Global Acute Viral Rhinosinusitis Treatment
Market Report
2024
The Global Acute Viral Rhinosinusitis Treatment market size is USD 1.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global acute viral rhinosinusitis treatment market size is USD 1.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Acute Viral Rhinosinusitis Treatment Market Sales Revenue 2022 | $ 1.9 Billion |
Global Acute Viral Rhinosinusitis Treatment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Diagnosis |
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Market Split by Distribution Channel |
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Market Split by Treatment |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Acute Viral Rhinosinusitis Treatment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
One of the most typical illnesses for which patients seek medical attention is rhinosinusitis or sinusitis. It is characterized as symptomatic inflammation of the paranasal sinuses and nasal mucosa (rhinitis and sinusitis). The increase in rhinosinusitis cases and the creation of effective treatment plans. Demand is also driven by rising government activities in many nations to produce novel, efficient medicines.
For instance, in July 2022, Optinose announced the outcomes of pre-planned analyses from the ReOpen trial program testing XHANCE for the treatment of individuals with chronic sinusitis were made public by Optinose. The XHANCE (fluticasone propionate) nasal spray is a drug-device combination product that combines an anti-inflammatory drug with its exclusive Exhalation Delivery System (EDS), which is specially engineered to deliver pharmaceuticals high and deep in nasal passageways.
Sinus infections are becoming more common in both adults and children. Adults with a history of respiratory tract infections, weakened immunity, structural problems with the sinuses, and nasal polyps are among those most likely to develop sinus infections. Children who use pacifiers, attend daycare, feed while lying down, or are exposed to secondhand smoke are at risk of developing sinusitis. As a result, the market for medications used to treat sinusitis is expanding due to the rising incidence of sinusitis.
According to the National Library of Medicine, the incidence rate of chronic sinusitis is approximately 10.9% in Europe, 13% in the United States, 6.95% in South Korea, and 8% in China, according to a report published in the National Library of Medicine in February 2021. This may boost the demand for antibiotics.
(Source:www.ncbi.nlm.nih.gov/pmc/articles/PMC7916625/)
In addition, government initiatives to promote digitization are projected to continue to create profitable commercial possibilities for both established industry participants and fresh entrants. Researchers in medicine can now make discoveries about data collecting, therapies, and symptoms of acute viral rhinosinusitis because to the introduction of digital twins, artificial intelligence (AI) and machine learning (ML), virtual reality, and advances in cloud software. Access to affordable, cutting-edge software lowers the cost of research and treatment.
The expansion of the worldwide sinusitis treatment medicines market over the forecast period may be restrained by a shortage of qualified healthcare providers who are unable to treat these patients with the proper remedies. The high cost of treating sinusitis, which includes expensive drugs kinds such as analgesics, antihistamines, and corticosteroids, restrains market expansion.
Since COVID-19 and sinus infection share similar symptoms, it is important to differentiate between the two. Investors in the sinusitis treatment industry are becoming increasingly aware that whereas sinusitis is associated with a dry cough, coronavirus is associated with a cough that produces mucus. Therefore, there is insufficient data to conclusively link COVID-19 to sinusitis. Investors in the sinusitis treatment industry are becoming more aware of telemedicine and e-health to lessen the burden on medical professionals and reduce clinical visits because the symptoms of sinus overlap with those of COVID-19. Urban residents' use of digital consultations is fast increasing. Investors in the value chain are looking for chances for future growth in telemedicine to enhance its use in rural areas.
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The market for acute viral rhinosinusitis treatment has a very active and diverse competitive environment. It comprises various treatment providers, by significant hospitals and clinics. Due to globalization and technological development, there is fierce competition among businesses to provide cutting-edge solutions and acute viral rhinosinusitis treatment.
July 2021: According to GlaxoSmithKline plc (GSK), the US FDA has authorized Nucala (mepolizumab), a monoclonal antibody that targets interleukin-5 (IL-5), as a therapy for persons with chronic rhinosinusitis with nasal polyps (CRSwNP).
Top Companies Market Share in Acute Viral Rhinosinusitis Treatment Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2022 and accounted for major market revenue. Over the course of the projected period, increasing awareness campaigns and clinical trials are anticipated to accelerate market expansion. According to a May 2022 article titled "Sinusitis," sinusitis is one of the most frequent causes of clinical visits in the United States and results in 73 million days of limited activity in a calendar year. Additionally, the active presence of important players and health awareness are anticipated to fuel market expansion in this area. For instance, the United States Food and Drug Administration expanded the indications for using ClearUp sinus pain relief medication in March 2021 to include the management of congestion. To test whether a sinus power wash plus sinonasal microbiota transfer (SNMT) improves clinical outcomes in chronic sinusitis (CRS) patients within 45 days compared to a sinus power wash and sham SNMT, St. Paul's Hospital in Canada began a randomised, double-blind, placebo-controlled trial with 80 participants in July 2022.
A significant growth in the global sinusitis treatment drug market has been observed in Asia-Pacific over the course of the anticipated period as a result of rising disease awareness and the rapid rise in bacterial and viral illnesses. The major factors propelling the APAC market growth are rapid urbanisation, rising acute viral rhinosinusitis cases treated, popularity of evidence-based pharmacotherapy.
The current report Scope analyzes Acute Viral Rhinosinusitis Treatment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Acute Viral Rhinosinusitis Treatment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Acute Viral Rhinosinusitis Treatment Industry growth. Acute Viral Rhinosinusitis Treatment market has been segmented with the help of its Diagnosis, Distribution Channel Treatment, and others. Acute Viral Rhinosinusitis Treatment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, medical history segment hold the largest market share during the forecast period. It is crucial to distinguish this entity from allergy or vasomotor rhinitis and typical upper respiratory illnesses by understanding how it presents. Since no particular clinical symptom or sign is sensitive or specific for acute sinusitis, therapy should be based on the overall clinical impression. Smoking, advanced age, flying, being exposed to variations in atmospheric pressure, swimming, asthma, allergies, dental problems, and immunodeficiency are risk factors. An assessment for rhinosinusitis should look for a history of occupational or allergic rhinitis, vasomotor rhinitis, nasal polyps, rhinitis medicamentosa, or immunodeficiency.
Imaging tests anticipated to hold the highest market share. Your sinuses and nasal area can be seen in detail in CT or MRI images. These could identify a physical obstruction or deep inflammatory condition that is difficult to see with an endoscope, such as polyps, tumours, or fungi. Your sinuses and nasal area can be seen in detail in CT or MRI images. These could identify a physical obstruction or deep inflammatory condition that is difficult to see with an endoscope, such as polyps, tumours, or fungi.
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Hospital pharmacies are expected to hold the largest market share during the forecast period. The growth of hospital pharmacies as well as expanding public and private investments in the accessibility of nonsteroidal anti-inflammatory medications, are major contributors in this category. Following numerous patient visits to hospitals for sinus treatment, the hospital segment is anticipated to hold the majority of the market share for acute sinusitis.
Diagnostics centers/multispecialty clinics are anticipated to hold the major market share during the forecast period. This is due to factors such as increasing research and development in diagnostics centres and advancement is treatment for rhinosinusitis. Furthernore, increasing infrastructure also helping in the better treatment for patients visited in the multispecialty clinics or diagnostics centres.
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According to Cognitive Market Research, nasal corticosteroids segment is expected to hold the largest market share. It significantly lessens inflammation. It is frequently used to treat symptoms like mucus production, sinus congestion, and nasal swelling. Anti-inflammatory medications that can spray into nose include steroid nasal sprays, sometimes known as corticosteroid nasal sprays. Nasal steroid sprays can be utilised as a long-term remedy. Steroids can lessen swelling and irritation when sprayed into the nose. This can lessen the severity of symptoms including sneezing and runny or congested noses. Additionally, it can aid in minimising any swellings.
Decongestants are the second fastest growing segment in the market. For the treatment of acute rhinosinusitis, nasal decongestants are advised to lessen the effects of frequently incapacitating nasal congestion. Additionally, they are advised for rhinoscopic examinations and for cleaning the nasal mucosa in advance of endonasal surgery. Topical decongestants are frequently used to treat upper respiratory tract infections, allergic rhinitis, acute or chronic rhinosinusitis, nasal polyps, and nasal congestion. This exercise discusses the aetiology and pathophysiology of medicamentosa rhinitis and emphasises the function of the multidisciplinary team in its management.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
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The Global Acute Viral Rhinosinusitis Treatment Market is witnessing significant growth in the near future.
In 2023, the Medical History segment accounted for noticeable share of global Acute Viral Rhinosinusitis Treatment Market and is projected to experience significant growth in the near future.
The Diagnostics Centers/Multispecialty Clinics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Sun Pharmaceutical Industries , Pfizer and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Diagnosis | Medical History, Nasal Endoscopy, Imaging Tests, Olfactometry, Nasal Cultures, Allergy Test |
Distribution Channel | Diagnostics Centers/Multispecialty Clinics, Hospitals, Hospital Pharmacies, Online Pharmacies, Others |
Treatment | Nasal Corticosteroids, Saline Nasal Spray, Decongestants, NSAIDs, Allergy Medications, Others |
List of Competitors | Sun Pharmaceutical Industries, Inc., Pfizer, Inc., Janssen Pharmaceuticals, Inc. (Johnson & Johnson), , Fresenius Kabi USA, LLC, Reddy\'s Laboratories, Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., Sanofi, Abbott Laboratories, Bayer AG, Eli Lilly and Company, Bristol-Myers Squibb, Merck & Co, Inc., AstraZeneca plc, Amneal Pharmaceuticals LLC, GlaxoSmithKline plc., Aurobindo Pharma, Hikma Pharmaceuticals plc, Wockhardt, Mylan N.V |
This chapter will help you gain GLOBAL Market Analysis of Acute Viral Rhinosinusitis Treatment. Further deep in this chapter, you will be able to review Global Acute Viral Rhinosinusitis Treatment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Diagnosis Analysis 2019 -2031, will provide market size split by Diagnosis. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Diagnosis Analysis 2019 -2031
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Chapter 11 Market Split by Distribution Channel Analysis 2019 -2031
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Chapter 12 Market Split by Treatment Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Acute Viral Rhinosinusitis Treatment market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Medical History have a significant impact on Acute Viral Rhinosinusitis Treatment market? |
What are the key factors affecting the Medical History and Nasal Endoscopy of Acute Viral Rhinosinusitis Treatment Market? |
What is the CAGR/Growth Rate of Diagnostics Centers/Multispecialty Clinics during the forecast period? |
By type, which segment accounted for largest share of the global Acute Viral Rhinosinusitis Treatment Market? |
Which region is expected to dominate the global Acute Viral Rhinosinusitis Treatment Market within the forecast period? |
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