EAR INFECTION TREATMENT MARKET ANALYSIS

Ear Infection Treatment MarketSize and Trends

Market Statistics:

The global ear infection treatment market was valued at US$ 10,671.9 Mn in 2021 and is forecast to reach a value of US$ 14,345.6 Mn by 2028 at a CAGR of 4.3% between 2022 and 2028.

Market Trends/Key Takeaways:

1. Increase in research and development is expected to propel growth of the global ear infection treatment market. For instance, in July 2021, Researchers developed a new technique to treat middle ear infections. In a new study, U.S. National Science Foundation-funded researchers at the University of Illinois Urbana-Champaign designed developed a miniaturized 3D-printed device to inactivate Pseudomonas aeruginosa, a common bacterium that causes the infection.
2. Introduction of novel products by market players is expected to drive growth of the global ear infection treatment market. For instance, in May 2020, Smith+Nephew announced the first commercial procedure with the Tula System, which is an in-office solution for the placement of tympanostomy tubes or ear tubes. Tula System enables ENT surgeons to place ear tubes in an awake child during an office visit without the support of general anaesthesia.