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Global Hyperacusis Drug Market 2019-2027 Research Report| Know The Growth Factors and Future Scope| Teva Pharmaceutical Industries Ltd, Mylan N.V, Sun Pharmaceutical Industries Ltd, Novartis AG
Global Hyperacusis Drug Market
Market Analysis: Global Hyperacusis Drug Market
Global hyperacusis drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the high prevalence of hyperacusis and the lack of any approved treatment options. Rising investment in the research & development of treatments for hyperacusis is expected to drive the market.
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Key Market Players:
The key market players in the global hyperacusis drug market are Pfizer Inc, Teva Pharmaceutical Industries Ltd, Mylan N.V, Sun Pharmaceutical Industries Ltd, Novartis AG, Mallinckrodt plc, Abbott, Auris Medical, Bayer AG, GlaxoSmithKline plc, Sound Pharmaceuticals, Merz Pharma, Amneal Pharmaceuticals LLC., Zydus Pharmaceuticals, Inc, LUPIN, Torrent Pharmaceuticals Ltd, Intas Pharmaceuticals Ltd, Sanofi, AA Pharma Inc, Hikma Pharmaceuticals PLC, Otonomy Inc and few others.
Competitive Analysis:
Global hyperacusis 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 hyperacusis drug market for Global Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Hyperacusis Drug Market
A patient becomes over sensitive to certain frequencies to a certain volume range, making them uncomfortable which generally appears normal to other people. This condition occurs due to ototoxic drugs, cochlear damage which often results due to damage caused by loud noises. The patients with hyperacusis become uncomfortable to the daily noises such as traffic noises, machinery noises, crisp sharp noises and among others.
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Market Drivers
Adoption of unhealthy habits like consumption of alcohol, smoking cigarettes, consuming caffeinated beverages are some of the driving factors for increasing market growth
Rising investment in the research & development of treatments for hyperacusis is expected to drive the market
Government initiative to increase awareness as well as to provide affordable healthcare is elevating the market growth
Market Restraints
Lack of awareness amongst people about hyperacusis is hampering the market growth
Lack of any approved drug or treatment option also hampers the market growth
Segmentation: Global Hyperacusis Drug Market
By Type
Cochlea Hyperacusis
Vestibular Hyperacusis
By Therapy Type
Cognitive Behavioral Therapy (CBT)
Sound Therapy
By Mechanism of Action
Benzodiazepines
Anti-Depressants
Anti-Migraine Drugs
Anti-Seizure Drugs
By Drugs Type
Lorazepam
Alprazolam
Clonazepam
Clomipramine
Desipramine
Others
By Devices Types
Ear Plugs
Maskers/Sound Generators
PE Tubes
Others
By Route of Administration
Oral
Intravenous
Others
By End-Users
Hospitals
Homecare
Specialty Clinics
Others
For More Insights Get Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-hyperacusis-drug-market
Key Developments in the Market:
In June 2019, Otonomy Inc. initiated phase II clinical trial for the lead candidate OTO-313, a sustained-exposure formulation of the N-Methyl-D-Aspartate (NMDA) receptor antagonist gacyclidine for the treatment of tinnitus. At present there is no approved drug for the treatment of tinnitus and hyperacusis and if OTO-313 is approved it will provide the new significant treatment options for tinnitus and hyperacusis
In April 2019, Sinclair research and Turner Scientific CROs signed an exclusive partnership for the rapid advancement of otic research. These CROs will provide the ototoxicity testing services and guide the patients to protect their ears
Reasons to Purchase this Report
Current and future of global hyperacusis 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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