Press release
Tinnitus Drug Market 2020 : Potential Growth, Challenges, Industry Analysis | Key Players Sound Pharmaceuticals, Merz Pharma, Amneal Pharmaceuticals LLC, Zydus Pharmaceuticals, Inc
Tinnitus Drug Market
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
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UK: +44 208 089 1725
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Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research
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