This sounds like an improvement over q tips since they would actually be removing the wax and not accidentally shoving it further in.
The treatment I've seen for out of the ordinary earwax accumulation was warm water sprayed using a bulb syringe.
For ordinary wax, you can use hydrogen peroxide or carbamide peroxide. This is far more effective than water.
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Same tool is a good substitute for use to irrigate the nose with neti pot solutions. A doctor once whispered to me 'big pharma doesn't want you to know about them'.