Canada Ent Devices Market Size & Outlook, 2023-2030
Canada ent devices market, 2018-2030 (US$M)
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Canada ent devices market highlights
- The Canada ent devices market generated a revenue of USD 877.8 million in 2023 and is expected to reach USD 1,244.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, diagnostic ent devices was the largest revenue generating product in 2023.
- Diagnostic ENT Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ent devices market data book summary
| Market revenue in 2023 | USD 877.8 million |
| Market revenue in 2030 | USD 1,244.7 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ent devices |
| Fastest growing segment | Diagnostic ENT Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic ENT Devices, Surgical ENT Devices, Hearing Aids, Hearing Implants, Nasal Splints |
| Key market players worldwide | Ambu A/S ADR, Cochlear Ltd, Demant A/S, GN Store Nord A/S, Olympus Corp, RION Co Ltd, Smith & Nephew PLC, Sonova Holding AG, Stryker Corp, Karl Storz, Pentax Medical, Richard Wolf, Starkey, Omnicom Group Inc, NICO, Nemera |
Other key industry trends
- In terms of revenue, Canada accounted for 3.4% of the global ent devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ent devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,244.7 million by 2030.
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ENT Devices Market Scope
ENT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada ent devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ent devices market will help companies and investors design strategic landscapes.
Diagnostic ent devices was the largest segment with a revenue share of 65.37% in 2023. Horizon Databook has segmented the Canada ent devices market based on diagnostic ent devices, surgical ent devices, hearing aids, hearing implants, nasal splints covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian ENT devices market is expected to witness growth during the forecast period, which can be attributed to growing preference for minimally invasive surgical procedures, technological advancements, and increasing geriatric population suffering from ENT-related diseases.
According to Audiometry results from the 2012 to 2015 Canadian Health Measures Survey (CHMS), around 40% of adults aged 20 to 79 have at least minor hearing loss in one or both ears. Men are more likely to suffer from hearing loss than women (47% vs 32%).
In November 2019, Sonova Holding AG launched an innovation lab inside Communitech Innovation Hub at Waterloo, Ontario, Canada to accelerate and drive innovation in consumer and medical applications. With hearing instruments moving to multifunctional solutions from single-purpose devices, it is key for Sonova to explore how such solutions can be effortlessly integrated into the lives of consumers.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ent devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada ent devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ent devices market size, by product, 2018-2030 (US$M)
Canada ENT Devices Market Outlook Share, 2023 & 2030 (US$M)
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