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Chronic Rhinosinusitis with Nasal Polyps Market to Witness Upsurge in Growth at a CAGR of 10.03% During the Study Period (2019-2032), Examines DelveInsight
The overall chronic rhinosinusitis with nasal polyps market is expected to grow due to the increase in the diagnosed prevalent population of CRSwNP across the globe and thus the surge in demand for treatment. The expected launch of emerging therapies will further boost the CRSwNP treatment market in the forecasted period (2023–2032).
LAS VEGAS, Dec. 7, 2023 /PRNewswire/ — DelveInsight’s Chronic Rhinosinusitis with Nasal Polyps Market Insights report includes a comprehensive understanding of current treatment practices, chronic rhinosinusitis with nasal polyps emerging drugs, market share of individual therapies, and current and forecasted market size from 2019 to 2032, segmented into 7MM [the United States, the EU4 (Germany, France, Italy, and Spain) and the United Kingdom, and Japan].
Key Takeaways from the Chronic Rhinosinusitis with Nasal Polyps Market Report
- As per DelveInsight analysis, the total CRSwNP market size in the 7MM was approximately USD 1.8 million in 2022 and is projected to increase during the forecast period (2023–2032).
- As per DelveInsight estimates, there were 4.3 million diagnosed prevalent cases of CRSwNP estimated to have occurred in the 7MM in 2022.
- Leading chronic rhinosinusitis with nasal polyps companies such as AstraZeneca, Amgen, GlaxoSmithKline, Keymed Biosciences, Biohaven Pharmaceuticals, and others are developing novel chronic rhinosinusitis with nasal polyps drugs that can be available in the chronic rhinosinusitis with nasal polyps market in the coming years.
- The promising chronic rhinosinusitis with nasal polyps therapies in the pipeline include FASENRA (benralizumab), TEZSPIRE (tezepelumab), Depemokimab/GSK3511294, CM310, NURTEC (rimegepant), and others.
Discover which therapies are expected to grab the major chronic rhinosinusitis with nasal polyps market share @ Chronic Rhinosinusitis with Nasal Polyps Market Report
Chronic Rhinosinusitis with Nasal Polyps Overview
Chronic rhinosinusitis is an inflammatory disease of the paranasal sinuses and nasal tube lining that lasts for more than 4 to 12 weeks. Patients suffering from CRS can develop CRS with nasal polyposis (CRSwNP) and CRS without nasal polyposis (CRSsNP). CRSwNP is thus a subset of CRS, with roughly one-fourth of CRS patients developing the disease. Chronic sinus infections, allergic rhinitis, asthma, cystic fibrosis, susceptibility to NSAIDs like ibuprofen and aspirin, and Churg-Strauss syndrome are all risk factors for CRSwNP. Chronic nasal congestion, running nose, postnasal drip, decreased sense of smell and taste, trouble breathing, pressure in the face or forehead area, snoring, sleep apnea, anterior or posterior rhinorrhea, and other symptoms may occur. An ENT expert or another physician examines the nasal passages with a special illuminated equipment known as a nasoscope to make the initial diagnosis of CRSwNP. Nasal endoscopy and radiological imaging are the most commonly used procedures for validating the location, size, and severity of polyps.
Chronic Rhinosinusitis with Nasal Polyps Epidemiology Segmentation
The diagnosed prevalent cases of CRSwNP were further divided into Gender-specific cases. The Gender-specific diagnosed prevalent cases of CRSwNP are categorized into males and females with 1.2 million and 986K cases respectively in the US in 2022, which is expected to further increase in 2032.
The chronic rhinosinusitis with nasal polyps market report proffers epidemiological analysis for the study period 2019–2032 in the 7MM segmented into:
- Prevalent Cases of Chronic Rhinosinusitis
- Diagnosed Prevalent Cases of Chronic Rhinosinusitis
- Diagnosed Prevalent Cases of CRSwNP
- Gender-specific Diagnosed Prevalent Cases of CRSwNP
Chronic Rhinosinusitis with Nasal Polyps Treatment Market
Depending on the specific instance, the typical treatment for CRSwNP includes a combination of pharmacological and surgical treatments. Patients are generally treated medically in primary care settings before considering surgical options. Treatment attempts to eradicate or greatly reduce the size of the CRSwNP, resulting in nasal obstruction reduction, sinus drainage improvement, and olfaction and taste restoration. Any associated rhinitis symptoms may also necessitate treatment. Recurrences are prevalent with both therapies, especially in asthma sufferers, who are twice as likely as nonasthmatics to develop recurrence.
CRSwNP is currently treated with corticosteroids (both intranasal and systemic), as well as antihistamines, antibiotics, and NSAIDs, which are provided based on the patient’s needs. Endoscopic surgery is indicated to remove polyps and fix problems with your sinuses that make them prone to inflammation and the growth of polyps when medication treatment does not shrink or eliminate nasal polyposis. In addition to biologics, corticosteroid nasal spray is indicated after surgery to avoid the recurrence of nasal polyposis. XHANCE (fluticasone propionate), SINUVA (mometasone furoate) Sinus Implant, PROPEL (mometasone furoate), DUPIXENT (dupilumab), XOLAIR (omalizumab), and NUCALA (mepolizumab) have all been authorized by the US FDA for the treatment of CRSwNP.
Intranasal glucocorticoids (budesonide, fluticasone, and mometasone) may improve rhinorrhea, reduce polyp growth, and partially or completely restore the sense of smell. According to experts, physicians tend to under-administer intranasal glucocorticoids and prescribe them at levels that are ineffective. Patients also tend to take these products seldom when they are prescribed.
