NEW
YORK, July 8, 2024 /PRNewswire/ -- The
global ENT laser devices market size is estimated to
grow by USD 130 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 6.78% during the forecast period.
Increasing prevalence of ent disorders is driving market
growth, with a trend towards new product launches by
market vendors. However, high costs associated with ent
surgeries poses a challenge. Key market players include
Anthony Products Inc., ARC Laser GmbH, Asclepion Laser Technologies
GmbH, biolitec AG, Boston Scientific Corp., Danaher Corp., El.En.
S.p.A., Fotona d.o.o, Gebruder Martin GmbH and Co. KG, GNS neoLaser
Ltd., IRIDEX Corp., LightScalpel Inc., Limmer Laser GmbH, Modulight
Inc., Olympus Corp., OmniGuide Holdings Inc., Shanghai Fosun
Pharmaceutical Group Co. Ltd., Smith and Nephew plc, Wuhan Dimed
Laser Technology Co. Ltd., and Wuhan Gigaa Optronics Technology Co.
Ltd..
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Ent Laser Devices
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.78%
|
Market growth
2024-2028
|
USD 130
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
6.24
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
41%
|
Key
countries
|
US, UK, Germany, China,
and Canada
|
Key companies
profiled
|
Anthony Products Inc.,
ARC Laser GmbH, Asclepion Laser Technologies GmbH, biolitec AG,
Boston Scientific Corp., Danaher Corp., El.En. S.p.A., Fotona
d.o.o, Gebruder Martin GmbH and Co. KG, GNS neoLaser Ltd., IRIDEX
Corp., LightScalpel Inc., Limmer Laser GmbH, Modulight Inc.,
Olympus Corp., OmniGuide Holdings Inc., Shanghai Fosun
Pharmaceutical Group Co. Ltd., Smith and Nephew plc, Wuhan Dimed
Laser Technology Co. Ltd., and Wuhan Gigaa Optronics Technology Co.
Ltd.
|
Market Driver
Vendors in the global ENT laser devices market are expanding
their product offerings by launching new regulatory-approved
products. These approvals enable vendors to increase their
geographic reach and sales revenue. For instance, OmniGuide's new
OTO-U CO2 laser system fiber for ENT and otology surgery, which
received US FDA clearance in January
2021, allows surgeons to access tighter spaces and enhance
procedural outcomes. Similarly, A.R.C Laser's April 2021 launch of the next-generation TruBlue
Laser technology for ENT applications like laryngeal cancer expands
their laser system portfolio. Such product launches are anticipated
to fuel market growth during the forecast period.
The Ent Laser Devices Market is experiencing significant growth
due to increasing demand from major health insurers like Aetna,
Cigna, Humana, Kaiser Permanente, TRICARE, Health Net, and
Medicaid. This growth is driven by the rising prevalence of chronic
sinusitis and rhinosinusitis, as well as ear disorders such as
deafness. Laser technology, including Co2 Lasers, is becoming
increasingly popular in Otolaryngology due to its minimal invasion,
minimal bleeding, and atraumatic experience. Key segments in the
Ent Laser Devices Market include Hearing Aids, Diagnostic Devices,
Surgical Devices, and Hearing Implants. The Hearing Aids segment is
expected to dominate due to the large number of patients requiring
hearing assistance. The Endoscopes segment is also gaining traction
due to its use in cosmetic ENT surgeries and minimal invasive ENT
surgeries. Excise duty on medical devices is a concern for market
players, but the potential for cost reduction in healthcare makes
up for it. Types of lasers used include Co2 Lasers, known for their
precise cutting and zone of coagulation, reducing bleeding during
incisions and treatment. Home use devices and ENT Clinics are also
driving market growth. Overall, the Ent Laser Devices Market is
poised for continued growth in the coming years.
