Saudi Arabia ENT Devices Market to grow with a CAGR of 7.78%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia ENT Devices Market.
According
to TechSci Research report, “Saudi Arabia ENT Devices Market Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia ENT Devices
Market has valued at USD 385.65 million in 2022 and is anticipated to witness
an impressive growth in the forecast period with a CAGR of 7.78% through 2028.
This can be due to collaborations and partnerships among leading companies with
a diverse approach to merge the expertise of individual companies and to
strengthen their position in the market.
Healthcare access expansion is a significant
driver of the demand for ENT (Ear, Nose, and Throat) devices. When healthcare
services become more accessible, patients are more likely to seek medical
evaluation for ENT conditions. This leads to an increased number of diagnoses,
driving the demand for diagnostic ENT devices, such as endoscopes and imaging
equipment. Access to healthcare facilities and specialists allows for early
intervention in the case of ENT conditions. Early detection and treatment often
lead to better outcomes, and this can involve the use of various ENT devices
for effective treatment. Expanding access to audiology and hearing health
services ensures that individuals with hearing loss or related conditions can
receive timely assessments and recommendations for hearing aids and assistive
listening devices. For chronic ENT conditions, such as chronic sinusitis and
allergies, access to specialists and treatment facilities is crucial. Patients
with ongoing symptoms may require ENT devices to manage their conditions
effectively.
The
expansion of telehealth services allows patients to consult with ENT
specialists remotely, improving access to expert care. Tele-audiology services
also enable patients to receive assessments and recommendations for hearing
devices. Healthcare access expansion is particularly beneficial in rural and
underserved areas. ENT conditions can affect individuals in these regions just
as much as in urban areas, and improved access ensures that they have access to
the necessary devices and treatments.
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In March 2023, Dallah Hospital Namar in Riyadh is a
prominent healthcare facility known for its integrated healthcare services
catering to ENT (Ear, Nose, and Throat) patients. The hospital is dedicated to
delivering high-quality medical care with a strong commitment to
professionalism and teamwork. They uphold the responsibility of providing
healthcare services at the highest standard, aligning with advanced industry
norms. The hospital places the diverse needs of its patients from all social
backgrounds at the forefront of its priorities. It operates with a
patient-centred approach, ensuring effective medical services that meet the
expectations of both the individual patient and society. The ENT clinic at
Dallah Hospital Namar specializes in the treatment of vocal cord and sinus
infections using endoscopic techniques. It also offers therapies for middle ear
infections, tonsillitis cases, and chronic ear infections. The clinic provides
comprehensive diagnostic and therapeutic services for patients of all ages,
addressing various acute and chronic conditions.
Reimbursement
policies present a challenge in the Saudi Arabia ENT (Ear, Nose, and Throat)
Devices Market. Reimbursement policies can be complex and vary among different
healthcare providers and insurance companies. This can create uncertainty for
patients and healthcare providers regarding which ENT devices are covered and
to what extent. Some ENT devices may not be fully covered by reimbursement
policies or may have limited coverage, leaving patients to bear a significant
portion of the costs. This can deter patients from pursuing certain devices or
treatments. Reimbursement policies often require a lengthy approval and
authorization process. This can delay patient access to necessary ENT devices,
which may be especially problematic for conditions requiring timely
intervention. For certain ENT devices, prior authorization from insurance
providers may be required. This can be a time-consuming process that delays
treatment and device procurement. The criteria used by insurance companies to
determine coverage for ENT devices can vary, leading to inconsistencies in
access to care. This can be challenging for patients and healthcare providers
who must navigate these differences.
Saudi Arabia ENT Devices Market is segmented based
on Type, End-User, and by region.
Based on the Type, Saudi Arabia ENT Devices Market
is segmented into Diagnostic Devices, Surgical Devices, Hearing Aid Devices,
Hearing Implants, Nasal Splints, Others. Nasal splints are medical devices
designed to provide support and stabilization to the nasal structures,
particularly the nasal septum, which is the wall of cartilage and bone that
separates the two nostrils. They are commonly used in the field of
Otorhinolaryngology (ENT) to treat and manage various conditions that affect
the nose and nasal passages. Nasal splints can be made from different
materials, including silicone, plastic, or absorbable materials, and come in
various shapes and sizes to suit the specific needs of the patient. Nasal
splints are inserted into the nostrils, where they help maintain the correct
position of the nasal septum and other nasal structures. They provide
stability, prevent displacement, and promote optimal healing. Nasal splints can
be made from various materials. Silicone splints are often used for their
flexibility and comfort. Absorbable splints gradually dissolve over time,
eliminating the need for removal after surgery. Plastic or rigid splints may be
used in specific cases.
Based on Region, Northern & Central region held the largest share in the Saudi Arabia
ENT Devices Market. The Saudi government has been focusing on developing
healthcare infrastructure in these regions, with significant investments in
medical facilities, research centers, and specialized healthcare services,
further driving the demand for ENT devices. Saudi Arabia attracts medical
tourists, and many of these visitors seek specialized healthcare services in
the Northern and Central regions. This international patient influx can
stimulate demand for ENT devices. ENT specialists and clinics are more
prevalent in these regions, which naturally increases the utilization of ENT
devices. Patients often seek treatment from these specialists for various ear,
nose, and throat conditions.
Some
of the major companies operating in the Saudi
Arabia ENT Devices Market include:
- Olympus
Corporation
- Medtronic
Saudi Arabia Plc.
- Basha
Medical Group
- Attieh
Medico Ltd
- KARL
STORZ SE & Co. KG
- Smith
& Nephew Saudi Arabia Plc
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“Certain areas, particularly in North
America, are projected to exert significant demand for ENT Devices. The growth
in the competitive landscape and the presence of well-established companies in
the market, committed to enhance the overall wellbeing of people each year, are
expected to contribute to a remarkable growth of the Saudi Arabia ENT Devices
Market in the forecast period," said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based Global management consulting firm.
Saudi Arabia
ENT Devices Market by Type (Diagnostic Devices, Surgical Devices, Hearing Aid
Devices, Hearing Implants, Nasal Splints, Others), By End User (Hospitals, ENT
Clinics, Ambulatory Care Settings, Others), By
Region, By Competition Forecast
& Opportunities, 2018-2028F has
evaluated the future growth potential of Saudi Arabia ENT Devices Market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia ENT Devices Market.
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