Sinusitis treatment drugs market valued at about USD 2.1 billion in 2019 and expected to reach about USD 2.9 billion by 2029 with an estimated CAGR of 3% during the forecast period of 2021 to 2029.
Sinustis is defined as an inflammation of paranasal sinuses. Key causes include autoimmune reactions, allergy or physical obstruction. Sinusitis could be acute (symptoms lasting for 4 weeks) or chronic (symptoms extending more than 12 weeks). Acute sinusitis usually is caused by virus and effective method of treatment were nasal irrigation. For chronic sinusitis, patients were prescribed with antibiotics, topical and corticosteroids, and other medications. Sinusitis affects nearly 40% of the US population, with annual treatment costs of $ 8.6 million. Such high prevalence especially among the urban population has been the prime driving factor. Increasing pollution due to urbanization, air and water pollution has made the people more vulnerable to bacteria and viruses causing sinusitis. In addition, there has been significant transformation in the diagnosis of sinusitis from merely physical examination to application of endoscopy and computed tomography (CT) have improved the process of diagnosis and eventually increased the diagnosis rate.
Browse the full report Sinusitis Treatment Drugs Market – Growth, Future Prospects and Competitive Analysis, 2019-2029 at https://www.acutemarketreports.com/report/sinusitis-treatment-drugs-market
In year 2019, decongestant & mucolytic agents accounted for the largest market share and expected to maintain its dominance throughout the forecast period. The key factors responsible for market growth are first line of action for non-infectious sinusitis, upcoming novel technologies of drug delivery, and increasing patient-awareness has assisted the growth in disease diagnosis rate. During the forecast period from 2021 to 2029, antibiotics observed as fastest growing segment due to key market drivers such as developing diagnostics technologies. As per the latest research quote published by National Institute of Health (NIH), the incidence of acute sinusitis is 15 to 40 episodes in 1000 patients per year.Acute sinusitis is the second most common infectious disease encountered by general practitioners throughout the globe.
North America topped the revenues for sinusitis treatment drug market. Key factors that can be attributed to the market growth are increased prevalence of sinusitis, increased awareness leading to patients approaching the medical experts for diagnosis and treatment, increased focus on technological innovation that led to efficient delivery of treatment and diagnosis. Interms of growth rate Asia Pacific is expected to witness the highest CAGR from 2021 to 2029. The key reason was increasing urbanization in this region that ultimately led to pollution in APAC region such as China, Indonesia, India, Srilanka and so on. The increasing healthcare infrastructure increased the patient poll turning for diagnosis and treatment. Not to forget that India and China held the largest population in the world. The Key players included in the report include Pfizer, Inc., Janssen Pharmaceuticals, Abbott Laboratories, GlaxoSmithKline Plc, Sanofi SA, Novartis AG, and Teva Pharmaceutical Industries, Ltd. among others.
Key Market Movements:
- Increasing awareness among the population in developed economies.
- Asia Pacific to evidence highest growth owing to increasing market activity by key players whose keen focus was on countries such as India, China, Philippines, Indonesia etc.
- Antibiotics observed as fastest growing segment due to key market drivers such as developing diagnostics technologies.
- The Key players included in the report include Pfizer, Inc., Janssen Pharmaceuticals, Abbott Laboratories, GlaxoSmithKline Plc, Sanofi SA, Novartis AG, and Teva Pharmaceutical Industries, Ltd. among others.
- Increasing advances in technologie such as ballon sinuplasty has increased the patient pool who are looking for efficient treatment.
The Global Sinusitis Treatment Drugs Market is Segmented into:
|Segmentation||Treatment Type Segment (2019-2029; US$ Mn)|
|Geography Segment (2019-2029; US$ Mn)|
*Complete segmentation list is on report page
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