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The nasal polyps treatment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nasal Polyps Treatment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The nasal polyps treatment market size has grown strongly in recent years. It will grow from $4.83 billion in 2023 to $5.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to surgical procedures, steroid medications, allergic rhinitis, chronic sinusitis, environmental factors.
The nasal polyps treatment market size is expected to see strong growth in the next few years. It will grow to $7.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to drug development, personalized medicine, telehealth services, patient-centric care, regulatory approvals. Major trends in the forecast period include diagnostic technologies, medical advancements, biologic therapies, immunotherapies, collaborative research.
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Scope Of Nasal Polyps Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Nasal Polyps Treatment Market Overview
Market Drivers –
Rising healthcare expenditure is expected to drive the nasal polyps treatment market. Healthcare expenditure refers to the total monetary resources spent by individuals, governments, and organizations within a given healthcare system to cover the costs of medical services, treatments, medications, and healthcare infrastructure. As healthcare budgets expand, there will likely be greater resources allocated to the diagnosis, management, and treatment of nasal polyps. This financial commitment can lead to improved patient access to advanced therapies, innovative treatment options, and enhanced research and development, ultimately fueling the market’s growth. For example, according to the Economic Survey of 2022, an annual document of the Ministry of Finance of the Government of India, India’s public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21. Therefore, the rising healthcare expenditure will drive the nasal polyps treatment market.
Market Trends –
New product innovation is a key trend gaining popularity in nasal polyps treatment. Major companies operating in the nasal polyps treatment market are focusing on new product innovations to strengthen their position in the market. For instance, in July 2021, GlaxoSmithKline PLC., a UK-based pharmaceutical company, announced the approval for Nucala (mepolizumab) by US Food and Drug Administration (FDA). Nucala (mepolizumab) is a monoclonal antibody that targets interleukin-5 (IL-5) and is a treatment for patients with chronic rhinosinusitis and nasal polyps. This new indication for mepolizumab is for the maintenance treatment of CRSwNP in adult patients aged 18 and up who have not responded to nasal corticosteroids.
The nasal polyps treatment market covered in this report is segmented –
1) By Type: Pharmacological Therapies, Surgeries
2) By Route: Oral, Nasal, Other Routes
3) By Distribution: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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Regional Insights –
North America was the largest region in the nasal polyps treatment market in 2023 Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nasal polyps treatment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the nasal polyps treatment market include Sanofi SA, GlaxoSmithKline plc, F. Hoffmann La Roche AG, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Bayer AG, Boehringer Ingelheim International GmbH, Cipla Ltd., Circassia Pharmaceuticals plc, Dr. Reddy’s Laboratories Ltd., Genentech Inc., Glenmark Pharmaceuticals Ltd., Johnson & Johnson Services Inc., Lupin Limited, Meda AB, Mundipharma International Limited, Mylan N.V., Novartis AG, Optinose US Inc., Orion Corporation, Pfizer Inc., Regeneron Ireland DAC, Regeneron Pharmaceuticals Inc., Roche Holding AG, Sandoz International GmbH, Stallergenes Greer plc, Sun Pharmaceutical Industries Ltd., Vectura Group plc, Zydus Cadila Ltd.
Table of Contents
1. Executive Summary
2. Nasal Polyps Treatment Market Report Structure
3. Nasal Polyps Treatment Market Trends And Strategies
4. Nasal Polyps Treatment Market – Macro Economic Scenario
5. Nasal Polyps Treatment Market Size And Growth
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27. Nasal Polyps Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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