05-Aug-2022 | Zion Market Research
The global ear infection treatment market size was worth around USD 10.1 billion in 2021 and is estimated to grow to about USD 13.5 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.9 percent over the forecast period. The report analyzes the ear infection treatment market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the ear infection treatment market.
An ear infection occurs when a viral or bacterial infection affects the outer, middle, and inner ear. Ear infections can hurt because of fluid build-up and inflammation in the ear. Acute ear infections can cause discomfort and mild pain in the ear. However, chronic cases can cause loss of body balance, drainage of fluids from the ear, headache, severe pain, and even hearing loss in some cases. An increase in the number of ear infection patients due to allergies, cold, excess mucus, smoking, sinus infections, and changes in air pressure is increasing the demand for ear infection treatments.
The rise in demand for laparoscopy procedures because of the stimulation provided by the governments is the major factor promoting the growth of the global ear infection treatment market. The risk of ear infection is higher in children as they have narrow and short Eustachian tubes. Hence, more than 80% of children face acute ear infections at some point in their developing years. Therefore, the demand for ear infection treatment is high for children. As well as recent R&D will also boost the market. At the same time, the high cost of certain ear treatment services makes it difficult for the patient to afford and hence acts as a major challenge for the ear infection treatment market.
The global ear infection treatment market is segregated based on type, pathogens, treatment, end user, and region. Based on type, the market is divided into inner, outer, and middle ears. Among these, the middle ear segment dominated the market, accounting for a major part of global sales in 2021. Based on pathogens, the market is classified into bacteria, viruses, and others. Over the forecast period, bacteria are expected to be the major cause of ear infections. Based on treatment, the market is classified into surgery, drugs, and others. The surgery segment dominates the market, accounting for most of the revenue in 2021. Based on end-user, the market is segmented into hospitals, clinics, and others. The hospital was the dominant segment in the market in 2021.
The global ear infection treatment market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the global ear infection treatment market in 2021 and accounted for more than 25 percent of the global revenue. The ear infection treatment market in the U.S. is driven by the growing behavioral risk factor of smoking, increasing product launches for treating ear infections, and an increasing number of ear infections. According to an article published in March 2021 by National Institute on Deafness and Other Communication Disorders, five out of six children in the U.S. experience ear infection by 3 years of age. Thus, the increasing rate of ear infections in the country is projected to promote the growth of the ear infection treatment market in the region.
Key players in the global ear infection treatment market include American Diagnostic Corporation, Pfizer Inc., Heine USA Ltd., Torque Pharmaceuticals Pvt. Ltd., Medtronic, Intersect ENT, Inc., Olympus Corporation, and Grace Medical.
Browse the full “Ear Infection Treatment Market By Type (Inner Ear, Middle Ear, Outer Ear), Pathogen (Bacteria, Viruses, Others), By Treatment (Drugs, Surgery, Others), By End-User (Hospitals, Clinics, Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/ear-infection-treatment-market
Global Ear infection Treatment Market is segmented as follows:
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