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Global Nasal Polyps Treatment Market 2023 Industry Share, Qualitative Insights, Future Scope And Forecast To 2032 | Major Players Are Sanofi S.A., GlaxoSmithKline PLC, F. Hoffmann La Roche AG, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd
Nasal Polyps Treatment Market
The Business Research Company's Nasal Polyps Treatment Global Market Report 2023 identifies Developing novel approaches for the treatment of nasal polyps as the major driver for the Nasal Polyps Treatment Market's growth in the forecast period. Nasal polyps are a multifactorial syndrome that's linked to a variety of diseases and pathogenic disorders, including allergies, infections, allergic fungal sinusitis, cystic fibrosis, asthma, and aspirin intolerance. Hence, pharmaceutical companies are developing new and novel approaches for its treatment.
The global nasal polyps treatment market size grew from $4.36 billion in 2022 to $4.72 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nasal polyps treatment market size is expected to grow to $6.35 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the Nasal Polyps Treatment Market are Sanofi S.A., GlaxoSmithKline PLC, F. Hoffmann La Roche AG, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Novartis International AG, OptiNose US Inc., Regeneron Pharmaceuticals Inc., Intersect ENT Inc., and AstraZeneca PLC.
A key trend in the Nasal Polyps Treatment Market includes New product innovation. Major companies operating in the nasal polyps treatment market are focusing on new product innovations to strengthen their position in the market. For instance, in July 2021, GlaxoSmithKline PLC., a UK-based pharmaceutical company, announced the approval for Nucala (mepolizumab) by US Food and Drug Administration (FDA). Nucala (mepolizumab) is a monoclonal antibody that targets interleukin-5 (IL-5) and is a treatment for patients with chronic rhinosinusitis and nasal polyps.
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The Nasal Polyps Treatment Market is segmented -
By Type: Pharmacological Therapies, Surgeries
By Route: Oral, Nasal, Other Routes
By Distribution: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Nasal Polyps Treatment Market.
The Business Research Company's "Global Nasal Polyps Treatment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nasal Polyps Treatment Market Include:
1. Executive Summary
2. Nasal Polyps Treatment Market Characteristics
3. Nasal Polyps Treatment Market Trends And Strategies
4. Nasal Polyps Treatment Market - Macro Economic Scenario
5. Nasal Polyps Treatment Market Size And Growth
……
26. Africa Nasal Polyps Treatment Market
27. Nasal Polyps Treatment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nasal Polyps Treatment Market
29. Nasal Polyps Treatment Market Future Outlook and Potential Analysis
30. Appendix
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