Global Ear Tube Devices Market:Drivers
Increasing focus of key playersto receive product approvals from regulatory bodies drives the global EarTube Devices Market growth. Technological advancements and researchconducted by leading companies have resulted in the development of noveltechniques and products. For instance, in 2017, Preceptis Medical introduceduser friendly tool, Hummingbird TTS ear tube delivery system, an alternative togeneral anesthesia, which will help in placing the ear tube in very less timewithout using general anesthesia for ear surgeries. Moreover, in 2016, the U.S.Food and Drug Administration (FDA) released drug safety warning regardingrepeated use of general anesthesia and sedative drugs in surgeries in childrenyounger than 3 years, as it could severely affect their brain development. Suchdevelopments are expected to drive global ear tube devices market growth.Moreover, AventaMed Ltd launched a novel faster and cost-effective ear tubeplacement device in the U.S in 2016. The device has preloaded tube in it andthis device can be used under local anesthesia, without causing inconvenienceto patients. Moreover, manufacturers such as Grace Medical have products suchas triune ventilation tube, which is used for addressing complications of thestandard long term T-Tubes. This helps to hold the tube in in right angle withrespect to the eardrum.
According to a research publishedin South African Medical Journal in 2014, global incidence rate of acute otitismedia is 10.9% and it was estimated that 80% of children will have at least oneepisode of acute otitis media (AOM) before the age of 3. Furthermore, accordingto a study published in Formulary Journal in 2014, AOM accounted for healthcareexpenditure of around US$ 314 per child per year in the U.S. Middle earinfection in children occurs when they are exposed to household smoke and mostof the parents are unaware about this. There is need for awareness about thisso that parents will be aware about it. Such general causes of ear infectionsare expected to drive the global ear tube devices market growth.
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Ear tube devices are flexibletubes and are like tiny cylinders, usually made up of metal or plasticmaterial. These tubes are inserted in eardrums through a tiny surgicalincision. These devices allow inward flow of air to maintain the ear pressuresimilar on both sides of the eardrum. Also, it avoids reoccurrence ofinfections, which are uncontrollable through therapeutic treatments. Itprevents various ear infections from spreading near the brain, bones or nearbynerves. Moreover, ear tubes are also known as ventilation tubes, tympanostomytubes, pressure equalization tubes, and myringotomy tubes. Ear tube devices areavailable in different materials and there are several multinational organizationswho manufacture ear tubes.
Global Ear Tube Devices Market:Restraints
Though large number of companiesare indulged in research and development, there are few factors that restrainthe market growth. In children, even after placing the ear tube, sometimes theinfection is not fully cured. Moreover, the tube might fall out quickly and hasto be replaced or it might fall in middle ear space and has to be removedsurgically. The ear tube may form scars or hole on eardrums, which could resultin small hearing loss. For major ear surgeries, anesthesia is necessary, whichcan result in further complications in children.
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Global Ear Tube Devices Market:Regional Analysis
North America region is expectedto hold dominant position in the global ear tube devices market due to activeparticipation by manufacturers such as Preceptis Medical, which is expected tosupport the global ear tube devices market growth. Several companies such asAventaMed Ltd, Grace Medical and Preceptis Medical have introduced variousnovel 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 surgeriesand this has enhanced the treatment model. These factors are expected tosupport the global ear tube devices market growth over the forecast period.
Global Ear Tube Devices Market:Key Players
Some of the major key playersoperating in the global ear tube devices market include AventaMed Ltd,Medtronic Inc., Grace Medical, Summit Medical, Smiths Medical Group, AnthonyProducts, Inc., Preceptis Medical, Inc., Acclarent, Inc., Teleflex Inc., AdeptMedical, and Olympus Corporation.
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