The global ENT devices market was valued at $17,439.8 million in 2021, which is set to reach $31,805.3 million by 2030, rising at a CAGR of 6.9% from 2021 to 2030, according to P&S Intelligence. The growing population of older people boosts the demand for these devices since they are more prone to hearing loss and throat & nose problems. According to the WHO, the number of elderly individuals is expected to increase by 15% by 2050.
Furthermore, over the past few years, the healthcare system has seen a paradigm change from traditional surgeries to less-invasive procedures. Oncology, urology, and gastroenterology are among the medical subspecialties where minimally invasive procedures have already become popular. Similarly, this trend has been progressively rising in the ENT profession.