Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 501 Billion | USD 660 Billion | 3.51% | 2022 |
The global chondrodermatitis nodularis helicis market size was worth around USD 501 Billion in 2022 and is predicted to grow to around USD 660 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.51% between 2023 and 2030.
The report analyzes the global chondrodermatitis nodularis helicis market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the chondrodermatitis nodularis helicis industry.
Chondrodermatitis nodularis helicis (CNH) is a common medical condition that is known to impact the ear cartilage and results in the formation of small and tender nodules which can also be referred to as bumps. The industry revolves around the diagnosis, management, and treatment of the condition and its associated symptoms. CNH is not considered a critical or life-threatening condition but it may cause severe discomfort due to painful experiences thus impacting the overall quality of life if it is not properly and timely handled.
Increasing prevalence of the condition to impact market growth
The global chondrodermatitis nodularis helicis market is projected to grow owing to the increasing prevalence of the condition impacting millions of people across the globe. CNH is an extremely common ear-related medical condition and is known to impact people of all ages and gender groups. The medical community does not have the answer to the exact cause of the disease, but studies have suggested that friction or pressure on the ear may be causing the onset of the CNH. For instance, overuse of headphones, wearing tight hats, and other repetitive actions can cause damage to the ears. Some of the most frequently observed symptoms associated with CNH are the development of small nodules on the ear cartilage. They are generally found on the outer rim of the ear. The nodules may either be pink or red and they may look inflated. With time, the nodules tend to develop a crust and it bleeds when picked on. Certain cases of CNH heal on their own while some may require consultation from a healthcare professional.
Lack of information on cause to act as a restraint
One of the leading causes of concern in the global chondrodermatitis nodularis helicis industry is the lack of information on the exact reasons that trigger the condition. Studies indicate that putting more pressure on the ears due to external sources could be a leading cause but there is no accurate answer to this question which acts as a growth inhibitor since the medical professional have to solely rely on their past experience and common knowledge to diagnose and treat the condition. Furthermore, since CNH is considered a benign condition, some patients may choose to try homemade remedies for curing the disease.
Growing research & development to provide growth opportunities
The global chondrodermatitis nodularis helicis market size may witness higher growth opportunities due to the rising investment toward research & development in the sector. The industry is expected to witness high revenue due to the development of several novel treatment programs that may be more effective and long-lasting. Furthermore, higher funds are being directed toward improving the diagnosis measures allowing medical professionals to have more control over the treatment process.
Underdiagnosis and misdiagnosis to challenge market growth
CNH is easy to be confused with other conditions and it depends on the expertise of the medical professional handling the case. CNH is often prone to misdiagnosis which leads to delay in the treatment or improper medical help. Hence, the chondrodermatitis nodularis helicis industry players need to focus on improving diagnostic accuracy and increasing awareness of the condition. These two aspects are crucial to further growth of the industry.
The global chondrodermatitis nodularis helicis market is segmented based on causes, end-users, distribution channels, treatment, and region.
Based on causes, the global market segments are the use of headphones or telephones, ear trauma, systemic sclerosis, frostbite, and others. In 2022, the use of headphones or telephones registered the highest growth rate. Although it is difficult to zero down on one particular cause of the disease, by far, the leading consensus agrees that excessive pressure on the ears can cause the onset of CNH. With the growing number of people becoming heavily reliant on smartphones and associated accessories, like headphones and earphones, the segmental growth may continue in the coming years. Other reasons like frostbite and ear trauma may also cause the condition but it is crucial to note that sometimes CNH may appear without an apparent reason. As per a 2017 Statista report, more than 87% of US citizens use earphones every day for listening to music.
Based on end-users, the global market divisions are dermatologist clinics, diagnostic centers, home healthcare, hospitals, and others.
