Insights on the Nasal Polyposis Drug Market to 2027 | Industry Statistics, Emerging Demands, Forecast to 2027

The global nasal polyposis drug market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Nasal polyps are soft, painless, noncancerous growths on the lining of nasal passages or sinuses. Nasal polyps are caused due to chronic inflammation and are related to asthma, recurring infection, allergies, drug sensitivity or certain immune disorders. The major factor accelerating the growth of the market include the rising prevalence of numerous cancers as well as immunological disorders coupled with the increasing geriatric population across the globe. Furthermore, the market is propelling due to growing chronic sinusitis globally. According to the Center for Disease Control and Prevention (CDC), in 2018, 28.9 million or 11.6% adults are diagnosed with chronic sinusitis in the US. Additionally, an estimated 2.7 million people visited physician offices and 234,000 people visited emergency departments due to the condition. Hence, the rising prevalence of the disease is driving the growth of the global nasal polyposis drug market.

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Some major players operating in the market include Sanofi S.A, Merck & Co Inc., and GlaxoSmithKline plc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2021, GlaxoSmithKline announced the approval of Nucala (mepolizumab) from the FDA. It is used for the treatment of patients with chronic rhinosinusitis with nasal polyps (CRSwNP).

Market Coverage

• The market number available for - 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

Segment Covered-

· By Drug Class

· By Distribution Channel

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Sanofi S.A, Merck & Co Inc., and GlaxoSmithKline plc, among others.

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Global Nasal Polyposis Drug Market Report by Segment

By Drug Class

• Corticosteroids

• Antibiotics

• Leukotriene Inhibitors

• Others

By Distribution Channel

• Hospital Pharmacies

• Retail Pharmacies

• Online Pharmacies

Global Nasal Polyposis Drug Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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