ENT Diagnostic Devices Market Segmentation and Industrial Overview Forecasts to 2028

According to Fact.MR study, the ENT endoscopes are estimated to account for over half the revenues of the ENT diagnostic devices market in 2019. Endoscopy has played a significant role in the diagnosis of ear, nose and throat related diseases as well as successful treatment outcomes. Owing to this, ENT endoscopes have become the most common devices in the ENT clinics.

The study finds that bronchoscopes are projected to capture over 60% of the ENT endoscope revenues in 2019. Higher replacement rate and application for multiple indications can be responsible for a significant revenue share of bronchoscopes. In addition, Fact.MR finds that installation base of bronchoscopes remains higher. In the United States alone about 27,237 bronchoscope devices were installed in 2017, as per Fact.MR estimates.

The study finds that hearing screening devices are likely to account for the second largest revenue in the ENT diagnostic devices market. According to Fact.MR valuation, globally, over 71,000 hearing screening devices were installed in 2017.

Fact.MR finds that end users of ENT diagnostic devices prefer portable devices. However, preference for hand-held and fixed devices remains comparable. Owing to their distinct functions, portable, hand-held and fixed devices continue to hold nearly equal market share.

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Among end users, hospitals account for the largest revenue share in the ENT diagnostic devices market. In 2018, over 61% of the market share was held by hospitals. The status-quo is expected to continue in the future with the hospital infrastructures becoming more and more sophisticated and well equipped with ENT diagnostic devices.

The study finds that the ENT diagnostic devices market revenues remain heavily consolidated in North America, Europe and APEJ regions. Collectively, markets in these regions accounted for over four fifth share of the global revenues in 2018.

North America was found to spearhead the ENT diagnostic devices market. A significant population in the United States is suffering from ENT disorders such as sinusitis and tinnitus. In addition, prevalence of lung cancer, the second most common cause of cancer in the U.S. is rising. Advanced healthcare infrastructure and favorable reimbursement scenario that covers ENT procedures in the region are responsible for the leading share of the ENT diagnostic devices market.

According to the study, Europe represents the second largest ENT diagnostic devices market and the status-quo is likely to continue in the future on the back of established healthcare facilities in the regions. APEJ is another lucrative market for ENT diagnostic devices with an impressive growth rate. In addition, ameliorating economic standards and improving accessibility to healthcare facilities present gainful opportunities for the ENT diagnostic device manufacturers.

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