Transparency Market Research (TMR) has published a new report on the nasal polyps treatment market for the forecast period of 2019 - 2027. According to the report, the global nasal polyps treatment market was valued at ~ US$ 3.9 Bn in 2018, and is projected to expand at a CAGR of ~ 5% from 2019 to 2027. Nasal Polyps Treatment Market: Overview
The global nasal polyps treatment market is anticipated to be driven by the rise in the geriatric population suffering from chronic rhinosinusitis with nasal polyps (CRSwNP), rapid utilization of minimally-invasive surgeries by otorhinolaryngologist surgeons in developed regions, and rich pipeline of nasal polyps treatment options. North America held a major share of the global nasal polyps treatment market in 2018, due to the presence of a large population with nasal polyps, increase in incidences of CRSwNP, surge in the number of sinus surgeries, and rapid adoption of technologically-advanced products such as sinus implants in the U.S. The nasal polyps treatment market in Asia Pacific is expected to expand at a high CAGR of ~ 6% from 2019 to 2027, due to the surge in the target patient pool with inflammatory respiratory disorders, which is likely to drive the number of surgical procedures in emerging markets such as India and China.
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Rise in the prevalence of inflammatory and respiratory diseases such as chronic rhinosinusitis, asthma, nasal polyps, and allergic rhinitis is expected to augment the global nasal polyps treatment market during the forecast period. Chronic rhinosinusitis (CRS) is a nasal inflammatory condition that affects the tissues deep inside the nasal passages and paranasal sinuses, causing symptoms that last for 8 weeks to 12 weeks or longer. The disease can occur with or without nasal polyposis. CRS is considered to be a serious nasal disorder, with a prevalence of 4.7% among the geriatric population aged 60 years and above. Moreover, it is the sixth most common chronic condition affecting the elderly population. Hence, rise in the prevalence and increase in the burden of chronic respiratory diseases such as chronic rhinosinusitis with nasal polyps will drive the need for treatments and therapies among patients. This could lead to an increase in the number of sinus surgical procedures, which, in turn, is likely to accelerate the growth of the global nasal polyps treatment market in the next few years.
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In terms of treatment, the global nasal polyps treatment market can be classified into pharmacological therapies and surgeries. The pharmacological therapies segment can be divided into antibiotics, corticosteroids, leukotriene inhibitors, and others. The surgeries segment can be categorized into polypectomy and functional endoscopic sinus surgery (FESS).