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Nonallergic
rhinitis, also known as vasomotor rhinitis is a medical condition that refers
to a set of symptoms that resemble nasal allergies and hayfever (allergic
rhinitis) occurring without a known cause. Some of the symptoms of non-allergic
rhinitis include Postnasal drip, Runny nose, Sneezing, and Stuffy nose among
others. Some patients with nonallergic rhinitis may even develop allergies and
asthma eventually, hence treating the condition well in time becomes essential.
Acknowledging
the heightened growth, the market perceives currently, Market Research Future
(MRFR) in its recently published study report asserts that the global nonallergic rhinitis market Sizeis expected to register
approximately 5.3% CAGR, creating a significantly larger revenue pocket
throughout the assessment period (2017 – 2023).
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Major Players:
Key players
leading the global nonallergic rhinitis market include Novartis (U.S.),
Boehringer Ingelheim GmbH (Germany), GlaxoSmithKline (U.K), Johnson &
Johnson Consumer Inc. (U.S.), Perrigo Company plc (Ireland), Bayer (U.S.), and
Sanofi (France) among others.
Global
Nonallergic Rhinitis Market -
Segmentations
The MRFR analysis is segmented into four key dynamics for
enhanced understanding.
By
Diagnosis : Physical Examination,
Allergy Testing, and Imaging Test among others.
By
Treatment : Nasal Sprays and
NSAIDs among others.
By
End-user : Hospitals &
Clinics and Research Centers among others.
By Regions :
Asia Pacific,North America, Europe, and the Rest-of-the-World.
Global
Nonallergic Rhinitis Market -
Geographical Analysis
The North
American region dominates the global nonallergic rhinitis market with a
significant market share. The market is further expected to create a
substantial revenue pocket growing at a considerable CAGR throughout the review
period (2017-2023). Factors such as
well-developed healthcare sector and increasing prevalence of nonallergic
rhinitis coupled with the high per capita healthcare expenditures drive the
growth in the regional market. Moreover, the consequent increase in the demand
for new diagnostic and treatment services alongside the presence of key players
in the region drives the market growth. Additionally, a well-spread awareness
about morbidity due to nonallergic rhinitis positively influences the growth of
the market in the region.
The
European nonallergic rhinitis market accounts for the second largest market,
globally. Factors such as the increasing demand for nasal sprays, and extensive
research and development activities by clinical research and academic
institutes for chronic diseases treatment drive the regional market. Germany
and France due to the presence of key manufacturing companies for NSAIDs
account for the major contributors for the market growth. A well-developed
healthcare sector led by the resurging economy in the region drives the market
growth predominantly.
The Asia
Pacific region, heading with the increasing number of patients suffering from
nonallergic rhinitis, is rapidly emerging as a promising market, globally. Moreover, factors such as the spreading
awareness about the availability of processes for diagnosis and treatment of
the disease drive the growth of the regional market. India, China, and Japan
account for the major contributors to the growth of the market.
Furthermore,
the increasing demand for nasal sprays and OTC medicines and the availability
of highly qualified medical personnel dedicated to the research of chronic
diseases pushes up the market growth.
Global
Nonallergic Rhinitis Market – Competitive Analysis
Intensely
competitive, the nonallergic rhinitis market appears fragmented owing to the
presence of several large & small key players. These market players through
strategic initiatives such as partnership, acquisition, expansion,
collaboration, and product & technology launch try to gain competitive
advantage. Substantial investments are being made in the R&D to develop a
treatment procedure that is on a different level entirely compared to their
competition.
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