Based on the type, the global anosmia market is bifurcated into idiopathic anosmia, congenital anosmia. Idiopathic anosmia denotes to patients in whom, after extensive analysis, no cause for the loss of sense of smell is established. This diagnosis must be prepared only after blood tests and brain scans have been completed. Patients in this group may go on to grow Parkinson’s and Alzheimer’s diseases. For example, an article issued by the Fifth Sense in 2020 reports that between the familiar smell loss disorders, idiopathic anosmia holds around 25%, and congenital anosmia holds a share of 1% in the U.K.
Based on the treatment type, the global anosmia market is segmented into treatments, medicines, and others. The medicines segment accounts for the major share of the market. Decongestant’s medicines work by instigating blood vessels to limit and help to release congestion caused by the enlargement of blood vessels in the nasal channels. Phenylephrine and phenylpropanolamine are two common drug formulas. These OTC drugs can bring momentary relief from congestion.
Based on end-user, the global anosmia market is segmented into hospitals, clinics, others. Owing to the rising patient population, the hospital’s segment held the leading market share. This is mostly owing to the growing number of patients suffering from situations that are treated in hospitals prepared with advanced substructure and adequate amenities. Furthermore, the rising number of hospitals along with proper reimbursement policies is also donating to the growth of this segment. Also, the surgery is done under the administration of medical practitioners at these situations.
North America served the major share in the global anosmia market over the forecasted period, due to growing cases of anosmia in the region. For example, an article issued by the National Center for Biotechnology Information (NCBI) in 2017 accounts that a substantial portion, i.e., about 4.3 million people, 65 years or older, suffer from anosmia U.S. The presence of an extremely established healthcare system, the high grade of approval by medical practitioners of latest treatments, the total accessibility of innovative technological tools, FDA authorization of novel drugs. For example, Washington University School of Medicine directing a Phase 2 study of Smell in Covid-19 and Efficacy of Nasal Theophylline is anticipated to complete by 2021.
The market for anosmia is moderately competitive. With the rising applications of anosmia, new players are considering to enter the market. The companies are also involved in events like joint ventures, acquisitions, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the anosmia market, ultimately boosting the market growth.
• Mylan N.V.
• Pfizer Inc.
• Atom Pharma
• Ranbaxy Laboratories Limited
• Alde Medi Impex
• GlaxoSmithKline plc
• Sandoz (Novartis AG)
• Cadila Pharmaceuticals
• Taj Pharmaceuticals Limited
• Sanofi
• Other players
• In June 2020, Cadila Pharmaceuticals Limited introduced Bilastine syrup (30 ml) and Bilastine tablets (20 mg), an antihistamine drug. This drug is utilized in the treatment of allergic rhinitis, which later develops anosmia.
• In 2020, Pfizer partnered with BioNTech to examine and grow COVID-19 mRNA vaccine candidates. On July 27, 2020, the firms started a global (except China) Phase 2/3 safety and efficiency clinical study to estimate the mRNA vaccine candidate BNT162b2. The corporations plan to use Pfizer facilities to produce the vaccine if they get FDA approval.
By Type
• Idiopathic Anosmia
• Congenital Anosmia
By Treatment Type
• Therapies
o Nasal Endoscopy
o Imaging
• Medications
o Decongestants
o Antihistamines
o Steroid
o Nasal Sprays
• Others
By End User
• Hospitals
• Clinics
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt