Nasal Polyps Treatment Global Market Size, Share, Outlook, By Treatment Type, By Drug Class, By Distribution Channel, By Regional Forecast 2024-2033 | Sanofi SA, AstraZeneca PLC, Bayer AG, Genentech Inc., Novartis AG

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The Nasal Polyps Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Nasal Polyps Treatment Global Market Report 2024, The nasal polyp’s treatment market size has grown strongly in recent years. It will grow from $4.83 billion in 2023 to $5.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to surgical procedures, steroid medications, allergic rhinitis, chronic sinusitis, environmental factors.

The nasal polyps treatment market size is expected to see strong growth in the next few years. It will grow to $7.38 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to drug development, personalized medicine, telehealth services, patient-centric care, regulatory approvals. Major trends in the forecast period include diagnostic technologies, medical advancements, biologic therapies, immunotherapies, collaborative research.

Rising healthcare expenditure is expected to drive the nasal polyps treatment market. Healthcare expenditure refers to the total monetary resources spent by individuals, governments, and organizations within a given healthcare system to cover the costs of medical services, treatments, medications, and healthcare infrastructure. As healthcare budgets expand, there will likely be greater resources allocated to the diagnosis, management, and treatment of nasal polyps. This financial commitment can lead to improved patient access to advanced therapies, innovative treatment options, and enhanced research and development, ultimately fueling the market’s growth. For example, according to the Economic Survey of 2022, an annual document of the Ministry of Finance of the Government of India, India’s public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21. Therefore, the rising healthcare expenditure will drive the nasal polyps treatment market.

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The nasal polyps treatment market covered in this report is segmented –
1) By Type: Pharmacological Therapies, Surgeries
2) By Route: Oral, Nasal, Other Routes
3) By Distribution: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

New product innovation is a key trend gaining popularity in nasal polyps treatment. 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. This new indication for mepolizumab is for the maintenance treatment of CRSwNP in adult patients aged 18 and up who have not responded to nasal corticosteroids.

The nasal polyps treatment market report table of contents includes:
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. Global Nasal Polyps Treatment Market Size and Growth
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31. Global Nasal Polyps Treatment Market Competitive Benchmarking
32. Global Nasal Polyps Treatment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Nasal Polyps Treatment Market
34. Nasal Polyps Treatment Market Future Outlook and Potential Analysis
35. Appendix