Paranasal Sinus Cancer Market Size, Trend Analytics and Forecast to 2023

Market Overview:

Paranasal sinus cancer is the rarest type of tumor that grows inside sinuses, the open spaces behind the nose. Paranasal sinus cancer is rare, and not much is known about the risk factors or the causes that lead to this disease. Researches carried out in the field suggest that being exposed to certain chemicals or dus in the workplace can increase the risk of paranasal sinus and nasal cavity cancer. However, no study has confirmed how these changes occur and how the changes might cause cancer to form. Similarly, no specific environmental inherited or lifestyle risk factors have been strongly linked to paranasal sinus cancer. Some studies have also suggested a possible link with different types of cells in the paranasal sinus and nasal cavity that become malignant, showing

The symptoms of the condition. According to Market Research Future (MRFR), the global Paranasal Sinus Cancer Treatment Market Forecast is expected to account for a modest growth by 2023. In its recently published analysis, MRFR also asserts that the market would register approximately 5.2% CAGR throughout the forecast period (2018–2023). Advancements in medical technology is a major driving force.

ARMO Biosciences was taken over by Eli Lilly for USD 1.6 billion for expanding its oncology portfolio that backed support for its oncology portfolio. Hence, these instances demonstrate that collaborations can create immense scope for new innovation. Therefore, new product launches is a significant cause that can bolster the paranasal sinus cancer market growth. Expensive treatment for paranasal sinus cancer and strict rules governing new product approval are certain causes which can restraint the market growth.

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Major Players:

  • AbbVie
  • Pfizer Inc
  • Eli Lily and Company
  • Bristol-Myers Squibb Company
  • Hoffman-La Roche Ltd
  • Becton
  • Dickinson and Company
  • Novartis AG
  • Ipsen Biopharmaceuticals Inc
  • Thermo Fisher Scientific
  • Abbott
  • G E Healthcare
  • Agilent Technologies Inc

Paranasal Sinus Cancer Market – Segments:

The report is segmented into four market dynamics to widen the scope of understanding,By Diagnosis       : Medical History, Physical Examination, Biopsy (fine needle aspiration (FNA), incisional, and excisional biopsies.), and Imaging Tests {X-rays, CT Scan (computed tomography scan), MRI Scan (magnetic resonance imaging scan), and PET Scan (positron emission tomography scan), others}, among others.

By Treatment           :  Surgery, Radiotherapy, and Chemotherapy, among others.

By End-user              : Hospital & Clinics and Cancer Treatment & Research Center (radiotherapy, chemotherapy), among others.

By Regions                : Europe, North America, APAC, and the Rest-of-the-World (RoW).

Paranasal Sinus Cancer Market – Regional Analysis:

North America leads the global paranasal sinus cancer market with the largest market share. Rising prevalence of this rare type of cancer, alongside, the well-developed healthcare sector and growing healthcare expenditure in the region drive the regional market growth. Moreover, well-developed technology and the presence of leading market players foster the growth of the regional market.

Europe is another lucrative market for paranasal sinus cancer, globally, which follows the North American market closely. The market in this region is fostered by the increasing number of patients suffering from the disease and the increased healthcare sector. Also, the availability of funds for research and growing healthcare expenditure push up the growth of the regional market. Moreover, the growing paranasal sinus cancer markets in countries such as the UK, Germany, and France drive the regional market growth at a large scale.

The Asia Pacific paranasal sinus cancer market is emerging as a rapidly growing market. Factors such as the improving economic conditions and increasing government funding for healthcare sector drive the regional market growth. Moreover, the availability of cost-competitive procedures and drugs to treat the disease effectively in the already growing markets of India and China will lead the regional market.

Besides, the vast patient population suffering from the paranasal sinus cancer are increasing the size of the regional market. Furthermore, the research and development expenditures provided by the public & private associations and amendments in reimbursement of healthcare policies are expected to foster the market growth in the APAC region.