Market Size of Global Acute Otitis Media Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Acute Otitis Media Treatment Market Analysis
The acute otitis media treatment market is expected to register a CAGR of 5.5% during the forecast period, 2022-2027.
The COVID-19 outbreak impacted every aspect of the healthcare industry, including the market for acute otitis media treatment, as there are significant disruptions to businesses and economic activities worldwide. According to the study titled "Otitis media in coronavirus disease 2019: a case series," published in The Journal of Laryngology and Otology in January 2021, otitis media should be considered a manifestation or associated symptom of coronavirus disease. Thus rising the otitis media population, the demand for drugs is expected to increase during the COVID-19 pandemic. However, according to the study titled "Otitis Media Practice During the COVID-19 Pandemic " in the Frontier in the Celluar and Infections Microbiology in January 2022, to avoid infection, otologic procedures were divided into urgent and elective categories. Urgent operations should be performed, while all other operations should be postponed, depending on the pathology and the patient's preference.
The primary factor driving the global acute otitis media treatment market is the rising prevalence of ear infections. The launch of novel drugs for the treatment of acute otitis media by leading pharmaceutical companies will drive the acute otitis media treatment market forward. According to the article published in the European Journal of Public Health In August 2020, titled "Prevalence of acute otitis media in children younger than four years," acute otitis media (AOM) is one of the most common childhood diseases, affecting roughly half of all children.Thus, the rising prevalence of acute otitis media is expected to rise in demand for its treatment anticipated to drive market growth.
The introduction of new products for the treatment of acute otitis media by key players is expected to create a favorable environment for market growth in the near future. In August 2020, Sandoz Inc. introduced Ciprofloxacin 0.3% + Dexamethasone 0.1% otic suspension 7.5mL ear drops in the US market for the treatment of middle ear and outer ear canal bacterial infections. Thus, all aforementioned factors are expected to boost the market over the forecast period. However, stringent guidelines for approval of the drug for the acute otitis media treatment among children restraint the market over the forecast period.
