Global Ear Tube Devices Market:
Drivers
Increasing focus of key players
to receive product approvals from regulatory bodies drives the global Ear
Tube Devices Market growth. 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 will help 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
younger 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 have 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.
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.
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Ear tube devices are flexible
tubes and are like tiny cylinders, usually made up of metal or plastic
material. These tubes are inserted in eardrums through a tiny surgical
incision. These devices allow inward flow of air to maintain the ear pressure
similar on both sides of the eardrum. Also, 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
who manufacture ear tubes.
Global Ear Tube Devices Market:
Restraints
Though large number of companies
are indulged in research and development, there are few factors that restrain
the market growth. 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.
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Global Ear Tube Devices Market:
Regional Analysis
North America region is expected
to hold dominant position in the global ear tube devices market 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 introduced 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
support the global ear tube devices market growth over the forecast period.
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.
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