LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global ENT devices market report until 2021. This research report also lists 16 other prominent vendors that are expected to impact the market during the forecast period.
The global ENT devices market is likely to grow at a steady pace during the forecast period. The market is well evolved in developed countries and is reaching saturation, especially in the US. However, it has significant opportunities for growth in emerging countries. Vendors are focusing on the development of innovative products as well as software and applications, to develop advanced technological products.
Competitive vendor landscape
Global ENT devices market is characterized by the presence of established players such as Medtronic, Cochlear Limited, OLYMPUS, Smith & Nephew, and Siemens Healthineers in the market. These companies are focusing in the market through the development of innovative and user-friendly products. Other companies such as William Demant Holding, Sonova Holding, Stryker, and Starkey Hearing Technologies - are competing with these companies by developing competitive products keeping in consideration the quality as well.
Neha Noopur, an industry expert at Technavio for research on orthopedics and medical devices, says, “The market is competitive as many regional players are competing with the key players. Regional players can provide their products at a lesser price as compared to global companies, creating a consistent competition in low-end markets. The dominated manufacturers prefer investing in product development and expansion in growing geographical reach. They are dedicated towards manufacturing and delivering innovative products. They are investing extensively in R&D and product development to expand their product portfolio.”
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Top five ENT devices market vendors
Medtronic has many product categories that include advanced surgical technologies, cardiac rhythm, cardiovascular, diabetes, digestive and gastrointestinal, ear nose and throat, general surgery, neurological, respiratory, spinal and orthopedic, urological and urogynecological, patient care, and patient monitoring.
Cochlear provides implantable hearing solutions and has its presence across the globe. The company offers several types of cochlear implants, including Nucleus 6 system and Cochlear Nucleus Aqua+, a silicone sleeve that fits over a Nucleus 6 sound processor.
OLYMPUS provides advanced products, services, technologies, and solutions for early diagnosis and treatment of disease. The company operates through three segments: medical business, scientific solutions business, and imaging business. Medical business includes gastrointestinal and respiratory, general surgery, urology/gynecology, ENT and medical service.
Smith & Nephew
Smith & Nephew is focusing on building platform by acquiring complementary technologies, manufacturing and distribution capabilities in emerging markets. The company has been focusing on the regulatory standards and developing products in accordance with the regulatory standards. They have a remarkable position in orthopedics reconstruction, advanced wound management, sports medicine, trauma, and extremities.
Siemens Healthineers keeps on invigorating their portfolio of medical imaging and lab diagnostics while including new offerings, for example, services, healthcare IT services and consultation – and also advanced technologies in the developing business sector for therapeutic and molecular diagnostics.
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