This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Intranasal Corticosteroids Market

Market Insights on Intranasal Corticosteroids covering sales outlook, demand forecast & up-to-date key trends

Intranasal Corticosteroids Market by Drug Type, Indication, End User & Region - Forecast 2022 - 2032

Intranasal Corticosteroids Market Snapshot

The global intranasal corticosteroids market is expected to reach US$ 11.4 Billion in 2032 and exhibit immense growth at a CAGR of 7.2% in the forecast period from 2022 to 2032. As per the study, the rising preference for various pharmacological therapies for treatment is anticipated to drive the demand for intranasal corticosteroids in future years. The market is likely to be valued at US$ 6.1 Billion in 2022.

Report Attribute

Details

Intranasal Corticosteroids Market Estimated Base Year Value (2021)

US$ 5.8 Billion

Intranasal Corticosteroids Market Expected Market Value (2022)

US$ 6.1 Billion

Intranasal Corticosteroids Market Anticipated Forecast Value (2032)

US$ 11.4 Billion

Intranasal Corticosteroids Market Projected Growth Rate (2022-2032)

7.2% CAGR

Intranasal corticosteroids are considered to be safe and effective first-line therapies for allergic rhinitis. Some of the commonly available corticosteroids include triamcinolone acetonide, beclomethasone dipropionate, mometasone furoate, flunisolide, budesonide, and fluticasone propionate.

These are very effective in the treatment of perennial allergic rhinitis and seasonal allergic rhinitis. These are capable of relieving sneezing, rhinorrhea, itching, and nasal congestion that occur in the early and late phases of allergic response.

These corticosteroids belong to the family of medicines named steroids. They are usually inhaled or sprayed into the nose to help relieve hay fever, irritation, and stuffy nose.

These work best when utilized every day. Healthcare professionals often provide a daily schedule of the number of sprays that can be taken in each nostril. They also recommend starting the usage of intranasal corticosteroids at the beginning of pollen season to lower symptoms that occur during that season.

Are Rising Cases of Nasal Polyps Spurring the Intranasal Corticosteroids Market Growth

The surging prevalence of complexities associated with the nose and sinus, such as chronic sinusitis, nasal-rhinitis, and nasal-polyps is estimated to propel the sales of intranasal corticosteroids in the upcoming years. As per researchers, the prevalence rate of nasal polyps and allergies is expected to be nearly 2–4% and it can increase with age. These numbers are likely to grow in the forthcoming years, thereby pushing growth of the global market.

In addition to that, the growing demand for better treatment options for these nasal conditions is set to fuel the growth. Governments of both developed and developing countries are expected to conduct awareness programs to educate the masses regarding the availability of treatment options for these conditions, which would drive growth.

Customize this Report

Let us know your requirement to get
100% FREE customization

Which Side Effects Are Obstructing the Intranasal Corticosteroids Market Growth

Intranasal corticosteroids can have multiple side effects, such as dryness, infection, nosebleeds, itching, burning, crusting, and redness. Majority of these local side effects mimic those of sinusitis and allergies. Some of the rare body-wide side effects of these drugs include abnormal menstrual cycles, vomiting, glaucoma, clouding of eyes, and upper respiratory tract infections. Spurred by the aforementioned factors, the intranasal corticosteroids market growth may be hampered in future.

How is the North America Intranasal Corticosteroids Market Faring

The presence of numerous large- and small-scale pharmaceutical companies in the U.S. and Canada is anticipated to augment the North America intranasal corticosteroids market size in the evaluation period. Healthcare professionals based in these countries are expected to prescribe the desired therapeutic products of several nasal complications owing to the easy availability of medicines.

Besides, increasing awareness by regulatory bodies to encourage people to visit healthcare facilities for regular check-up of their body’s respiratory organ function is anticipated to accelerate the market. The rising number of new product launches across North America is another vital factor that is estimated to spur the growth.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Which Factors Are Anticipated to Propel the Asia Pacific Intranasal Corticosteroids Market

The rising prevalence of various autoimmune diseases, such as rheumatoid arthritis, multiple sclerosis, type 1 diabetes, and lupus in India and China is projected to bolster the Asia Pacific intranasal corticosteroids market share in the near future. The ever-increasing geriatric population in these countries is set to propel the cases of chronic diseases associated with the sinus.

As per a study published in the National Library of Medicine, about 20-30% of the Indian population suffers from allergic rhinitis and nearly 15% develop asthma. The treatment of this condition is anticipated to be a combination of allergen immunotherapy, pharmacotherapy, and allergen avoidance. This trend is expected to continue throughout the assessment period, thereby fostering the Asia Pacific market.

Market Competition

Some of the prominent companies operating in the global intranasal corticosteroids market include AstraZeneca, Merck Sharp & Dohme Corp., Teva Branded Pharm, GlaxoSmithKline plc., Ivax Pharmaceuticals Incorporated, Sanofi, McNeil Consumer Healthcare, and Sunovion Pharmaceuticals Inc. among others.

Leading companies present in the market are currently aiming to develop innovative products to keep up with the surging demand from consumers. They are conducting research and development activities to find new solutions to deliver better treatment options. Meanwhile, some of the other key players are striving to expand their manufacturing capacities and upgrade their portfolios to strengthen their positions in the global market.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 7.2% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Drug Type
  • Indication
  • End User
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • AstraZeneca
  • Merck Sharp & Dohme Corp. Teva Branded Pharm
  • GlaxoSmithKline plc.
  • Ivax Pharmaceuticals Incorporated
  • Sanofi
  • McNeil Consumer Healthcare
  • Sunovion Pharmaceuticals Inc.

Customization

Available Upon Request

Key Segments Profiled in the Intranasal Corticosteroids Industry Survey

By Drug Type:

  • Prescribed Drugs
  • Beclomethasone
  • Budesonide
  • Ciclesonide
  • Flunisolide
  • Fluticasone Furoate
  • Fluticasone Propionate
  • Mometasone
  • Triamcinolone
  • OTC Drugs
  • Budesonide
  • Fluticasone Furoate
  • Fluticasone Propionate
  • Triamcinolone

By Indication:

  • Perennial Allergic Rhinitis (PAR)
  • Seasonal Allergic Rhinitis (SAR)
  • Non-allergic Rhinitis

By End User:

  • Hospital Pharmacies
  • Drug Stores
  • Retail Pharmacies
  • Online Pharmacies

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

The global intranasal corticosteroids market is anticipated to surpass US$ 11.4 Billion in 2032.

North America is set to lead the intranasal corticosteroids market in the forecast period.

AstraZeneca, Merck Sharp & Dohme Corp., Teva Branded Pharm, GlaxoSmithKline plc., Ivax Pharmaceuticals Incorporated, and Sanofi are some of the renowned companies in the intranasal corticosteroids market.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Sabyasachi Ghosh
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Healthcare Insights

View Reports
Google translate

Intranasal Corticosteroids Market