Press release
What Could be Tinnitus Drug Market Biggest Opportunity and Challenges Post 2020 Crisis? Lupin Pharmaceutical, Inc., Torrent Pharmaceuticals Ltd, AA Pharma 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.
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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.
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
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
Segmentation: 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
Medication
Surgery
Stapedotomy
Tympanosympathectomies
By Drug Class Type
Antidepressant Drugs
Clomipramine
Desipramine
Imipramine
Nortriptyline
Protriptyline
Antianxiety Drugs
Alprazolam
Clonazepam
Diazepam
Lorazepam
By Route of Administration
Oral
Injectable
By End User
Hospitals
Homecare
Specialty Clinics
Others
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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
Competitive Analysis:
Global tinnitus 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 tinnitus drug market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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 player
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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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