Italy Ent Devices Market Size & Outlook, 2023-2030
Italy ent devices market, 2018-2030 (US$M)
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Italy ent devices market highlights
- The Italy ent devices market generated a revenue of USD 864.4 million in 2023 and is expected to reach USD 1,258.5 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.5% 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 864.4 million |
| Market revenue in 2030 | USD 1,258.5 million |
| Growth rate | 5.5% (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, Italy accounted for 3.3% 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 Europe, Germany ent devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,158.1 million by 2030.
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ENT Devices Market Scope
ENT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 68.34% in 2023. Horizon Databook has segmented the Italy 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.
As per EuroTrak Italy 2015 survey, 13.6% of the Italians say that they are living with hearing loss. Only 25.2% of those who have a hearing loss use hearing aids. In addition, according to the Italian statistics office, 16.5% of people aged 15 and above live with moderate hearing loss, while 4.2% are affected by severe hearing loss.
Around 35.6% of Italians aged over 65 have moderate hearing loss and 12% suffer from severe hearing loss. Increasing number of minimally invasive surgeries, favorable reimbursement scenario, increasing prevalence of ENT disorders are the major factors contributing to the market growth. For instance, Italians with a hearing loss are protected by the public national health system.
This means that hearingimpaired Italians can receive free of charge hearing aids within specific limits. The public health system has an authorization list of different models of hearing aids to choose from. However, in 2020 due to sudden onset of COVID-19 pandemic, most countries including Italy have put surgeries on hold, which might hamper the growth of ENT devices market in Italy.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy ent devices market , including forecasts for subscribers. This country databook contains high-level insights into Italy ent devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy ent devices market size, by product, 2018-2030 (US$M)
Italy ENT Devices Market Outlook Share, 2023 & 2030 (US$M)
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