Nasal Steroids Market: Introduction
- Nasal steroids are medicines that primarily contain corticosteroids. Corticosteroids are a class of steroid hormones that are produced in the adrenal cortex of the body.
- Nasal steroids, or corticosteroids, are highly effective at reducing inflammation, especially that caused by allergies
- Nasal steroids are sprayed or inhaled into the nose to help relieve nasal and sinus congestion, excessive mucus production, and nasal inflammation caused by conditions such as hay fever or allergic rhinitis or other allergies, and other nasal problems.
Request Brochure –
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=43403
Key Drivers and Restraints of Global Nasal Steroids Market
- Increase in the prevalence of allergic rhinitis, along with inflammation of the nose, especially among geriatric people, is a major factor fueling the global nasal steroid market
- According to American Academy of Allergy, Asthma & Immunology (AAAAI), approximately 10 to 30% of adults and 40% of children are affected by allergic rhinitis worldwide
- According to the World Health Organization (WHO), the population of people aged 60 years and above is projected to rise from 900 million in 2015 to 2 billion by 2050. Usually, the geriatric population is at high risk of nasal allergies. Hence, an increase in the geriatric population is anticipated to boost the global nasal steroids market.
- Nasal steroids are a better alternative to other drugs for nasal swelling and congestion. It is delivered through the nose, which makes it painless and has immediate effect. This is estimated to boost the nasal steroid market during the forecast period.
Request COVID Analysis on Nasal Steroids Market –
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=43403
- According to the International Study on Asthma and Allergies in Childhood, prevalence of allergic rhinitis in the age group of 6 to 7 years in places such as Australia, New Zealand, and the U.K. is increasing and is projected to drive the nasal steroid market during the forecast period
- Increase in government support and initiatives for clinical research & development and consumption of nasal steroids is projected to fuel the market during the forecast period. For instance, there has been a call for rise in production capacity of budesonide nasal spray, which shortens the COVID19 recovery time.
- However, certain side-effects associated with the drugs such as nosebleed, sore throat, cough, nose dryness, etc., are likely to hamper the nasal steroid market in the next few years
Request Customization on Nasal Steroids Market Report –
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=43403
North America to Dominate Market
- In terms of region, the global nasal steroids market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America dominates the global market. It is projected to account for a significant share of the global market during the forecast period due to a rise in the prevalence of allergic rhinitis in the region. Additionally, according to the American Academy of Allergy, Asthma, and Immunology, every year, approximately 30 to 60 million people in the U.S. are affected with allergic rhinitis.
- In Europe, according to a report of the European Academy of Allergy and Clinical Immunology published in 2017, almost 100 million people in Europe suffer from allergic rhinitis, and the disease is increasing among the geriatric population. Moreover, according to a survey report of the European Community Respiratory Health Survey (ECRHS) for the adult population in Europe, it was found that the overall prevalence of allergic rhinitis was 21% among all the respiration diseases. This is a key factor that is projected to propel the nasal steroid market in the region during the forecast period.
- Environmental factors such as air pollution and rise in the prevalence of various infections in countries such as India and China are likely to fuel the nasal steroid market in Asia Pacific during the forecast period
- Rise in prevalence of various nose infections in Central Africa and increase in awareness regarding the effect of allergic rhinitis among children are anticipated to augment the nasal steroid market in Middle East & Africa during the forecast period
Pre Book Nasal Steroids Market Report –
https://www.transparencymarketresearch.com/checkout.php?rep_id=43403<ype=S
Key Manufacturers Operating in Global Nasal Steroids Market
Key manufacturers operating in the global market include:
- AstraZeneca
- Chattem, Inc. (Sanofi)
- GlaxoSmithKline plc
- OptiNose US, Inc.
- Teva Pharmaceuticals
- Merck & Co., Inc.
- Cadila Healthcare Limited
- Aytu Consumer Health, Inc.
- Mylan N.V. (Pfizer)
- European Egyptian Pharmaceuticals (Pharmco Pharmaceuticals)
- Lupin Ltd.
Trending Reports of Transparency Market Research –
Minimally Invasive Surgery Market –
Nurse Call Systems Market –
About Us
Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants uses proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com/
