Global Sinusitis Treatment Drugs Market Is Expected To Reach US$ 2,695.4 Mn During The Forecast Period 2018 - 2026

According to the latest report published by Credence Research, Inc. “Sinusitis Treatment Drugs Market- Growth, Future Prospects and Competitive Analysis, 2018-2026

According to the latest report published by Credence Research, Inc. “Sinusitis Treatment Drugs Market- Growth, Future Prospects and Competitive Analysis, 2018-2026,” the Sinusitis Treatment Drugs market was valued at USD 2,006.9 Mn in 2017, and is expected to reach USD 2,695.4 Mn by 2026, expanding at a CAGR of 3.2% from 2018 to 2026.

Browse the full report Sinusitis Treatment Drugs Market - Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/sinusitis-treatment-drugs-market

Market Insights

Sinusitis is one the most common upper respiratory tract infections with huge awareness in patents and medical professionals. Based on severity and nature, rhinosinusitis is classified into acute and chronic. It has been observed that most of the acute sinusitis cases are caused due to viral infection allied with common cold. Most of sinusitis cases are treated with decongestants, analgesics, and saline irrigation, particularly in patients to provide symptomatic relief. In addition, narrow-spectrum antibiotics are also prescribed in cases of acute sinusitis where disease condition do not improve after 7 days. According to Sinuwave Technologies Corporation, sinusitis affects around 40% of the population in the United States and results around US$ 8.6 Bn in annual treatment expenditure every year. According to medical experts, acute sinusitis is usually of viral etiology and patients are treated with supportive therapies such as nasal irrigation. In case of chronic sinusitis, patients are on multiple regimes of antibiotics, local & systemic corticosteroid therapy, and other drugs.

In year 2017, decongestant & mucolytic agents dominated the market and expected to maintain its dominance throughout the forecast period. The key factors responsible for market growth are first line of action for non-infectious sinusitis, upcoming novel technologies of drug delivery, and increasing patient-awareness has assisted the growth in disease diagnosis rate. During the forecast period from 2018 to 2016, antibiotics were observed as fastest growing segment due to key market drivers such as developing diagnostics technologies post introduction of rapid microbiology testing, its rampant use in infection treatment, and rising prevalence of bacterial infections.

North America dominated the sinusitis treatment drugs market due to key factors such as rising prevalence of sinusitis coupled with developed diagnostic technologies, and high disease awareness in patients & medical practitioners. In addition, upcoming novel drug delivery technologies are expected to assist the market growth in the near future. During the forecast period from 2018 to 2026, Asia Pacific was observed as the fastest growing region due to factors such as rising prevalence of sinusitis along with increasing awareness about the nasal & sinus disorders in patients, and developing healthcare infrastructure with skilled healthcare professionals. Swift urbanization and industrialization in key countries such as China, India, and Indonesia, leading to air pollution in urban areas and increasing the risk of sinusitis.

Market Competition Assessment:

The sinusitis treatment drugs market is matured and there are several companies operating in this market, comprises an ideal blend of domestic and global players. The key players operating in this market are Pfizer, Inc., Abbott Laboratories, Inc., Sun Pharmaceutical Industries, Ltd., Merck & Co., Inc., Teva Pharmaceutical Industries, Ltd., Janssen Pharmaceutical, Bayer AG, Novartis AG, GlaxoSmithKline plc, and Sanofi S.A.

Key Market Movements:

Increasing awareness in the general population about the severity of sinusitis and effect on quality of life Rapid penetration of market players seeking growth opportunities in Asia Pacific markets of India, China, Philippines, Indonesia, etc. Increasing levels of air pollution worldwide is one of the major causes of sinusitis In the recent years, breakthrough medical technologies have led to the introduction of balloon sinuplasty, and drug-eluting sinus stents. Several adjunctive treatments such as antimycotics, anti-IgE, anti-IL5, capsaicin and bacterial lysates etc., are other emerging options for sinusitis treatment To know more insightful information, click here @ https://www.credenceresearch.com/sample-request/59354

Loading...

Comments

No comments to display.

Related posts

Geogrids Market Higher Mortality Rates by 2025

Geogrids are a class of geosynthetics which are composed of materials such as polyesters, high-density polyethylene and polypropylene, among others.

Global Digital Map Market Size is Registering CAGR of 12.7% from 2017 to 2023

The digital map market is projected to grow at a CAGR of 12.7% from 2017 to 2023. This is attributed to increase in the use of geospatial information and rise in use of smartphones.

Privacy Management Software Market Analysis, Share and Size, Trends, Industry Growth And Segment Forecasts To 2023

Privacy Management Software Market Research Report Information, —By Application (Compliance Management, Risk Management, Reporting and Analytics), Deployment Mode, Vertical (Telecommunication & IT, BFSI, Government & Defense) – Global Forecast till 2023 Market Synopsis The Global Privacy Management Software market is expected to grow at a significant CAGR during the forecast period The reports of identity theft, accidental disclosure of customer and proprietary business information as well as successful attempts by hackers to infiltrate systems and take information are on rise. The growing concern for data privacy has increased the number of laws and regulations that are concerned regarding the information to be collected and maintained. The process of storing the information - how and where, as well as transfer of the information is being scrutinized. Get Sample Report @ https://www.marketresearchfuture.com/sample_request/7400 Segmentation The global Privacy Management Software Market is segmented into application, deployment mode, organization size, vertical and region/country. By application, the global privacy management software is segmented into compliance management, risk management, reporting and analytics, and others. By deployment mode, the global privacy management software is segmented into on-premises and cloud. By organization size, the global privacy management software is segmented into small and medium-sized enterprises (SMEs) and large enterprises. Check Discount @ https://www.marketresearchfuture.com/check-discount/7400 Regional analysis The global market for privacy management software is expected to grow at a significant CAGR during the forecast period. The geographical analysis of privacy management software market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Key Players The key players in the privacy management software market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Nymity Inc. (US), OneTrust, LLC (UK), TrustArc Inc (US), SIMBUS, LLC. (US), BigID, Inc. (US), International Business Machines Corporation (US), Protiviti Inc. (US), Proteus-Cyber Ltd. (UK), 2B Advice LLC (US), TokenEx (US), SureCloud (UK), AURA DIFUSION S.L.(US) Get More Information @ https://www.marketresearchfuture.com/press-release/privacy-management-software-market Intended Audience • Government Agencies • Privacy Management Software Service/Solution Providers • Financial Advisory/Consulting Firms • System Integrators • Research Institutes and Organizations • Technology Standards Organizations • Venture capitalist/angel investors • Information security directors/managers

Soil Stabilization Materials Market Is Expected To Register a CAGR of 6.6% during 2018-2028

Future Market Insights has announced the addition of the “Soil Stabilization Materials Market Global Industry Analysis 2018 - 2028 " report to their offering

Furfuryl Alcohol Market Approach A Value Worth US$ 1,493.7 Mn By The End Of 2028

Future Market Insights has announced the addition of the “Furfuryl Alcohol Market Global Industry Analysis 2018 - 2028 " report to their offering

High Abuse Shrink Bags Market Detailed Analytical Overview by 2027

High Abuse Shrink Bags Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Plastic-Free Packs Market Registering a Strong Growth by 2027

Plastic-Free Packs Market: Global Industry Analysis and Opportunity Assessment 2017-2027