Nasal Polyps Treatment Market Trends 2020: Comprehensive Insights on Top Key Players, Technological Scope, Revenue Status, Current Trends and Future Investments by 2027
Global Nasal Polyps Treatment Market
Nasal polyps are benign growths occurring inside the paranasal sinuses, lining nasal passages. The size of the polyps may vary and can either grow individually or be found in clusters. These polyps can cause severe infections and breathing difficulties, and could even lead to sleep apnea in certain cases. Nasal polyps can be caused due to asthma, allergic infections, sinus infections, cystic fibrosis, etc.
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Global Nasal Polyps Treatment Market Drivers
The key players in the global nasal polyps treatment market have constantly been focusing on the development of novel approaches for the treatment of this condition, which is expected to impel the global market growth. For instance, in April 2018, Intersect ENT Inc. launched a product, SINUVA. It is a sinus implant and used for treating nasal polyps. It is a new way of treatment in patients with the past sinus surgeries. This implant contains 1.35 mg mometasone furoate which is delivered, directly to the polyps. It is implanted for a definite period of time (90 days).
Furthermore, in June 2019, Novartis AG revealed the phase III clinical trial study of Xolair, Omalizumab. It is a monoclonal antibody used for treating nasal polyps. It tends to target and block the immunoglobulin E. It was observed that the medication was generally well-tolerated in patients. Hence, such developments of treatment for nasal polyps are expected to fuel the global nasal polyps treatment market development.
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Moreoevr, increasing approvals from regulatory bodies for nasal polyps treatment is expected to drive the global nasal polyps treatment market growth in the coming years. For instance, in June 2019, Dupixent received an approval from the U.S. Food & Drug Administration (FDA) for treating nasal polyps. It was manufactured by Sanofi in partnership with Regeneron Pharmaceuticals Inc. It is the first treatment that got approved for chronic rhinosinusitis with nasal polyps. It is used when the oral steroids are unable to control the inflammation and to avoid the surgical method. Hence, such approvals are expected to impact positively on the global nasal polyps treatment market growth.
Global Nasal Polyps Treatment Market – Regional Overview
North America is expected to hold a dominant position in the global nasal polyps treatment market. Factors such as high prevalence of asthma contribute majorly to the regional market growth. Nasal polyps are triggered due to asthma and also at the same time nasal polyps can cause asthma. For instance, according to American Academy of Allergy, Asthma & Immunology 2017, published data, around 28% to 40% patients with nasal polyps are diagnosed with asthma. According to the same source, around 19% to 39% patients get nasal polyps who are already suffering from asthma. Such increasing prevalence may increase the demand for treatment of nasal polyps thereby expected to propel the global nasal polyps treatment market growth.
Global Nasal Polyps Treatment Market Restraints
Numerous side effects associated with the medication used for the treatment of nasal polyps may restrain the global nasal polyps treatment market growth in the foreseeable future. The mometasone furoate monohydrate can result in common side effects, such as headache, sore throat, muscle and joint pain, nausea, and in some cases, bleeding of the nose.
Global Nasal Polyps Treatment Market – Leading Players
Some of the major players operating in the global nasal polyps treatment market include Intersect ENT Inc., GlaxoSmithKline Plc, Merck Sharp and Dohme Corp, Teva Branded Pharmaceutical Products R and D Inc., Norton Waterford Ltd, Sanofi, Regeneron Pharmaceuticals Inc., Fougera Pharmaceuticals Inc., Glenmark, and Taro Pharmaceuticals Industries Ltd.
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By Drug Type,
By Route of Administration,
By Distribution Channel,
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Latin America
- Asia Pacific
- Middle East
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