Emphasis on Disease (Acute Sinusitis, Sub-Acute Sinusitis, and Chronic Sinusitis); Treatment (Analgesics, Antihistamines, Corticosteroids, Antibiotics, and Surgery); Region (North America, Europe, Asia-Pacific, Rest of the World); and Region/Country
The global sinusitis treatment market is expected to grow at a significant rate of around 5% during the forecast period. Sinusitis is a common condition in which the lining of the sinuses becomes inflamed. It’s usually caused by a viral or bacterial infection. Allergic infections such as allergic rhinitis, asthma, and hay fever, as well as smoking and a weakened immune system, are considered the important factors that can cause sinusitis. The rising incidences of these diseases coupled with the increasing number of sinusitis cases attributed to the rise of the sinusitis treatment market. For instance, as per the CDC, as of 2020, 8.4% of people over the age of 18 have asthma, and 5.8% of children have it.
Olympus Corporation; Medtronic; Stryker; Cipla Inc.; Dr. Reddy’s Laboratories Ltd; Sanofi; Aurobindo Pharma; Intersect ENT, Inc.; Smith+Nephew; and Novartis AG are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Diseases, acute sinusitis category to witness higher CAGR during the forecast period”
Based on the disease, the market has been categorized into acute sinusitis, sub-acute sinusitis, and chronic sinusitis. Among them, the acute sinusitis category to witness higher CAGR during the forecast period. The rising awareness about the early diagnosis and treatment of the disease attributing to the rapid growth of the acute sinusitis segment.
Sinusitis Treatment Market Report Coverage
“Amongst Treatment, surgery segment to hold a significant share in the market in 2020”
Based on the treatment, the market has been categorized into analgesics, antihistamines, corticosteroids, antibiotics, and surgery. Among them, the surgery segment holds a considerable share of the market. Among them, the surgeries segment is expected to grow at a significant CAGR during the forecast period. The presence of a large number of patients having nasal polyps, nasal obstructions, and nasal tumors that hinders the treatment of sinusitis are the main reasons for the growth of the segment. For instance, as per the American Academy of Allergy Asthma & Immunology, about 20% of patients with chronic rhinosinusitis have nasal polyps and benign growths in the nasal cavities that are thought to originate from the ethmoid sinuses.
“Asia Pacific to witness the fastest growth in the market”
Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. The increasing number of cases of sinusitis along with the rising healthcare investments attributes to the market growth of sinusitis treatment in the region. For instance, according to the National Institute of Allergy and Infectious Diseases (NIAID), an estimated 134 million Indians suffer from chronic sinusitis.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Sinusitis Treatment Market
6. Sinusitis Treatment Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Disease
8. Market Insights By Treatment
9. Market Insights By Region
10. Sinusitis Treatment Market Dynamics
11. Sinusitis Treatment Market Opportunities
12. Sinusitis Treatment Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Sinusitis Treatment Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global sinusitis treatment market were the three major steps undertaken to create and analyze the adoption of sinusitis treatment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global sinusitis treatment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the sinusitis treatment market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the sinusitis treatment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as disease and treatment. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sinusitis treatment market. Further, we conducted factor analysis using dependent and independent variables such as the disease and treatment of sinusitis treatment. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sinusitis treatment market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global sinusitis treatment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global sinusitis treatment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas the disease and treatment in the global sinusitis treatment market.
The main objective of the Global Sinusitis Treatment Market Study
The current & future market trends of the global sinusitis treatment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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