To know more about chronic rhinosinusitis with nasal polyps treatment guidelines, visit @ Chronic Rhinosinusitis with Nasal Polyps Management
Chronic Rhinosinusitis with Nasal Polyps Pipeline Therapies and Key Companies
- FASENRA (benralizumab): AstraZeneca
- TEZSPIRE (tezepelumab): AstraZeneca/Amgen
- Depemokimab/GSK3511294: GlaxoSmithKline
- CM310: Keymed Biosciences
- NURTEC (rimegepant): Biohaven Pharmaceuticals
Learn more about the FDA-approved drugs for chronic rhinosinusitis with nasal polyps @ Drugs for Chronic Rhinosinusitis with Nasal Polyps Treatment
Chronic Rhinosinusitis with Nasal Polyps Market Dynamics
The dynamics of the chronic rhinosinusitis with nasal polyps are expected to change in the coming years. The disease’s increasing prevalence is likely to result in an increase in treatment choices, and as a result, the market may see an increase in the coming years. The recent entrance of NUCALA and XOLAIR into the CRSwNP market has provided additional biologic choices to choose from. Because almost half of CRSwNP patients do not know the reason of their symptoms, proactive initiatives to target this patient demographic could boost the entire CRSwNP market. There are prospects for cost-effective treatment solutions for people with severe recurrent CRSwNP.
Furthermore, many potential therapies are being investigated for the treatment of CRSwNP, and it is safe to predict that the treatment space will significantly impact the CRSwNP market during the forecast period. Moreover, the anticipated introduction of emerging therapies with improved efficacy and a further improvement in the diagnosis rate are expected to drive the growth of the CRSwNP market in the 7MM.
However several factors may impede the growth of the CRSwNP market. Current medicines, such as corticosteroids, are not differentiated based on the severity of the condition, but rather are used in all patients. A significant proportion of CRSwNP patients remain undiagnosed, which may impede CRSwNP market expansion. Another major cause of bad present patient care is a lack of disease knowledge among doctors, which may impede CRSwNP market expansion. In addition, the availability of less expensive off-label medications on the CRSwNP market, might provide a hurdle to new therapies.
Moreover, CRSwNP treatment poses a significant economic burden and disrupts patients’ overall well-being and QOL. Furthermore, the CRSwNP market growth may be offset by failures and discontinuation of emerging therapies, unaffordable pricing, market access and reimbursement issues, and a shortage of healthcare specialists. In addition, the undiagnosed, unreported cases and the unawareness about the disease may also impact the CRSwNP market growth.
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Report Metrics |
Details |
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Study Period |
2019–2032 |
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Coverage |
7MM [the United States, the EU4 (Germany, France, Italy, and Spain) and the United Kingdom, and Japan]. |
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Chronic Rhinosinusitis with Nasal Polyps Market CAGR |
10.03 % |
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Chronic Rhinosinusitis with Nasal Polyps Market Size in 2022 |
USD 1.8 Billion |
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Key Chronic Rhinosinusitis with Nasal Polyps Companies |
AstraZeneca, Amgen, GlaxoSmithKline, Keymed Biosciences, Biohaven Pharmaceuticals, and others |
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Key Pipeline Chronic Rhinosinusitis with Nasal Polyps Therapies |
FASENRA (benralizumab), TEZSPIRE (tezepelumab), Depemokimab/GSK3511294, CM310, NURTEC (rimegepant), and others |
Scope of the Chronic Rhinosinusitis with Nasal Polyps Market Report
- Therapeutic Assessment: Chronic Rhinosinusitis with Nasal Polyps current marketed and emerging therapies
- Chronic Rhinosinusitis with Nasal Polyps Market Dynamics: Key Market Forecast Assumptions of Emerging Chronic Rhinosinusitis with Nasal Polyps Drugs and Market Outlook
- Competitive Intelligence Analysis: SWOT analysis and Market entry strategies
- Unmet Needs, KOL’s views, Analyst’s views, Chronic Rhinosinusitis with Nasal Polyps Market Access and Reimbursement
Discover more about chronic rhinosinusitis with nasal polyps drugs in development @ Chronic Rhinosinusitis with Nasal Polyps Clinical Trials
Table of Contents
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1. |
Chronic Rhinosinusitis with Nasal Polyps Key Insights |
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2. |
Chronic Rhinosinusitis with Nasal Polyps Report Introduction |
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3. |
Chronic Rhinosinusitis with Nasal Polyps Overview at a Glance |
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4. |
Chronic Rhinosinusitis with Nasal Polyps Executive Summary |
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5 |
Chronic Rhinosinusitis with Nasal Polyps Key Events |
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6 |
Epidemiology and Market Forecast Methodology |
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6. |
Disease Background and Overview |
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7. |
Chronic Rhinosinusitis with Nasal Polyps Treatment and Management |
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8. |
Chronic Rhinosinusitis with Nasal Polyps Guidelines |
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9. |
Chronic Rhinosinusitis with Nasal Polyps Epidemiology and Patient Population |
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10. |
Patient Journey |
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11. |
Key Endpoints in Chronic Rhinosinusitis with Nasal Polyps |
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12. |
Chronic Rhinosinusitis with Nasal Polyps Marketed Drugs |
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13. |
Chronic Rhinosinusitis with Nasal Polyps Emerging Drugs |
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14. |
7MM Chronic Rhinosinusitis with Nasal Polyps Market Analysis |
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15. |
Market Access and Reimbursement |
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16. |
KOL Views |
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17. |
Unmet Needs |
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18. |
SWOT Analysis |
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19. |
Appendix |
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20. |
DelveInsight Capabilities |
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21. |
Disclaimer |
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22. |
About DelveInsight |
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About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance. Get hassle-free access to all the healthcare and pharma market research reports through our subscription-based platform PharmDelve.
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The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
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SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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