Data Bridge Market Research has recently added concise research on the “Global Hyperacusis Drug Market ” to depict valuable insights related to significant market trends driving the industry with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. All the data and statistics included in this Automotive Interior Materials report leading to actionable ideas, improved decision-making, and better mapping business strategies. This Global Hyperacusis Drug Market research report helps the clients understand the various drivers and restraints impacting the chemical and materials industry during the forecast period. This Global Hyperacusis Drug Market report provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process. This Global Hyperacusis Drug Market research report predicts the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, key developments, along with market segments and application.
Market Analysis: Global Hyperacusis Drug Market
Global hyperacusis drug market is expected to grow at a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the high prevalence of hyperacusis and the lack of any approved treatment options. Rising investment in the research & development of treatments for hyperacusis is expected to drive the market.
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Key Market Players:
The key market players in the global hyperacusis drug market are Pfizer Inc, Teva Pharmaceutical Industries Ltd, Mylan N.V, Sun Pharmaceutical Industries Ltd, Novartis AG, Mallinckrodt plc, Abbott, Auris Medical, Bayer AG, GlaxoSmithKline plc, Sound Pharmaceuticals, Merz Pharma, Amneal Pharmaceuticals LLC., Zydus Pharmaceuticals, Inc, LUPIN, Torrent Pharmaceuticals Ltd, Intas Pharmaceuticals Ltd, Sanofi, AA Pharma Inc, Hikma Pharmaceuticals PLC, Otonomy Inc and few others.
Global hyperacusis drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hyperacusis drug market for Global Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Hyperacusis Drug Market
A patient becomes over sensitive to certain frequencies to a certain volume range, making them uncomfortable which generally appears normal to other people. This condition occurs due to ototoxic drugs, cochlear damage which often results due to damage caused by loud noises. The patients with hyperacusis become uncomfortable to the daily noises such as traffic noises, machinery noises, crisp sharp noises and among others.
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Adoption of unhealthy habits like consumption of alcohol, smoking cigarettes, consuming caffeinated beverages are some of the driving factors for increasing market growth
Rising investment in the research & development of treatments for hyperacusis is expected to drive the market
Government initiative to increase awareness as well as to provide affordable healthcare is elevating the market growth
Lack of awareness amongst people about hyperacusis is hampering the market growth
Lack of any approved drug or treatment option also hampers the market growth
Segmentation: Global Hyperacusis Drug Market
By Therapy Type
Cognitive Behavioral Therapy (CBT)
By Mechanism of Action
By Drugs Type
By Devices Types
By Route of Administration
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Key Developments in the Market:
In June 2019, Otonomy Inc. initiated phase II clinical trial for the lead candidate OTO-313, a sustained-exposure formulation of the N-Methyl-D-Aspartate (NMDA) receptor antagonist gacyclidine for the treatment of tinnitus. At present there is no approved drug for the treatment of tinnitus and hyperacusis and if OTO-313 is approved it will provide the new significant treatment options for tinnitus and hyperacusis
In April 2019, Sinclair research and Turner Scientific CROs signed an exclusive partnership for the rapid advancement of otic research. These CROs will provide the ototoxicity testing services and guide the patients to protect their ears
Reasons to Purchase this Report
Current and future of global hyperacusis drug market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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