EAR TUBE DEVICES MARKET ANALYSIS

Ear Tube Devices MarketSize and Trends

Global Ear Tube Devices Market: Drivers

Increasing focus of key players to receive product approvals from regulatory bodies drives the global ear tube devices market growth. Technological advancements and research conducted by leading companies have resulted in the development of novel techniques and products. For instance, in 2017, Preceptis Medical introduced user-friendly tool, Hummingbird TTS ear tube delivery system, an alternative to general anesthesia, which will help in placing the ear tube in very less time without using general anesthesia for ear surgeries. Moreover, in 2016, the U.S. Food and Drug Administration (FDA) released drug safety warning regarding repeated use of general anesthesia and sedative drugs in surgeries in children younger than 3 years, as it could severely affect their brain development. Such developments are expected to drive global ear tube devices market growth. Moreover, AventaMed Ltd launched a novel faster and cost-effective ear tube placement device in the U.S in 2016. The device has preloaded tube in it and this device can be used under local anesthesia, without causing inconvenience to patients. Moreover, manufacturers such as Grace Medical have products such as triune ventilation tube, which is used for addressing complications of the standard long-term T-Tubes. This helps to hold the tube in the right angle with respect to the eardrum. 

According to a research published in South African Medical Journal in 2014, global incidence rate of acute otitis media is 10.9% and it was estimated that 80% of children will have at least one episode of acute otitis media (AOM) before the age of 3. Furthermore, according to a study published in Formulary Journal in 2014, AOM accounted for healthcare expenditure of around US$ 314 per child per year in the U.S. Middle ear infection in children occurs when they are exposed to household smoke and most of the parents are unaware about this. There is need for awareness about this so that parents will be aware about it. Such general causes of ear infections are expected to drive the global ear tube devices market growth.