Sinus Therapeutic Drugs Market - Global Industry Analysis

Sinus Therapeutic Drugs Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Pharmaceutical Report Format : PDF Report Code: ZMR-6260 Status : Upcoming

Description

Global Sinus Therapeutic Drugs Market: Overview

Swelling of air cavities in the openings of the nose is referred as sinus infection or sinusitis. It is caused by chemical or particulate irritation of the sinuses, allergies, or infection. Antibiotics therapy is one of the treatments for sinus infections if the symptoms such as fever, eye swelling, continued facial pain or headaches, cough, congestion, or runny nose are not improved in a couple of weeks.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Sinus Therapeutic Drugs Market: Growth Factors

The global sinus therapeutic drugs market is growing at an exponential rate. Factors such as the rise in prevalence of chronic rhinosinusitis & hay fever, increase in demand for effective treatment, and increase in clinical trials for the safety & efficacy of the sinus therapeutic drugs are fueling the growth of the global market. As per the data for sinusitis statistics for the year 2019-2020, annually, sinusitis has a major impact on nearly 30 million adults in the US. It complicates 5 percent of the upper respiratory tract infections. It has also a socioeconomic impact by causing billions of dollars. This has led to an increase in research and development activities for the development of drugs effective for the treatment of sinusitis. Thus, all these factors coupled with growing initiatives for the awareness of the disease and funding for the pharmaceutical to reduce the burden of the disease is contributing to the growth of the global sinus therapeutic drugs market. In addition to this, the rise in the number of CROs and CDMOs supporting the drug discovery processes of pharmaceuticals is also fostering the growth of the global market. Moreover, a rise in investments to expand the pipeline products and growing demand for generic drugs are propelling the growth of the market. Furthermore, innovation in drug delivery systems may lead to numerous opportunities for the growth of the global sinus therapeutic drugs market during the forecast period. However, strict regulations for the approval of drugs may hamper the growth of the global sinus therapeutic drugs market.

The ongoing COVID-19 pandemic has a positive effect on the growth of the global sinus therapeutic drugs market. The market is mainly fuelled by the increasing demand for sinus therapeutic drugs due to the nature of COVID infection. The infection is related to the respiratory tract and to avoid further complications, need for sinus treatment drugs has increased significantly. Also, the government allowed pharmaceutical companies to produce and supply these drugs which further supported the growth of the market amid the pandemic period.

Global Sinus Therapeutic Drugs Market: Segmentation

The global sinus therapeutic drugs market is fragmented based on disease type, distribution channel, route of administration, and region. Based on the disease type, the global sinus therapeutic drugs market is divided into chronic sinusitis, sub-acute sinusitis, and acute sinusitis. Based on the distribution channel, the global sinus therapeutic drugs market is split into retail pharmacies, hospital pharmacies, and online pharmacies. By route of administration, the global market is categorized into topical, oral, and injectable.

Global Sinus Therapeutic Drugs Market: Regional Analysis

North America is expected to remain the highest revenue contributor in the global sinus therapeutic drugs market. The region offers high demand for sinus therapeutic drugs owing to the high prevalence of respiratory diseases, well awareness among the people about sinus treatment, and the presence of major market players. Europe is another big market for sinus therapeutic drugs. One of the factors that are playing important role in the growth of the market is the presence large number of people suffering from sinusitis. Also, current COVID-19 pandemic conditions have spurred the demand for sinus therapeutic drugs. Asia Pacific is expected to become the next most lucrative market for sinus therapeutic drugs after North America and Europe. Current COVID-19 pandemic situations have doubled the demand for sinus-related drugs in the region.

Global Sinus Therapeutic Drugs Market: Key Players

Key players operating in the global sinus therapeutic drugs market include Novartis AG, Sun Pharmaceutical Industries, Inc., Tea Pharmaceutical Industries Ltd., Reddy’s Laboratories, Inc., Pfizer Inc., Janssen Pharmaceuticals, Inc., and Fresenius Kabi USA among others.

Global Sinus Therapeutic Drugs Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Factors such as the rise in prevalence of chronic rhinosinusitis & hay fever, increase in demand for effective treatment, and increase in clinical trials for the safety & efficacy of the sinus therapeutic drugs are fueling the growth of the global market. Furthermore, innovation in drug delivery systems may lead to numerous opportunities for the growth of the global sinus therapeutic drugs market during the forecast period.

Key players operating in the global sinus therapeutic drugs market include Novartis AG, Sun Pharmaceutical Industries, Inc., Tea Pharmaceutical Industries Ltd., Reddy’s Laboratories, Inc., Pfizer Inc., Janssen Pharmaceuticals, Inc., and Fresenius Kabi USA among others.

North America is expected to remain the highest revenue contributor in the global sinus therapeutic drugs market. The region offers high demand for sinus therapeutic drugs owing to the high prevalence of respiratory diseases, well awareness among the people about sinus treatment, and the presence of major market players.

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