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Global Sinusitis Treatment Market

03-23-2017 02:09 PM CET | Health & Medicine

Press release from: Persistence Market Research Pvt. Ltd

Factors contributing for growth of sinusitis treatment market are demand for diagnostic test and antibiotics, patient education programs by companies and hospitals for increasing awareness among the public. Advancement in technology, myriad of people suffering from common cold and no age specific are additional factors that will drive the market over the forecasted period. Though the sinusitis treatment market is expected to generate significant revenue throughout the forecast period, the availability of the test and high cost of diagnostic test for sinusitis is a major challenge for overall growth of the sinusitis treatment market. Major challenge for the pharmaceutical companies is clinical trial for drugs.

With increasing base of sinusitis sufferers, the sinusitis treatment market is expected to have tremendous growth during the forecast period (2016-2026). Companies are focusing on developing of novel drug products for sinusitis. Due to rapid innovations and advance technology there is huge potential in sinusitis treatment market.

On the basis of region presence, sinusitis treatment market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Currently, North America dominates the global market for sinusitis treatment due to high prevalence rate of sinusitis, followed by Europe. According to CDC, 29.4 million people diagnosed sinusitis in North American. However factors such as lack of knowledge of diagnostic test and lack of awareness among people about sinusitis will hamper the market growth in regions like Asia-pacific and RoW

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Some of the key market players in the manufacturing of the treatment products (antibiotics) for sinusitis includes Sanofi, Abbott Laboratories, Bayer AG, Eli Lilly And Company, Bristol-Myers Squibb, Merck & Co, Inc., AstraZeneca Plc, Reddys Lab, and Novartis AG.

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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated re-search, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Con-sumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s en-gagement models are highly flexible without compromising on its deep-seated research values.

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