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Global Nasal Polyps Treatment Market Overview 2020: Competitive Landscape, Market Segmentation and Market Growth Analysis 2027

Summary

Global nasal polyps treatment market is rising gradually with a substantial CAGR 5.3% in the forecast period of 2020-2027. This report contains the data of base year 2019 and historic year of 2018.  Screening methods, increasing geriatric population and development pf […]

Global nasal polyps treatment market is rising gradually with a substantial CAGR 5.3% in the forecast period of 2020-2027. This report contains the data of base year 2019 and historic year of 2018.  Screening methods, increasing geriatric population and development pf newer minimal invasive therapies are expected to propel the market growth.

Global nasal polyps treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nasal polyps treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Some of the key players profiled in the report are Regeneron Pharmaceuticals, Inc., Novartis AG, GlaxoSmithKline plc., OptiNose US, Inc., Lyra Therapeutics, Intersect ENT, Inc., Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Sanofi, F. Hoffmann-La Roche Ltd, Blacksmith Surgical, Pfizer Inc., Bausch Health, Alkermes, AstraZeneca, Mallinckrodt, Dr. Reddy’s Laboratories Ltd, Lonza, among others.

Key Developments in the Market:
  • In June 2019, Novartis AG announced the positive topline results of phase III clinical trial studies of Xolair (omalizumab), an immunoglobulin E (IgE) blocker used for the treatment of patients with chronic rhinosinusitis with nasal polyps. The purpose of this study is for evaluation of safety and efficacy profile of the drug. Xolair is a potent drug that can replace intranasal corticosteroids and nasal polyp surgery
  • In June 2019, Regeneron Pharmaceuticals, Inc. received the U. S. FDA approval for Dupixent (dupilumab), the first drug that is used for the treatment of patients with chronic rhinosinusitis with nasal polyps. This drug is potentially beneficial for patients that do not respond to intranasal steroids used in nasal popyps condition. Additionally, use of dupixent will reduce the requirement of nasal polyp surgery

Market Drivers

    • Increasing geriatric population that are more vulnerable for development of nasal polyps is expected to drive the market growth
    • Growing screening for diagnosis of asymptomatic diseases like nasal polyps, boosting the market growth
    • Rising awareness about the disease and its complications drive the growth of market
  • Development of minimally-invasive surgical treatments and therapies will fuel up the global nasal polyps treatment market

Market Restraints

  • Factors that hinders the market growth are bleeding and infection during surgery
  • Low healthcare expenditure in some countries hampers the market growth
  • High cost treatment options and post-surgical complications are major restrains for the market growth

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Segmentation: Global Nasal Polyps Treatment Market

By Type

(Ethmoidal Polyp, Antrochoanal Polyp and Others),

Related Diseases

(Chronic Sinusitis, Cystic Fibrosis (CF), Allergic Fungal Sinusitis (AFS) and Others),

Complications

(Obstructive Sleep Apnea, Sinus Infections and Others),

Diagnosis

(Nasal Endoscopy, Blood Test, Allergy Tests and Others),

Treatment

(Medication, Surgery and Others),

Medication

(Nasal Corticosteroids, Medication to Treat Nasal Polyps and Chronic Sinusitis and Others),

Route of Administration

(Oral, Injectable and Others),

End Users

(Hospitals, Homecare, Specialty Clinics, Others),

Distribution Channel

(Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others),

Geography

(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Key Questions Answered In This Report

  1. What will the market size be in 2027 and what will the growth rate be?
  2. What are the key market trends?
  3. What is driving this market?
  4. What are the challenges to market growth?
  5. Who are the key vendors in this market space?
  6. What are the market opportunities and threats faced by the key vendors?

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