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Research Reports

Ear Tube Devices Market expected to grow CAGR 5% value till 2021-2028 during this forecast period | Coherent Market Insights

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Ear tube devices are flexible tubes and shaped as tiny cylinders, which is usually made of metal or plastic material. These tubes are inserted in eardrums through small surgical incision. These devices allow inward flow of air to maintain the ear pressure similar on both sides of the eardrum. Moreover, it avoids reoccurrence of infections, which are uncontrollable through therapeutic treatments. It prevents various ear infections from spreading near the brain, bones or nearby nerves. Moreover, ear tubes are also known as ventilation tubes, tympanostomy tubes, pressure equalization tubes, and myringotomy tubes. Ear tube devices are available in different materials and there are several multinational organizations that manufacture ear tubes.

Global Ear Tube Devices Market: Drivers

Increasing focus of key players to receive product approvals from regulatory bodies are expected to drive the global ear tube devices market growth over the forecast period. 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 helps 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 less 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 offer 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 in right angle with respect to the eardrum.

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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.

Global Ear Tube Devices Market: Restraints

Though large number of companies are focused on research and development, there are few factors that are expected to restrain the market growth. For instance, in children, even after placing the ear tube sometimes the infection is not fully cured. Moreover, the tube might fall out quickly and has to be replaced or it might fall in middle ear space and has to be removed surgically. The ear tube may form scars or hole on eardrums, which could result in small hearing loss. For major ear surgeries, anesthesia is necessary, which can result in further complications in children.

Global Ear Tube Devices Market: Regional Analysis

North America region is expected to hold dominant position in the global ear tube devices market over the forecast period due to active participation by manufacturers such as Preceptis Medical, which is expected to support the global ear tube devices market growth. Several companies such as AventaMed Ltd, Grace Medical and Preceptis Medical have launched various novel products and tools in the U.S market such as ear tube placement device, triune tube and Hummingbird TTS, which are used by physicians in ear surgeries and this has enhanced the treatment model. These factors are expected to drive the global ear tube devices market growth over the forecast period.

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Current and future of global Ear Tube Devices 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.

Global Ear Tube Devices Market: Key Players                   

Some of the major key players operating in the global ear tube devices market include AventaMed Ltd, Medtronic Inc., Grace Medical, Summit Medical, Smiths Medical Group, Anthony Products, Inc., Preceptis Medical, Inc., Acclarent, Inc., Teleflex Inc., Adept Medical, and Olympus Corporation.

Global Ear Tube Devices Market: Taxonomy

By Material Type

  • Fluoroplastic Tubes
  • Silicon Tubes
  • Metal Tubes
  • Others

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • ENT Clinics
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

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The post Ear Tube Devices Market expected to grow CAGR 5% value till 2021-2028 during this forecast period | Coherent Market Insights appeared first on Gatorledger.

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