ENT Handheld Instruments Market
Number of pages: 100 | Report Format: PDF | Published date: March 01, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
CAGR |
6.1% |
|
Base Year for Estimation |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Type, End User, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global ENT handheld instruments market is expected to register a revenue CAGR of 6.1% during the forecast period.
ENT Handheld Instruments Market Fundamentals
Handheld ENT instruments are medical devices used to evaluate and treat the ears, nose, and throat. Otoscopes, rhinoscopes, and laryngoscopes are some of the examples of these instruments. ENT instruments are used to diagnose and treat ear infections, sinus infections, strep throat, and vocal cord nodules. An otoscope is a handheld instrument used by a healthcare provider which uses light to track and evaluate the state of the ear canal and eardrum. Inspecting the ear can show the source of health issues, such as earache, ear fullness, and hearing loss. It has a viewing component shaped like a funnel with a pointed end called a speculum, which enters the ear canal during an examination. Additionally, a pneumatic otoscope is a form of otoscope that has a rubber bulb that provides a puff of air to the ear canal when squeezed. The movement of the eardrum can be observed by the healthcare professional due to the air inside the ear canal. Several healthcare providers are increasing the adoption of video otoscopes, which can send images from inside the ear to a bigger screen.
The rhinoscopy provides direct visualization of the nasal cavity as well as guided biopsy (at least for the first sample). This procedure can be used to treat disorders, such as nasal hamartomas, fungal granulomas, and foreign substances. Moreover, it is accomplished by two procedures: anterior rhinoscopy and posterior rhinoscopy. The anterior rhinoscopy is conducted as a part of the physical examination in clinics. A nasal speculum is used to complete the procedure. The speculum is put in the nostril to help expand it. The procedure for anterior rhinoscopy takes less than a minute. Posterior rhinoscopy is used to inspect the post-nasal structures. The posterior end of the nasal septum, posterior end of the turbinate (nasal bone), fossa of rossenmuller (a typical site for malignancy), eustachian tube entrance, and the top surface of the soft palate are visible during posterior rhinoscopy.
ENT Handheld Instruments Market Dynamics
The ENT handheld instruments market is experiencing increased product demand due to a variety of factors, one of which is an increase in the number of cases of hearing loss due to various causes. According to the World Health Organization, around 430 million individuals had varied degrees of hearing loss as of April 2021. According to the factsheet, around 2.5 billion individuals are expected to have some degree of hearing loss by 2050. Ear surgeries, such as eardrum repair (tympanoplasty), ear tube implantation, and stapedectomy, are examples of typical procedures performed in the ENT specialty that make considerable use of ENT portable instruments. As a result of the increased prevalence of hearing loss, the volume of such treatments conducted to restore hearing ability in patients would increase, propelling the global ENT handheld tools market revenue growth during the forecast period.
The increased prevalence of thyroid cancer is another important factor driving the global ENT handheld tools market. According to GLOBOCAN 2020 data, about 586,202 incidences of thyroid cancer were detected globally in 2020. Thyroidectomy, in which the thyroid gland is partially or completely removed, is one of the therapy options for thyroid cancer. This is accomplished with the help of several ENT portable tools used during the surgery. Hence, a rise in the incidence of thyroid cancer would increase the number of thyroidectomies performed, thereby boosting the development of the ENT handheld instruments market during the forecast period.
ENT Handheld Instruments Market Ecosystem
The global ENT handheld instruments market has been analyzed from three perspectives: type, end user, and region.
ENT Handheld Instruments Market by Type
[9867856]
Based on type, the global ENT handheld instruments market has been segmented into rhinology instruments, otology instruments, laryngeal instruments, head and neck surgical instruments, and others.
The otology instruments segment is expected to witness lucrative growth opportunities during the forecast period. Otology instruments are used to diagnose illnesses of the ear, nose, and throat. It is a branch of medicine concerned with the study of otoneurological disorders and injuries (ear, nose, and throat). The segment growth can be attributed to the increasing occurrence of ear-related diseases, such as age-related hearing loss in the elderly, otitis media, particularly in the pediatric population, vertigo and dizziness, and tinnitus, as opposed to indications linked to rhinology and laryngology. Ear surgeries, such as eardrum repair (tympanoplasty), ear tube implantation, and stapedectomy, are instances of typical procedures performed in the ENT specialty that make considerable use of ENT handheld instruments.
ENT Handheld Instruments Market by End User
Based on end user, the global ENT handheld instruments market has been segmented into hospitals, ambulatory settings, ENT clinics and others.
The hospitals segment is expected to dominate the market during the forecast period due to the rising number of ENT-related procedures and increased awareness of otolaryngology specialties. These devices are employed in ENT clinics, outpatient surgical centers, and other ambulatory care centers, and they are portable enough for the patient to carry if necessary.
ENT Handheld Instruments Market by Region
Based on region, the global ENT handheld instruments market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America dominated the ENT handheld instruments market in 2021. The rising cases of obstructive sleep apnea, increasing prevalence of sinusitis, aging population, and rising government initiatives to raise awareness about the prevalence and treatment of hearing loss are expected to aid in the growth of the North America ENT handheld instruments market. Additionally, high disposable income, sophisticated healthcare infrastructure, new product approvals, and increase in awareness are contributing to regional market growth.
According to the Centers for Disease Control and Prevention (CDC), approximately 28.9 million individuals in the United States were diagnosed with sinusitis in 2020. Furthermore, according to the International Allergy Organization (2021), the prevalence of chronic sinusitis in the United States is usually in the range of 12%. Persistent sinusitis can make breathing difficult. Sinus surgery is frequently advised in individuals who have failed to respond to drugs and other treatments. As a result of a large number of chronic sinusitis patients in the country, the number of sinus surgery procedures is expected to increase in the next few years, driving demand for ENT handheld instruments and supporting the growth of the United States ENT handheld instruments market during the forecast period.
The rising frequency of ENT-related diseases and the increasing number of otitis media cases are projected to fuel the revenue growth of the Asia Pacific ENT handheld instruments market. Furthermore, the growth in the number of government programs to raise awareness about the current innovations and the easy accessibility to the newest technologies in Asia Pacific are likely to boost the expansion of the ENT handheld instruments market in the region.
ENT Handheld Instruments Market Competitive Landscape
Research and development (R&D) is an important part of any company’s activities and has been the key driver of sales growth. A strategic focus on R&D helps companies expand and improve their product base and offer new and innovative products that meet customer expectations. Companies believe that long-term success is dependent on the continuous flow of new products and enhancements to their existing products through internal product development, licensing of technology, and strategic alliances. For instance, GE Healthcare incurred significant expenditure on research and development, funded principally by its parent company, General Electric. It continuously innovates with a focus on minimizing costs, increasing access, and enhancing quality and efficiency.
The prominent players in the global ENT handheld instruments market include:
ENT Handheld Instruments Market Strategic Developments
A handheld ENT instrument is a medical device that is used to examine and treat disorders related to the ears, nose, and throat. Otoscopes, rhinoscopes, and laryngoscopes are examples of these instruments. They are used to diagnose and treat ear infections, sinus infections, strep throat, and vocal cord nodules.
North America dominates the market and is considered a key revenue growth region.
The increasing prevalence of thyroid cancer, the rising cases of sinusitis, and the growing geriatric population are contributing to the revenue growth of the ENT handheld instruments market.
The ENT handheld instruments market is expected to register a revenue CAGR of 6.1% during the forecast period.
The otology instruments segment leads the global ENT handheld instruments market.
*Insights on financial performance are subject to availability of the information in the public domain