Ear Infection Treatment Market to Expand at a CAGR of ~5 ... - Digital Journal

Global Ear Infection Treatment Market Key Insights

During the forecast period of 2023-2035, the global ear infection treatment market is expected to reach an estimated value of ~USD 15,500 million by 2035 by expanding at a CAGR of ~5%. The market further generated revenue of ~USD 10,700 million in the year 2022. Major key factors propelling the growth of the ear infection treatment market worldwide are the increasing prevalence of ear infections owing to cold, cough, change in weather, some other factors, and the rising demand for safe and effective ear infection treatment across the globe.

Market Definition of Ear Infection Treatment

When certain pathogens such as bacteria and viruses, infect and trap the fluid behind the eardrum, it causes pain and swelling or bulging of the eardrum. This phenomenon known as ear infection is more common in children than adults.  Acute otitis media (AOM) and otitis media with effusion (OME) are the two most common ear infections found in the general population, which affect the middle ear space. Ear infection treatment usually includes mindful watching, eating antibiotics, and having anti-inflammatory medicines prescribed by doctors.

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Global Ear Infection Treatment Market: Growth Drivers

Global ear infection treatment market growth can majorly be attributed to the high prevalence of ear infections across different nations of the world owing to different conditions which include fungal infections such as colds and coughs owing to weather change, change in altitude, recent episodes of similar ear illness, exposure to cigarette smoke, growth in household microbes, and others. As per Institute for Health Metrics and Evaluation (IHME), in 2019, there were almost 119 million cases of otitis media globally. Moreover, people suffering from ear infections are also prone to hearing loss and sometimes deafness due to inflammation and infected fluid build-up inside the ear. As a result, the demand for ear infection treatment is expected to rise exponentially in the forecast period, subsequently expanding the market size. World Health Organization (WHO) stated that around 360 million people i.e., 5% of the worldwide population have disabling hearing loss.

The global ear infection treatment market is also estimated to grow majorly on account of the following:

• The increasingly older population is more prone to ear infection
• Development in the surgery segment
• Exposure to pollutants and smoke
• Continuous governmental support for safe ear infection treatment
• Growing awareness about ear infections

Global Ear Infection Treatment Market: Restraining Factor

There are various risks and complications related to surgical procedures during ear infection treatment. Also, a high amount of money is required for ear infection treatment. Hence these factors are expected to be the major hindrance to the growth of the global ear infection treatment market during the forecast period.

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Global Ear Infection Treatment Market Segmentation 

• By Affected Region (Middle Ear, Outer Ear, and Inner Ear)
• By Treatment (Surgery, and Medication)
• By End-Users (Hospitals, ENT Clinics, and Others)

Ear infection treatment market analysis clarifies the sub-segments under the end-user segment to be hospitals, ENT clinics, and others. Out of these, the hospital segment is expected to garner the highest segment share by 2035. The high number of hospitals present in the world and rising patient admissions in hospital facilities are the major factors that are anticipated to drive the segment growth. The number of hospitals in the United States totaled to be 6,090 in 2019. Apart from these, the growing preference of patients to get treatment from a hospital for their reoccurring ear infections along with the government investments in hospitals are predicted to expand the segment size in the forecast period.

The North American ear infection treatment market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions on the back of growing cases of ear infections among the underage, along with the rise in the provision of medical insurance in the region. As per the statistics released by the U.S. Department of Health and Human Services, it stated that in 2018, around 48 per 1,000 children under 17 years had 3 or more ear infections. Moreover, growing awareness among patients, high healthcare spending, and the presence of major key players are considered other growth factors for the market.

The market research report on global ear infection treatment also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Key Market Players Featured in the Global Ear Infection Treatment Market

Some of the key players in the global ear infection treatment market are Intersect ENT, Inc., American Diagnostic Corporation, Heine USA Ltd., Welch Allyn, Inc., Olympus Corporation, Grace Medical Inc., Torque Pharmaceuticals Pvt Ltd, Medtronic PLC, Pfizer, Inc., Sanofi SA, and others.

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