About Nasal Polyposis Drug
Nasal polyposis are common, noncancerous, teardrop-shaped growths that form in the nose or sinuses. They’re usually found around the area where the sinuses open into the nasal cavity. Nasal polyposis is often linked to allergies or asthma, they may cause no symptoms, especially if they're small and don’t need treatment. Nasal polyposis drugs are used to treat these types of diseases. The rising prevalence of various cancers, immunological disorders, and the increasing geriatric population are the major driving factors for the global nasal polyposis drug market.
Attributes | Details |
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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 Nasal Polyposis Drug 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.
Sanofi S.A (France), OptiNose US, Inc. (United States), Merck & Co Inc. (United States), Intersect ENT Inc. (United States), GlaxoSmithKline PLC (United Kingdom), Teva Pharmaceutical Industries Ltd. (Israel), Regeneron Pharmaceuticals Inc. (United States), F. Hoffmann-La Roche AG (Switzerland), Novartis International 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 Allakos Inc (United States) and Cumberland Pharmaceuticals Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Nasal Polyposis Drug market by and Region.
On the basis of geography, the market of Nasal Polyposis Drug 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 Route of Administration, the sub-segment i.e. Oral will boost the Nasal Polyposis Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Nasal Polyposis Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Corticosteroids will boost the Nasal Polyposis Drug 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. Hospitals will boost the Nasal Polyposis Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising in the demand for Corticosteroids Treatment and Its Availability in Various Dosage forms like Injections
Market Growth Drivers:
Increasing Prevalence of Nasal Polyposis Worldwide and Emerging Markets and Rising Cases of Nasal Sinuses and Allergies across the Globe
Challenges:
Various Side Effect due to the Consumption of Nasal Polyposis Drug
Restraints:
Strict Regulation Regarding Approval
Opportunities:
Continuous focus on Developing new Technology and Increased Funding on the Research by Various Manufacturers
Market Leaders and their expansionary development strategies
On 26th June 2019, The U.S. Food and Drug Administration has approved Dupixent (dupilumab) to treat adults with nasal polyps (growths on the inner lining of the sinuses) accompanied by chronic rhinosinusitis (prolonged inflammation of the sinuses and nasal cavity). This is the first treatment approved for inadequately controlled chronic rhinosinusis with nasal polyps.
On 1st December 2020, Genentech has announced that the U.S. Food and Drug Administration (FDA) has approved the company’s supplemental Biologics License Application (sBLA) for Xolair (omalizumab) for the add-on maintenance treatment of nasal polyps in adult patients 18 years of age and older with inadequate response to nasal corticosteroids.
Key Target Audience
Nasal Polyposis Drug Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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.