ENT endoscopy Market

ENT Endoscopy Market Snapshot (2023 to 2033)

As per Future Market Insights, the ENT endoscopy market is estimated to secure a valuation of US$ 8.7 billion in 2023 and is estimated to rise to US$ 16.3 billion by 2033. The market is anticipated to grow at a CAGR of 6.5% during the forecast period. The factors accelerating the demand for ENT endoscopy are as follows-

• Increasing cases of ENT diseases
• Increased demand for endoscopic devices
• Advancement in endoscopic technology
• Increased prevalence of minimally invasive medical procedures
• Fast advancement in medical technology
• Increased number of skilled surgeons globally
• Increased number of ENT clinics worldwide
• North America is expected to dominate the ENT endoscopy market during the forecast period.

An increase in awareness of the importance of early detection of diseases through minimally invasive surgical invention is likely to drive the growth of the ENT endoscopy market.

The global geriatric population is growing and with it, the prevalence of age-related ENT disorders like hearing loss, tinnitus, and vertigo. This is expected to boost the demand for ENT endoscopic procedures.

With increasing, healthcare expenditure consumers are more aware of ENT disorders, thus there is a growing demand for advanced medical devices and procedures including ENT endoscopy. Also, the increased demand for ENT endoscopic devices in ENT clinics, ambulatory settings, and hospitals provides an opportunity for market growth. All these factors are expected to drive the growth of the ENT endoscopy market during the forecast period.

The global ENT endoscopy market is expected to be dominated by North America due to the presence of major market players in the region and well-established healthcare infrastructure. Also, the rising number of endoscopic procedures performed and increased research & development activities in the

propel the market growth in the region

Europe is expected to account for the highest market share of the ENT endoscopy market in the coming years owing to the increased rate of disorders like hearing loss, gastric reflux, and Dysphagia

Asia Pacific is expected to be the fastest-growing region in the ENT endoscopy market. Increased research & development activities in the region are driving market growth in Asia Pacific.

The ENT endoscopy market is highly competitive and fragmented in nature with the presence of several large and small players competing for market share. Some of the market players operating in the ENT Endoscopy market are Olympus, Pentax, Fujifilm, Karl Storz, Arthrex, Boston Scientific, Conmed, Cook Medical, Covidien, Hoya, Johnson, and Medtronic among others.

All these market players are focusing on expanding their product offerings and geographic presence to remain competitive in the market. Also, the market players are heavily investing in research & development activities to increase their product portfolio.

For instance in February 2023- Kerl Storz announced the acquisition of 100 percent of the share of AventaMed DAC, With this acquisition, Karl Storz continues to be the innovative partner of ENT surgeons for their state of art endoscopic treatment mission.

The ENT endoscopy market is expected to grow in coming years owing to the factors such as an increase in the prevalence of ENT disorders, advancement in endoscopic technologies, and growing demand for minimally invasive procedures. With the increased number of ENT endoscopic procedures performed worldwide, start-ups are entering the market with innovative procedures and products.

For instance, founded in 2011- EndoMaster Medical is a start-up developing a robotic system for ENT surgeries. Their system uses advanced robotics and artificial intelligence to assist surgeons during the procedures, enabling more precise & efficient surgeries

"ENT endoscope" is a tubular device that is used in a minimally invasive medical diagnostic procedure called "ENT endoscopy" where an organ's internal surface can be assessed. As per the latest research, the ENT endoscopy market is forecasted to experience exponential growth during 2023 to 2033. The Global market for ENT endoscopy is expected to grow at a CAGR of a big percentage in the forecast period .

What is Driving Demand for ENT endoscopy?

Essential drivers of the ENT endoscopy market are diseases like sinusitis and fast advancement in medical technology. In 2020, surgeries like Endoscopic sinus surgery, neurosurgery, skull-based surgery, and sales of other endoscopy devices led to the surpassing of endoscopic market size and giving it a benefit as compared to the previous years.

The sales of ENT endoscopy went through a good growth phase, leading to crucial challenges that are to be faced by manufacturers but the market is expected to gain momentum in the forecast period since there are great medical and technological advancements taking place widely.

The high prevalence of Chronic Sinusitis is one of the major drivers of the endoscopy market, lead to the inflow of patients in hospitals and ENT clinics which in turn lead to the increase of production of ENT tools leading to the gross profit of the entire market. It demonstrates that the Endoscopy market can be interdependent on other markets and the profits can go hand in hand.

What is the Repercussion of the Pandemic on the Growth of the ENT Endoscopy Market?

Due to the Covid-19 pandemic, the ENT endoscope market got affected badly as the endoscopic services were under secondary procedures which were to be shut down but the sales of ENT tools were actively done in the Medical and Healthcare sectors during the treatment of COVID-19 positive patients which kept a stable momentum of the market.

Yet, an analytics firm “GlobalData” predicts a heavy surge in the ENT endoscopy market sales in 2021 and in the forecast period (2021 to 2031) after facing a huge number of losses in previous years.

Sabyasachi Ghosh

Principal Consultant

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The USA and Canada ENT endoscopy Market Outlook

A good growth rate of the ENT endoscopy market is expected to expand for the USA due to an increase in the number of endoscopic procedures performed all around the region, any of the incident and prevalent ENT related disorders like an Ear infection (Otis media), Gastric reflux, dizziness, Dysphagia (difficulty swallowing) and Hearing loss lead to the skyrocketing of the ENT endoscopy market since more and more advancements are being done for the production of the ENT tools.

The Canadian endoscopy market on the other hand is also expected to grow with good and steady growth but comparatively lesser than that of the American market. Endoscopic ear surgery which is a new technique and surgery with fast recovery with lesser post-surgical infections is in high demand due to which these turn out to be the driving factors of the ENT endoscopy market.

Europe Demand Outlook for ENT endoscopy 

Major drivers of Ent endoscopy market in the European region (Germany, United Kingdom, France, Spain, and Italy) prevalence of ENT related disorders like chronic rhinosinusitis, Hearing loss, gastric reflux, and Dysphagia. Germany dominated the European market making the highest gross value when compared with other European companies.

As per a statistical analysis done by World Allergy Organization (WAO), chronic rhinosinusitis's disease prevalence ranged from 11% in Europe due to which led to an increase in the sales of the ENT endoscopy market which will result in the market’s expansion and is expected to grow even more in the forecast period.

Who are the Key Manufacturers and Suppliers of ENT endoscopy?

Top leading manufacturers and suppliers of ENT endoscopy include

• Olympus
• Pentax
• Fujifilm
• Karl Storz
• Arthrex
• Boston Scientific
• Conmed
• Cook Medical
• Covidien
• Hoya
• Johnson
• Johnson
• Medtronic
• Others

Unitech vision, Apollo surgical, Ashbond Engineers Private Limited, and ALT systems are some of the Indian manufacturers who play a crucial role in the Indian ENT endoscopy market.

In March 2018, “ENF-VT3” which is a flexible NBI (Narrow band imaging) based device, which is one the most notable and prominent developments in the ENT market was launched by Olympus Corporation.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments of ENT Endoscopy Market

By Type:

• Hearing screening devices
• Flexible Endoscopes
• Rigid Endoscopes

By Applications:

• ENT clinics
• Ambulatory settings
• Hospitals

By Region:

• North America
  • USA & Canada
• Latin America
  • Brazil, Mexico, Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • the Other Middle East
  • North Africa
  • South Africa
  • Other Africa