ENT Devices Market is Expected to Grow at a Probable CAGR of 6.2% During Forecast 2018-2023
Market Highlights: The global ENT devices market is expected to grow at an approximate CAGR of 6.2% during forecast period, 2018–2023. Rising cases of hearing loss is the key factor driving the ENT devices market. As per the 2017 study published in The Hearing Journal, nearly 44 million US adults over the age of 20 are expected to have hearing loss by 2020. Various other factors such as favorable reimbursement for ENT procedures, high prevalence of chronic sinusitis, geriatric population, technological advancements, growing adoption of minimally invasive ENT procedures, and high demand for cosmetic ENT procedures are also expected to propel the growth of the market. However, low high cost of CO2 lasers, and high cost of devices can hinder the market growth over the forecast period. Key Players: · Atos Medical A · Cochlear Limited · ...