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Market Challenges
- The high costs of ENT surgeries and subsequent rehabilitation
programs can significantly impact the adoption of ENT laser
devices. For instance, the cost of laryngeal cancer surgery ranges
from USD30,000 to USD45,000, followed by chemotherapy, which costs
an average of USD3,000 to
USD5,000. Endoscopic sinus surgery,
another common ENT procedure, costs between USD7,000 and USD15,000, with a nasal endoscopy preceding the
surgery, costing an average of USD500
to USD900. In many developing and
underdeveloped countries, ENT surgeries are not covered by
insurance, leading patients to opt for pharmaceutical drugs
instead. This trend can hinder the growth of the ENT laser devices
market as patients may prefer less expensive alternatives. The high
cost of these devices, which ranges from USD4,500 to USD35,000 for new products and USD10,000 to USD22,000 for refurbished ones, can be a
significant barrier for Tier-2 and Tier-3 end-users. While
refurbished devices offer cost savings, the lack of maintenance and
servicing can pose risks to patients. Therefore, the high costs
associated with ENT surgeries and the availability of substitutes
can pose challenges to the growth of the ENT laser devices
market.
- The ENT (Ear, Nose, and Throat) surgery market for lasers is
experiencing significant growth due to the advantages of minimal
invasion, minimal bleeding, and an atraumatic experience for
patients. Two common types of lasers used in ENT surgeries are
carbon dioxide lasers, known for their precise cutting and zone of
coagulation, and Nd:YAG lasers, which are effective in treating
juvenile papillomas and vocal fold lesions, including vocal cord
carcinomas and recurrences. However, challenges persist in this
market, such as product recalls, stringent regulations, and
compliance with safety norms and regulatory requirements. These
challenges increase the time and cost of treatment, which may
impact healthcare expenditure. Some common ENT procedures include
sinusitis treatment using balloon sinus dilation and endoscopic
sinus surgery, as well as tongue suspension and hyoid suspension
for obstructive sleep apnea. Prominent players in the market
include Medicare and Geriatric population, who benefit from
favorable reimbursements. Other market players include those
offering inferior turbinoplasty procedures. Medical laser
technology continues to evolve, with surgical navigation and
advanced laser systems offering new opportunities for minimally
invasive therapies. Despite these advancements, challenges remain,
including the risk of blood loss and potential need for blood
transfusions, as well as irradiation therapy and its associated
risks.
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Segment Overview
This ent laser devices market report extensively covers market
segmentation by
- Product
- 1.1 Gas lasers
- 1.2 Solid and semiconductor-based lasers
- Application
- 2.1 Sinusitis
- 2.2 Tonsillitis
- 2.3 Throat and mouth cancer
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Gas lasers- The Ent Laser Devices Market is
experiencing significant growth due to the increasing prevalence of
ENT disorders such as snoring, nasal obstruction, and ENT cancers.
Gas lasers, a type of medical laser, are gaining popularity in the
market for their precision and effectiveness in treating these
conditions. These lasers use gases like CO2, Argon (Ar), and
helium-neon (He-Ne) to produce coherent light for cutting,
coagulating, or removing tumors. CO2 gas is the most commonly used
gas due to its precise cutting properties and reduced
complications. The market is driven by the increasing number of
people diagnosed with conditions like laryngeal cancer, which can
be treated using gas laser devices. Vendors are focusing on
developing innovative products with advanced imaging technology and
user-friendly interfaces to improve surgical accuracy. For
instance, Alma Lasers' Pixel CO2 laser offers computerized
precision and a touchscreen LCD for easy operation. Limmer Laser's
CO2 Laser UNILAS Touch is a fourth-generation gas laser with
UltraSharp laser technology and New SolidBench technology for
better alignment. These technological advances increase patient
compliance and drive the adoption of gas laser devices further,
contributing to the growth of the Ent Laser Devices Market.
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geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Ent Laser Devices Market is experiencing significant growth
due to the increasing adoption of laser technology in Ent Surgery.
