Nasal Antiseptics Market Trends

Growth Drivers

• Increased Research & Development Activities in the Antibiotics Industry - Rethinking adult acute sinusitis treatment is becoming increasingly relevant. Antibiotic usage is a major concern in many nations due to drug-resistant microorganisms. This has resulted in increased morbidity, mortality, and costs for both individuals and healthcare systems. Businesses in the sinus or nasal decontamination treatment industry are investing in R&D to provide patients with more effective treatment options, which is expected to drive market growth. Antibiotics are predicted to be the second most popular therapeutic category, with significant growth. Recent studies on the effectiveness of antibiotics for acute sinusitis have excluded patients with severe illnesses or co-existing conditions like pulmonary disorders and diabetes.
• Increasing Elderly Population Worldwide - The nasal antiseptics market is expected to grow due to an increase in elderly patients suffering from chronic rhinosinusitis with nasal polyps (CRSwNP), the adoption of minimally invasive surgeries by otorhinolaryngology surgeons, and the availability of treatment options for nasal polyps through expanding research. Therefore, the growing elderly population globally is propelling the growth of the market. For instance, the global population of over 65 is expected to more than quadruple, from 761 million in 2021 to 1.6 billion in 2050. The number of people over 80 years old is rapidly increasing.
• Growing Awareness Regarding the Benefits of the Product - It reduces the growth of bacteria that might cause skin infections in patients. To make the nose safe before surgery, a broad-spectrum nasal antiseptics kit is utilized to prepare the skin. It is designed for professional and hospital use and can be stored at room temperature. Its ease of storing leads to widespread adoption in the business. It is commonly used in healthcare to prevent infection among patients. It also reduces the bacterial burden, which adds to a lower risk of illness in personnel and patients.

Challenges

• Severe Side Effects of the Product – Nasal antiseptics may cause minor to severe adverse effects. Common adverse effects include rashes, hives, itching, and blisters. Some severe adverse effects include chest or throat tightness, difficulty breathing, and mouth swelling. As a result, this issue may limit the growth of the market.
• Stringent Regulations and Laws may Hamper the Market Growth
• Increased Competition from Alternative Products in the Market may Hinder Market Growth