APAC ENT Devices Market Analysis

APAC ENT Devices Market Analysis


$ 4000

This report presents a strategic analysis of the APAC ENT Devices Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. This is one of the most comprehensive reports about the APAC ENT Devices Market, offering unmatched value, accuracy and expert insights.

REPORT ID: IN10APMD009 CATEGORY: Medical Devices GEOGRAPHY: APAC

Buy Now

APAC ENT Device Market Executive Summary

As of December 2016, third-party payer insurance coverage for standalone balloon sinus dilation procedures is available for an estimated 230 million people in the US, which represents 80% of the covered people in the country. In the US, the standalone balloon sinus dilation procedure performed at the physician’s office is covered by various third-party payers, such as Medicare, United Healthcare, Aetna, Cigna, Humana, Kaiser Permanente, TRICARE, Health Net, Medicaid, Blue Cross Blue Shield. Also, coverage of USD 180-USD 300 is provided for throat procedures such as tonsillectomies. For instance, the reimbursement for the tonsillectomy procedure within the state of Virginia is USD 200 (including follow-up care for 90 days after the procedure). Thus, a favorable reimbursement scenario in developed countries provides the impetus for the growth of the ENT devices market.

Market Size and Key Findings

The APAC ENT Device Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

APAC ENT Device Market Size (In USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

For market participants in ENT devices, emerging markets like China, India, and LATAM (Latin American) nations provide considerable growth prospects. The OECD projects that by 2030, there will be 4.9 billion middle-class people worldwide, up from 1.8 billion in 2009. By 2030, it is anticipated that 66% of the world's middle-class people will reside in Asia. People in developing nations like China and India are now able to buy ENT devices with cutting-edge technology, which is boosting the market's expansion.

Furthermore, a number of prospects for the expansion of this market exist in emerging nations due to factors like laxer regulatory standards, growing urbanization, better healthcare facilities, rising disposable income, and an ageing older population. Several industry players are concentrating on increasing their market presence in developing countries in order to take advantage of the potential opportunities in the ENT devices market. In this regard, Intersect ENT received CE Mark approval for PROPEL Contour in May 2021 for patients who had frontal sinus surgery and developed chronic rhinosinusitis. If these items are approved, market participants will be able to expand their product offers in developing areas. Emerging economies throughout the forecast period create new income pockets for market competitors due to the aforementioned causes.

Market Restraints

Reducing healthcare costs has become one of the main priorities for healthcare systems during the past ten years. This is accomplished through the implementation of price controls, competitive pricing, bidding, tender mechanics, coverage and payment policies, the relative efficacy of therapies, technology assessments, and managed-care agreements. Healthcare providers have allied themselves with group purchasing organizations and integrated health networks that bargain for the bulk purchase of medical devices in response to mounting pressure to lower healthcare costs. The tendency toward bulk purchasing puts more pressure on prices and reduces players' profit margins, especially for small- and medium-sized producers who have a constrained selection of ENT devices.

Competitive Landscape

Key Players

The prominent players operating in this market include Karl Storz Gmbh & co. KG (Germany), Medtronic plc (Ireland), Stryker Corporation (US), Smith & Nephew plc (UK), Olympus Corporation (Japan), Acclarent, inc. (a subsidiary of Johnson & Johnson) (US), Cochlear Limited (Australia), Hoya Corporation (Japan), GN Store Nord (Denmark), Welch Allyn (Hill-Rom Holding Inc.) (Denmark), etc.

1. Report Description of the APAC Diabetes Devices Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. APAC Diabetes Devices Market Executive Summary
2.1 APAC Diabetes Devices Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of APAC Diabetes Devices Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. APAC Diabetes Devices Market Segmentation

4.1 By Product Type
4.1.1 Diagnostic Devices
4.1.2 Surgical Devices
4.1.3 Hearing Aids
4.1.4 Hearing Implants
4.1.5 Co2 Lasers
4.1.6 Image-Guided Surgery Systems

4.2 By Diagnostic Devices Type
4.2.1 Endoscopes
4.2.2 Hearing Screening Devices

4.3 By Surgical Device Type
4.3.1 Powered Surgical Instruments
4.3.2 Radiofrequency (RF) Handpieces
4.3.3 Handheld Instruments
4.3.4 Balloon Sinus Dilation Devices
4.3.5 ENT Supplies
4.3.6 Ear Tubes
4.3.7 Voice Prosthesis Devices

4.4 End Users
4.4.1 Hospitals and Ambulatory Settings
4.4.2 Home Use
4.4.3 ENT Clinics

5. APAC Diabetes Devices Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in APAC
8.2 Regulatory Framework in APAC
8.3 Pricing & Reimbursement Scenario in APAC Diabetes Devices Market

9. Factors Driving Future Growth
9.1 New Trends and Development APAC Diabetes Devices Market
9.2 Future Opportunities

10. Strategic Recommendations

ENT Device Market Segmentation

The ENT Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Diagnostic Devices
  • Surgical Devices
  • Hearing Aids
  • Hearing Implants
  • Co2 Lasers
  • Image-Guided Surgery Systems

By Diagnostic Devices (Revenue, USD Billion):

  • Endocsopes
  • Hearing Screening Devices

By Surgical Device (Revenue, USD Billion):

  • Powered Surgical Instruments
  • Radiofrequency (RF) Handpieces
  • Handheld Instruments
  • Balloon Sinus Dilation Devices
  • ENT Supplies
  • Ear Tubes
  • Voice Prosthesis Devices

By End Users (Revenue, USD Billion):

  • Hospitals and Ambulatory Settings
  • Home Use
  • ENT Clinics

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue 
subscribe to our newsletter
up