TMRR’s latest report on global Tinnitus market
The recent market intelligence study by Tailor Made Reports elaborates the all in all perspective of the worldwide Tinnitus market, from its historical growth through the future outlook. The report is scrutinized on the basis of product type, end use, region and market players. Each segment depicted based on market share, revenue, and demand prospect.
Analysts at TMRR find that the global Tinnitus market reached a value of ~US$ xx Mn/Bn in 2018 and is anticipated to grow at CAGR of xx% during the forecast period 2019-2029. The growth is primarily driven by increasing demand for Tinnitus among the consumers, better disposable income, and enhanced GDP in developing countries.
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High prevalence of tinnitus and the lack of any approved treatment options drive the development of drugs to treat this condition. The tinnitus treatment market is expected to offer immense opportunity to pharmaceutical and medical device companies. Various research institutes and organizations are focusing on development of drugs to treat tinnitus and remarkable advancements in research related to this condition have been made. For example, in May 2017, Sound Pharmaceuticals was awarded US$ 1.6 Mn by the Cystic Fibrosis Foundation Therapeutics to prevent and treat tinnitus caused by antibiotics.
Rising investment in the research & development of treatments for tinnitus is expected to lead to the launch of novel drugs in the near future. Several pharmaceutical companies are currently conducting clinical trials of drugs to treat tinnitus. Over 10 clinical studies on drugs for the treatment of tinnitus are currently underway. In January 2017, Auris Medical Holding AG announced resumption of enrollment for TACTT3 phase 3 trial of Keyzilen, its candidate for the treatment of acute inner ear tinnitus.
Global Tinnitus Market: Insight into Key Participants
Companies in the tinnitus market such as Auris Medical and Merz Pharmaceuticals GmbH have their candidate products in pipeline which are expected to be launched in the next few years. Moreover, medical device companies such as Oticon Medical are conducting clinical trials on cochlear implant products. Key players engaged in tinnitus therapeutics development are Auris Medical Holding AG, AudioCure Pharma GmbH, Knopp Biosciences LLC, Merz Pharma GmbH & Co KgaA, and Otonomy, Inc.
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After reading the Tinnitus market report, readers can:
- Understand the drivers, restraints, opportunities and trends that impact the overall growth of the Tinnitus market.
- Grasp the market outlook in terms of value and volume.
- Study the strengths, weaknesses, opportunities and threats of each stakeholder operating in the Tinnitus market.
- Learn about the manufacturing techniques of Tinnitus in brief.
- Figure out the positive and negative factors impacting the product sales.
What kind of questions the Tinnitus market report answers?
- Why is region witnessing the slowest demand growth for Tinnitus ?
- What kind of agreements are the players entering into in the global Tinnitus market?
- Which sub-segment will lead the global Tinnitus market by 2029 by product?
- Which Tinnitus market players hold significant shares in terms of value and volume?
- What alternatives are consumers looking for in the global Tinnitus market?
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This post was originally published on Trading Herald