Global Ear Infection Treatment Market 2019-2023| Raising Funds for Research on Ear Infections to Boost Growth| Technavio
The global ear infection treatment market is expected to post a CAGR of over 5% during the period 2019-2023, according to the latest market research report by Technavio.
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Technavio has released a new market research report on the global ear infection treatment market for the period 2019-2023. (Graphic: Business Wire)
Depending on the part of the ear infected, it is classified as acute otitis externa (AOE), otitis media with effusion (OME), and acute otitis media (AOM). These infections are caused due to various risk factors such as bacteria, viral cold or flu season, injury to the ear, and cigarette smoke. Exposure to cigarette smoke can result in an increased occurrence of AOM. Such high-risk factors significantly increase the chances of ear infections, driving the global ear infection treatment market during the forecast period.
As per Technavio, raising funds for research on ear infections will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global ear infection treatment market 2019-2023research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global ear infection treatment market: Raising funds for research on ear infections
Advances in surgical treatment and diagnostic techniques have a substantial impact on the global ear infection treatment market. However, the high cost of surgery is a significant challenge to the ear infection treatment, which reduces patient adherence. Many government and non-government organizations and several companies are providing funding as well as clinical assistance for the research on treatment of various ear infections.
“With the increasing inclination toward health consciousness, the awareness about ear infections is rising since the past few years. Various organizations and companies are organizing several programs and events for increasing awareness among people about the seriousness of ear infections,” says a senior analyst at Technavio.
Global ear infection treatment market: Segmentation analysis
This market research report segments the global ear infection treatment market by type (middle ear infection, outer ear infection, and inner ear infection) and geographical regions (North America, Europe, Asia, ROW).
North Americas led the market in 2018 with a market share of over 35%, followed by Europe, Asia, ROW, respectively. However, during the forecast period, the Asian region is expected to register the highest incremental growth.
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