Key Players Driving the Intranasal Corticosteroids Market By 2023 to 2033

 

The global intranasal corticosteroids market demand is predicted to expand at a CAGR of 5.0% during the forecasted period, according to data from Future Market Insights. From US$ 6.8 billion in 2023 to US$ 11.2 billion in 2033, the market value is anticipated to rise. The market for intranasal corticosteroids was estimated to be worth US$ 6.5 billion at the end of 2022 and is expected to expand by 4.8% year over year in 2023.

The immunotherapy treatment segment is experiencing rapid growth in the market due to its high efficacy, despite the issue of high prices associated with this treatment. Manufacturers are actively focusing on developing targeted immunotherapy treatments to offset the decline in revenue caused by patent expiry.

Request A Sample Copy Of This Research Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-9329

Companies are also strategically planning their product portfolio to align with the patent life cycle, filing for new patents based on dosage and prescription to maintain their market position. This is attributed to the increasing number of prescription drugs being switched to over-the-counter availability. Notably, the growing trend of self-medication in the United States presents a significant growth opportunity for manufacturers of allergic rhinitis treatment products.

In general, it is expected that the intranasal corticosteroid market will continue to experience growth in the coming years. This market offers customers an affordable and convenient option to enhance their smile.

Key Takeaways from Market Study:

  • Fluticasone Propionate lead the global market with 3% value share in 2022, owed to its effectiveness in reducing airway inflammation compared to other drugs.
  • The corticosteroids used for treatment of allergic rhinitis especially seasonal allergies top the sale around globe with value share of around 1% in 2022. This is due to the high amount of pollens release from plant, fungi, seeds during seasonal change.
  • Retail Pharmacies accounted for dominant market share for distribution of intranasal corticosteroids in 2022 with 7% value share. This can be attributed to the fact that retail pharmacies have a strong presence with numerous conveniently located branches in various neighborhood and communities allowing for easy accessibility and availability of drugs.
  • Intranasal sprays dominated globally with market share of around 3% in 2022, owed to easy administration of drugs into the nose.
  • In North America, the United States exhibited rising trend of intranasal corticosteroid usage due to over the counter self-medication purchase for treatment of rhinitis. U.S. market held a value share of around 3% in 2022 globally.

“Intranasal corticosteroids is a thriving market driven by rising allergic rhinitis cases, self-medication trends, making it profitable sector to venture by entrepreneurs ” says an analyst of Future Market Insights.

Market Competition:

Pharma industries are involved in research and development to make the corticosteroid delivery fast and with higher efficiency. The medications are also made cheaper with respect to pre-existing drug to reduce competition

  • In September 2022, Ryaltris has been approved by the US Food and Drug Administration, and it provides a wide variety of therapy options for children to the elderly, with the added bonus of having an onset of action of 15 minutes for nasal symptoms.

Key Companies Profiled:

  • Merck & co.
  • GlaxoSmithKline
  • AstraZeneca
  • Sanofi
  • Perrigo Co.
  • Teva Pharmaceutical Industries
  • Glenmark Pharmaceuticals
  • Mylan
  • Novartis
  • Pfizer
  • Pharmascience

Key Market Segments Covered in the Intranasal Corticosteroids Industry Research:

By Drug:

  • Fluticasone Propionate
  • Budesonide
  • Beclomethasone Dipropionate
  • Mometasone Furoate
  • Triamcinolone Acetonide
  • Ciclesonide
  • Flunisolide
  • Tixocortol

By Indication:

  • Allergic Rhinitis (AR)
    • Seasonal AR
    • Perennial AR
  • Non-Allergic Rhinitis (NAR)
    • Infectious NAR
    • Vasomotor NAR
    • Atrophic NAR

By Dosage Form:

  • Intranasal Drops
  • Intranasal Sprays

By Distribution Channel:

  • Hospitals Pharmacies
  • Drug Stores
  • Retail Pharmacies
  • Online Pharmacies

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Comments

Post a Comment

Popular posts from this blog

Beyond COVID-19: A Look at Vaccines Market Post-Pandemic From 2023 to 2033

Image
 In recent years, the Vaccines Market has undergone a dramatic transition brought on by ground-breaking scientific discoveries and the pressing need for universal immunisation. The COVID-19 pandemic acted as a stimulus for a surge in vaccine demand that has prompted academics and pharmaceutical corporations to develop at a previously unheard-of rate. This blog examines the changing market environment for vaccines, highlighting significant trends, difficulties, and opportunities. Technology advancements like mRNA and vector-based platforms have completely changed how vaccines are developed. These innovative techniques have proven to be remarkably effective against contagious illnesses like COVID-19, opening the door for the development of new vaccines. In response to the pandemic, mRNA vaccines were developed and distributed quickly, showcasing the promise of these ground-breaking technology. Supercharge Your Knowledge: Dive into the Booming Vaccines market with Our Sample Report @ ht
Read more

Key Players Shaping the 3D Cell Culture Market: By 2022 to 2031

Image
  The global 3D cell culture market is anticipated to account for a growth rate of around 9.8% over the forecast period from 2022 to 2031. The global market is expected to account for around US$ 1.15 Billion in 2022 and attain a valuation of US$ 2.67 Billion by 2031. According to the analysis done by Future Market Insights, the global 3D cell culture market accounted for a CAGR of 4.8% in 2021. During the historical period of 2016 to 2021, the 3D cell culture market expanded at a CAGR of 7.1%. According to the studies conducted by Future Market Insights, the comparative analysis along with the market growth rate of the global 3D cell culture market is expected to show a negative BPS growth in the H1-2022 outlook as compared to H1-2022 projected period by 10 BPS, However, a positive BPS growth is expected in H1-2022 over H1- 2021 duration with 02 Basis Point Share (BPS). The global 3D cell culture market observes a drop in the BPS values owned to its disadvantage as compared to surface
Read more

Technological Advancements Fueling the Physiotherapy Equipment Market By 2023 to 2033

 The physical well-being and quality of life of people who are recuperating from injuries or who have chronic diseases are greatly enhanced by physical therapy. The Physiotherapy Equipment Market has experienced growth in tandem with the increase in demand for physiotherapy services. Due in large part to technological innovation, the prevalence of neurological and musculoskeletal illnesses is rising, and this sector of the economy is expanding quickly. The market for physiotherapy equipment has a large selection of gadgets and instruments made to help with the healing process. The industry has made considerable strides to meet a variety of treatment demands, from heat and cold therapy devices to electrotherapy machines and therapeutic exercise equipment. These contemporary resources help physiotherapists deliver more focused care, increase patient results, and enrich the therapeutic process as a whole. Grab Your Exclusive Report: Unveiling the Spectacular Growth of the Physiotherapy E
Read more