Otitis Drug Market Opportunity Analysis, Business Growth Strategies By Otonomy Inc., Torrent Pharmaceuticals Ltd, Novus Therapeutics, Inc, Pediapharm, Intas Pharmaceuticals Ltd., Sound Pharmaceuticals

The influential Otitis Drug Market report is prepared by taking into account the market type, organization volume, accessibility on-premises, end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. No stone is left unturned while analysing the market and preparing this market research report in a presentable form to meet the anticipation of users. Several market factors are explained in this Otitis Drug Market report such as market estimates and forecasts, entry strategies, opportunity analysis, market positioning, competitive landscape, product positioning, market assessment and viability studies.

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The global otitis drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026 Vulnerable pediatric population as age related ear infections prone to develop otitis and prevalence of otitis population is the key factors to encourage the market growth.

Few of the major competitors currently working in the global otitis drug market are Eli Lilly and Company, Abbott, GlaxoSmithKline plc, Bayer AG, Novartis AG, Sanofi, Bristol-Myers Squibb Company, Otonomy Inc., Torrent Pharmaceuticals Ltd, Novus Therapeutics, Inc, Pediapharm, Intas Pharmaceuticals Ltd., Sound Pharmaceuticals, Merz Pharma, Amneal Pharmaceuticals LLC., Zydus Pharmaceuticals, Inc, Mylan N.V., Alcon, F. Hoffmann-La Roche Ltd and many others.

Market Definition: 

Otitis is an inflammation of middle ear which results in dysfunction of Eustachian tube that occurs during a viral upper respiratory tract infection. Eustachian tube links the middle ear with the throat area and prevents drainage of fluid from the middle ear, causing a buildup of fluid behind the eardrum. When this fluid cannot evacuate, it allows for the infections to grow in the ear that can lead to acute otitis media.

According to the article published in American Academy of Family Physicians, it is estimated approximately 80% of children to be diagnosed with one episode of acute otitis media (AOM).  Exposure to certain toxin or change in environment may increase the otitis infections and prevalence of inflammatory disease of middle ear which acts as a key factor for market growth.

Market Drivers

Ongoing clinical trial studies being carried out by many pharmaceuticals industries
Exposure to certain toxin or change in environment may increase the otitis infections
Prevalence of indoor as well as outdoor allergens
Increase in prevalence rate of otitis disease worldwide

Market Restraints

Effective treatment is either unavailable or unaffordable
Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market
Inadequate knowledge about tinnitus disease in some developing countries

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Segmentation: 

By Type

Acute Otitis Media
Otitis Media with Effusion
Chronic Otitis Media with Effusion

By Treatment Type

Medication
Surgery

By Mechanism of Action Type

Corticosteroid
Ciprofloxacin And Dexamethasone
Topoisomerase Enzymes Type II Inhibitor
Finafloxacin Otic Suspension
Cephalosporin Antibiotic
Ceftriaxone Sodium
Ceftibuten
Anti-Infective
Ofloxacin Otic Solution

By Route of Administration

Oral
Topical
Injectable

 By End Users

Hospitals
Homecare
Specialty Clinics
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa

Key Developments in the Market:

In February 2019, Novus Therapeutics, Inc, a specialty otolaryngology pharmaceutical company has initiated phase II trial for OP0201, a drug-device combination of surfactant dipalmitoylphosphatidylcholine and cholesteryl palmitate previously demonstrated a promising results for the treatment of otitis media in phase I trial clinical studies. If successful, it will represent a new and significant treatment option for otitis.

In March 2018, Otonomy, Inc received the FDA approval for OTIPRIO, (ciprofloxacin otic suspension) for the treatment of acute otitis externa in pediatric patients. OTIPRIO is the first single-dose antibacterial approved by the FDA for the treatment of acute otitis externa. With this approval it significantly expands the company’s product portfolio in the therapeutic area of Otolaryngology.

Competitive Analysis:

Global otitis 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 market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

Current and future of global otitis 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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