In recent years, the cerumenolytic agents market is anticipated to grow rapidly during the forecast period. Cerumen is referred to a natural and protective process for the ear canal. Impaction is identified when a build-up of cerumen causes symptoms such as hearing loss or inhibits a thorough examination of the ear canal or tympanic membrane. Manual removal, irrigation, or the application of cerumenolytic drugs, or a combination of these modalities, may be used. Cerumen impaction is a common reason for seeing a primary care physician. It affects roughly 10% of children, 5% of healthy people, up to 57 percent of nursing home residents, and one-third of patients with mental retardation. Hence, these factors are anticipated to increase the demand for cerumenolytic agents in the healthcare sector.
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Data Bridge Market Research analyses that the cerumenolytic agents? market was valued at USD 55 million in 2021 and is expected to reach USD 85.70 million by 2029, registering a CAGR of 5.70% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Another significant factor influencing the growth rate of cerumenolytic agents? market is the rising healthcare expenditure which helps in improving its infrastructure.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the cerumenolytic agents? market. Additionally, high disposable income and changing lifestyle of people will result in the expansion of cerumenolytic agents? market. Along with this, rising geriatric population and favourable reimbursement policies will enhance the market’s growth rate.
Moreover, the market’s growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the cerumenolytic agents? market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate. Moreover, rising investment for the development of advanced technologies and an increase in the number of emerging markets will provide beneficial opportunities for the cerumenolytic agents? market growth during the forecast period.
North America dominates the cerumenolytic agents market because of the growing number of research and development activities in this region. Additionally, growing presence of major key players will further propel the market’s growth rate in this region. Asia-Pacific are expected to grow during the forecast period of 2022 to 2029 due to rising healthcare expenditure and improvements in healthcare infrastructure in this region.
Some of the major players operating in the cerumenolytic agents? market are:
Prestige Consumer Healthcare Inc. (US)
GlaxoSmithKline plc (UK)
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