Nonallergic Rhinitis Market Demand 2020 | Key Findings, Regional Analysis, Covid19 Impact, Key Players Profiles and Future Prospects
Research Reports
Jan 03, 2021
Nonallergic Rhinitis Market Share, Growth And Trends Analysis By Diagnosis (Physical Examination, Allergy Testing, And Imaging Test), By Treatment (Nasal Sprays, Nsaids), And By End User (Hospitals &, Clinics, Research Centers) – Global Forecast Till 2023
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Overview:
Nonallergic rhinitis, also known as vasomotor rhinitis is a medical condition that refers to a set of symptoms that resemble nasal allergies and hayfever (allergic rhinitis) occurring without a known cause. Some of the symptoms of non-allergic rhinitis include Postnasal drip, Runny nose, Sneezing, and Stuffy nose among others. Some patients with nonallergic rhinitis may even develop allergies and asthma eventually, hence treating the condition well in time becomes essential.
Although causes triggering the non-allergic rhinitis are unknown, environmental irritants are considered as common triggers of this condition. Treatment of nonallergic rhinitis depends on its severity, for instance; for mild cases, home treatment and avoiding triggers may be enough whereas, for some typically serious conditions, certain medications are referred such as nasal antihistamines, oral decongestants, and over-the-counter (OTC) drugs or prescription medications.
There are a number of novel treatments already available in the market, that along with the several ongoing research activities to discover breakthrough therapeutics and drugs to treat the conditions drive the growth of the non-allergic rhinitis market. Moreover, major factors such as the rising prevalence of nonallergic rhinitis along with the increasing demand for diagnosis and treatment of conditions are escalating the market on the global platform.
Acknowledging the heightened growth, the Nonallergic Rhinitis Market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global nonallergic rhinitis market is expected to register approximately 5.3% CAGR, creating a significantly larger revenue pocket throughout the assessment period (2017 – 2023).
Additional factors propelling the market growth include increasing population, urbanization, and industrialization led by the improving economic conditions that are expanding access to the quality healthcare, increasing healthcare expenditure. Furthermore, the burgeoning healthcare industry alongside the splendid research in the field of immunology boosts market growth.
On the other hand, factors such as the increasing competition among key players impede the market growth, acting as a barrier of new entrants. Nevertheless, factors such as the growing focus on the development of new medications and the increasing use of non-steroidal anti-inflammatory drugs (NSAIDs) are expected to support market growth throughout the review period.
Global Nonallergic Rhinitis Market – Segmentations
The MRFR analysis is segmented into four key dynamics for enhanced understanding.
By Diagnosis: Physical Examination, Allergy Testing, and Imaging Test among others.
By Treatment: Nasal Sprays and NSAIDs among others.
By End-user: Hospitals & Clinics and Research Centers among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Nonallergic Rhinitis Market – Geographical Analysis
The North American region dominates the global nonallergic rhinitis market with a significant market share. The market is further expected to create a substantial revenue pocket growing at a considerable CAGR throughout the review period (2017-2023). Factors such as well-developed healthcare sector and increasing prevalence of nonallergic rhinitis coupled with the high per capita healthcare expenditures drive the growth in the regional market. Moreover, the consequent increase in the demand for new diagnostic and treatment services alongside the presence of key players in the region drives the market growth. Additionally, a well-spread awareness about morbidity due to nonallergic rhinitis positively influences the growth of the market in the region.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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