07-Apr-2021

Anosmia Market Growth to register a CAGR of 6.7% to reach US$ 3,950.3 Million by 2025, Says CMI

SEATTLE, April 07, 2021, (PHARMIWEB) — Overview:

Anosmia, blindness of smell, is the loss of ability to smell. Anosmia may be temporary or permanent. Anosmia is considered as a rare condition, instead of it is probably more common than most people think. According to Fifth Sense, UK, in 2020, various studies and research conducted in many countries show that prevalence of smell loss worldwide is 0.1% to over 5%.

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Global Anosmia Market – Impact of Coronavirus (COVID – 19) Pandemic

The COVID-19 epidemic is expected to hinder the growth of the global anosmia market during the forecast period. The COVID-19 epidemic and the devastating effects in various parts of the world have had an impact on the financial situation of businesses in all sectors. The private health sector has been severely affected by the COVID-19 epidemic. The lockdowns have disrupted the supply, distribution and production of medicines around the world.

Furthermore, the coronavirus epidemic has disrupted the development, clinical trials, production, and supply of drugs and other health products and has affected the growth of health care businesses in various companies around the world. According to the Indian Journal of Medical Sciences, June 6, 2020, the COVID-19 pandemic has affected the conduction of clinical trials due to unavailability of trial site staff, restrictions for travelling, investigational product availability, and others. As a result, the impact of the COVID-19 pandemic is expected to limit growth of the global anosmia market during the forecast period.

The global anosmia market is estimated to be valued around US$ 2,500.7 million in 2020 and is expected to register a CAGR of 6.7% over the forecast period (2020-2027).

Figure 1: Global Anosmia Market Share (%) Analysis, By Type, 2020

Drivers:

Rising cases of anosmia is expected to propel growth of the global anosmia market over the forecast period.

Increasing number of anosmia cases is expected to drive the global anosmia market growth over the forecast period. For instance, according to an article published by the ENT UK at The Royal College of Surgeons of England in 2020, reports that novel COVID-19 virus causes anosmia in infected patients.

Moreover, the as per the same source, ENT UK at the Royal College of Surgeons of England in 2020, also reports that 30% of patients in South Korea, have anosmia. Similarly, according to the same source in Germany it is reported that over two-thirds of the confirmed cases have anosmia.

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Restraints:

Lack of approved medications or drugs for anosmia is a major factor that is expected to hamper global anosmia market growth. Currently, decongestants, antihistamines, and steroid nasal sprays are used off label for the treatment of the anosmia.

Regional Analysis:

Among region, the global anosmia market is segmented into North America, Europe, Latin America, Asia Pacific, Africa, and Middle East,

North America is expected to witness significant growth of the global anosmia market over the forecast period, due to rising anosmia cases in the region. For instance, according to an article published by the National Center for Biotechnology Information (NCBI) in 2017, reports that anosmia affects 3.2% (3.4 million people) of U.S. adults, who are aged above 40 years.

Figure 2: Global Anosmia Market Value (US$ Mn), by Region, 2020

Competitive Landscape:

Some of the major players operating in the global anosmia market such as, Mylan N.V., RANBAXY LABORATORIES LIMITED, Atom Pharma, Alde Medi Impex, Pfizer Inc., Sandoz (Novasrtis AG), GlaxoSmithkline plc, Taj Pharmaceuticals Limited, Inke S.A., and Sanofi, amongst others.

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Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Overview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snippet, By Type
  - Market Snippet, By Treatment
  - Market Snippet, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
- Key Highlights
- Product Pipeline
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- Merger and Acquisition Scenario
- Market Share Analysis
Anosmia Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- COVID-19 Impact on the Anosmia
Global Anosmia Market, By Type, 2016 – 2027 (US$ Million)
- Introduction
  - Market Share Analysis, 2020 and 2027 (%)
  - Y-o-Y Growth Analysis, 2017 – 2027
  - Segment Trends
- Idiopathic Anosmia
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Congenital Anosmia
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
Global Anosmia Market, By Treatment, 2016 – 2027 (US$ Million)
- Introduction
  - Market Share Analysis, 2020 and 2027 (%)
  - Y-o-Y Growth Analysis, 2017 – 2027
  - Segment Trends
- Therapies
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    - Nasal Endoscopy
    - Imaging
  - Medications
    - Introduction
    - Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
      - Decongestants
      - Antihistamines
      - Steroid Nasal Sprays
Global Anosmia Market, By Region, 2016 – 2027 (US$ Million)
- Introduction
  - Market Share Analysis, By Region, 2020 and 2027 (%)
  - Y-o-Y Growth Analysis, For Regions, 2017 – 2027
  - Regional Trends
- North America
  - Market Size and Forecast, By Type, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Treatment, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
    - U.S.
    - Canada
- Latin America
  - Market Size and Forecast, By Type, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Treatment, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Europe
  - Market Size and Forecast, By Type, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Treatment, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
    - Germany
    - U.K.
    - France
    - Italy
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - Market Size and Forecast, By Type, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Treatment, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East
  - Market Size and Forecast, By Type, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Treatment, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
    - GCC
    - Israel
    - Rest of Middle East
- Africa
  - Market Size and Forecast, By Type, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Treatment, 2016 – 2027 (US$ Mn)
  - Market Size and Forecast, By Country/Region, 2016 – 2027 (US$ Mn)
    - South Africa
    - Central Africa
    - North Africa
Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Analyst Views
Section
- References
- Research Methodology
- About us and Sales Contact

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Last Updated: 07-Apr-2021