The “Global Tinnitus Drug Market” report estimates CAGR values for the historic year 2017, the base year 2018 and for the forecast period between the years 2019-2026. This market report also provides information about the brand awareness, market landscape, possible future issues, industry trends and customer behavior for the Pharmaceutical industry.
Some of the major competitors currently working in the global tinnitus drug market are Pfizer Inc, Teva Pharmaceutical Industries Ltd, Mylan N.V., Sun Pharmaceutical Industries Ltd., Novartis AG, Mallinckrodt, Abbott, Bayer AG, GlaxoSmithKline plc, Sound Pharmaceuticals, Merz Pharma, Amneal Pharmaceuticals LLC, Zydus Pharmaceuticals, Inc, Lupin Pharmaceutical, Inc., Torrent Pharmaceuticals Ltd, AA Pharma Inc, Sanofi, Hikma Pharmaceuticals PLC and many others.
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This Global Tinnitus Drug Market report handles market research of the Pharmaceutical industry by considering several parameters that are involved in the business growth. This market report lends a hand to Pharmaceutical industry by giving actionable market insights and comprehensive market analysis.
Global Tinnitus Drug Market report gives explanation about the particular study of the Pharmaceutical industry with respect to market definition, market segmentation, key developments in the market, competitive analysis and research methodology with excellent tools and techniques. In addition, the Global Tinnitus Drug Market report also brings into focus the new highs that will be made by the Pharmaceutical industry in the forecast period 2019-2026.
Global Tinnitus Drug Market By Type (Subjective Tinnitus, Neurological Tinnitus, Somatic Tinnitus, Objective Tinnitus), Therapy Type (Cognitive Behavioral Therapy, Tinnitus Retraining Therapy), Treatment Type (Medication and Surgery), Drug Class Type (Antidepressant Drugs, Antianxiety Drugs), Route of Administration (Oral and Injectable), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Tinnitus is defined as condition in which person consciously perceive ringing sensation, buzzing, hissing, chirping or any other sounds ranging from any music to human voice. The condition is often worse when surrounding is not too loud.
According to the statistics compiled in the American Tinnitus Association, it was estimated the total population of tinnitus in the United States were over 45 million. The male population is affected more often than female. Exposure to loud workplace environment such as construction sites, glass making industries and transportation and prevalence of loud music lovers are the key factors for market growth.
Growing aging population as age related hearing loss is prone to developing tinnitus
Increase in cases of tinnitus population is driving the market growth
Increase of workers involved in loud workplace such as textile industries, glass making industries, mining and construction
Ongoing clinical trial studies being carried out by many pharmaceuticals industries
Key Developments in the Market:
In June 2019, Otonomy Inc. initiated phase II trial for a lead candidate OTO-313. A sustained-exposure formulated of the N-Methyl-D-Aspartate (NMDA) receptor and antagonist gacyclidine for the treatment of tinnitus is expected to report the results in the first half of 2020. The development of OTO-313 addresses the new significant treatment options for tinnitus
In July 2016, Auris Medical received designation from the FDA for Keyzilen (AM-101), a NMDA receptor antagonist for the treatment of acute peripheral (inner ear) tinnitus. With this designation, sponsors are eligible to receive priority review which allows the sponsors to submit new drug applications facilitating the development and expediting the review process that is intended to treat patient suffering from tinnitus
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Segmentation: Global Tinnitus Drug Market
- Subjective Tinnitus
- Neurological Tinnitus
- Somatic Tinnitus
- Objective Tinnitus
By Therapy Type
- Cognitive Behavioral Therapy
- Tinnitus Retraining Therapy
By Drug Class Type
- Antidepressant Drugs
- Antianxiety Drugs
By Route of Administration
By End User
- Specialty Clinics
- North America
- South America
- Middle East and Africa
Global tinnitus drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tinnitus drug market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global tinnitus drug market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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