Chronic Rhinosinusitis Market Emerging Trends, Demand, Revenue and Forecasts Research 2027

Research Reports

Jan 20, 2021

Market Size – USD 2132.5 Million in 2019, Market Growth – CAGR of 7.4%, Market Trends– growing prevalence of chronic asthma, potential investment opportunities and technological advancements is expected to fuel the market in the forecast period

According to the current analysis of Emergen Research. Development and manufacture of proficient sinusitis drugs are likely to be highly demanded for efficient treatment of chronic rhinosinusitis as, pollutants, fungal infections and allergies immensely contribute to the rising incidence of rhinosinusitis. Moreover, growing prevalence of growing prevalence of chronic asthma, inflammation of mucosal linings of the nasal passage, and cases of paranasal sinuses are expected to fuel the growth prospects of chronic rhinosinusitis market in the forecast period. Roughly more than 15 million people suffer from chronic symptoms of rhinosinusitis in the United States, that is, prevalence of chronic rhinosinusitis ranges from 1% to 5% of the total US population. Chronic rhinosinusitis is primarily characterized by nasel blockage, inflammation of the sinus and nasel linings, facial pain along with rhinorrhea and loss of sense of smell. Effective treatment includes improvement in sinus outflow, enhancement of mucociliary clearance and elimination of inflammation and local infection among other associated treatments.

Additionally, increase in implementation of minimally invasive surgical procedures, widespread awareness concerning the symptoms of the target disease across regions and technological progressions among other favorable scenarios are likely to augment the growth of industry during the period of 2020-2027. However, low preference towards sinus surgical undertakings, post-surgery risks of sinus treatment and high cost of treatment may hinder the growth of chronic rhinosinusitis market in the forecast period.

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Due to considerable employability of antibiotics and their effectiveness in efficiently treating chronic rhinosinusitis, antibiotics product segment held largest market share of 41.6% in 2019 and is likely to dominate the industry during 2019-2027

Immune deficiency disease segment in the disease outlook registered highest CAGR of 7.1% in 2019 whereas, anatomical differences disease segment accounted for largest market share of approximately 37.5% owing to increase in prevalence of target disease across the globe

Regeneron Pharmaceuticals and Sanofi’s Dupixent (Dupilumab) was approved in June 2019, by US Food and Drug Administration (FDA). This drug is customized for adults with incompetently controlled chronic rhinosinusitis along with nasal polyposis

Owing to favourable reimbursement policies, high prevalence of target disease and technological advancements among other encouraging scenarios North America accounted for largest market revenue with significant market share of 37.2% in 2019

Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA

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Key market companies studied and profiled for this research include AstraZeneca, Bayer AG, Ivax Pharmaceuticals, Pfizer, Novartis Pharmaceuticals Corporation, Sanofi, Sunovion Pharmaceuticals, Cipla, Smith & Nephew, Medtronic, SinuSys Corporation, Olympus Corporation and Acclarent among other companies

Product Outlook (Revenue in Million USD; 2017–2027)

Steroids

Topical Nasal Steroid

Systemic Steroids

Nasal Irrigation

Hypertonic and Isotonic Saline

Steroid Nasal Irrigation

Topical Antibiotic Therapy

Surgical Based

Ethmoidectomy

Endoscopic Intranasal Intervention

Others

Antibiotics

Amoxicillin-Clavulanate

Clindamycin

Sulfamethoxazole

Levofloxacin

Macrolide Therapy

Antifungal Therapy

Disease Outlook (Revenue in Million USD; 2017–2027)

Anatomical Differences

Nasal Tumors

Mucosal Edema

Non-Allergic Rhinitis

Immune Deficiency

Other

Distribution Channel (Revenue in Million USD; 2017–2027)

Hospital Pharmacies

Retail Pharmacies

Drug Stores

Other

Helping you establish a strong foothold in the industry

The Chronic Rhinosinusitis report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.

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The research provides answers to the following key questions:

What is the estimated size of the Chronic Rhinosinusitis market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?

What are the prominent driving forces likely to impact the progress of the industry across different regions?

Who are the major market players occupying a strong foothold in the Chronic Rhinosinusitis market? What are the winning strategies adopted by them to stay ahead in the competition?

What are the potential opportunities for the Chronic Rhinosinusitis market for the forecast period, 2020 – 2027?

What are the key trends expected to shape the development of the industry over the coming years?

What are the key restraints and challenges likely to hinder the growth of the Chronic Rhinosinusitis market worldwide?

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