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Tinnitus Drug Market 2020 : Potential Growth, Challenges, Industry Analysis | Key Players Sound Pharmaceuticals, Merz Pharma, Amneal Pharmaceuticals LLC, Zydus Pharmaceuticals, Inc

04-08-2020 08:25 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Tinnitus Drug Market

Tinnitus Drug Market

Tinnitus Drug Market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. It also defines, explains and forecasts the market by various segments such as type, application, end-users, and region. In this large scale industry analysis document, the leading key players are strategically profiled and their growth strategies are also thoroughly analyzed. Tinnitus Drug Market is a professional and a comprehensive report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

Global Tinnitus Drug Market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. Vulnerable aging population as age related hearing loss is prone to developing tinnitus and prevalence of tinnitus population is the key factors to encourage the market growth.

Some of the major competitors currently working in the global tinnitus drug market are Pfizer Inc, Teva Pharmaceutical Industries Ltd, Mylan N.V., Sun Pharmaceutical Industries Ltd., Novartis AG, Mallinckrodt, Abbott, Bayer AG, GlaxoSmithKline plc, Sound Pharmaceuticals, Merz Pharma, Amneal Pharmaceuticals LLC, Zydus Pharmaceuticals, Inc, Lupin Pharmaceutical, Inc., Torrent Pharmaceuticals Ltd, AA Pharma Inc, Sanofi, Hikma Pharmaceuticals PLC and many others.

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Global Tinnitus Drug Market

By Type (Subjective Tinnitus, Neurological Tinnitus, Somatic Tinnitus, Objective Tinnitus),

By Therapy Type (Cognitive Behavioral Therapy, Tinnitus Retraining Therapy),

By Treatment Type (Medication and Surgery), Drug Class Type (Antidepressant Drugs, Antianxiety Drugs),

By Route of Administration (Oral and Injectable),

By End-Users (Hospitals, Homecare, Specialty Clinics, Others),

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends & Forecast to 2026

No of Pages: 350
No of Tables: 220
No of Figures: 60

Market Definition: Tinnitus is defined as a condition in which person consciously perceives ringing sensation, buzzing, hissing, chirping or any other sounds ranging from any music to human voice. The condition is often worse when surrounding is not too loud.

According to the statistics compiled in the American Tinnitus Association, it was estimated the total population of tinnitus in the United States were over 45 million. The male population is affected more often than female. Exposure to loud workplace environment such as construction sites, glass making industries and transportation and prevalence of loud music lovers are the key factors for market growth.

Market Drivers

Growing aging population as age related hearing loss is prone to developing tinnitus

Increase in cases of tinnitus population is driving the market growth

Increase of workers involved in loud workplace such as textile industries, glass making industries, mining and construction

Ongoing clinical trial studies being carried out by many pharmaceuticals industries

Market Restraints

Effective treatment is either unavailable or unaffordable

Patent expiry of major drugs and introduction of generic drugs of branded version is expected to restrain the growth if the market

Inadequate knowledge about tinnitus disease in some developing countries

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Key Developments in the Market:

In June 2019, Otonomy Inc. initiated phase II trial for a lead candidate OTO-313. A sustained-exposure formulated of the N-Methyl-D-Aspartate (NMDA) receptor and antagonist gacyclidine for the treatment of tinnitus is expected to report the results in the first half of 2020. The development of OTO-313 addresses the new significant treatment options for tinnitus

In July 2016, Auris Medical received designation from the FDA for Keyzilen (AM-101), a NMDA receptor antagonist for the treatment of acute peripheral (inner ear) tinnitus. With this designation, sponsors are eligible to receive priority review which allows the sponsors to submit new drug applications facilitating the development and expediting the review process that is intended to treat patient suffering from tinnitus

Reasons to Purchase this Report

Current and future of global tinnitus 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

Table of Contents:

Introduction
Market Segmentation
Market Overview
Executive Summary
Premium Insights
Global, By Component
Product Type
Delivery
Industry Type
Geography
10.1. Overview

10.2. North America

10.3. Europe

10.4. Asia-Pacific

10.5. South America

10.6. Middle East & Africa

Company Landscape
Company Profiles
Related Reports

Download Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-tinnitus-drug-market

Contact:

Data Bridge Market Research

US: +1 888 387 2818

UK: +44 208 089 1725

Hong Kong: +852 8192 7475

Email: Corporatesales@databridgemarketresearch.com

About Data Bridge Market Research

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

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