According to Future Market Insights (FMI), an ESOMAR-certified consultant, the global Sinus Therapeutic Drugs Market Size will be worth US$ 6.35 billion by 2032, growing at a steady CAGR of 4% through that time.
The introduction of biologics is one of the most important factors driving the Sinus Therapeutic Drugs market.
Researchers and pharmaceutical corporations are both interested in omalizumab. It is approved in Europe and the United States for the treatment of severe allergic asthma.
Adult sinus infections can be caused by anatomically malformed sinus glands, nasal polyps, a history of respiratory tract illness, and lowered immunity.
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Sinus infections in children can be caused by using a dummy, being overly exposed to second-hand smoke, nursing while laying down, and other factors. Furthermore, fungal infections and pollution contribute to sinusitis.
Key Takeaways
- Steroid nasal sprays held the largest market share in 2019, and this trend is expected to continue.
- North America accounted for more than 30% of the market in 2019.
- Antibiotics remain a first line of defence, and their use is predicted to increase consistently through 2030.
- The Covid-19 outbreak has shifted research towards nasal drug delivery, which will benefit the Sinus Therapeutic Drugs business 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.
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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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