PUBLISHER: Orion Market Research | PRODUCT CODE: 1215602
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215602
Title:Global Ear Health Market Size, Share & Trends Analysis Report by Devices (Diagnostic Devices, Surgical Devices, Hearing Aids, Hearing Implants, CO2 Laser, and Image-Guided Surgery Systems), by Supplements, and Drugs (Analgesics, Antibiotics, and Nonsteroidal Anti-Inflammatory Drugs) Forecast Period (2022-2028).
The global ear health market is anticipated to grow at a CAGR of 7.2% during the forecast period. The growing number of ear diseases such as tinnitus across the globe is fueling the ear health market. Tinnitus is the experience or perception of ringing, hissing, whistling, or other noises in one or both of the ears which can be constant or come and go. There is no proper validated cure for this ear disease however cure, precaution can help a lot. According to American Tinnitus Association, around 50 million people in the US experience some kind of tinnitus, out of which around 2 million people have serious cases.
The global ear health market is segmented based on devices, supplements, and drugs. Based on the devices the market is segmented into diagnostic devices, surgical devices, hearing aids, hearing implants, CO2 lasers, and image-guided surgery systems. Based on drugs the market is segmented into analgesics, antibiotics, and nonsteroidal anti-inflammatory drugs.
The global ear health market is segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America will dominate the ear health market during the forecast period. The increasing technological advancements in the products and new advanced product launches are fueling the ear health market across the globe. For instance, in November 2021, Widex USA Inc. launched rechargeable behind-the-ear hearing aid which offers pure sound and it streams directly to iPhone and Android phones, it can be used for music and direct call which makes it easy for the people which influences the people to purchase hearing aids and contribute in growing the ear health market.
The major companies serving the global ear health market include Sonova Holdings AG, Olympus Corp., Cochlear Ltd., Medtronic Plc, Johnson & Johnson Service, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Oticon, Inc., a hearing device manufacturer announced to expand its hearing aid portfolio to allow even more individuals with hearing loss to experience the benefits of Oticon's advanced BrainHearing technology.
Research Methodology
The market study of the global ear health market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: