The global Chronic Rhinosinusitis Market was valued at USD 2132.5 million in 2019 and is expected to reach USD 3508.0 million by 2027, at a CAGR of 7.4%, 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.
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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.
Global Chronic Rhinosinusitis Market COVID-19 Analysis
The report offers an extensive analysis of the factors that are likely to influence the growth of the industry. The research study considers the COVID-19 pandemic a key growth influencing factor. The pandemic has negatively impacted the Chronic Rhinosinusitis industry through disruptions in global supply chains and grueling economic conditions. The report extensively analyzes the impact of the pandemic on the Chronic Rhinosinusitis market on a global as well as regional scale. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Chronic Rhinosinusitis industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Chronic Rhinosinusitis market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Chronic Rhinosinusitis market and offers revenue estimations in a post-COVID-19 scenario.
Revenue and cost profit analysis of major player dominating the Chronic Rhinosinusitis market
The report also takes into consideration the effect of the different restrictions imposed in different regions on the Chronic Rhinosinusitis industry and its key segments. It also offers a current and future impact analysis of the pandemic on the overall Chronic Rhinosinusitis market.
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
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
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The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Chronic Rhinosinusitis market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
Product Outlook (Revenue in Million USD; 2017–2027)
- Topical Nasal Steroid
- Systemic Steroids
- Nasal Irrigation
- Hypertonic and Isotonic Saline
- Steroid Nasal Irrigation
- Topical Antibiotic Therapy
- Surgical Based
- Endoscopic Intranasal Intervention
- Macrolide Therapy
- Antifungal Therapy
Disease Outlook (Revenue in Million USD; 2017–2027)
- Anatomical Differences
- Nasal Tumors
- Mucosal Edema
- Non-Allergic Rhinitis
- Immune Deficiency
Distribution Channel (Revenue in Million USD; 2017–2027)
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
The report offers a comprehensive overview of the global Chronic Rhinosinusitis market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
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North America accounted for the largest market share of approximately, 37.2% in the global chronic rhinosinusitis market in 2019 primarily due to growing incidences of chronic asthma and rhinosinusitis symptoms along with competent infrastructure and favorable reimbursement scenarios. Owing to such promising market drivers, the North American market is anticipated to grow significantly through the forecast period.
Regional Outlook (Revenue in Million USD; 2017–2027)
- North America
- Rest of the Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Key Questions Addressed in the Report:
- Who are the leading players of the Chronic Rhinosinusitis industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Chronic Rhinosinusitis market?
- Which segment is expected to garner traction during the coming years?
- Report Overview
1.1 Research Scope
1.2 Key Chronic Rhinosinusitis market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Chronic Rhinosinusitis market size
2.2 Latest trends of the Chronic Rhinosinusitis market by region
2.3 Key corporate trends
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