Advances in ear tube surgery will significantly drive the growth of the market during the forecast period. Preceptis Medical Inc. offers HUMMINGBIRD TTS (Tympanostomy Tube System) an advanced ear tube surgery system. The device uses One-Pass technology and features an innovative design that reduces trauma and provides maximum visualization as per the surgeon’s preference and patient’s anatomy. Similarly, Solo TTD (Tympanostomy Tube Device) offered by AventaMed is an all-in-one handheld device for ear tube placement that does not require an operating room or general anesthesia for the procedure. Moreover, Solo TTD is more fast, cost-effective, and less invasive than conventional procedures of ear tube placement. Such advances will ensure efficient and smooth ear tube surgery and consequently fuel the demand for ear tube devices.
The high prevalence of otitis media will also contribute to the growth of the ear tube devices market. Otitis media is an inflammation/infection in the middle ear caused by cold, sore throat or respiratory infections. This condition is highly prevalent in children within three years of age. The treatment of otitis media depends upon various factors, including age, overall health, medical history, and severity of the condition. Myringotomy is a surgical procedure for the treatment of otitis media involving the placement of small ear tubes. The ear tubes ventilate the middle ear and prevent the accumulation of fluid, thereby restoring the hearing ability of the child. The increasing prevalence of otitis media will boost the demand for ear tube devices, driving the growth of the market at a CAGR of over 2% during the forecast period.
Top Ear Tube Devices Companies Covered in this Market Research Report
The global ear tube devices market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this report also includes information on the upcoming critical ear tube devices market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading ear tube device manufacturers, including:
Atos Medical AB
Exmoor Plastics Ltd.
Innovia Medical Inc.
Ear Tube Devices Market Segmentation Based on Material
The fluoroplastic tube segment will account for the highest ear tube devices market share. The wide availability and beneficial features of fluoroplastic will drive the growth of the ear tube devices market in this segment. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the ear tube devices market size.
Ear Tube Devices Market Segmentation Based on Geographic Region
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest ear tube devices market share throughout the forecast period. Factors such as the rising prevalence of middle ear infections, increasing incidences of hearing loss in children, and presence of established vendors and appropriately equipped healthcare facilities are contributing to the ear tube devices market growth in this region.
Key Highlights of the Global Ear Tube Devices Market Forecast Report for the Period 2019-2023
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the ear tube devices market during the next five years
Precise estimation of the global ear tube devices market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the ear tube devices industry across Asia, Europe, North America, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of ear tube devices companies
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