Press release
Fungal Otitis Externa Market Analytical Overview and Growth Opportunities by 2032
Fungal Otitis Externa Market
A strong product pipeline is projected to boost growth of the global fungal otitis externa market throughout the forecasted period. Key players in the healthcare and pharmaceutical industries are concentrated on research and development activities with a vigorous product pipeline for the treatment of fungal otitis externa. For example, in June 2020, Novus Therapeutics Inc., a U.S.-based pharmaceuticals company, declared topline results from the company's exploratory phase 2a clinical trial of OP0201 in acute otitis externa. Consequently, these factors are anticipated to boost growth of the global fungal otitis external market throughout the forecasted period.
The eruption of the COVID-19 pandemic has adversely impacted growth of the global fungal otitis externa market. Consequential the pandemic, several nations employed strict countrywide lockdown regulations. Manufacturing and construction events were postponed temporarily, to control the spread of the virus. Additionally, the global supply chain industry observed a massive disturbance owing to restrictions on worldwide trade and travel. But, current relaxation in lockdown strategies and decreasing cases can offer lucrative openings for potential growth.
Drug Type Insights
Among drug type, ear drops segment is assessed to hold dominant position in the global fungal otitis externa market in 2021. Ear drops are utilized as a major or front line treatment for fungal otitis externa. They are used to eliminate debris from the exterior auditory canal, and to regulate edema and infection, and escape other backing factors which cause enduring infection in the ear. Acetic acid is additional common treatment for otomycosis. Regularly, a two percent solution of these ear drops is used numerous times a day for about a week. Alternative option is to use five percent aluminum acetate ear drops.
Fungus Type Insights
On the basis of fungus type, aspergillus segment expected to hold largest market share in the global fungal otitis externa market during the forecasted period. Growing prevalence of fungal otitis externa due to aspergillus species is anticipated to drive the growth of this segment over the forecasted period. For instance, as per the Fungal Infection Trust, Aspergillus and Aspergillosis article, about 75% cases of otomycosis (fungal otitis externa) are produced by Aspergillus species. Aspergillus niger species is the most common cause of fungal otitis externa, with irregular cases instigated by Aspergillus flavus and Aspergillus fumigatus.
Region Insights
Among regions, North America is projected to hold largest market share in the global fungal otitis externa market over the forecast period. North America is expected to be the most lucrative region in the global fungal otitis externa market, due to the growing prevalence of fungal otitis externa in the U.S. For instance, as per the report issued by Centers for Disease Control and Prevention in May 2011, about one in 123 persons were affected by acute otitis externa in the U.S. across 2007 and it accounted for a projected one in 324 emergency department visits and one in 481 ambulatory-care visits for management of fungal otitis externa.
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Key Companies Insights
The market for fungal otitis externa is moderately competitive. With the rising applications of fungal otitis externa, new players are considering to enter the market. The companies are also involved in activities like joint ventures, acquisitions, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the Fungal otitis externa market, ultimately boosting the market growth.
Some of the key companies working in the global Fungal otitis externa market include:
• Novartis
• Bayer AG
• Sanofi
• GlaxoSmithKline plc.
• AbbVie
• Par Pharmaceutical, Inc.
• Hi-Tech Pharma
• Actavis Mid-Atlantic
• Hill Dermaceuticals Inc.
• NuLife Pharmaceuticals
• Glenmark Pharmaceuticals Limited
• Pfizer Inc.
• Janssen Pharmaceutical
• McNeil Consumer Healthcare
• Mylan N.V.
• Salvat Laboratories
• Other players
Some of the Recent Developments:
• In November 2022, the Denver Health and Hospital Authority initiated a clinical trial study beneath the title "RELAX: Reducing Length of Antibiotics for Children with Ear Infections (RELAX)". The objective of the study is to estimate the effectiveness and execution results of two low-cost interventions of several intensities to upsurge the prescribing of suggested short antibiotic durations for acute otitis media (AOM) in children 2 years of age and older.
• In June 2021, Olympus Australia partnered with InterMed Medical to dispense ENT products in Australia and New Zealand. This corporation helped endorse and allocate Olympus ENT products in Australia and New Zealand.
Segments
By Type
• Ear Drops
o Clotrimazole
o Fluconazole
o Acetic Acid (2%)
• Oral Medications
o Itraconazole
o NSAIDS
• Topical Medications
• Late Stage Pipeline Drugs
By Fungus Type
• Aspergillus
• Candida
By Route of Administration
• Otic
• Oral
• Topical
By Distribution Channel
• Hospital pharmacy
• Retail Pharmacy
• Online Pharmacy
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
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Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
Key Reasons to Purchase
• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
• Besides the standard structure reports, we also provide custom research according to specific requirements.
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Key Questions Answered in This Report:
• How has the global Market performed so far and how will it perform in the coming years?
• What are the key regional Markets?
• What has been the impact of COVID-19 on the global Market?
• What is the breakup of the Market based on the type?
• What is the breakup of the Market based on the application?
• What is the breakup of the Market based on the manufacturing process?
• What is the breakup of the Market based on the price range?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?
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