Press release
Ear Drops Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
According to the World Health Organization (WHO), ear infections are the leading cause of hearing loss. As per the WHO estimates, nearly 2.5 billion people are anticipated to have some degree of hearing loss and at least 700 million will require hearing rehabilitation by 2050. Furthermore, new product launches are also boosting the growth of the global ear drops market during the forecast period. For instance, in August 2020, Dr Reddy's Laboratories announced the launch of a generic version of Ciprodex that is used to treat ear infections in the US market. The newly launched product is equivalent to the generic version of Ciprodex (ciprofloxacin 0.3% and dexamethasone 0.1%) Otic Suspension.
Some major players in the market include Daiichi Sankyo Co., Ltd, Sanofi S.A., and Novartis International AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2020, Sandoz Inc. (Novartis International AG) announced the launch of Ciprofloxacin 0.3% + Dexamethasone 0.1% otic suspension 7.5mL ear drops in the US market. It is used to treat middle ear and outer ear canal bacterial infections.
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Market Coverage
• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
Segment Covered-
· By Product Type
· By Application
Regions Covered-
· • North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- Daiichi Sankyo Co., Ltd, Sanofi S.A., and Novartis International AG, among others.
Ear Drops Market Report by Segment
· By Product Type
· Ciprodex Ear Drop
· Gentisone HC Ear Drop
· Ciproxin HC Ear Drop
By Application
· Adults
· Children
· Elderly
A full Report of Ear Drops Market is Available @ https://www.omrglobal.com/industry-reports/ear-drops-market
Ear Drops Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
• Middle East & Africa
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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