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The ENT Laser Devices Market size is estimated to grow by USD 119.6 million at a CAGR of 6.64% between 2022 and 2027.
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 2017 to 2021, besides analyzing the current market scenario.
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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 147.52 million in 2017. 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.
The main symptoms of sinusitis are the inflammation and swelling of cavities around nasal passages (sinuses) that remain for at least 12 weeks despite treatment administration. This segment is also known as chronic rhinosinusitis (CRS). There is an increasing demand for sinus surgery among patients which is an effective procedure for treating chronic sinusitis. Some of the other treatment options for sinusitis include decongestants, nasal steroids, antibiotics, oral steroids, and natural remedies. These treatment options are mainly non-surgical in nature. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Swollen tonsils, sore throat, difficulty in swallowing, and tender lymph nodes on the sides of the neck are some of the key symptoms of tonsillitis. One of the main treatment options for tonsillitis is surgery as this condition cannot be cured with therapeutic treatments and leads to serious complications. There is an increasing adoption of lasers in these treatments to eliminate the problematic tonsil crypts. In addition, there is an increasing adoption of advanced surgical procedures and devices to enhance patient compliance. Hence, the increasing prevalence of diseases and conditions including tonsillitis is driving the growth of the market during the forecast period.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that 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.
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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 20 market companies, including:
ARC Laser GmbH: The company offers FOX 980nm particularly attractive for applications in rhinology, otology and oral cavity.
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.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
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.
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The market 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is influenced by a comprehensive research study and industry trend analysis, which drive technological advancements in minimally invasive ENT procedures. Pricing analysis and patent analysis play a crucial role in shaping market dynamics, along with insights from conference and webinar materials that highlight key developments. Key stakeholders include prominent players in the industry, focusing on meeting the needs of the geriatric population. Factors such as buying behavior and reimbursements impact the adoption of advanced treatments like balloon sinus dilation, endoscopic sinus surgery, and computer-assisted surgical navigation.
The market is also influenced by third-party payer insurance coverage from providers such as Medicare, United Healthcare, Aetna, and others. Taxes and duties on medical devices add to pricing pressure, prompting healthcare cost reduction strategies. ENT Laser Devices find applications in throat procedures, tonsillectomies, and cosmetic rhinoplasty, catering to diverse settings including hospitals and ambulatory settings, ENT clinics, and home use. China's one-child policy has led to an increase in the geriatric population and a rise in ear disorders and deafness, driving demand for advanced ENT treatments. CE Mark Approval and expansion into LATAM countries are key strategies for market expansion, supported by OECD insights and the growing middle-class population.
ENT Laser Devices Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.64% |
Market growth 2023-2027 |
USD 119.6 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.1 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading companies, Market Positioning of companies, 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, and Market condition analysis for the forecast period. |
Customization purview |
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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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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