LOS ANGELES, March 22, 2019 (GLOBE NEWSWIRE) -- According to Acumen Research and Consulting the global Ear-Nose-Throat (ENT) devices market is forecasted to grow at a stable CAGR around 8% during the forecast period 2018 to 2026.
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According to the report named “Ear-Nose-Throat (ENT) Devices Market” - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026”, rising incorporation of advanced technology, growing awareness about various health related issues, ever-increasing healthcare costs, favourable regulatory backdrop for ENT devices, increasing geriatric population, technological advancements, user-friendly ENT devices changing lifestyle patterns and ease of availability of various ear-nose-throat devices are some of the key factors that are fuelling the ear-nose-throat (ENT) devices market growth across the globe. Ear, nose and throat are some of the most vital parts of the human body. It is very important to keep the functions of these parts properly. There are many factors that affect the normal functioning of these organs such as sinusitis and aging. North America is anticipated to witness the highest growth rate over the forecast period owing to the growing awareness about various health related issues, increasing incidences of ENT diseases and enhanced consciousness towards health benefits. Soaring adoption of technologically advanced medical devices is playing the major role in the growth of regional Ear-Nose-Throat (ENT) Devices market.
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Rising Responsiveness about Health Related Issues and Availability of Wide Range of Ear-Nose-Throat (ENT) Devices to Drive the Global Ear-Nose-Throat (ENT) Devices Market Growth
The awareness towards the health issues and benefits offered by ear-nose-throat (ENT) devices is rapidly increasing with the increasing incidences of ENT diseases. This factor is increasing the demand for various ENT Devices. Increasing concerns about various problems related with ear, nose and throat and ease of availability of various ENT devices in the market are some of the fundamental factors responsible for the rapid growth of ear-nose-throat (ENT) devices market globally. Increasing technological advancements and user friendly ENT devices are some of the main factors influencing the growth of the global ear-nose-throat (ENT) devices market. For growing use of thermoplastic material for improvement of nasal splints is also anticipated to spur the demand for ear-nose-throat (ENT) devices. Incorporation of advanced technology for enhancing the quality of ear, nose, and throat devices along with various innovative product launches is supplementing the overall market growth. Moreover, various companies are mainly focusing on launching hearing aids and amplifiers which can be connected with mobile users in order to have better conversations. This product also allows cognitive hearing and mental health tracking. Additionally, technology integrated in ENT devices also reduce errors and improves precision, thereby increasing the demand for these devices. Furthermore, the increasing awareness about the health benefits offered by ear-nose-throat devices has been pouring the growth of the global market as consumers are ready to pay extra for improved health.
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North America to Grow at Highest Rate in Ear-Nose-Throat (ENT) Devices Market
Geographically, the global ear-nose-throat (ENT) devices market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is likely to have the largest market share and to grow at significant CAGR during the forecast period owing to growing awareness about various health related issues, increasing incidences of ENT diseases and enhanced alertness towards health problems. Soaring adoption of technologically advanced medical devices is playing the major role in the growth of regional Ear-Nose-Throat (ENT) Devices market. Government support for new ENT product developments and plenty of specialty ENT products are some of the primary factors driving the regional market growth. Asia Pacific is also expected to show ample growth over the forecast period due to the increasing demand for ENT products, increased awareness about health issues and large population base. Ear-nose-throat (ENT) devices providers from the region are also focusing on the offering various advanced products to customers.
Market Players
The ear-nose-throat (ENT) devices market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Cochlear Ltd., Siemens Healthcare, Sonova Holding AG, William Demant Holding A/S, Widex A/S, Starkey Laboratories Inc., Beltone, Rexton Inc., GN ReSound A/S, American Hearing Systems Inc., Nuear Hearing Aids Inc., Sonic Innovations Inc., Panasonic Corp., Avada Hearing Care, Audiosync Inc., Miracle-Ear Inc., MED-EL GmbH, Unitron Hearing Inc., Bernafon, and Zounds Inc.
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