Cerumen Removal Market to be Worth $3.7 Billion by 2030: Grand View Research, Inc. – PR Newswire UK
SAN FRANCISCO, May 18, 2022 /PRNewswire/ — The global cerumen removal market size is expected to reach USD 3.7 billion by 2030 and is expected to expand at a CAGR of 7.2% in the forecast period, according to a new report by Grand View Research, Inc. Significant rise in the prevalence of cerumen impaction as well as rising awareness are the major factors contributing to the expansion of cerumen removal market. As per the report published by WHO in 2021, the average prevalence of cerumen impa…….
SAN FRANCISCO, May 18, 2022 /PRNewswire/ — The global cerumen removal market size is expected to reach USD 3.7 billion by 2030 and is expected to expand at a CAGR of 7.2% in the forecast period, according to a new report by Grand View Research, Inc. Significant rise in the prevalence of cerumen impaction as well as rising awareness are the major factors contributing to the expansion of cerumen removal market. As per the report published by WHO in 2021, the average prevalence of cerumen impaction is between 7% and 35% across various age groups. Also, with rising geriatric population across the globe is anticipated to raise the market for cerumen removal as cerumen impaction is very common in the geriatric population. Moreover, it is more prevalent in people using hearing aids & earplugs.
Key Insights & Findings from the report:
- Global cerumen removal market size is anticipated to be valued at USD 3.7 billion by 2030, owing to the increasing prevalence of cerumen impaction.
- Micro-suction devices segment dominated the global cerumen removal market in 2021, owing to the increasing adoption and benefits offered by the device.
- The geriatric segment dominated the market in 2021 owing to the increasing geriatric population and rising use of hearing aids by them.
- Retail pharmacies held the largest market in 2021 owing to the expansion and adoption of digitalization.
- The Asia Pacific dominated the market in 2021 owing to the rising awareness of cerumen impaction and the presence of local players in the region. Also, the initiative taken by the government is positively impacting the market growth.
Read 150 page market research report, “Cerumen Removal Market Size, Share & Trends Analysis Report By Product Type, By Consumer Group, By Distribution Channel, By Region, And Segment Forecasts, 2022 – 2030”, published by Grand View Research.
Cerumen Removal Market Growth & Trends
The increasing infection rates and people facing problems such as ear itching and irritation have raised the awareness of cerumen removal. The adoption of correct methods for cerumen removal and the availability of various tools and cerumen removal drops is positively impacting the market growth. Also, the market players are introducing innovative products for effective and inexpensive cerumen removal. For instance, Safkan Health introduced Otoset, a cerumen removal device. This device resembles a headphone and breaks down cerumen by using an irrigation method by providing irrigation solution through disposable ear tips.
The micro-suction segment is estimated to dominate the market throughout the forecast period. Micro-suction is the most common procedure adopted for cerumen removal and can provide immediate wax clearance when an urgent clinical need arises. the adoption of micro-suction devices in ENT clinics has …….