Minimal invasion, minimal bleeding, and an atraumatic experience
are key benefits of using lasers in Ent Surgeries. Sinusitis, a
common condition affecting millions, particularly in the geriatric
population, is a major indication for the use of laser devices in
Ent Surgery. Favorable reimbursements from insurance companies like
Medicare, Aetna, Cigna, Humana, and Kaiser Permanente are also
driving market growth. Types of lasers used in Ent Surgery include
CO2, Nd:YAG, and Er:YAG lasers. Balloon sinus dilation and
endoscopic sinus surgery are common procedures utilizing laser
technology. Surgical navigation systems and devices for tongue
suspension (hyoid suspension) for Obstructive Sleep Apnea are also
gaining popularity. Otolaryngology, the medical specialty dealing
with ear, nose, and throat conditions, is the primary consumer of
Ent Laser Devices. Cosmetic Ent surgeries and inferior
turbinoplasty procedures are other growing indications. Laser
technology continues to revolutionize Ent Surgery, offering faster
recovery times and improved patient outcomes.
Market Research Overview
Ent Laser Devices Market: Overview The Ent Laser Devices Market
refers to the industry that produces and supplies laser systems and
devices used in Ent Surgery. These devices leverage medical laser
technology to offer minimal invasion, minimal bleeding, and an
atraumatic experience for patients. The market caters to various
Ent conditions such as juvenile papilloma, vocal fold lesions, and
vocal cord carcinomas, among others. Types of Lasers: Carbon
Dioxide (CO2) lasers are commonly used in Ent Surgery for their
precise cutting ability and zone of coagulation, which minimizes
bleeding during incisions. Other lasers include Nd:YAG, Er:YAG, and
diode lasers, each with unique properties suitable for specific Ent
treatments. Minimally Invasive Therapies: Minimally invasive
therapies, such as balloon sinus dilation and endoscopic sinus
surgery, are gaining popularity due to their reduced recovery time
and complications. Surgical navigation and advanced endoscopes
segment are also driving growth in this market. Regulations and
Challenges: Stringent regulations and product recalls pose
challenges to the Ent Laser Devices Market. Compliance with
regulatory requirements and safety norms is essential to ensure
patient safety and market acceptance. Factors like blood loss,
blood transfusion, and healthcare cost reduction also influence
market dynamics. Applications: Ent Laser Devices are used in
various applications, including sinusitis treatment, obstructive
sleep apnea therapies, and cosmetic ENT surgeries. The geriatric
population's increasing need for healthcare and favorable
reimbursements from insurance companies, such as Medicare, Aetna,
Cigna, Humana, Kaiser Permanente, TRICARE, Health Net, Medicaid,
and others, contribute to market growth. Market Segments: The Ent
Laser Devices Market is segmented into Hearing Aids, Diagnostic
Devices, Surgical Devices, Hearing Implants, and Co2 Lasers. The
Endoscopes segment and Home Use devices are also gaining traction.
Ent Clinics and Otolaryngology practices are significant consumers
of these devices. Innovations and Trends: Advancements in medical
laser technology continue to drive innovation in the Ent Laser
Devices Market. New product launches, collaborations, and
partnerships are expected to shape the market landscape. The
One-child policy and ear disorder-related healthcare expenditures
in China and other emerging
markets are potential growth opportunities. Market Size and
Forecast: The Ent Laser Devices Market is expected to grow at a
significant CAGR during the forecast period, driven by increasing
healthcare expenditure, favorable reimbursements, and the rising
prevalence of chronic sinusitis, chronic rhinosinusitis, and other
Ent conditions. Excise duty and hearing aid segment growth are also
contributing factors. Conclusion: The Ent Laser Devices Market is a
dynamic and evolving industry that offers significant growth
opportunities. Its ability to address various Ent conditions,
minimize invasiveness, and improve patient outcomes makes it an
essential component of modern healthcare systems. Continuous
innovation and regulatory compliance will be crucial to the
market's success.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Gas Lasers
- Solid And Semiconductor-based Lasers
- Application
-
- Sinusitis
- Tonsillitis
- Throat And Mouth Cancer
- Others
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio