Earwax Removal Aid is Predicted to Swell at a CAGR of 10% by 2032: Opines Fact.MR

 According to Fact.MR, the size of the global earwax removal aid market is estimated to hit US$ 164 Mn, with sales expected to soar at a CAGR of 4% from 2019 to 2029. Over the upcoming years, the market is expected to be driven by the trend of buying earwax removal tools from various online retailers. The primary application of earwax removal aid in medicine is in non-invasive techniques to diagnose and cure transient hearing loss or ear obstruction brought on by earwax impaction. By removing the extra earwax, it aids medical personnel in achieving patient satisfaction.

The market is expected to be driven by the rising prevalence of earwax impaction among children, adults, and the elderly population. The market will develop as a result of factors like people’s resistance to routine doctor visits for checkups and their ignorance of how to control impaction. Earwax impaction is a common comorbidity in otolaryngology clinics and impacts about 6% of the global population, according to the National Centre for Biotechnology Information (NCBI).

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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.

Key Takeaways:

  • 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 on the back of increasing incidence rate of earwax impaction.

Growth Drivers:

  • Increasing usage of the micro-suction earwax removal aids in various hospitals across the globe is expected to drive the growth in this market.
  • Rising affordability of earwax removal aids for both healthcare facilities and patients is anticipated to propel the growth in this market.
  • High per capita healthcare expenditure and increasing demand for non-invasive options for earwax removal are projected to bolster the growth in the upcoming years.

 

Competitive Landscape

Key players operating in the global earwax removal aid market are striving to strengthen their positions and expand their consumer bases by introducing state-of-the-art products.

Meanwhile, industry giants, such as Prestige Consumer Healthcare Inc., Medline Industries, Inc., Cipla Ltd., and GlaxoSmithKline Plc. are engaging in the development of cost-effective products to attract more consumers. Together, these companies are expected to account for around 30.0% of the market share.

For instance,

  • December 2021: Tvidler Australia launched its latest earwax cleansing tool that removes earwax without causing injuries. It has an ultra-soft silicone tip and can be rotated 360 degrees within the ears. Each pack includes six additional soft twisting silicone tips and the body of this tool is made up of premium quality plastic material. It does not push the earwax deep inside the ear canal, unlike cotton swabs.
  • September 2019: Eosera, a provider of safe earwax removal kits based in the U.S., announced the launch of Ear Clean MD. It is a specially developed powder that is capable of dissolving in water for cleaning the outer ear canal of wax, debris, and oil. It contains essential oils and other naturally occurring oils to provide a soothing experience and relief from chronically itchy ears.
  • May 2019: Eosera launched Ear Itch MD and Wax Blaster MD to expand its range of ear care products. Wax Blaster MD is a novel ear irrigation tool that helps to remove earwax, whereas Itch MD is a spray to provide relief from the constant ear itch.

Key Players in the Earwax Removal Aid Market Include:

  • GlaxoSmithKline Plc.
  • Cipla Ltd.
  • Apothecary Products, LLC
  • Neilmed Pharmaceuticals, Inc.
  • Prestige Consumer Healthcare Inc.
  • Squip, Inc.
  • Medline Industries, Inc.
  • Equadose
  • DP Medical Systems
  • NuLife Pharmaceuticals

earwax removal market 01

More Valuable Insights on Earwax Removal Aid Market

Fact.MR provides an unbiased analysis of the earwax removal aid market, presenting historical demand data (2013-2018) and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the global earwax removal aid market with a detailed segmentation on the basis of:

Software Solutions

  • Micro-suction Device
  • Ear Wax Removal Irrigation Kits
  • Ear Wax Removal Drops
  • Ear Wax Removal Loops
  • Ear Wax Removal Syringes
  • Portable Ear Cleaning Devices

Age Group

  • Pediatric
  • Adults
  • Geriatric

End-user

  • Retail Sales
  • Drug Stores
  • Retail Pharmacies
  • Hypermarkets/Supermarkets
  • Online Sales
  • Drug Stores
  • ENT Clinics
  • Hospitals

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

Key Questions Covered in Earwax Removal Aid Market Report

  • The report offers insight into the earwax removal aid market demand outlook for 2019-2029.
  • The market study also highlights projected sales growth for earwax removal aid market between 2019 and 2029.
  • Earwax removal aid market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
  • Earwax removal aid market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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