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The ENT laser devices market size is estimated to grow by USD 130 million at a CAGR of 6.78% between 2023 and 2028. There is a rising demand for minimally invasive ENT surgeries across the globe. Head and neck regions are ideal for minimally invasive surgical methodologies, as the nasal, ear, and throat entries provide convenient openings for the use of refined, thin instruments as a part of these surgical procedures. There is an increasing preference for these types of surgeries as they offer several benefits such as less tissue harm, quicker recuperation, less torment, and less scarring than surgeries performed through open incisions. In addition, there is a growing popularity for minimally invasive surgeries due to the ease for both the doctor and the patient which is positively impacting the market.
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2018 - 2022, besides analyzing the current market scenario.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The gas lasers segment is estimated to witness significant growth during the forecast period. Some of the main factors that are significantly contributing to the growth of the segment include the increasing prevalence of ear, nose, and throat (ENT) problems, such as snoring, nasal obstruction, and ENT cancers, as well as new product launches and the focus on developing advanced products. This segment comprises medical lasers that utilize either a single gas or a mixture of gases within a tube to produce coherent light.
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The gas lasers segment was the largest segment and was valued at USD 155 million in 2018. The lasers mainly work on DC current, with AC current, or in the radio frequency (RF) domain. Some of the main gaseous compounds that are used in gas lasers include CO2, Argon (Ar), and helium-neon (He-Ne). The main purpose of gas lasers is to either cut coagulate blood vessels, or remove a tumor of the ear, nose, or throat. Some of the main surgeries where there is a significant adoption of gas lasers include otolaryngology, transoral, sino-nasal, and nasopharyngeal surgeries. The main advantages of this segment are that it provides better surgical efficacy and reduces the complications associated with laser surgeries which is fuelling the growth of this segment. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period.
Some of the main factors that are significantly contributing to the market growth in North America include the increasing prevalence of ENT diseases, such as rhinosinusitis, sleep apnea, tinnitus, and cancer, the rising number of new product launches, the growing presence of regional and global companies, the growing presence of OEMs, and the presence of specialized ENT clinics.
In addition, there is an increasing adoption of these due to reimbursement schemes for a few procedures. Furthermore, there is an increase in demand in North America due to their use in the treatment of chronic ENT conditions, such as chronic sinusitis and malignancies in the ear, nose, and throat, which need laser therapy. Hence, such factors are driving the market growth in the region during the forecast period.
ENT surgery encompasses various procedures, often utilizing advanced technologies like types of lasers for enhanced precision. The advantages of laser surgery include minimal invasion, resulting in minimal bleeding, and an atraumatic experience for patients. This technique also reduces operative time and leads to quicker recovery. Additionally, favorable reimbursements from insurance providers such as Cigna, Humana, and Kaiser Permanente make these procedures more accessible. Specific procedures include tongue suspension and hyoid suspension, primarily used to treat obstructive sleep apnea. In the realm of cosmetic ENT surgeries, inferior turbinoplasty procedures are common for improving nasal airflow.
These minimally invasive approaches, including advanced ENT surgical techniques like ear syringes, offer significant benefits over traditional methods, enhancing patient comfort and outcomes. Technologies such as nanotechnology-based products, waterborne coatings, and UV radiation-cured coatings are transforming healthcare, addressing concerns like pollution and Volatile Organic Compounds (VOCs). These innovations not only promote non-invasive therapies but also ensure sterilization, storage, cleaning, and wettability, crucial for medical device safety. The support from major insurance companies underscores the viability and appeal of these advancements in ENT care, facilitating broader accessibility and acceptance. This momentum drives partnerships, mergers & acquisitions, and technology licensing, fostering continuous innovation in neurology, orthopedics, and various medical applications.
One of the key factors driving the market growth is the increasing M&A across the value chain. There is an increasing adoption of various business strategies, such as M&A and collaborations to develop advanced product portfolios, as well as investments and funding to boost the sales of these devices. For example, in September 2021, Boston Scientific Corp. announced its acquisition of Lumenis global surgical business.
Moreover, in May 2022, Medtronic declared that it had acquired Intersect ENT for USD 1.1 billion. This strategy enables the company to maintain its market position by expanding its business reach. Hence, such developments are positively impacting the market. Therefore, it's expected to drive the market growth during the forecast period.
A key factor shaping the market growth is the new product launches by market players. There is an increasing focus by several market players on expanding their product portfolios by launching new products. In addition, several regulatory approvals enable market players to strengthen their geographic presence as well as boost their sales revenue.
For example, in January 2021, OmniGuide Holdings Inc. declared that it had obtained clearance from the US FDA to launch its new OTO-U CO2 laser system fiber used for ENT and otology surgery. This new innovative product launch enables ENT surgeons to reach tighter spaces and improve procedural outcomes. Hence, such product launches are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
Social stigma and lack of awareness of hearing aids are one of the key challenges hindering the market growth. It is essential for individuals with hearing loss to adapt to hearing devices to manage their lives. However, the society considers deaf and hard-of-hearing individuals with a mixture of fear, disrespect, dislike, misunderstanding, and pity.
Moreover, the stigma related to hearing loss can be a significant impediment for people who need help to hear better. As a result, a majority of the population is hesitant to use hearing aids on account of how they think their companions, family, or associates may see them. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market during the forecast period.
The market forecast report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market forecasting and growth strategies.
Customer Landscape
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Bone-Anchored Hearing Aids (BAHA) Market: Bone-Anchored Hearing Aids (BAHA) Market Analysis North America, Europe, EMEA, APAC: US, Canada, China, Germany, UK - Size and Forecast
In this market, carbon dioxide laser technology is integral to medical laser technology, known for its precise cutting and effective zone of coagulation, crucial for reducing blood loss and the need for blood transfusion. It is widely adopted in treatments for juvenile papilloma, vocal fold issues, and vocal cord carcinomas, minimizing recurrences and enhancing outcomes. Adopting these laser devices meets stringent regulations and regulatory requirements, ensuring safety in minimally invasive therapies.
Moreover, prominent players in the field focus on endoscopic sinus surgery, balloon sinus dilation, and surgical navigation. Insurance providers like Medicare, Aetna, TRICARE, Health Net, Medicaid, and Blue Cross Blue Shield facilitate access to these advanced treatments. With rising healthcare expenditure and the geriatric population—particularly in China, influenced by the one-child policy—demand for medical devices like hearing aids, diagnostic devices, surgical devices, and hearing implants grows. The endoscope segment and hearing screening devices are also crucial in addressing ear disorders and deafness, contributing to healthcare cost reduction.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market growth 2024-2028 |
USD 130 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.24 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, UK, Germany, China, and Canada |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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