According to Stratistics MRC, the “Global ENTLaser Devises Market” is accounted for $84.47 million in 2018 and is expected to reach $167.45 million by 2027 growing at a CAGR of 7.9% during the forecast period. While the factors like growing prevalence of ENT disorders, such as oral cancer, and favorable reimbursement scenario for ENT procedures in developed countries are driving the market growth. However, high costs associated with ENT surgeries and stringent regulations and standards on laser device manufacturing are hampering the growth of the market.
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Ear, nose, and throat are some of the most important parts of the human body. It is very essential to keep these parts function properly. Various ENT devices are available for the diagnosis and treatment of these organs associated with diseases. Some of the most common ENT devices are diagnostic devices, surgical devices, and therapeutic devices. Deficiencies related to hearing, smelling and speaking are diagnosed and treated with the help of these ENT devices.
Amongst the products, the gas lasers segment is going to have a lucrative growth during the forecast period. Gas lasers provide better surgical efficacy and have fewer complications compared with solid and semiconductor-based lasers. Therefore, the demand for gas lasers will continue to remain high for ENT surgeries and the market segment will maintain its leading position over the forecast period.
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Based on application, throat and mouth cancer has a growing prominence in the forecast period. The growth in this segment is attributed to the high increasing prevalence of oral cancer. Laser surgery has become a reliable treatment option for oral cancer. Additionally, real-time optical tumor detection during laser surgery would allow for a very precise and straight forward cancer resection, enhancing organ preservation and hence the quality of life for patients with cancer in the throat.
By Geography, North America is likely to have a huge demand during the forecast period. Factors such as the rising number of product launches owing to the growing presence of regional & global vendors and the existence of specialized ENT clinics are contributing to the ENT laser devices market growth in the region.
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Some of the key players in global ENT Laser Devices market are Shanghai Fosun Pharmaceutical (Group) Co. Ltd., Boston Scientific Corp., A.R.C. Laser GmbH, XIO Group and El.En. S.p.A.