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Global Steroid-Free Nasal Sprays Market to reach USD 11.81 billion by 2028.

Global Steroid-Free Nasal Sprays Market Size study, By Product Type (Nasal Antihistamine Sprays, Nasal Decongestant Sprays, Nasal Anticholinergic Sprays, Nasal Cromolyn Sodium Sprays, Others), By Distribution Channel (Institutional Sales, Retail Sales), and Regional Forecasts 2022-2028

Product Code: HLSDT-76368044
Publish Date: 15-09-2022
Page: 200

Global Steroid-Free Nasal Sprays Market is valued at approximately USD 7.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2028. Steroid-free nasal sprays are a variety of nasal spare that is used to deliver steroid-free medications in the nasal cavities or systemically. These nasal sprays are used for treating conditions such as allergic rhinitis and nasal congestion. The rising healthcare expenditure, increasing incidences of allergic reactions, coupled with the growing awareness of palliative care services are the key factors that are soaring the market demand across the globe. According to the Asthma and Allergy Foundation of America, in 2018, it was estimated that around 24 million people across the United States were diagnosed with seasonal allergic rhinitis. And, as per World Allergy Organization, rhinitis affected between 10% and 30 % of the population worldwide. In addition, it is projected that the global allergic rhinitis treatment segment reaches USD 7.3 billion by 2024 as per Statista. Therefore, the rising prevalence of allergic rhinitis is exhibiting a positive influence on the growth of the global market in the impending years. However, several side effects are associated with steroid-free nasal sprays, and the imposition of government regulations impedes the growth of the market over the forecast period of 2022-2028. Also, the increasing investments in the research & development activities and rising number of strategic actions by the key market players such as mergers & acquisitions, product launches, etc. are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Steroid-Free Nasal Sprays Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising healthcare expenditure and presence of leading market players. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing prevalence of allergic rhinitis, as well as growth of the pharmaceutical industry, would create lucrative growth prospects for the Steroid-Free Nasal Sprays Market across the Asia-Pacific region.

Major market players included in this report are:
Janssen Pharmaceutical, Inc.
Astra Zeneca Plc.
Cipla Ltd.
Glenmark Pharmaceuticals
GlaxoSmithKline Plc.
Novartis International AG
Procter & Gamble
Sanofi S.A. (Sanofi-aventis LLC.)
Boehringer Ingelheim GmbH
AdvaCare Pharma

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Nasal Antihistamine Sprays
Nasal Decongestant Sprays
Nasal Anticholinergic Sprays
Nasal Cromolyn Sodium Sprays
By Distribution Channel:
Institutional Sales
Retail Sales
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Steroid-Free Nasal Sprays Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Steroid-Free Nasal Sprays Market, by Region, 2020-2028 (USD Billion)
1.2.2. Steroid-Free Nasal Sprays Market, by Product Type, 2020-2028 (USD Billion)
1.2.3. Steroid-Free Nasal Sprays Market, by Distribution Channel, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Steroid-Free Nasal Sprays Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Steroid-Free Nasal Sprays Market Dynamics
3.1. Steroid-Free Nasal Sprays Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing incidences of allergic reactions Growing awareness for palliative care services
3.1.2. Market Challenges Several side effects are associated with steroid-free nasal sprays Imposition of government regulations
3.1.3. Market Opportunities Increasing investments in the research & development activities Rising number of strategic actions by the key market players such as mergers & acquisitions, product launches, etc.
Chapter 4. Global Steroid-Free Nasal Sprays Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Steroid-Free Nasal Sprays Market, by Product Type
6.1. Market Snapshot
6.2. Global Steroid-Free Nasal Sprays Market by Product Type, Performance – Potential Analysis
6.3. Global Steroid-Free Nasal Sprays Market Estimates & Forecasts by Product Type, 2018-2028 (USD Billion)
6.4. Steroid-Free Nasal Sprays Market, Sub Segment Analysis
6.4.1. Nasal Antihistamine Sprays
6.4.2. Nasal Decongestant Sprays
6.4.3. Nasal Anticholinergic Sprays
6.4.4. Nasal Cromolyn Sodium Sprays
6.4.5. Others
Chapter 7. Global Steroid-Free Nasal Sprays Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Steroid-Free Nasal Sprays Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Steroid-Free Nasal Sprays Market Estimates & Forecasts by Distribution Channel, 2018-2028 (USD Billion)
7.4. Steroid-Free Nasal Sprays Market, Sub Segment Analysis
7.4.1. Institutional Sales
7.4.2. Retail Sales
Chapter 8. Global Steroid-Free Nasal Sprays Market, Regional Analysis
8.1. Steroid-Free Nasal Sprays Market, Regional Market Snapshot
8.2. North America Steroid-Free Nasal Sprays Market
8.2.1. U.S. Steroid-Free Nasal Sprays Market Product Type breakdown estimates & forecasts, 2018-2028 Distribution Channel breakdown estimates & forecasts, 2018-2028
8.2.2. Canada Steroid-Free Nasal Sprays Market
8.3. Europe Steroid-Free Nasal Sprays Market Snapshot
8.3.1. U.K. Steroid-Free Nasal Sprays Market
8.3.2. Germany Steroid-Free Nasal Sprays Market
8.3.3. France Steroid-Free Nasal Sprays Market
8.3.4. Spain Steroid-Free Nasal Sprays Market
8.3.5. Italy Steroid-Free Nasal Sprays Market
8.3.6. Rest of Europe Steroid-Free Nasal Sprays Market
8.4. Asia-Pacific Steroid-Free Nasal Sprays Market Snapshot
8.4.1. China Steroid-Free Nasal Sprays Market
8.4.2. India Steroid-Free Nasal Sprays Market
8.4.3. Japan Steroid-Free Nasal Sprays Market
8.4.4. Australia Steroid-Free Nasal Sprays Market
8.4.5. South Korea Steroid-Free Nasal Sprays Market
8.4.6. Rest of Asia Pacific Steroid-Free Nasal Sprays Market
8.5. Latin America Steroid-Free Nasal Sprays Market Snapshot
8.5.1. Brazil Steroid-Free Nasal Sprays Market
8.5.2. Mexico Steroid-Free Nasal Sprays Market
8.6. Rest of The World Steroid-Free Nasal Sprays Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Janssen Pharmaceutical, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Astra Zeneca Plc.
9.2.3. Cipla Ltd.
9.2.4. Glenmark Pharmaceuticals
9.2.5. GlaxoSmithKline Plc.
9.2.6. Novartis International AG
9.2.7. Procter & Gamble
9.2.8. Sanofi S.A. (Sanofi-aventis LLC.)
9.2.9. Boehringer Ingelheim GmbH
9.2.10. AdvaCare Pharma
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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