Global Tympanostomy Products Market – Snapshot
The global tympanostomy products market was valued at US$ 89.0 Mn in 2017 and is projected to expand at a CAGR of 1.4% from 2018 to 2026 to reach US$ 102.0 Mn by 2026. High prevalence of otic diseases such as otitis media and introduction of innovative tympanostomy tubes and tube insertion devices are anticipated to drive the adoption of tympanostomy tube insertion procedures across the globe. Rise in prevalence of otitis media among children, increase in population across the globe, and high demand for quality health care & patient safety are expected to propel the global tympanostomy products market. Reluctance of parents toward child’s surgery, availability of promising alternative therapies, and fragmented market at regional level are the key factors likely to restrain the global market during the forecast period.
In terms of product, the tube applicators/inserters segment accounted for leading share of the global tympanostomy products market in 2017. The segment is projected to expand at a high CAGR and continue to dominate the market during the forecast period. Introduction of new tube insertion devices which can be used in physician offices without general anesthesia and increase in adoption for disposable tube insertion devices for patient safety are factors anticipated to propel the segment. New developments in tympanostomy tube design, material, and coating methods such as bioresorbable tubes and antimicrobial coated tubes are expected to drive demand in the near future. Most of the tympanostomy tubes available currently are made of fluoroplastic. Moreover, demand for fluoroplastic disposable tube insertion devices has increased driven by patient safety. These factors contributed to the leading share of the fluoroplastic segment.
In terms of application, the recurrent otitis media with effusion segment held major market share in 2017. High prevalence of the disease and preference for tympanostomy procedure for treatment of recurrent otitis media are attributed to the segment’s high market share. Introduction of one pass tube insertion devices such as Preceptis Medical’s Hummingbird TTS, Acclarent, Inc.’s Tula and CLiKX by researchers at the National University of Singapore is anticipated to increase the number of tympanostomy tube insertion procedures performed at specialty clinics and ambulatory surgical centers.
In terms of region, North America accounted for significant share of the global tympanostomy products market in 2017 and the trend is projected to continue during the forecast period. North America has high prevalence of otitis media and tympanostomy tube insertion is one of the most commonly performed surgical procedures among children in the U.S. High adoption of technologically advanced tympanostomy products and high product costs are anticipated to contribute to North America’s high share of the global market. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period, driven by increase in purchasing power, improving health care infrastructure, and unmet medical needs among the large population.
Prominent players operating in the global tympanostomy products market include Olympus Corporation, Medtronic plc, Summit Medical, Inc., Grace Medical, Atos Medical, Preceptis Medical, Inc., OtoMedics Advanced Medical Technologies Ltd., EON Meditech Pvt. Ltd., and Koken Co., Ltd. Olympus Corporation, Medtronic plc, Grace Medical, and Summit Medical, Inc. are the top players who offer large portfolios of tympanostomy products. These players also have portfolio of supportive and ancillary otorhinology products such as middle ear prostheses, otology endoscopes & endoscopic accessories, and otorhinology surgical instruments, which augment their market presence. These players emphasize on development and introduction of new and advanced tympanostomy products to remain competitive in the market. Moreover, there are several players at regional level who compete on pricing.
Global Tympanostomy Products Market: Overview
This report analyzes the current and future scenario of the global tympanostomy products market. Tympanostomy tube insertion is one of the most commonly performed surgical procedures among children to treat otitis media and other otic disease complications. The procedure involves incision of tympanic membrane and insertion of tympanostomy tube to aid drainage of middle ear fluids and equalize pressure. High prevalence of otitis media and innovative product offerings are projected to drive the global tympanostomy products market.
This report on the global tympanostomy products market comprises an elaborate executive summary, including a market snapshot that provides information about various segments of the market. The report also provides information and data analysis of the global market with respect to its segments based on product, material, application, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the overview section. Additionally, the market outlook section offers key insights of the global market such as disease epidemiology overview, reimbursement scenario, pricing analysis by product & region, technology advancements, and key industry events. The competition landscape section comprises a competitive matrix and company profiles along with business overview to project the competitive landscape of the market. It also provides market footprint analysis of key players, key strategies adopted by top key players, and key player’s market share analysis. The report also provides market attractiveness analysis in terms of product, material, application, and end-user at global and regional level, thereby presenting a thorough analysis of the overall competitive scenario prevailing in the global tympanostomy products market.
Global Tympanostomy Products Market: Key Segments
Based on product, the global tympanostomy products market has been segmented into tube applicators / inserters (disposable and reusable) and tympanostomy tubes (grommet tubes, intermediate ear tubes, and T-shaped tubes). In terms of material, the market has been classified into fluoroplastic, titanium, silicone, and stainless steel. Based on application, the global tympanostomy products market has been categorized into recurrent otitis media with effusion, chronic otitis media, and others. In terms of end-user, the market has been divided into hospitals, ambulatory surgical centers, and specialty clinics. The global tympanostomy products market has been analyzed based on technology trends, expenditure on emerging technologies, and presence of key players in the region. Market size and forecast for each of these segments and sub-segments have been provided for the period from 2016 to 2026, along with respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.
Global Tympanostomy Products Market: Regional Outlook
In terms of region, the global tympanostomy products market has been segmented into North America (the U.S. and Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Market size and forecast for each of these regions and key countries/sub-region have been provided for the period from 2016 to 2026, along with respective CAGRs for the forecast period 2018-2026, considering 2017 as the base year. This report also covers the competitive scenario of the market in these regions.
Companies Mentioned in Report
The report profiles major players operating in the global tympanostomy products market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, recent developments, and SWOT (strength, weakness, opportunity, and threat) analysis. Major companies profiled in this report are Olympus Corporation, Medtronic plc, Summit Medical, Inc., Grace Medical, Atos Medical, Preceptis Medical, Inc. OtoMedics Advanced Medical Technologies Ltd., EON Meditech Pvt. Ltd., and Koken Co., Ltd.
The global tympanostomy products market has been segmented as follows:
Global Tympanostomy Products Market, by Product
- Tube Applicators / Inserters
- Tympanostomy Tubes
- Grommet Tube
- Intermediate Ear Tubes
- T-shaped Tubes
Global Tympanostomy Products Market, by Material
- Stainless Steel
Global Tympanostomy Products Market, by Application
- Recurrent Otitis Media with Effusion
- Chronic Otitis Media
- Others (eustachian tube dysfunction, mastoiditis, meningitis, etc.)
Global Tympanostomy Products Market, by End-user
- Ambulatory Surgical Centers
- Specialty Clinics
Global Tympanostomy Products Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa