The Global Market for ENT and Bronchoscopy Devices is Projected to Reach US$1.3 Billion by 2020

Rising Incidence of ENT & Pulmonary Diseases & Affinity for Minimally-Invasive Procedures Drive Demand for ENT & Bronchoscopy Devices, According to a New Report by Global Industry Analysts, Inc.

                                                                                                

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global ENT and Bronchoscopy Devices market. The global market for ENT and Bronchoscopy Devices is projected to reach US$1.3 billion by 2020, driven by the rising incidence of ENT and pulmonary diseases, the growing trend towards minimally-invasive medical procedures, and the development of technologically advanced devices.

Demand for Ear, Nose, and Throat (ENT) and Bronchoscopy Devices is being fuelled by the rising incidence of diseases, such as COPD, sinusitis, otitis media and cancer; coupled with the rapidly aging societies across the globe; and bad lifestyle habits such as smoking that affect the ear, nose, throat, lungs, neck, and head. The rising prevalence of infections and traumas affecting the ear, nose, and throat are propelling the need for advanced Ear, Nose, and Throat (ENT) diagnostic instruments, surgical tools, and therapeutic devices. The fast-expanding global geriatric population is more prone to experience weaker immunity to infections, and vulnerable to age-related conditions such as hearing loss, tinnitus, nerve pain, cranial nerve disorders. The resulting increasing volumes of otological procedures and surgical procedures such as sinus surgeries, turbinate reduction, tonsillectomies, and adenoidectomies are fueling the need for ENT devices. Clinical studies are proving the effectiveness of Balloon Dilation Technology (BDT) over Functional Endoscopic Sinus Surgery (FESS) for treating chronic sinus disease, a condition with huge unmet medical needs. Given the growing preference for image-guided systems for ENT procedures, demand for navigation software is expected to increase rapidly from the current niche.

The increased affinity among physicians and patients for minimally invasive surgical procedures and the shift to disposable medical/surgical products are positively influencing the market. Technological advancements, such as powered and Radio Frequency ENT instruments, as well as innovations in the fields of facial plastic and reconstructive therapy and sleep apnea are providing momentum to growth. The market is benefitting from improving healthcare infrastructure, growing awareness among care providers and patients, and the introduction of technologically advanced and user-friendly devices. The higher healthcare standards, increased availability of reimbursement support, and greater patient and physician awareness levels, have resulted in higher market penetration of ENT devices in developed countries. However, high device costs and fitting charges, inadequate reimbursement framework, dearth of skilled professionals and device-dispensing avenues, and technological shortcomings of device leakage in voice prosthesis devices are major challenges to growth in the ENT devices market.

As stated by the new market research report on ENT and Bronchoscopy Devices, the United States represents the largest market worldwide supported by superior technology prowess in the ENT and bronchoscopy field, and the growing base of baby boomers. Developing markets spearheaded by Asia-Pacific, are expected to provide the momentum for future growth owing to the large population, rapid pace of urbanization, rising disposable income, increasing healthcare awareness, rising incidence of ENT & respiratory diseases, and the growing presence of major device manufacturers. Asia-Pacific is expected to exhibit the fastest CAGR of 7.6% over the analysis period.

Major players in the market include Boston Scientific Corporation, Broncus Technologies Inc., Carl Zeiss Meditec AG, Conmed Corporation, Fujifilm Corporation, Hoya Corporation, PENTAX Medical, Intersect ENT Inc., Karl Storz GmbH & Co. KG, Lumenis Ltd., Medtronic Inc., Olympus Corporation, Richard Wolf GmbH, Smith & Nephew Plc., Stryker Corporation, and Welch Allyn Inc, among others.

The research report titled “ENT and Bronchoscopy Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, growth drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Key segments analyzed include ENT Devices and Bronchoscopy Devices.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.