Earwax Removal Aid Market Sales to Increase at 4% CAGR Amid Rising Prevalence of Earwax Impaction

Earwax Removal Aid Market Value to Surpass US$ 164 Mn with Surging Adoption of Micro-Suction Device in Ent Clinics

In its latest study, Fact.MR highlights differential strategies of manufacturers and provides groundbreaking insights into the dynamics of the global earwax removal aid market. In addition, it delivers in-depth information across the leading segments in terms of software solutions, age group, and end-user across major regions.

Fact.MR – A Market Research and Competitive Intelligence Provider: The global earwax removal aid market size is anticipated to exceed US$ 164 Mn, with sales expected to surge at a CAGR of 4% over the forecast period from 2019 to 2029, predicts Fact.MR. Trend of purchasing earwax removal aids from various online stores is anticipated to drive the market over the forthcoming years.

Earwax removal aid is a medical toolkit that is primarily used in non-invasive procedures to evaluate and treat temporary hearing loss or ear blockage caused by earwax impaction. It helps healthcare professionals to achieve patient satisfaction by removing the excessive earwax.

As per Fact.MR, increasing prevalence of earwax impaction among children, adults, and geriatric population is projected to fuel the market in the forecast period. Factors, such as unwillingness to regularly visit doctors for health check-ups and lack of knowledge regarding the management of impaction will also aid the growth in the market.

According to the National Center for Biotechnology Information (NCBI), earwax impaction is a common comorbidity in otolaryngology clinics and affects around 6% of the general population across the globe.

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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.

Restraints:

• Majority of the health insurance companies do not cover the cost of earwax extraction practices, which may limit the demand for earwax removal aids.
• Rising preference for over-the-counter earwax removal aids to avoid hospital visits and healthcare expenditure may cause severe side-effects, thereby limiting growth.

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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

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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