Sinusitis Treatment Market: Pipeline Projects Hold Significant Growth Potential
Rapid rise in technological innovations concerning healthcare and delivery of healthcare solutions effectively aligning with appropriate mode of treatment initiatives have been instrumenting large scale growth in global sinusitis treatment market. Adroit Market Research has announced the addition of a new market research report assessing various developments and evaluating their implications on holistic growth trajectory of sinusitis treatment drugs market. Rampant demands for improved diagnostic practices as well as development of advanced antibiotics are creating fresh growth avenues for global sinusitis treatment market.
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Sinusitis results in extreme discomfort and lack of appropriate diagnostic measures may lead to poor treatment, also resulting in chronic sinusitis conditions. Infections are common amongst sinusitis patients whose nasal cavities become clogged owing to virus and bacteria growth, resulting in fluid deposition in the nasal cavities.
Some of the most common symptoms of sinusitis comprise cold, cough, fever, headache and the like, and in uncontrolled advanced stages, sinusitis may also lead to meningitis and other severe health conditions. Growing patient awareness about the need of a potent therapeutic approach for sinusitis management has encouraged drug makers to develop and commercialize new therapeutic measures, thus stoking growth in global sinusitis treatment market.
Patient awareness programs to promote sensitization amongst patient pools is crucial towards paving full-fledged adoption. Advances in diagnostic tests and antibodies production supported by technological milestones remain major growth enablers in global sinusitis treatment drugs market. However, despite a flourishing growth outlook, the market is showing signs of significant depression on the global growth trajectory as pricing and affordability remain prevalent challenges.
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North America in 2018, held a market share of 34.65% and will be dominating the regional segment owing to rising prevalence of viral sinusitis and presence of major players such as Sanofi SA, Teva Pharmaceutical Industries Ltd., Bayer AG, Abbott Laboratories, Inc. etc. Europe is in the 2nd position on account of the strategic partnership between academic research institutes and major pharmaceutical players for the formulation and development of medicines employed for the treatment of sinusitis infection. European Medical Agency (EMA), is working diligently for the effective implementation of antibiotic stewardship. Asia Pacific is keen to project impressive growth during the forecast period owing to the rising prevalence of acute bacterial sinusitis infection and developing healthcare infrastructure.
The pharmaceutical companies manufacturing drugs used in the treatment of sinusitis are Abbott Laboratories, Inc., Bayer AG, GlaxoSmithkline, Plc. Janssen Pharmaceuticals, Inc., Pfizer, Inc., Sanofi SA., Sandoz International GmbH, Merck & Co., Inc., Sun Pharmaceutical Industries Ltd. and Teva Pharmaceutical Industries, Ltd.
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Key segments of the sinusitis treatment drugs market
By Therapy, 2015-2025 (USD Million)
- Antibiotics
- Penicillin/ Β-lactamase inhibitor combinations
- Macrolide
- Quinolone
- Cephalosporin
- NSAIDS
- Decongestant and mucolytic
- Corticosteroids
- Antihistamines
- a1 receptor agonist
- Imidazoline derivatives
- Nasal irrigation
Regional Overview, 2015-2025 (USD Million)
- North America
- S.
- Canada
- Europe
- K.
- Germany
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Rest of MEA
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global sinusitis treatment drugs market
- The overall segmentation of the sinusitis treatment drugs market, especially therapy type is thoroughly studied. Decongestant & mucolytic and NSAIDS segments are anticipated to be the fastest growing sub segment till 2025
- Rising prevalence of acute sinusitis and increasing pollution in the Asia Pacific regional segment will further drive the sinusitis treatment drugs market growth
- Rising public health awareness and effective implementation of antimicrobial stewardship program will further propel the sinusitis treatment drugs market growth
What does the report include?
- The study on the global sinusitis treatment drugs market includes qualitative analysis of factors such as drivers, restraints and opportunities
- The report covers qualitative and quantitative analysis of the overall market segmented on the basis of therapy and breakdown of the same at regional level
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key market players with a significant global and/or regional presence along with top company positioning
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