Report Overview

Growing geriatric population with ENT (ear, nose, throat) disorders, increasing healthcare budget, high adoption of technology advancements, and emergence of new market players are projected to propel the expansion of Saudi Arabia ENT Devices Market at an impressive growth rate during the forecast period 2022 and 2028.

Saudi Arabia ENT Devices Market - Industry Trends & Forecast Report, 2028

Saudi Arabia ENT (Ear, Nose, Throat) devices market size is expected to expand at a steady CAGR of 7.4% during the forecast period between 2022 and 2028. Major growth factors of Saudi Arabia ENT devices market include surging demand for improved diagnostic and surgical ENT equipment, surging demand for minimally invasive ENT procedures, increasing healthcare expense, and growing number of ENT disorders, and emergence of new market players. ENT is regarded as one of the most important disciplines of medical science, largely concerned with diagnosing and treating issues involving the ear, nose, and throat. ENT devices assist clinicians in more precisely and successfully identifying and treating ear, nose, and throat disorders. Several government initiatives focused at raising awareness about hearing loss and related remedies are expected to push Saudi Arabia ENT devices market. In addition, ENT device manufacturers make significant investments in technology to create user-friendly and noninvasive equipment, which is expected to further boost the Saudi Arabia ENT devices market during the period in analysis.

Saudi Arabia ENT Devices Market

Growth Drivers

Surging demand of advanced ENT devices and systems

Artificial intelligence (AI), machine learning (ML), and other IoT-based (Internet of Things) technologies are increasingly being integrated into ENT devices. The application of technology has facilitated problem detection and therapy. These advancements have made device mobility increasingly user-friendly. The ENT devices market is likely to expand due technological improvements, successful product launches, and regulatory approvals. Future technological developments in bronchoscopy instruments, as well as infrastructural modifications in the medical and healthcare industries, are predicted to accelerate the growth Saudi Arabia ENT devices market.

Restraints

High cost involved in acquiring and investing in ENT devices

The difficulty of communicating with voice prostheses, as well as the high initial cost of ENT devices, are two of the most major challenges limiting the growth of Saudi Arabia market for ENT devices. Reduced hearing aid battery life and a shortage of educated experts to fit and dispense ENT devices may limit the growth of Saudi Arabia ENT devices market.

Impact of COVID-19 on Saudi Arabia ENT Devices Market

COVID-19 had a detrimental effect on Saudi Arabia ENT Devices Market due to worldwide closure of ENT clinics and the cessation of elective surgical operations in hospitals pushed down ENT product sales in the worst-affected in 2020. The mobility restrictions imposed in most markets hampered the overall sector. Audiology stores, for example, the principal consumer channel for hearing care treatments and supplies, are either operating with severely reduced hours or have been closed down. However, the commencement of surgical treatments and company business operations within the guidelines provided is projected to boost growth in the future years. Furthermore, ENT-related surgical volumes recovered quickly which in turn has increased demand for ENT products.

Saudi Arabia ENT Devices Market

Segmental Coverage

Saudi Arabia ENT Devices Market – By Product

Based on product, Saudi Arabia ENT devices market is divided into Hearing Aids, Hearing Implants, Diagnostic ENT Devices, Surgical ENT Devices, and Nasal Splints segments. The hearing aids segment dominates the market due to growing geriatric population associated with hearing impairment. The increasing availability of high-quality hearing aids will minimize the risk of dementia and boost cognitive learning. In addition, hearing aids reduce the annoyance associated with tinnitus, which encourages persons suffering from hearing loss to use hearing aid devices.

Saudi Arabia ENT Devices Market – By End User

Based on end user, Saudi Arabia ENT devices market is segmented into Hospital, ENT Centers, Clinics, and Ambulatory Surgery Centers. The ambulatory surgery centers held the highest market share as they provide patients with same-day surgical options, thereby saving the patient and physician time. The ENT centers segment is expected to hold the second highest market share, due to provision of all required facilities and economical treatments to enhance patient experience. The hospital segment holds the third highest market share, as hospitals offer diverse diagnostic procedures and treatments with cutting-edge equipment and innovative technologies.

Competitive Landscape

Major players operating in Saudi Arabia ENT Devices Market include Medtronic, Basha Group Ltd., Attieh Medico Ltd, Cochlear Ltd, Karl Storz Gmbh & Co. KG, Olympus Corporation, FUJIFILM Corporation, Hill-Rom Company, Inc., ReSound, and Omnia Health. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In April 2021 - Hillrom introduced the new Welch Allyn PanOptic Plus Ophthalmoscope and the Welch Allyn MacroView Plus Otoscope.

Scope of the Report

By Product

• Hearing Aids

• Hearing Implants

• Diagnostic ENT Devices

• Surgical ENT Devices

• Nasal Splints

By End User

• Hospital

• ENT Centers

• Clinics

• Ambulatory Surgery Centers