Earwax Removal Aid Market Value to Surpass US$ 164 Mn with Surging Adoption of Micro-Suction Device in Ent Clinics
In its latest study, Fact.MR highlights differential strategies of manufacturers and provides groundbreaking insights into the dynamics of the global earwax removal aid market. In addition, it delivers in-depth information across the leading segments in terms of software solutions, age group, and end-user across major regions.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global earwax removal aid market size is anticipated to exceed US$ 164 Mn, with sales expected to surge at a CAGR of 4% over the forecast period from 2019 to 2029, predicts Fact.MR. Trend of purchasing earwax removal aids from various online stores is anticipated to drive the market over the forthcoming years.
Earwax removal aid is a medical toolkit that is primarily used in non-invasive procedures to evaluate and treat temporary hearing loss or ear blockage caused by earwax impaction. It helps healthcare professionals to achieve patient satisfaction by removing the excessive earwax.
As per Fact.MR, increasing prevalence of earwax impaction among children, adults, and geriatric population is projected to fuel the market in the forecast period. Factors, such as unwillingness to regularly visit doctors for health check-ups and lack of knowledge regarding the management of impaction will also aid the growth in the market.
According to the National Center for Biotechnology Information (NCBI), earwax impaction is a common comorbidity in otolaryngology clinics and affects around 6% of the general population across the globe.
Want A Detailed Understanding of Market Functioning? Request for a Sample Here
In order to capitalize on growing demand for earwax removal solution, key players are upgrading their products by incorporating artificial intelligence and other technologies to increase their revenues.
“Increasing usage of the micro-suction earwax removal aid in ENT clinics and hospitals is anticipated to propel the growth in this market. Besides, availability of generic alternatives to branded products is also expected to augment the growth,” says a Fact.MR analyst.
- Based on software solutions, the micro-suction device segment is expected to account for 56% of share as it is considered to be a safe option for treating earwax impaction.
- By age group, the adults segment is anticipated to lead the market, contributing over 35% of total share owing to the negligence of ear impaction symptoms.
- Pediatric segment is set to remain in the second position in terms of share on the back of increasing pollution and lack of cleanliness.
- China and India are expected to remain at the forefront of East & South Asia market …….