Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Tinnitus is constant sound in the ear, which does not come from an external source. Nature of sound may be of ringing, buzzing, roaring, clicking, and hissing with varying intensity. Tinnitus is a symptom rather than a disease. Exact pathophysiology of tinnitus is still unknown, however, various causes of tinnitus are partial hearing loss, loud noise, blockage of earwax from eardrum, otosclerosis (stiffening of middle ear bone), head injury and damage to vestibulocochlear nerve etc. Tinnitus could impact quality of life and lead to stress, depression, and lack of concentration. Tinnitus does not have a curative therapy, however, according to American Tinnitus Association, there are various management approaches to address attentional, emotional, and cognitive impact of tinnitus, which includes use of hearing aids or sound therapy with the help of a device or behavioral therapy.

Increasing prevalence of tinnitus is expected to drive growth of the tinnitus management market

According to the American Academy of Audiology, in 2016, global prevalence for tinnitus varied from 5% to 42% from different studies and such high prevalence is expected to drive growth of the tinnitus management market. According to British Tinnitus Association, around 90% of the people with tinnitus have reported some kind of hearing loss. Also, patient suffering from partial deafness or hearing loss also complained about tinnitus and undergo management approaches for tinnitus treatment. This is another factor expected to drive growth of the tinnitus management market. Development of novel and innovative devices and therapies for tinnitus management would aid in market growth. For instance, mobile application-based music therapy aids in managing symptoms and effectively treat the condition through prescribed music listening experience for one to two hours a day for specific period.

However, cost associated with the devices used for management of tinnitus is relatively high. Also, insurance coverage may not include tinnitus as indication, therefore restricting patients from using treatment devices. These factors are expected to negatively affect growth of the market over the forecast period (2017–2025).

Market Taxonomy

On the basis of product, the global tinnitus management market is segmented into:

  • Sound masking devices
  • Hearing aids
  • Notched music devices
  • Cochlear Implants

On the basis of distribution channel, the global tinnitus management market is segmented into:

  • Clinics
  • Hospitals
  • Others

North America and Europe markets are expected to witness high growth owing to high prevalence of tinnitus in these regions

North America and Europe markets are expected to exhibit high growth over the forecast period. According to American Academy of Audiology, in 2014, 50 million people in the U.S. were reported to experience some form of tinnitus, while 12 million of them suffered from tinnitus. This high prevalence is expected to drive growth of the tinnitus management market in North America. In addition to this, governments in these regions are taking initiatives to standardize tinnitus treatment outcomes. For instance, the European Union in 2014, formed pan-European Tinnitus Research Collaboration Network, to establish an international standard for outcome measurements in clinical trials of tinnitus.

Key players in the market are developing and launching new products for aiding in management of tinnitus. For instance, launch of notched music device and cochlear implant has aided in enhanced management of tinnitus. In notched music devices, specific frequency of sound is removed, which is equivalent to frequency of tinnitus sound. Patient listening to this tailored sound daily for specific period, would benefit from this, as it could aid in elimination of the tinnitus sound. Cochlear implants are majorly used by patients with tinnitus suffering from single-sided deafness.

Some of the key players in the tinnitus management market are focusing on launching new products and devices, in order to enhance their market share. For instance, in January 2018, Oticon launched its ConnectClip, which is a connectivity device that turns hearing aids into wireless headset for improving user’s listening and communication experience. Several companies such as Oticon Inc. and GN Hearing/S have launched their mobile applications that produces sound to mask the tinnitus sound in subjective tinnitus patients. Auris Medical Holding AG is focusing on developing novel molecule, Keyzilen, for the treatment of acute inner ear tinnitus following traumatic cochlear injury or otitis media. Keyzilen contains Esketamine hydrochloride—a biocompatible and fully biodegradable—which is an N-Methyl-D-Aspartate receptor antagonist.

Key players operating in the global tinnitus management market include Sivantos, Inc., Starkey Hearing Technologies, Inc., GN Hearing A/S, Widex A/S, Oticon Inc., Neuromod Devices Ltd., Neuromonics, Inc., Puretone Ltd., and Cochlear Americas, Inc.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.