ENT Laser Devices Market to grow by USD 119.6 million from 2022 to 2027; North America to account for 40% of market growth – Technavio
NEW YORK, Nov. 23, 2023 /PRNewswire/ — The ENT laser devices market is expected to grow by USD 119.6 million from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 6.64% during the forecast period, according to Technavio Research. The market is segmented by product (gas lasers, and solid and semiconductor-based lasers), application (sinusitis, tonsillitis, throat and mouth cancer, and others), and geography (North America, Europe, Asia, and Rest of the World (ROW)). North America is estimated to contribute 40% to the growth of the global market during the forecast period. The increasing occurrence of ENT diseases, such as Rhinosinusitis, Sleep Apnea, Tinnitus, and Cancer, the increase in new product launches, the increased presence of regional and global distributors, growing prevalence of OEMs and specialized clinics are some of the most important factors.
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Anthony Products Inc., ARC Laser GmbH, Asclepion Laser Technologies GmbH, biolitec AG, Boston Scientific Corp., Danaher Corp., El.En. S.p.A., Fotona d.o.o, Gebruder Martin GmbH and Co. KG, GNS neoLaser Ltd., IRIDEX Corp., LightScalpel Inc., Limmer Laser GmbH, Modulight Inc., Olympus Corp., OmniGuide Holdings Inc., Shanghai Fosun Pharmaceutical Group Co. Ltd., Smith and Nephew plc, Wuhan Dimed Laser Technology Co. Ltd., and Wuhan Gigaa Optronics Technology Co. Ltd.
ARC Laser GmbH – The company offers ENT laser devices such as FOX 980nm particularly attractive for applications in rhinology, otology, and oral cavity.
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ENT Laser Devices Market: Segmentation Analysis
- The gas lasers segment is estimated to witness significant growth during the forecast period. The increased prevalence of ENT problems, e.g., snoring, nasal congestion, and ENT cancer, as well as the launch of new medicines, are some of the key factors that contribute to the growth of the segment.
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ENT Laser Devices Market: Market Dynamics
- Increasing demand for minimally invasive ENT surgeries
- Increasing M and A across the value chain
- Increasing prevalence of ENT disorders
The rising demand for minimally invasive ENT surgeries is a key factor driving market growth. The head and neck regions are ideal for minimally invasive surgical procedures. Due to the variety of benefits offered by these procedures, including fewer tissue injuries, faster healing, and minimal scarification, they are increasingly preferred.
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The ostomy products market is estimated to grow by USD 1.10 billion at a CAGR of 5.25% between 2023 and 2028.
The ENT devices market is estimated to grow by USD 8.83 billion at a CAGR of 6.34% between 2022 and 2027.
What are the key data covered in this ENT laser devices market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the ENT laser devices market between 2022 and 2027.
- Precise estimation of the ENT laser devices market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the ENT laser devices market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of ENT laser devices market companies.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Deployment
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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