Global Nasal Polyps Treatment Market Dynamics and Development By OptiNose US, Inc., Lyra Therapeutics, Intersect ENT, Inc., Merck & Co., Inc., Teva Pharmaceutical Industries & Others

Global nasal polyps treatment market is rising gradually with a substantial CAGR 5.3% in the forecast period of 2020-2027. This report contains the data of base year 2019 and historic year of 2018. Screening methods, increasing geriatric population and development pf newer minimal invasive therapies are expected to propel the market growth.

This nasal polyps treatment report acts as an excellent market report because it is produced with the several decisive factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report also endows with evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The nasal polyps treatment report considers new product development from beginning to launch by performing detailed market study.

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Few of the major competitors currently working in the global nasal polyps treatment market are Regeneron Pharmaceuticals, Inc., Novartis AG, GlaxoSmithKline plc., OptiNose US, Inc., Lyra Therapeutics, Intersect ENT, Inc., Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Sanofi, F. Hoffmann-La Roche Ltd, Blacksmith Surgical, Pfizer Inc., Bausch Health, Alkermes, AstraZeneca, Mallinckrodt, Dr. Reddy’s Laboratories Ltd, Lonza, among others.

Key Developments in the Market:

In June 2019, Novartis AG announced the positive topline results of phase III clinical trial studies of Xolair (omalizumab), an immunoglobulin E (IgE) blocker used for the treatment of patients with chronic rhinosinusitis with nasal polyps. The purpose of this study is for evaluation of safety and efficacy profile of the drug. Xolair is a potent drug that can replace intranasal corticosteroids and nasal polyp surgery
In June 2019, Regeneron Pharmaceuticals, Inc. received the U. S. FDA approval for Dupixent (dupilumab), the first drug that is used for the treatment of patients with chronic rhinosinusitis with nasal polyps. This drug is potentially beneficial for patients that do not respond to intranasal steroids used in nasal popyps condition. Additionally, use of dupixent will reduce the requirement of nasal polyp surgery

Competitive Analysis:

Global nasal polyps treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nasal polyps treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Segmentation: Global Nasal Polyps Treatment Market

By Type

(Ethmoidal Polyp, Antrochoanal Polyp and Others),

Related Diseases

(Chronic Sinusitis, Cystic Fibrosis (CF), Allergic Fungal Sinusitis (AFS) and Others),

Complications

(Obstructive Sleep Apnea, Sinus Infections and Others),

Diagnosis

(Nasal Endoscopy, Blood Test, Allergy Tests and Others),

Treatment

(Medication, Surgery and Others),

Medication

(Nasal Corticosteroids, Medication to Treat Nasal Polyps and Chronic Sinusitis and Others),

Route of Administration

(Oral, Injectable and Others),

End Users

(Hospitals, Homecare, Specialty Clinics, Others),

Distribution Channel

(Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others),

Geography

(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers

Increasing geriatric population that are more vulnerable for development of nasal polyps is expected to drive the market growth
Growing screening for diagnosis of asymptomatic diseases like nasal polyps, boosting the market growth
Rising awareness about the disease and its complications drive the growth of market
Development of minimally-invasive surgical treatments and therapies will fuel up the global nasal polyps treatment market

Market Restraints

Factors that hinders the market growth are bleeding and infection during surgery
Low healthcare expenditure in some countries hampers the market growth
High cost treatment options and post-surgical complications are major restrains for the market growth

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