Sinusitis Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Sinusitis Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : June, 2020 | Pharmaceutical | PPT format

Report Digest

Global Sinusitis Drugs Market: Overview 

Sinusitis is a common condition where the sinus linings get inflamed and disrupt the respiratory path of the patient. It is generally caused by a viral infection and dust allergies. Recently, as a result of growing cases on sinus conditions. The global sinusitis drugs market is experiencing major growth. Also, the rising prevalence of sinus in adults and children have helped the market to grow rapidly over the period of time. The growth of the global sinusitis drugs market is also attributed to the increasing number of people with a history of respiratory tract infection, compromised immunity, nasal polyps, and structural issues with the sinus glands. Owing to these factors and many more, the global sinusitis drugs market is expected to grow substantially in the forecast period of 2018 to 2028. 

A recent report by TMR Research presents an in-depth analysis of the global sinusitis drugs market. It enlightens various facets such as key growth factors, novel developments, market opportunities for the players, and challenges that a business might have to face in the global sinusitis drugs market. 

Global Sinusitis Drugs Market: Notable Developments 

 Currently, the global sinusitis drugs market has a highly competitive and fragmented scenario. The competition gets even tougher when regional players tend to enter the market. As a result of this competition, the players are adopting strategies such as mergers, collaboration, and partnerships. Moreover, the major players are acquiring various small and medium scale businesses in order to expand their resource bank and production capacity. Many businesses are investing heavily on the research and development activities in order to gain a technological edge over their rivals and stay ahead in the competition of the domination of global sinusitis drugs market. 

  • In April 2018, a U.S.-based company Intersect ENT, Inc. launched its sinus implant for treatment of nasal polyp in adults. The name of the implant was SINUVA. This implant allowed the company to attract customers who are suffering from nasal polyps and are afraid of surgery. 
  • In 2017, Olympus Corporation acquired Image Stream Medical, Inc. in order to improve its portfolio of medical solution assistance for healthcare facilities. The acquisition helped the acquirer to expand its resource bank along with production rights of the products improving the profit margin. 

Some of the most prominent competitors operating in the competitive landscape of global sinusitis drugs market include –

  • Sanofi, Merck & Co. Inc.
  • GlaxoSmithKline Plc.
  • Intersect ENT Inc.
  • CHIESI Farmaceutici Spa

Global Sinusitis Drugs Market: Key Drivers 

As a result of growing number of respiratory tract infection and rising cases of chronic rhinosinusitis (CRS) across the globe is the most common factor that is influencing the growth global sinusitis drugs market in the project time. Various technological advancements in the healthcare sector and pharmaceuticals companies are also driving the growth of global sinusitis drugs market in the forecast period. Moreover, the rising demand of antibiotics and various development in sinusitis treatments in developed and developing economies is yet again a crucial factor that is expected to influence the growth of global sinusitis drugs market over the period of time. 

Though, high cost involved in diagnostic tests, and side effects of corticosteroids may hamper the growth of the global sinusitis drugs market. The rising demand for sinusitis treatments as a result of grown pollution and poor immunity of the people, the players of global sinusitis drugs market are expected to overcome the challenges. Moreover, the choice of keeping surgeries as the last resort for the treatment of sinusitis is also a crucial factor that is projected to support the growth of global sinusitis market in the forecast period of 2018 to 2028. 

Global Sinusitis Drugs Market: Regional Analysis 

Geographically, North America is expected to witness maximum growth of sinusitis drugs market in the forecast period. The growth is attributed to the significant number of sinusitis patients in the region. The region is expected to be followed by Europe in terms of sinusitis treatment. The region is expected to grow owing to the major technological advancements and rise in invasive surgical procedures. Also, the growth is anticipated to the result of growing invasive bacterial diseases and innovations in bacterial disease diagnosis. 

The global sinusitis drugs market is segmented on the basis of: 

  • Products
    • Steroid nasal sprays
    • Antibiotics
    • Decongestants
    • Other drugs

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.