About Intranasal Corticosteroids
Intranasal corticosteroids belong to the family of the medicines called steroids. These steroids can be sprayed or inhaled into the nose to help relieve the stuffy nose, the discomfort of fever, irritation of other allergies, and the nasal problems. It offers small therapeutic benefits in acute sinusitis as well. According to NCBI standard, Acute sinusitis is a common condition, affecting an estimated 31 million Americans annually .
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Intranasal Corticosteroids market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GlaxoSmithKline (United Kingdom), Merck (United States), Sanofi (France), Sumitomo Corporation (Japan), Teva Pharmaceuticals (Israel), Johnson and Johnson (United States), AstraZeneca(United Kingdom), Merck & Co., Inc. (United States), Novartis AG (Switzerland) and Pfizer, Inc. (United States are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pfizer, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Intranasal Corticosteroids market by Type (Prescribed Drugs and OTC Drugs), Application (Hospital Pharmacies, Online Pharnacies and Retail Pharmacies) and Region.
On the basis of geography, the market of Intranasal Corticosteroids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Indication, the sub-segment i.e. Perennial Allergic Rhinitis (PAR) will boost the Intranasal Corticosteroids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital Pharmacies will boost the Intranasal Corticosteroids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Multi-dose Systems will boost the Intranasal Corticosteroids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Adoption of Self-Administration Practices and The Increasing Awareness about Use of Intranasal Corticosteroids
Challenges:
Compliance Of Inhaling Intranasal Corticosteroids Sprays
Restraints:
Adverse Effects of Drug Failures
Opportunities:
Increasing Demand For Self Administrative Drug Delivery and Expanding Therapeutic Applications For Intranasal Corticosteroids Sprays
Market Leaders and their expansionary development strategies
In December 2019 Sanofi acquired synthrox for its immuno-oncology pipeline. This merger helps to build a portfolio of high-quality assets and to lead with innovations. This acquisition is focused on prolonging and improving the lives of people suffering from cancer and autoimmune disorders, entered into a definitive agreement.
In June 2019,Regeneron Pharmaceuticals, Inc. and Sanofi announced the U.S. Food and Drug Administration (FDA) has approved Dupixent (dupilumab) for use with other medicines to treat chronic rhinosinusitis with nasal polyposis (CRSwNP) in adults whose disease is not controlled. CRSwNP can be a debilitating condition, with many patients opting for systemic steroids or nasal surgery, which often cannot control this disease. Moreover, CRSwNP often occurs in combination with severe asthma.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Intranasal Corticosteroids Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.