ENT devices are utilized in the treatment, identification, or surgical treatment of any nose, ear, or throat conditions. They aid in resolving issues with the sense of smell, hearing, or snoring. The most common ENT products available on the market include the endoscope, hearing aids, and hearing screening devices. Ear tubes, hearing devices, surgery devices, surgically powered instruments, and image-guided surgery systems balloon dilation devices, used to treat sinus problems, CO2 lasers, and other things. Get quick inquiry for a sample report.
promising prospects for artificial intelligence (AI) in the global ENT device market
The arrival of AI will revolutionize the advancement of ENT procedures guided by images, as well as skull-base procedures, and significantly impact the treatment of cancerous laryngeal lesions. In announcing the possible benefits of AI within the ENT device market, the major players are constantly seeking to develop innovative products for the worldwide ENT device market.
For example:
- The company launched its first AI-powered ENT technology in September of 2021. Acclarent has announced its first AI-powered ENT system across the U.S. It was intended to make surgical planning easier and give real-time feedback during ENT navigation.
- In the same way, AI is poised to take giant leaps in the area of otolaryngology. In the field of otolaryngology, Dutch business WSK Medical is confident that by 2023, European otolaryngologists could be employing AI to identify laryngeal cancer. The company has created a platform called Zeno AI, which gives surgeons in the ENT field a live AI analysis of laryngeal cancers that can be used in an endoscopic exam (laryngoscopy). Zeno AI considerably reduces time spent processing medical information and aids in identifying laryngeal cancer earlier. Zeno AI is not yet available for sale, but it is currently being used in two European medical institutions, and it has proven useful in identifying lesions on the larynx.
technological innovations and advancements stimulate the market for ENT Devices’ expansion.
The world ENT device market has seen numerous technological advances and innovations throughout the past few years. The advancements in technology within ENT devices are anticipated to increase demand for the devices in the coming years.
For example:
- The company was approved in August of 2022. The U.S. Food and Drug Administration (FDA) has given Preceptis Medical permission to use the Hummingbird(r) Tympanostomy Tube System (TTS) for more ear tube procedures in children that take place in an office setting. The device was previously approved for children aged 6–24 months, and this new labeling permits the use of the system in offices for all children aged 6 months and over.
- On the first day of April 2022, Atmos MedizinTechnik GmbH & Co. KG launched the next generation of endoscopes designed for ENT or swallowing-related diagnostics. The Atmos scope The flexible HD video nasopharyngolaryngoscope sets new standards with its high image resolution and, via its USB interface, enables mobile use with portable devices.
Analyzing the competitive landscape The Ent Devices Market
Some of the most well-known players in the global market for ENT devices are Karl Storz, Medtronic, Stryker, Smith+Nephew, Olympus, Entermed, Acclarent (part of Johnson & Johnson MedTech), Fujifilm, Aesculap (B Braun), Preceptis Medical, Eakin Surgical, FENTEXmedical GmbH, Sheffmed, PENTAX Medical, Atmos MedizinTechnik GmbH & Co. KG, Collin SAS, Adept Medical, as well as many others.
Organic as well as inorganic growth strategies developed by key market players to establish their presence within the global ENT device market
Top players operating in this market are implementing methods of growth that are organic or inorganic, such as the launch of new products, buying similar companies, and forming partnerships to increase their market share.
For example,
- In September 2023, Olympus Corporation launched the Vathin E-SteriScopeTM single-use flexible video rhinolaryngoscope for use in diagnostic and therapeutic otorhinolaryngological procedures. The E-SteriScope is a single-use, flexible rhinolaryngoscope made by the Hunan Vathin Medical Instrument and is exclusively distributed by Olympus. It is currently available for purchase throughout the U.S., and its availability across Europe, the Middle East, and Africa is expected later in the year.
- The date was July 20, 2022. Zsquare, a renowned developer of single-use, high-performance endoscopes, was granted Food and Drug Administration 510K clearance to introduce its first product, the Zsquare ENT-FlexTM Rhinolaryngoscope. It is intended for use in diagnosing ENT procedures through the throat and nose. It is the only platform that transmits high-resolution images through multi-purpose, single-use endoscopes that are flexible and easy to use.
- In May 2022, Medtronic completed the acquisition of Intersect ENT, a global ear, nose, and throat (ENT) medical technology market leader. The acquisition broadens Medtronic’s vast ENT portfolio of products with cutting-edge innovations that are used for sinus procedures.
The worldwide ENT equipment market is predicted to expand steadily in the coming years because of the increasing number of ear tubes (tympanostomies) for children, increasing expectations for treatments for sinusitis in office and outpatient settings, and the aggressive organic as well as growth strategies that are employed by the top market players.
The key strategic questions addressed within the research report are as follows: The following are the key strategic questions addressed in this report:
- What is the size and the forecast for the ENT device market?
- What are the historic or forecasted market share and growth rates for various segments and sub-segments in the ENT device market?
- What are the major growth drivers, restraints, and challenges impacting the ENT device market?
- What are the potential opportunities on the market for ENT markets for devices?
- What is the current investment landscape of the world’s ENT markets for devices?
- The region with the biggest share of the market? Which region is predicted to have the fastest growth in the next five years?
- Who are the key players on the market? What is the competitive position of the key players?
- Who are the latest players in this ENT device market?
- What are the most effective strategies employed by players in the global market for ENT devices?
