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Nasal Polyps Treatment Market Size 2021 Industry Growth Statistics, Latest Innovation, Key Players Analysis, Share Estimation and 2027 Regional Segmentation

Report Ocean presents a new report on nasal polyps treatment market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future.

In 2020, the nasal polyps treatment market value was more than USD 1,482.7 million. The global nasal polyps treatment market is forecast to grow at a compound annual growth rate (CAGR) of more than 4.5% during the forecast period from 2021-2027.

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

The number of patients who suffer from chronic rhinosinusitis with nasal polyps is on the rise. They are especially 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 prevalent in the coming years and will likely cause a revolution for the treatment of nasal polyps.

Factors Affecting the Market

A rise in the geriatric population suffering from chronic rhinosinusitis with nasal polyps (CRSwNP), a growing pipeline of nasal polyps treatments, and growing research activities are contributing factors driving the growth of the nasal polyps treatment market.

High sinus surgery costs and adverse side effects of sinus surgery, such as bleeding, leakage of cerebrospinal fluid, visual disturbances, scarring, and inflammation, are hampering growth. In addition, adverse reactions to steroids such as weight gain, bone mineral loss, and cataract formation in the eyes restrain the market’s growth.

Nasal endoscopy and computerized tomography are key technologies that have created new opportunities within the global market for nasal polyps treatment.

COVID-19 Impact

Globally, the outbreak of COVID-19 has caused havoc on hospital workflows. Numerous industries, including a few in the health care sector, were forced to close temporarily. COVID-19, however, may be beneficial for the nasal polyp treatment market. Nasal polyp symptoms such as a loss of smell, foul taste, congestion, and difficulty breathing will increase the demand for antibiotics. COVID-19 may affect the upper or lower respiratory tracts. Cavernous structures throughout the nasal cavity may experience inflammation in sinus infections. In addition, sinus infections and COVID-19 share many similar symptoms. Due to an increase in demand for diagnostic tests and antibiotics due to the ongoing pandemic, the nasal polyps treatment market predicts to grow. Thus, COVID-19’s outbreak has positively affected the nasal polyps treatment market.

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Regional Overview

Asia-Pacific presents lucrative opportunities for key players in the nasal polyps treatment market, which predicts to experience the fastest growth rate over the forecast period. Growth in healthcare infrastructure, rise in prevalence of nasal polyps and its associated disorders such as asthma, sinusitis, rise in disposable incomes, well-established presence of domestic companies, and the aging population are contributing factors.

Key Players

The leading prominent companies profiled in the global nasal polyps treatment market is:

AstraZeneca plc.

Regeneron Pharmaceuticals Inc.

GlaxoSmithKline PLC

Novartis International AG

OptiNose US

Intersect ENT Inc.

Merck & Co Inc.

Sanofi S.A

F. Hoffmann-La Roche AG

Teva Pharmaceutical Industries Ltd.

Other Prominent Players

Aim of the Report

The global nasal polyps treatment market segmentation consists of Type of Treatment, Route of Administration, Distribution Channel, and Region.

Segmentation based on Type of Treatment

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

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

UAE

Saudi Arabia

South Africa

Rest of MEA

South America

Brazil

Argentina

Rest of South America

What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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