Press release
Global Ear Health Market Trends & Forecast 2024
Ear Health Market Trends
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $1.62 billion
• Revenue Forecast In 2033: $2.09 billion
• CAGR: 6.5%
Global Ear Health Market: Segmentation
The ear health market covered in this report is segmented -
1) By Product: Ear Health Devices, Diagnostic Devices, Tinnitus and Ear Impairment Care Supplements, Ear Infection Treatment Medication
2) By Application: Households, Hospitals & Clinics, Other Applications
3) By Distribution Channel: Convenience Stores, Pharmacy Stores, Hypermarkets & Supermarkets, Online Stores
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Ear Health Market Report: Growth Drivers
The growing demand for hearing aids is projected to drive the growth of the ear health market in the near future. Hearing aids are small electronic devices that amplify sound, making it easier for individuals with hearing loss to hear. By addressing auditory deficiencies, hearing aids enhance overall well-being and quality of life for those with hearing impairments. For instance, the European Hearing Instrument Manufacturers Association (EHIMA) reported in July 2023 a 4.7% increase in global hearing aid sales, with total units sold reaching 20.25 million in 2022, up from 19.34 million units sold in 2021. Therefore, the rising demand for hearing aids is propelling the growth of the ear health market.
Key Developments:
Medtronic Strengthens ENT Portfolio With Acquisition Of Intersect ENT Enhancing CRS Patient Care
In June 2022, Medtronic plc, an Ireland-based medical device company, acquired Intersect ENT for an undisclosed amount. The acquisition of Intersect ENT by Medtronic has bolstered Medtronic's comprehensive ear, nose, and throat (ENT) portfolio, incorporating innovative sinus procedure products like PROPEL and SINUVA. This strategic move enhances Medtronic's capabilities in addressing chronic rhinosinusitis (CRS) healthcare challenges and allows for a more comprehensive continuum of care for patients. Intersect ENT is a US-based manufacturer drug-delivery devices for Ear, Nose, and Throat (ENT) clinicians.
Top Market Leader Included:
Pfizer Inc., Johnson & Johnson Private Limited, Procter & Gamble, Bayer AG, Novartis AG, GlaxoSmithKline plc, Medtronic Plc, Siemens Healthineers, Siemens Healthineers, Stryker Corporation, Reckitt Benckiser Group plc, DAIICHI SANKYO COMPANY LIMITED, Olympus Corp., Sonova Holdings AG, William Demant Holdings A/S, Apotex Inc., GN Store Nord A/S, Amplifon S.p.A., Starkey Hearing Technologies, Karl Storz GMBH & co. KG, Cochlear Limited, Prestige Consumer Healthcare Inc., Oticon A/S, Miracle-Ear Inc., Resound, Widex A/S, Audika Groupe SA, Oscar Remedies Pvt Ltd
Ear Health Industry: Regional Landscape
North America was the largest region in the ear health market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ear health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ear health market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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What Does The Global Ear Health Market Report Include?
1.Introduction
• Overview of the Ear Health Market
• Comprehensive Analysis of Ear Health Market
2. Ear Health Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Ear Health Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Ear Health Market
• Overview
• Products and Services
• Strategy
5. Ear Health Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Ear Health Market
• Technological Advancements
• Emerging Trends
7. Ear Health Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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