A middle ear infection, typically brought on by bacteria, is an inflammation that develops when fluid behind the eardrum becomes clogged. They may be acute or occasionally chronic. A painful acute ear infection develops over a brief period of time. Chronic ear infections are those that persist for a long period or come and go. Ear infections are more common in children than in adults. Due to swelling and fluid accumulation in the region beneath the eardrum, ear infections can also lead to hearing loss. One of the most typical ailments for which parents send their kids to the doctor is ear infections. As a result, there is an expanding global need for safe and efficient therapy.
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Market Statistics
By the end of 2022, the market for ear infection treatments is anticipated to reach US$ 11,127.2 Mn in value.
Drivers
The worldwide ear infection treatment market is anticipated to expand at a faster rate due to the rising prevalence of acute otitis media (AOM). Children are more vulnerable to middle ear infections than adults are, and acute otitis media is described as an infection of the middle ear. For instance, about 5,000,000 AOM cases in US children are reported annually, according to the American Academy for Pediatrics. The predicted number of acute middle ear infections in the United States in August 2021 was close to 20 million. The need for ear infection treatment in this area is thus anticipated to rise as a result.
Opportunities
The worldwide ear infection treatment market is anticipated to have considerable potential prospects due to the high demand for safe/effective treatments. To fulfil the rising demand, major businesses are concentrating on creating and introducing innovative therapies. Sandoz Inc. officially launched of Ciprofloxacin 0.3% and Dexamethasone 0.1% otic suspension of 7.5mL on the US market in August 2020 to treat bacterial infections of the middle ear and outer ear canal in adults and children 6 months of age and older.
Restraints
One of the main factors anticipated to restrain the growth of the global market for ear infection treatment is the high cost of care and surgical procedure complications. Surgery could be necessary for chronic middle ear infections that persist for three months or more, get worse, or negatively affect quality of life. Hearing issues and, very infrequently, significant and even life-threatening consequences can result from a simple ear infection.
Impact
There are a few symptoms that COVID-19 and ear infections have in common, most notably fever and headache. Even while ear infections are not a typical COVID-19 symptom, researchers discovered that SARS-CoV-2 may infect inner ear cells, which may account for certain COVID-19 patients’ balance and hearing problems. According to a recent study from MIT and Massachusetts Eye & Ear, COVID-19 can infect inner ear cells, including hair cells, which are essential for both hearing and balance. COVID-19 sometimes causes ear infections. People may get ear infections as a result of an infection or as a side effect of the COVID-19-causing SARS-CoV-2 virus. The need for safe and effective treatment is hence anticipated to rise, propelling the development of the market.
Key Takeaways
The market for treating ear infections worldwide was estimated to be worth US$ 10,671.9 Mn in 2021 and is anticipated to grow at a CAGR of 4.3% between 2022 and 2028 to reach US$ 14,345.6 Mn.
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The middle ear infection segment, which accounts for 54.6% of the worldwide market for ear infection treatment in terms of value in 2021, is predicted to increase at a faster rate than other infection types due to rising product approval and new product launches.
Market Trends
The global market for ear infection treatments is anticipated to rise as a result of an increase in product approvals and launches by market participants. For instance, the U.S. Food and Drug Administration (USFDA) in November 2019 authorised a device made by a Johnson & Johnson spinoff to treat recurring ear infections in both adults and children.
The global market for ear infection treatments is anticipated to expand as attention is being paid
to the development of innovative medicines. For instance, EOSERA created two new ear pain relief products in September 2018: Ear Pain MD and Ear Pain MD for Kids. These products are intended to offer quick pain relief for the symptom of ear pain, which is frequently linked to ear infections.
Competitive Landscape
American Diagnostic Corporation, GlaxoSmithKline Plc, Johnson & Johnson, Cipla Ltd., Olympus Corporation, Sanofi, Pfizer Plc, Grace Medical, and Novartis are a few of the major companies competing in the worldwide market for ear infection treatments.
Recent Developments
Sanofi purchased Kadmon Holdings Inc. in November 2021. The acquisition improves the General Medicines portfolio’s growth and expansion even further.
To access and treat difficult-to-reach middle ear illness, Grace Medical, a pioneer in ear, nose, and throat surgical tools with an emphasis on otology, announced in September 2019 that it had acquired EndoEar Endoscopic Instruments. With this purchase, Grace Medical’s position as the industry pioneer in ENT technology and innovation is firmly established.
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Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Ear Infection Treatment, By Infection
- Market Ear Infection Treatment, By Cause
- Market Ear Infection Treatment, By Type
- Market Ear Infection Treatment, By Geography
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- High demand for safe and effective ear infection
- High cost of treatment and complications related to surgical procedures
- Increase in prevalence of ear infection worldwide
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Ear Infection Treatment Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Ear Infection Treatment Market, By Infection, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Inner Ear Infection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Middle Ear Infection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Outer Ear Infection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Ear Infection Treatment Market, By Cause, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Viral Infection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Bacterial Infection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
- Ear Infection Treatment Market, By Type, 2017-2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 – 2028
- Segment Trends
- Medication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
- Introduction
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