Increasing awareness among geriatric population about the ENT devices and the growing demand for hearing aid devices are projected to augment the growth of Saudi Arabia ENT devices market in the forecast period, 2023-2027.
According to TechSci Research report, “Saudi Arabia ENT Devices Market By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia ENT devices market is expected to witness steady growth in 2023-2027. Numerous factors, including aging and sinusitis, affect the normal function of ENT organs. ENT is considered one of the most significant branches of medical science, primarily focused on diagnosing and treating the various problems associated with the ear, nose, and throat. The escalating demand for advanced diagnostic and surgical ENT devices significantly contributes to the growth of Saudi Arabia ENT devices market. These devices aid clinicians in diagnosing and treating ear, nose, and throat conditions more accurately and effectively. Several initiatives have been taken by government authorities aimed at spreading awareness about hearing loss, and its treatments are projected to propel the Saudi Arabia ENT devices market. ENT device manufacturers heavily invest in technologies to develop user-friendly and noninvasive equipment.
However, the high purchasing cost of ENT devices may restrain the growth of Saudi Arabia ENT devices market for the forecast period.
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The Saudi Arabia ENT devices market is segmented into type, end user, regional distribution, and competitive landscape.
Based on type, the market is segmented into diagnostic devices, surgical devices, hearing aid devices, hearing implants, nasal splints, and others. The hearing aid devices segment holds the largest market share on account of the expanding geriatric population associated with hearing loss problems. A hearing aid device represents an electronic device worn in or behind the ear. It makes sounds louder so that a person with hearing loss can listen, communicate, and participate fully in day-to-day activities. The escalating demand for hearing aid devices from senior citizens suffering from numerous ENT-related ailments has propelled the market growth. The growing availability of superior quality hearing aids will reduce the chance of acquiring dementia and improve cognitive learning. Also, hearing aids minimize irritation associated with tinnitus, which urges people to adopt hearing aid devices suffering from hearing loss problems.
Based on end user, the market is segmented into hospitals, ENT clinics, ambulatory care settings, and others. ENT clinics are expected to capture the largest market share in the forecast period. Clinics provide all required facilities to the patients to give the patient the best and most economical treatment as well as a positive environment. Hospitals also offer numerous diagnostic procedures and treatment options with advanced equipment and novel technologies.
Key market players operating in the Saudi Arabia ENT devices market are:
- Sonova Group
- Medtronic
- Basha Medical Group
- Attieh Medico Ltd
- Cochlear Limited
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“The technological advancement in smart products such as hearing aids and amplifiers that can be accessed through mobile devices for improved tracking of mental health and hearing and optimized conversations is anticipated to bolster the market growth. With the launch of the next-generation integrated ear, nose, and throat devices, an error has been removed to a larger extent, further propelling the Saudi Arabia ENT devices market growth. The growing aging population and increased prevalence of ENT disorders such as hearing loss is expected to propel the demand for the Saudi Arabia ENT devices market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.
“Saudi Arabia ENT Devices Market By Type (Diagnostic Devices, Surgical Devices, Hearing Aid Devices, Hearing Implants, Nasal Splints, Others), By End User (Hospitals, ENT Clinics, Ambulatory Care Settings, Others), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of Saudi Arabia ENT devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in Saudi Arabia ENT devices market.
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