Practice Growth Partner
Growing The Ear, Nose & Throat Physician Practice
By 2030, the market value for Ear, Nose and Throat (ENT) devices is projected to grow to USD 36 billion, says industry reports. With more pathology labs and advances in services and technology, the market size for otolaryngology is expected to grow at a steady pace.
Market Expansion in an Elderly Population
With more elderly in need of ENT services, the market expansion will continue to stimulate. As people age, their decline in immunity prompts ENT issues. Hearing disorders and loss of hearing also create issues in people who then require additional services from ENT physicians. The World Health Organization expects that the geriatric population will continue to grow to more than 16 percent by 2050.
In general, adults, regardless of their age, are showing an increase in the prevalence of ear, nose and throat disorders. ENT physicians have opportunities to grow their practices knowing that more adults require services.
Hearing Loss in Children Also Significant Factor
Leading organizations in the U.S. estimate that three out of 1,000 children born in the U.S. have hearing loss in one or both ears. This, coupled with adults who require hearing implants put the value in the hearing implant segment to be USD 1.9 billion in 2021.
Technology Advancements in ENT Market
Technology advancements for hearing implants and hearing technology for both children and adults influence a growing market opportunity, as well.
Miniaturized hearing aids are set to alter the face of the landscape with these advancements in technology helping to boost revenue in physician practices.
Other technologies like sinus dilation devices will help propel trends in the marketplace, as well. Patients will seek physician practices on the leading edge of these technologies as they also demand more minimally invasive procedures with less painful recovery.
Growing the ENT Physician Practice One Patient at a Time
So, how can an ear, nose and throat physician benefit from advancements in an aging population and also advanced technologies?
Simply, ENT physicians should align with a growth partner like Karma Health. Karma Health is an exclusive physician network of experts who have a proven track record in growth strategies to help practices secure their foundation and implement business strategies to grow.
Our expertise built from decades of experience includes knowledge from a variety of sectors including: digital marketing, legal, health finance, insurance, business, technology solutions, commercial real estate, and much more. We crunch the numbers; we analyze the technology; we assess the health of your practice; and then, we put into action a growth strategy that positions you for success.
Karma Health is more than just marketing. We’re uniquely a growth strategy partner you can’t function without. Give Karma Health the opportunity to show you what we mean and what’s in store for your ENT practice.