The sinusitis treatments market was valued at USD 3.0 billion in 2021 and is anticipated to grow at a CAGR of 5.2% from 2022 to 2030.
According to estimates from the Sinus & Allergy Wellness Center 2021, sinusitis affects more than 30.0 million Americans annually. Sinusitis is one of the most prevalent upper respiratory tract illnesses globally, affecting both children and adults.
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The mucosal lining of the paranasal sinuses, which are found in the skull, become inflamed when someone has sinusitis. It is brought on by bacteria, fungus, viruses, and microorganisms. The most typical type of sinusitis is viral, and treatment with antibiotics is not necessary. However, bacterial sinusitis is less common than viral sinusitis and calls for dosages of antibiotics.
GROWTH DRIVERS
The global prevalence of sinusitis and the common cold, the rising demand for advanced diagnostic techniques and antibiotic development, the rise in upper respiratory tract infection cases worldwide, and rising pollution levels, particularly in developing nations, are the main factors propelling the growth of the global sinusitis treatment market.
Additionally, expanding activities and educational programs by businesses and hospitals aimed at raising patient knowledge of the importance of a strong therapeutic approach for sinusitis management and treatment have been beneficial in boosting the acceptance rate of therapies globally. Drug companies are thus compelled to create and market fresh therapeutic approaches as well as introduce cutting-edge respiratory remedies and cutting-edge diagnostic techniques into the healthcare system. This has prompted the development of cutting-edge equipment, including improved intra-nasal drug delivery that helps patients live better lives and a novel nasal spray that delivers medication to their sinuses' difficult-to-reach chambers.
Additionally, over the past few years, medication makers have increased their R&D expenditures significantly in order to obtain regulatory approval from government agencies. As a result, more applications are being approved. During the projected period, the market's growth is anticipated to be further supported by the rising investment and approval rate of medications and therapies.
SINUSITIS TREATMENT MARKET SEGMENTATION
By Disease
• Acute Sinusitis
• Sub-acute Sinusitis
• Chronic Sinusitis
By Treatment
• Analgesics
• Antibiotics
o Penicillin/ Β-lactamase inhibitor combinations
o Macrolide
o Quinolone
o Cephalosporin
• NSAIDS
• Decongestant and mucolytic
o Corticosteroids
o Antihistamines
o A1 receptor agonist
o Imidazoline derivatives
• Nasal irrigation
• Surgery
o Endoscopy
o Balloon Sinusplasty
By Route of Administration
• Topical
• Nasal
• Oral
• Injectable
By Distribution Channel
• Online Pharmacies
• Retail Pharmacies
• Hospital Pharmacies
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
KEY COMPANIES IN SINUSITIS TREATMENT MARKET
• Novartis AG
• Teva Pharmaceutical Industries Ltd.
• Sanofi S.A.
• Abbott Laboratories Inc.
• Bayer AG
• Eli Lilly and Company
• Sun Pharmaceutical Industries Inc.
• Pfizer Inc.
• Janssen Pharmaceuticals Inc.
• Dr. Reddy's Laboratories Inc.
• Bristol-Myers Squibb
• Merck & Co. Inc.
• AstraZeneca plc
• GlaxoSmithKline plc.
• Hikma Pharmaceuticals plc
• Mylan N.V.
• Olympus Corporation
• Medtronic plc
• Stryker
• Cipla Ltd
• Other players
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