Report Overview

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia ENT Devices Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Surging demand of advanced ENT devices and systems
         2. Rising healthcare expenditure
         3. Rising number of ENT disorders
      2. Restraints
         1. High cost involved in acquiring and investing in ENT devices
      3. Opportunities
         1. Emergence of new market players
         2. Rising adoption of technological advancements such as AI and ML
      4. Challenges
         1. Increasing pressure of pricing on market players
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia ENT Devices Market Overview
   1. Market Size & Forecast, 2018–2028
      1. By Value (USD Million)
      2. By Volume (Thousand Units)
   2. Market Share & Forecast
      1. By Product
         1. Hearing Aids
         2. Hearing Implants
         3. Diagnostic ENT Devices
         4. Surgical ENT Devices
         5. Nasal Splints
      2. By End User
         1. Hospital
         2. ENT Centers
         3. Clinics
         4. Ambulatory Surgery Centers
         5. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Saudi Arabia ENT Devices Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, and others)
6. Impact of Covid-19 on Saudi Arabia ENT Devices Market
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Medtronic
   2. Basha Group Ltd.
   3. Attieh Medico Ltd
   4. Cochlear Ltd
   5. Karl Storz Gmbh & Co. KG
   6. Olympus Corporation
   7. FUJIFILM Corporation
   8. Hill-Rom Company, Inc.
   9. ReSound
   10. Omnia Health
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation

List of Figures

Figure 1        Saudi Arabia ENT Devices Market Segmentation

Figure 2        Saudi Arabia ENT Devices Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Saudi Arabia ENT Devices Market Size, By Value (USD Million), 2018–2028

Figure 5        Saudi Arabia ENT Devices Market Size, By Volume (Thousand Units), 2018–2028

Figure 6        Saudi Arabia ENT Devices Market Share, By Product, By Value, 2018–2028

Figure 7        Saudi Arabia ENT Devices Market Share, By Product, By Volume, 2018–2028

Figure 8        Saudi Arabia ENT Devices Market Share, By End User, By Value, 2018–2028

Figure 9        Saudi Arabia ENT Devices Market Share, By End User, By Volume, 2018–2028

List of Tables

Table 1         Saudi Arabia ENT Devices Market Size, By Product, By Value (USD Million), 2018–2028

Table 2         Saudi Arabia ENT Devices Market Size, By Product, By Volume (Thousand Units), 2018–2028

Table 3         Saudi Arabia ENT Devices Market Size, By End User, By Value (USD Million), 2018–2028

Table 4         Saudi Arabia ENT Devices Market Size, By End User, By Volume (Thousand Units), 2018–2028

Table 5         Medtronic Company Overview

Table 6         Medtronic Financial Overview

Table 7         Basha Group Ltd. Company Overview

Table 8         Basha Group Ltd. Financial Overview

Table 9         Attieh Medico Ltd Company Overview

Table 10        Attieh Medico Ltd Financial Overview

Table 11        Cochlear Ltd Company Overview

Table 12        Cochlear Ltd Financial Overview

Table 13        Karl Storz Gmbh & Co. KG Company Overview

Table 14        Karl Storz Gmbh & Co. KG Financial Overview

Table 15        Olympus Corporation Company Overview

Table 16        Olympus Corporation Financial Overview

Table 17        FUJIFILM Corporation Company Overview

Table 18        FUJIFILM Corporation Financial Overview

Table 19        Hill-Rom Company, Inc. Company Overview

Table 20        Hill-Rom Company, Inc. Financial Overview

Table 21        ReSound Company Overview

Table 22        ReSound Financial Overview

Table 23        Omnia Health Company Overview

Table 24        Omnia Health Financial Overview