Global Earwax Removal Market Outlook to 2030 – Featuring Medline, Henry Schein, Cardinal Health and Cipla, among others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Earwax Removal Market Size, Share & Trends Analysis Report by Product Type, by Consumer Group, by Distribution Channel, by Region and Segment Forecast, 2022-2030” report has been added to from ResearchAndMarkets.com offer.
The global earwax removal market size is expected to reach USD 3.7 billion by 2030 and is expected to grow at a CAGR of 7.2% during the forecast period.
Henry Schein, Inc.
Mckesson Medical-Surgical Inc.
Otex (Diomed Developments Ltd.)
Owens and Miner
Innovative design work
Target Brands, Inc.
Prestige Consumer Healthcare Inc.
Acu-Life Health Companies
Significant increase in the prevalence of earwax impaction along with growing awareness are the major factors contributing to the expansion of the earwax removal market. According to the report published by WHO in 2021, the average prevalence of earwax impaction is between 7% and 35% in different age groups. Also, with the increase in the geriatric population across the globe, the earwax removal market is expected to grow as impaction of earwax is very common in the geriatric population. Additionally, it is more prevalent in people using hearing aids and earplugs.
Rising infection rates and people facing problems like itchy and irritated ears have raised awareness about removing earwax. Adoption of correct methods for earwax removal and availability of various earwax removal tools and drops are positively impacting the growth of the market. Also, market players are introducing innovative products for effective and inexpensive decerumen. For example, Safkan Health introduced Otoset, an earwax removal device. This device looks like a headset and breaks down earwax using an irrigation method by delivering irrigation solution through disposable tips.
The micro-suction segment is estimated to dominate the market throughout the forecast period. Micro-aspiration is the most commonly adopted procedure for earwax removal and can provide immediate wax removal when an urgent clinical need arises. the adoption of micro-suction devices in ENT clinics has increased due to the advantage of the supra-auricular syringe. The main advantage is that it does not damage the mucous membrane, which can be a risk factor during ear syringing, and it is gentle on the ears. Also, the device is usually equipped with a camera that gives the audiologist a clear view of the inner parts of the ear and the amount of earwax.
Consumer-based, the geriatric segment is witnessing a lucrative growth owing to the growing number of geriatric populations. According to data released by the United Nations in 2020, the global geriatric population is expected to surpass 1.5 billion by 2050. Hearing loss is prevalent among older people and as a result, they are the top consumers of hearing aids, which increases the risk of earwax impaction. This is expected to have a positive impact on the growth of the market.
Based on distribution channels, retail pharmacies dominated the market owing to the growing number and expansion of retail pharmacies. Additionally, increasing adoption of automation and digitalization is positively impacting the growth of the segment. For example, in May 2018, McKesson Co. entered into an agreement with Discount Drug Mart, to provide dispensing automation platforms that will help optimize prescription processing.
Earwax Removal Market Report Highlights
The global earwax removal market size is expected to be valued at USD 3.7 billion by 2030, owing to the increasing prevalence of earwax impaction.
The micro-suction device segment dominated the global earwax removal market in 2021, owing to the growing adoption and benefits offered by the device.
The geriatric segment dominated the market in 2021 owing to the increase in the geriatric population and the growing use of hearing aids by them.
Retail pharmacies held the largest market in 2021 due to expansion and adoption of digitalization.
Asia-Pacific dominated the market in 2021 owing to the growing awareness of earwax impaction and the presence of local players in the region. Moreover, the initiative taken by the government has a positive impact on the growth of the market.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Sector outlook
2.3. Competitive Perspectives
Chapter 3. Global Earwax Removal Market Variables, Trends and Scope
3.1. Mapping of penetration and growth prospects
3.2. Global Earwax Removal Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restriction Analysis
3.2.3. Industry Challenges
3.3.Global Earwax Removal Industry Analysis – Porter’s Five Forces
3.4.Global Analysis of Earwax Removal Industry – PEST
3.5. Analysis of major transactions and strategic alliances
3.6. Impact of the COVID-19 pandemic on the earwax removal market
Chapter 4. Global Earwax Removal Market: Revenue Estimates and Trends Analysis 2016-2030
Chapter 5. Earwax Removal Market: Consumer Group Estimates and Trend Analysis 2016-2030, (Revenue)
Chapter 6. Global Earwax Removal Market: Distribution Channel Estimates and Trend Analysis 2016-2030, (Revenue)
Chapter 7. Regional Estimates and Trend Analysis, by Segments, 2016-2030, (Revenue, Million USD)
Chapter 8. Competitive Analysis
8.1. Recent Developments and Impact Analysis, by Key Market Players, 2016 – 2022
8.2. Company/Competitor Categorization (Key Innovators, Market Leaders, Emerging Players)
8.3. Supplier Landscape
8.3.1. Company Market Share Analysis, 2021
8.3.2. Analysis of the company’s position in the market
Chapter 9. Competitive Landscape
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