Future Nasal Polyps Treatment Market Scenario, Growth Rate, Segmentation and Industry Opportunities till 2030 – Instant Interview


Main companies covered by the nasal polyps treatment market The searches are AstraZeneca plc., Regeneron Pharmaceuticals Inc., GlaxoSmithKline PLC, Novartis International AG, OptiNose US, Intersect ENT Inc., Merck & Co Inc., Sanofi SA, F. Hoffmann-La Roche AG, Teva Pharmaceutical Industries Ltdand other key market players.

In 2020, the global market value of nasal polyp treatment was over USD 1,482.7 million. The global nasal polyp treatment market is expected to grow at a compound annual growth rate (CAGR) of over 4.5% during the forecast period from 2021 to 2030.

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The global market size is the main topic of this report, with particular focus on North America, Europe, Asia-Pacific, South America, Middle East and Africa. Based on manufacturers, regions, types, and applications, this research divides the market into categories. Another extremely in-depth component of the global market research and analysis study included in the report is regional analysis. This section provides information on the expansion of several regional and national markets in terms of sales. It gives a comprehensive country-by-country volume analysis and region-by-region market size analysis of the global market for the historical and forecast period till 2028.

The lining of the nasal passages and sinuses can develop soft, painless polyps that are not cancerous. This condition results from chronic inflammation and can result from asthma, allergies, recurrent infections, or sensitivity to certain medications. A nasal polyp can be reduced or eliminated with nasal polyp treatments such as medication, and sometimes they must be surgically removed.

The number of patients with chronic rhinosinusitis with nasal polyps is increasing. They are particularly prone to depression and anxiety. Thus, chronic rhinosinusitis treatments and medications that can shrink nasal polyp size while facilitating the treatment of rhinosinusitis will become more common in the coming years and will probably lead to a revolution for the treatment of nasal polyps.

Factors affecting the market

An increase in the geriatric population suffering from chronic rhinosinusitis with nasal polyps (CRSwNP), a growing pipeline of nasal polyp treatments, and increasing research activities are contributing to the growth of the nasal polyp treatment market.

The high costs of sinus surgery and the unwanted side effects of sinus surgery, such as bleeding, cerebrospinal fluid leakage, visual disturbances, scarring, and inflammation, hinder growth. Additionally, adverse reactions to steroids such as weight gain, loss of bone minerals, and formation of cataracts in the eyes are restraining the growth of the market.

Nasal endoscopy and computerized tomography are key technologies that have created new opportunities in the global nasal polyp treatment market.

Impact of COVID-19

Globally, the COVID-19 outbreak has wreaked havoc on hospital workflows. Many industries, including a few in the healthcare sector, have been forced to close temporarily. COVID-19, however, may benefit the nasal polyp treatment market. Symptoms of nasal polyps such as loss of smell, bad taste, congestion and difficulty breathing will increase the demand for antibiotics. COVID-19 can affect the upper or lower respiratory tract. The cavernous structures of the nasal cavity may show inflammation in sinus infections. Additionally, sinus infections and COVID-19 share many similar symptoms. Due to an increase in the demand for diagnostic tests and antibiotics due to the ongoing pandemic, the nasal polyp treatment market is expected to grow. Thus, the COVID-19 outbreak has had a positive impact on the nasal polyp treatment market.

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Regional overview

Asia-Pacific presents lucrative opportunities for the major players in the nasal polyp treatment market which is expected to witness the fastest growth rate during the forecast period. The growth of healthcare infrastructure, the increase in the prevalence of nasal polyps and its associated disorders such as asthma, sinusitis, the increase in disposable income, the well-established presence of national companies and the aging of the population are contributing factors.

Purpose of the report

The global nasal polyp treatment market segmentation includes treatment type, route of administration, distribution channel, and region.

Segmentation based on processing type

Corticosteroids
Antibiotics
Leukotriene inhibitors
Others
Segmentation based on route of administration

Oral
Nasal
Others
Segmentation based on distribution channel

Hospital pharmacies
Retail pharmacies
Online pharmacies

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Segmentation based on region

North America
United States
Canada
Mexico
Europe
Western Europe
Great Britain
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
ASEAN
Rest of Asia-Pacific
Middle East and Africa (MEA)
United Arab Emirates
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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What aspects regarding the regional analysis market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa region.
  • The report consists of a detailed analysis by region of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in each region including their countries during the forecast period is included in the market report.
  • On the basis of what factors are the major market players assessed in this report?
  • The report offers a detailed analysis of the major companies in the market across the globe.
  • It provides details of major vendors involved in the market including key players
  • A comprehensive overview of each business, including company profile, revenue generated, commodity prices and
  • the products produced are included in the report.
  • Facts and figures about market competitors along with the viewpoints of major market players are presented in the report.
  • Recent developments, mergers and acquisitions related to the major players mentioned are provided in the market report.

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