Nasal Polyps Market to Reach US$ 106.3 Million by 2033, at CAGR of 4.48% from 2023 to 2033, IMARC Group

The newly published report by IMARC Group, titled "Nasal Polyps Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2033″, presents a comprehensive analysis of the nasal polyps market. The report provides an overview of the market trends, growth prospects, investment opportunities, and industry prospects, as well as an analysis of the disease overview, market scenario, and growth trends. In addition, the report offers competitor analysis, regional analysis, and recent advancements in the seven major markets (7MM). The report also highlights key segments and market drivers, as well as challenges faced by industry players.

How big is the market for nasal polyps?

According to IMARC Group, in 2022, the total value of the seven major markets (7MM) for nasal polyps amounted to US$ 65.7 Million. Looking forward, these markets are anticipated to reach US$ 106.3 Million by 2033, at a growth rate (CAGR) of 4.48% from 2023-2033.

What is nasal polyps?

Nasal polyps represent a medical condition in which there are soft, painless growths on the lining of the nasal passage or sinuses. They are noncancerous and often occur in the area where the sinuses open into the nasal cavity. Nasal polyps can be single or multiple and vary in size from small to large. The common symptoms of this ailment include a runny nose, persistent stuffiness, facial pain, frequent nosebleeds, headache, postnasal drip, decreased or absent sense of smell, a sense of pressure over the forehead and face, snoring, pain in the upper teeth, etc. The diagnosis of the illness is typically based on the patient's medical history, clinical features, and a general physical test.

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What are the key drivers and trends in the nasal polyps market?

The elevating cases of allergies or infections, which trigger long-term inflammation and irritation in the nasal passage, are primarily augmenting the nasal polyps market. Additionally, the rising incidence of genetic mutations associated with immune system functioning that result in the formation of abnormally thick, sticky mucus from the nasal and sinus linings is further catalyzing the market growth. Besides this, the increasing adoption of intranasal corticosteroid injections, like fluticasone, over conventional oral drugs owing to their improved efficacy profiles and lower risk of systemic side effects is acting as another significant growth-inducing factor.

Furthermore, the escalating demand for image-guided endoscopic sinus surgery, which aids in enhancing precision, minimizing complications, and improving surgical outcomes in patients, is also contributing to the market growth. Apart from this, the emerging popularity of biological drugs for treating the ailment, as they work by targeting specific proteins or cells to reduce swelling and irritation in the nasal passage, is projected to catalyze the nasal polyps market over the forecasted period.

What is included in the report segmentation?

The report covers the following aspects:

Report Period:

Base Year: 2022
Historical Period: 2017-2022
Market Forecast: 2023-2033

Countries Included:

United States
Germany
France
United Kingdom
Italy
Spain
Japan

Analysis Covered Across Each Country

Historical, current, and future epidemiology scenario
Historical, current, and future performance of the nasal polyps market
Historical, current, and future performance of various therapeutic categories in the market
Sales of various drugs across the nasal polyps market
Reimbursement scenario in the market

In-market and pipeline drugs

In-Market Drugs
Drug Overview
Mechanism of Action
Regulatory Status
Clinical Trial Results
Drug Uptake and Market Performance

Late-Stage Pipeline Drugs

Drug Overview
Mechanism of Action
Regulatory Status
Clinical Trial Results
Regulatory Status

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Key Questions Answered in this Report:

How has the nasal polyps market performed so far and how will it perform in the coming years?
What are the markets shares of various therapeutic segments in 2022 and how are they expected to perform till 2033?
What was the country-wise size of the nasal polyps market across the seven major markets in 2022 and what will it look like in 2033?
What is the growth rate of the nasal polyps market across the seven major markets and what will be the expected growth over the next ten years?
What are the key unmet needs in the market?

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This Report will Help You With:

Identifying the key players operating in the nasal polyps market and understanding their market dominance.
Knowing the essential factors to consider when evaluating a nasal polyps market, aiding in informed decision-making.
Understanding the driving forces behind the nasal polyps market, enabling businesses to stay ahead of emerging trends and capitalize on opportunities.
Examining the changing market behavior over time and strategically assessing competition, facilitating effective benchmarking and strategic planning.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.