Polyps Market Size, Share, Growth, and Industry Analysis by Type (Digestive Polyps, Endometrial Polyp, Cervical Polyp, Nasal Polyps, Laryngeal Polyps), By Application (Hospitals & Clinics, Academic and Research), Regional Forecast To 2031

Updated On: 29 April 2024

Polyps Market REPORT OVERVIEW

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global polyps market size was USD 12830 Million in 2021 and market is projected to touch 21981.09 Million by 2031, exhibiting a CAGR of 5.2 % during the forecast period.

Polyps are the tissue growth that often look small, flat bumps or tiny mushroom like stalk.

It can affect different parts of the body, including the colon, the uterus, the nose, and the ears. Most of such tissues are harmless, but some can become cancerous over time. Most of this healthcare devices are nonthreatening, meaning they’re noncancerous. But because they are due to abnormal cell growth, they can eventually become malignant, or cancerous. There is higher chance of developing certain types of polyps if you have some genetic changes or a family history of syndromes caused by genetic features. Doctors can determine the growth by performing biopsy. It comprises by taking small tissue sample and testing it for the presence of cancerous cell. There are various types of polyps such as endometrial, cervical, nasal, and others. There are some reasons specific polyps may occur such as colon polyps- it occurs on the mucous lining of the colon because of no reason or as a result of change.

Cervical - it occurs due to infection or chronic inflammation, congestion of blood vessel in the cervix. Nasal polyps- it occurs due to fungal or bacterial infection.

Maximum polyps have no symptoms and screening is only dependable measures to detect it. Symptoms related to the tissue are vomiting, constipation, vaginal bleeding, irregular periods, and nausea. The market is expected to profitable growth opportunities in future raising the demand for the product. Symptoms related with this disease include trouble breathing through nose, loss of smell, decreased taste, post nasal drip, and a runny nose. Lack of awareness about the disease and unavailability of advanced medication and surgical procedures in underdeveloped countries causes depletion of market growth. The treatment of nasal polyps is further sub divided into medication, surgery and others. Awareness of major companies and cancer research in developed countries is boosting the market growth and market share. The market report scope covers the market size, share, opportunities, strategic analysis, competition, and market developments. The market can be further classified into hospitals & clinics, academic & research institutes, and others.

COVID-19 Impact: supply chain disruption hindered market expansion during the pandemic

The spread of the pandemic has posed a unique challenge to the healthcare systems worldwide, causing the downscaling of almost all clinical activities. ensuring the safety of mostly cancer patients and minimizing transmission between healthcare workers have also become priorities in pandemic times.  The COVID-19 pandemic infected millions of people by coronavirus the cases consider supply chain disruptions, consumer self-confidence, economic impact. The rise in awareness of polyps and increase in screening factors boost the growth. The COVID-19 crisis is drawing attention to the already overburdened public health systems in many countries and to the challenges faced in recruiting, deploying, retaining and protecting sufficient well-trained, supported and motivated health workers. The pandemic has helped to grow considerably as the demand for antibiotics increased due to nasal polyps symptoms like loss of smell, breathing related issues, loss of taste. The outbreak of COVID-19 has positively impacted the market.

LATEST TRENDS

"Increase in strategies result in upliftment of the market growth"

Development of the market depends on strategies various companies are focusing on strategies like product launches, innovative technology, events, product approval, partnership, collaborations and others. This has helped to expand the business and build customers which increases the market growth.

Polyps Market SEGMENTATION

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• By Type

Depending on the Market given are digestive polyps, endometrial polyp , cervical polyp, nasal polyps, laryngeal polyps.

Digestive Polyps is the leading part of the type segment.

• By Application Analysis

According to application, the market can be segmented into hospitals & clinics, academic and research.

Hospitals & Clinics is the leading part of the application segment.

Driving Factors

"Launching of new products for treatment to led to various growth opportunity"

Market players are launching new products which driving towards growth of the market over the forecast period. Development of the market depends on strategies various companies are focusing on strategies like product launches, innovative technology, events, product approval, partnership, collaborations and others. The outbreak of COVID-19 has positively impacted the market.

"Increasing incidence of sinus related disease to boost market growth"

Increasing incidence of sinus related diseases is expected to drive polyps market growth over the forecast period globally. Increase in number of sinusitis disease would lead to high demand for treatment which would boost the market growth of the product. Symptoms related with the healthcare device include trouble breathing through nose, loss of smell, decreased taste, post nasal drip, and a runny nose.

Restraining Factors

"High cost to Deplete the market growth"

Drugs used for treatment of nasal polyps is increasing the side effects which expected to hamper the market. Additionally, it also causes side effects like fever, sore throat, face pain, nasal discharge, cough, rashes, itching, swelling of face, hand, feet, ankle, lips and others. These issue may hamper the growth of market. High cost and complications associated with sinus surgeries hamper growth of the market. Adverse reactions related with steroid therapies such as weight gain, loss of bone mineral density and cataract formation in eyes are expected to restrict the growth of the market. Most of the people working as daily wage workers and on very low monthly salary cannot afford such costly treatments. 

Polyps Market Regional Insights

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"North America Region to dominate the Market due to the availability of advanced drugs"

North America is expected to dominate the market due to availability of advance drugs. Collective incidence of cancer and allergic disorders like asthma, sinus and others has increased the approval from regulatory bodies. Major factor boosting the market share in the region is awareness among the individuals. Market is anticipated to expand at a speedy pace due to increase in geriatric population. The market can be further classified into hospitals & clinics, academic & research institutes, and others.

Key Industry Players

"Key Players Focus on Effective methods to Achieve growth"

In-depth analysis of the market along with the current trends and future estimations to explain the forthcoming investment. Key players are entering into partnerships to develop and increase their market position worldwide. The growing research and development activities and development of surgical treatments and therapies are likely to create various new opportunities in the market over the forecast period. Major factor boosting the market in the region is awareness among the individuals. Improvement and customer focus schemes combined with modernizing and expanding manufacturing remain the acute success factors.

List of Market Players Profiled

• Millennium Surgical (U.S.)
• Black Smith Surgical (U.S.)
• B. Braun Melsungen (Germany)
• Medtronic (Ireland)
• Sun Pharmaceuticals (India)
• Endo Pharmaceuticals (Ireland)
• Cook Medical (U.S.)

Report Coverage

This study provides important understandings about market drivers, restraints, opportunities, new product launches or approval and competitive strategies adopted by the key players. The research provide clients with comprehensive and accurate information on various industries and markets. It is designed to provide clear understanding of the market, trends and future prospective. The market can be further classified into hospitals & clinics, academic & research institutes, and others. The report gives clear scenario of past, current market and future market size with respect to advancement of technology, economical factors and others.