Based on distribution channels, the global market segments are hospital pharmacy, online pharmacy, and retail pharmacy. In 2022, the fastest-growing segment was the hospital pharmacy unit. They are mostly popular owing to the high number of patients that regularly visit hospitals and clinics for various medical conditions. Furthermore, severe cases of CNH are generally treated in hospitals thus contributing to the segmental growth. In recent years, online pharmacy has also registered significant growth, especially for patients who do not have immediate access to medicine. As per a recent survey by India Times, more than 61% of Indian citizens prefer to buy medicines online.
Based on treatment, the global market segments are conservative measures, antibiotics, corticosteroids, liquid nitrogen, nitro-glycerin, collagen, laser treatment, and surgery.
Report Attributes | Report Details |
---|---|
Report Name | Chondrodermatitis Nodularis Helicis Market Research Report |
Market Size in 2022 | USD 501 Billion |
Market Forecast in 2030 | USD 660 Billion |
Growth Rate | CAGR of 3.51% |
Number of Pages | 213 |
Key Companies Covered | Johnson & Johnson, Valeant Pharmaceuticals International, Inc., GlaxoSmithKline PLC, Pfizer, Inc., Sanofi S.A., Novartis International AG, Nestle Skin Health S.A., Teva Pharmaceutical Industries Ltd., Bayer AG, Bristol-Myers Squibb Company, AbbVie, Inc., Allergan, Inc., Amgen, Inc., Galderma S.A., Merck & Co., Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company plc., Beiersdorf AG, Roche Holding AG, L'Oreal S.A., AstraZeneca PLC, Mylan N.V., Eli Lilly and Company, Leo Pharma A/S, and AbbVie Inc. |
Segments Covered | By Causes, By End-Users, By Distribution Channel, By Treatment, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to witness the highest growth in global market
The global chondrodermatitis nodularis helicis market is expected to witness the highest growth in North America. It is crucial to note that most of the conditions in this sector undergo unreported since it is not a life-threatening issue. Hence it is difficult to determine the exact ratio of patients suffering from CNH. However, the North American region is home to the US and Canada. These two regions have excellent healthcare infrastructure in place that results in more people having access to quality medical care.
Furthermore, the growing awareness rate amongst the population about the importance of regular health-check along with the presence of skilled medical professionals who have access to advanced devices and medical equipment to diagnose and treat the condition works in the favor of regional growth. In Asia-Pacific, India and China could lead the expansion rate as the regional population continues to grow which means more people are prone to the condition.
The global chondrodermatitis nodularis helicis market is led by players like:
By Causes
By End-Users
By Distribution Channel
By Treatment
By Region
FrequentlyAsked Questions
Chondrodermatitis nodularis helicis (CNH) is a common medical condition that is known to impact the ear cartilage and results in the formation of small and tender nodules which can also be referred to as bumps.
The global chondrodermatitis nodularis helicis market is projected to grow owing to the increasing prevalence of the condition impacting millions of people across the globe.
According to study, The global chondrodermatitis nodularis helicis market size was worth around USD 501 Billion in 2022 and is predicted to grow to around USD 660 Billion by 2030
The CAGR value of chondrodermatitis nodularis helicis market is expected to be around 3.51% during 2023-2030.
The global chondrodermatitis nodularis helicis market is expected to witness the highest growth in North America.
The global chondrodermatitis nodularis helicis market is led by players like Johnson & Johnson, Valeant Pharmaceuticals International, Inc., GlaxoSmithKline PLC, Pfizer, Inc., Sanofi S.A., Novartis International AG, Nestle Skin Health S.A., Teva Pharmaceutical Industries Ltd., Bayer AG, Bristol-Myers Squibb Company, AbbVie, Inc., Allergan, Inc., Amgen, Inc., Galderma S.A., Merck & Co., Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company plc., Beiersdorf AG, Roche Holding AG, L'Oreal S.A., AstraZeneca PLC, Mylan N.V., Eli Lilly and Company, Leo Pharma A/S, and AbbVie Inc.
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