Cerumen Removal Market Size Worth $3.7 Billion By 2030

 Cerumen Removal Industry Overview

The global cerumen removal market size is expected to reach USD 3.7 billion by 2030 and is expected to expand at a CAGR of 7.2% in the forecast period, according to a new report by Grand View Research, Inc. Significant rise in the prevalence of cerumen impaction as well as rising awareness are the major factors contributing to the expansion of cerumen removal market. As per the report published by WHO in 2021, the average prevalence of cerumen impaction is between 7% and 35% across various age groups. Also, with rising geriatric population across the globe is anticipated to raise the market for cerumen removal as cerumen impaction is very common in the geriatric population. Moreover, it is more prevalent in people using hearing aids & earplugs.

Cerumen Removal Market Segmentation

 

Grand View Research, Inc. has segmented the cerumen removal market report based on product type, consumer group, distribution channel, and region:

Based on the Product Insights, the market is segmented into Micro-suction Device, Irrigation Kits, Cerumen Removal Drops, Cerumen Removal Loops, Cerumen Removal Syringes, Portable Ear Cleaning Devices

  • In 2021, the micro-suction devices segment accounted for the largest market share of 70.0%. This can be attributed to the increasing adoption of micro-suction devices in ENT clinics owing to their advantages. It is quicker than irrigation and does not expose the ear canal to moisture. Also, it is performed under direct vision and provides immediate cerumen clearance.
  • The Cerumen removal drops segment is witnessing the fastest growth rate owing to the availability of various OTC cerumen removal ear drops. The changing consumer trend has raised the adoption of these OTC products. Also, these cerumen removal drops are inexpensive and an increasing number of patients opting for at-home cerumen removal treatments is driving the segment growth.

Based on the Consumer Group Insights, the market is segmented into Pediatric (Aged 0 – 10), Children (Aged 11 – 17), Adults (Aged 18 – 64), Geriatric (Aged 65 and Above)

  • In 2021, the geriatric segment held the largest market share of 48.0%. This growth is attributed to the rising geriatric population and the high prevalence of cerumen impaction among older adults. As per the data from World Population Ageing, in 2019, there were703 million persons aged 65 years or above in the world.
  • Hearing loss is prevalent in older adults and hence they are the major consumers of hearing aids. According to an article published in National Institute on Deafness and Other Communication Disorders, the highest amount incidence of hearing loss is reported in the age group between 60 and 69. The adult segment is the fastest-growing segment owing to increasing growing awareness about hygiene and the adoption of cerumen removal products. Moreover, the increasing demand for over- the- counter cerumen removal products among adults is impelling the segment growth.

Based on the Distribution Channel Insights, the market is segmented into Drug Stores, Retail Pharmacies, Hypermarkets/Supermarkets, E-commerce

  • In 2021, the retail pharmacies segment held a major market share of 39.5% due to the presence of a large number of independent and chain pharmacies globally. Also, the retail pharmacy chains, such as Boots Walgreens, CVS Health, Lloyd, etc. offer a variety of cerumen removal products such as ear drops, irrigation kits, loops, and cerumen removal devices to their customers. Moreover, the digitalization in retail pharmacies is further adding fuel to the market growth.
  • However, thee-commerce segment is witnessing the fastest growth rate owing to the increasing penetration of the internet globally. With the changing trends, retailers adopting online channels for the distribution of products, thereby positively impacting segment growth. Also, the attractive offers and discounts offered on various e-commerce platforms such as amazon help to attract large consumer groups. Moreover, the availability of ear curettes, loops, ear drops, and various other tools on online channels is boosting the market growth.

 

Cerumen Removal Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Key players are focusing on the development of innovative products, collaborations, etc. to strengthen the market position.

Some of the market players operating in the market are

  • Medline
  • Henry Schein, Inc.,
  • McKesson Medical-Surgical Inc,
  • Cardinal Health
  • Otex, Owens and Minor
  • Eosera Inc.
  • Target Brands
  • Debrox, Cipla Ltd.
  • Earest Inc.
  • GlaxoSmithKline Plc.

 

Order a free sample PDF of the In Cerumen Removal Market Intelligence Study, published by Grand View Research.

 

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