Market Trends of Tympanostomy Products Industry
This section covers the major market trends shaping the Tympanostomy Products Market according to our research experts:
Acute Otitis Media is Expected to Show Significant Growth During the Forecast Period
The Acute Otitis Media segment is expected to show significant growth over the forecast period. Acute Otitis Infection leads to an incision created in the eardrum to relieve pressure caused by excessive fluid buildup or drain pus from the middle ear. Additionally, in 2021, an NIH study reported that ear infections were among the most common illnesses in United States children annually. They occur when bacteria or viruses infect the area behind the eardrum called the middle ear. Parts of the middle ear become swollen or blocked, trapping fluid behind the eardrum. Such research articles indicating the importance of tympanostomy products in treating acute otitis media are expected to contribute to the growth of the studied segment.
Furthermore, ear infections are more common in children than in seniors. For instance, an NCBI article published in January 2022 reported that acute otitis media is one of the most common illnesses evaluated by paediatricians. The same source also reported that about 50% of all children have at least one ear infection by the time they reach their second birthday. The most common age range in which children are likely to get acute otitis media is 3 to 24 months. Thus, the rising pediatric population and increasing prevalence of acute otitis media are expected to contribute to the market's growth.
North America is Expected to Show Significant Growth in the Market During the Forecast Period
The Tympanostomy Products Market holds the largest share in the North American region due to the high prevalence of Otitis Media Infection, rising awareness among consumers, and the presence of major market players.
For instance, according to an article published by the National Institute on Deafness and Other Communication Disorders in March 2021, 5 out of 6 children in the country experience ear infection by the time they are three years old. Additionally, the article published by CCDR in April 2022 mentioned that the prevalence of acute otitis media in patients six months of age or older was 1.99%. Such a high prevalence of otitis media in the North American population is expected to drive the demand for Tympanostomy Products, thereby driving the growth of the market in this region. Furthermore, the rising adoption of technologically advanced tympanostomy products and well-developed infrastructure is expected to boost the market's growth in the region.
Additionally, the rising usage of tympanostomy products indicated that the quick adoption of technologically advanced products is also expected to contribute to the market's growth. For instance, in August 2022, Phoenix Children's Hospital performed an ear tube replacement procedure using the Hummingbird tympanostomy tubes on a patient under two years old with a consistent ear infection in the United States.
Therefore, the rising adoption of tympanostomy products and rising otitis media among the North American population are expected to play a vital role in the market's growth over the forecast period.
