Harrisburg, NC -- (SBWIRE) -- 10/21/2020 -- ENT Devices Global Market Report 2020-30: Covid 19 Impact and Recovery
The ENT devices (or) equipment market consists of sales of ENT devices and related services by entities (organizations, sole traders and partnerships) that produce ENT devices used in diagnosis and treatment of ear, nose and throat diseases. This industry includes establishments that produce hearing aid devices, hearing diagnostic devices, hearing implants, voice prosthesis devices and other devices.
Customization of hearing aids and implants through 3D printing is one of the major trend in the ENT devices market. Companies in this segment design, develop and provide hearing aids in a range of colors, designs, metallics and prints depending on the patients needs. For instance, Cochlear Ltd. is customizing its hearing implants, sound processor covers, coil covers and Nucleus 5 sound processor with SkinIt. Phonak, Advanced Bionics and many other companies are also providing customized products.
The global ent devices market is expected to decline from $15.3 billion in 2019 to $12.4 billion in 2020 at a compound annual growth rate (CAGR) of -19%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of hearing implants, hearing aid, hearing diagnostic, voice prosthesis, and other ENT-related devices due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $19.3 billion in 2023.
Top Leading Companies mentioned are
Sonova Holdings AG; William Demant Holdings A/S; Medtronic plc; KARLSTORZ GmbH & Co; Stryker Corporation
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North America was the largest region in the global ent devices market, accounting for 33% of the market in 2019. Asia Pacific was the second largest region accounting for 30% of the global ent devices market. Africa was the smallest region in the global ent devices market.
Essential points covered in Global ENT Devices Market2020 Research are:-
What will the market size and the growth rate be in 2020?
What are the key factors driving the global ENT Devices market?
What are the key markets trends impacting the growth of the global ENT Devices market?
What are the challenges to market growth?
Who are the key vendors in the global ENT Devices market?
What are the market opportunities and threats faced by the vendors in the global ENT Devices market?
What are the key outcomes of the five forces analysis of the global ENT Devices market?
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This independent 300 page report guarantees you will remain better informed than your competition. With over figures examining the ENT Devices market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of ENT Devices in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global ENT Devices market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global ENT Devices market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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Benchmark performance against key competitors.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of ENT Devices on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of ENT Devices Market and assist manufacturers and ENT Devices organization to better grasp the development course of ENT Devices Market.
Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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