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Global Tympanostomy Products Market, by Product Type (Tube Inserters and Tympanostomy Tubes), by Material (Silicone, Fluoroplastic, Titanium, and Stainless Steel), by Application (Recurrent Otitis Media with Effusion, Chronic Otitis Media, and Others), by End User (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 99.1 million in 2020 and is expected to exhibit a CAGR of 3.4% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.

Major companies are focusing on strategic mergers and acquisitions in order to strengthen their position in the global tympanostomy products market. For instance, in 2018, B.Braun Melsungen AG acquired bloodlines business of NxStage Medical, Inc. This acquisition helped the dialysis business of B. Braun Melsungen.

Major players are focusing on research and development of tympanostomy products. They are engaging in expansion or growth strategies to have lucrative opportunities in the market to grow in the near future. For instance, In July 2019, AventaMed DAC, an Ireland-based medical devices company that designs and develops innovative ENT medical devices, joined a consortium of leading healthcare companies to launch its Solo Tympanostomy Tube Device (Solo TTD) in the U.S.

Additionally, The National Evaluation System for Health Technology Coordinating Center (NESTcc) is a consortium that includes Abbott Diagnostics, Medtronic, and the U.S. Food and Drug Administration (FDA). This medtech organization connects regulators and the industry to share and evaluate real-world evidence in the regulatory process for medical devices.

Global Tympanostomy Products Market – Impact of Coronavirus (COVID-19) Pandemic

  • According to the Coronavirus Disease (COVID-19) Situation Report- 199 by the World Health Organization, around 18,614,177 cases of coronavirus disease (COVID-19) were reported on August 6, 2020 across the globe
  • On May 23, 2020, the Centers for Disease Control and Prevention released an updated interim additional guidelines to prevent the infection spread in outpatient hemodialysis facilities. Some important guidelines are facilities should implement non-punitive, and flexible sick leave for ill healthcare professionals, instructions about maintaining social distancing of at least 6 feet whenever possible, hand hygiene, respiratory hygiene, and cough etiquette should be provided to patients and ill healthcare personnel (HCP) as well. Hemodialysis facilities which are carrying out the dialysis of more than one patient with suspected or confirmed COVID-19 should provide proper isolation to these patients and the healthcare personnel (HCP) taking care of patients.

Browse 150 Market Data Tables and 31 Figures spread through 343 Pages and in-depth TOC on “global tympanostomy products market , by Product Type (Tube Inserters, Tympanostomy Tubes), by Material (Silicone, Fluoroplastic, Titanium, and Stainless Steel), by Application (Recurrent Otitis Media with Effusion, Chronic Otitis Media, and Others), by End User (Hospitals, Ambulatory Surgical Center, and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

To know the latest trends and insights prevalent in the global tympanostomy products market, click the link below:

https://www.coherentmarketinsights.com/market-insight/tympanostomy-products-market-3021

The market is expected to witness significant growth during the forecast period, as various companies are focusing on strategic mergers and acquisitions in the global tympanostomy products market.

For instance, in January 2020, Smith & Nephew, the medical technology company, acquired Tusker Medical, Inc., a California-based company and a developer of the Tula System. This new system is for in-office delivery of ear tubes to treat recurrent or persistent ear infections. This acquisition is aimed at increasing investment in innovative technologies that address unmet clinical needs.

Similarly, in July 2020, Summit Medical and Shippert Medical, the companies owned by Shore Capital Partners, combined into a new brand, Innovia Medical. Innovia Medical manufactures and commercializes the complete portfolio of Summit Medical and Shippert Medical products, which includes products/ devices of ear, nose, and throat (ENT), Tissu-Trans, InstruSafe, and others.

Key Takeaways of the Global Tympanostomy Products Market:

  • The global tympanostomy products market is expected to exhibit a CAGR of 3.4% during the forecast period, owing to strategic mergers and acquisitions adopted by key players.
  • Among product type, tympanostomy tubes segment is estimated to hold dominant position in the global tympanostomy products market in 2020, owing to approval of new and advanced products by regulatory authorities
  • Among material, the silicone segment is expected to hold dominant position in the global tympanostomy products market during the forecast period. Silicone tympanostomy tubes are hydrogel coated tubes that reduce the adhesions of microbial pathogens by more than 90%. Thus, silicone tubes are highly applicable in otitis media with effusion (OME).
  • Among application, the recurrent otitis media with effusion segment is expected to hold dominant position in the global tympanostomy products market, owing to increasing prevalence of otitis media with effusion
  • Among end user, the hospitals segment is estimated to hold dominant position in the global tympanostomy products market in 2020, owing to increasing hospitalizations for cardiovascular diseases such as heart failure, heart attack, etc.
  • Among regions, North America tympanostomy market is expected to hold dominant position in the global tympanostomy products market, owing to the increasing hospitalizations due to otitis media
  • Key players operating in the global tympanostomy products market include Medtronic Plc, Olympus Corporation, Medasil Surgical Limited, PreceptisMedical, Acclarent Inc., Summit Medical, Adept Medical, Teleflex Medical Ltd, and AdventaMed
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