Sinus Therapeutic Drugs Market is expected to reach US$ 6.35 billion by 2032

According to Future Market Insights (FMI), an ESOMAR-certified consultancy, the global Sinus Therapeutic Drugs Market size will reach US$ 6.35 billion by 2032, rising at a stable CAGR of 4% through 2032.

One of the most important aspects driving the Sinus Therapeutic Drugs market is the introduction of biologics.

Omalizumab is piqueing the interest of both researchers and pharmaceutical companies. It has been approved for the treatment of severe allergic asthma in Europe and the United States.

Sinus infections in adults may be caused by structurally deformed sinus glands, nasal polyps, a history of infection to the respiratory tract, and decreased immunity.

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In children, sinus-related infections could be caused due to a pacifier, getting unduly exposed to second-hand smoke, feeding at the time of laying down, and likewise. Moreover, fungal infections and pollutants drive sinusitis.

Key Takeaways

• Steroid nasal sprays had the biggest market share in 2019, and this trend is predicted to continue in the future.
• In 2019, North America accounted for more than 30% of the market.
• Antibiotics continue to be a first line of defence, and this category is expected to rise steadily through 2030.
• The Covid-19 epidemic has redirected research towards nasal drug delivery, which is expected to help the Sinus Therapeutic Drugs industry as well.

Key Participant Insights

The global market is set to witness a staggering growth in the forecast period. The market players are batting for organic as well as inorganic mode of expansion.

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For instance –

• Tiziana announced the submission of a patent application for Foralumab nasal delivery in July 2020. Foralumab is a 100% human anti-CD3 monoclonal antibody used to treat individuals with Covid-19.
• In June 2019, Sanofi and Regeneron Pharmaceuticals, Inc. announced that Dupixent (dupilumab) had been approved by the US Food and Drug Administration to be used in combination with other medications to treat CRSwNP (chronic rhinosinusitis with nasal polyposis).

The key market players covered by FMI include Bausch Health, Nоvаrtіѕ АG, Ѕun Рhаrmасеutісаl Іnduѕtrіеѕ, Іnс., Rеddу’ѕ Lаbоrаtоrіеѕ, Іnс., Теа Рhаrmасеutісаl Іnduѕtrіеѕ Ltd., Frеѕеnіuѕ Каbі UЅА, Јоhnѕоn & Јоhnѕоn, Рfіzеr Іnс., Јаnѕѕеn Рhаrmасеutісаlѕ, Іnс., and GlaxoSmithKline plc.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030.

The global Sinus Therapeutic Drugs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on Sinus Therapeutic Drugs market on the basis of drug class (Аntіhіѕtаmіnеѕ, Аnаlgеѕісѕ, Ѕulрhоnаmіdеѕ, Соrtісоѕtеrоіdѕ, Аntіbіоtісѕ, NSAID’s, and Оthеr Drug Сlаѕѕеѕ), type of disease (Acute Sinusitis, Sub-acute Sinusitis, Chronic Sinusitis), route of administration (Oral, Topical, Injectable), and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies) across seven major regions

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Key Segment

Route of Administration

• Oral
• Topical
• Injectable

Distribution Channel

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Disease Type

• Acute Sinusitis
• Sub-acute Sinusitis
• Chronic Sinusitis

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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