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Sinusitis Market to Register Stunning Growth, Estimates DelveInsight | Key Players in the Market – Optinose, GeneOne Life Science, Lyra, Sanofi, Regeneron, Genentech, AstraZeneca, Sanofi, Bayer, Pfizer

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New York, USA, May 09, 2023 (GLOBE NEWSWIRE) — Sinusitis Market to Register Stunning Growth, Estimates DelveInsight | Key Players in the Market – Optinose, GeneOne Life Science, Lyra, Sanofi, Regeneron, Genentech, AstraZeneca, Sanofi, Bayer, Pfizer

The sinusitis market is anticipated to surge due to the factors such as the launch of novel drugs, increasing healthcare spending and improved diagnosis during the forecasted period (2023–2032) in the 7MM. 

DelveInsight’s Sinusitis Market Insights report includes a comprehensive understanding of current treatment practices, sinusitis emerging drugs, market share of individual therapies, and current and forecasted market size from 2019 to 2032, segmented into 7MM [the United States, the EU-4 (Italy, Spain, France, and Germany), the United Kingdom, and Japan].

Key Takeaways from the Sinusitis Market Report

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  • As per DelveInsight analysis, the sinusitis market is expected to grow positively owing to several underline factors during the study period (2019–2032).
  • DelveInsight’s analysis shows that sinusitis cases show an increasing trend in the forecasted period in the United States. 
  • Globally, leading sinusitis companies such as Optinose US Inc, GeneOne Life Science, Lyra Therapeutics, Sanofi, Regeneron Pharmaceuticals, Genentech, AstraZeneca, Sanofi, Bayer, Pfizer, TRELLIS BIOSCIENCE, Sanotize Research and Development, OptiNose, Biohaven Pharmaceuticals, Keymed Biosciences Co.Ltd, Suzhou Connect Biopharmaceuticals, Ltd., BEAM Alliance, Insmed Incorporated, Lanier Biotherapeutics, GlycoMira, IVIEW Therapeutics Inc., Nota Laboratories LLC, Quorum Innovations, and others are developing novel sinusitis drugs that can be available in the sinusitis market in the coming years.
  • Some of the key therapies for sinusitis treatment include OPN-375, Quinine topical nasal spray, Mometasone eluting resorbable scaffold, Dupilumab, Omalizumab, Benralizumab, Telithromycin, Moxifloxacin, PF-06817024, and others.
  • Several sinusitis therapies are in various stages of development, and their anticipated launch will drive the sinusitis market forward. 

Discover which therapies are expected to grab the major sinusitis market share @ Sinusitis Market Report

Sinusitis Overview

Sinusitis is one of the most common primary care diagnoses. It causes significant morbidity, often necessitating time away from work, and is one of the most common reasons why a general practitioner will prescribe antibiotics. Sinusitis is defined as inflammation of the mucosal lining of the paranasal sinuses. However, rhinosinusitis is a more correct word because sinusitis typically accompanies inflammation of the neighboring nasal mucosa. Rhinosinusitis is frequently categorized depending on the length of sinusitis symptoms and inflammation. Acute rhinosinusitis (ARS) is described as sinusitis symptoms lasting over 12 weeks. Chronic rhinosinusitis (CRS) is sinusitis symptoms lasting over 12 weeks. The majority of acute rhinosinusitis is viral in nature and improves on its own.  It is critical to differentiate between viral and bacterial rhinosinusitis to avoid providing ineffective antibiotics against viral infections.

Sinusitis Epidemiology Segmentation

The sinusitis epidemiology section provides insights into the historical and current sinusitis patient pool and forecasted trends for the seven individual major countries. It helps recognize the causes of current and forecasted trends by exploring numerous studies and views of key opinion leaders.

The sinusitis market report proffers epidemiological analysis for the study period 2019–2032 in the 7MM segmented into:

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  • Total Sinusitis Prevalent Cases
  • Sinusitis Gender-specific Prevalent Cases
  • Sinusitis Type-specific Cases

Download the report to understand which factors are driving sinusitis epidemiology trends @ Sinusitis Epidemiological Insights

Sinusitis Treatment Market 

Antibiotics, such as amoxicillin, have been suggested as first-line treatment for uncomplicated acute sinusitis for two weeks. The chosen antibiotic must be effective against S. pneumoniae, H. influenza, and M. catarrhalis. Because S. pneumoniae causes rare intracranial and ocular complications of acute bacterial sinusitis, comprehensive coverage for this pathogen is essential. Amoxicillin-clavulanate (Augmentin) is also an effective first-line treatment for acute sinusitis. The inclusion of clavulanate, a beta-lactamase inhibitor, improves H. influenzae and M. catarrhalis coverage. Because of S. pneumoniae resistance, greater amoxicillin dosages (90 mg/kg/day up to 2 g/day) should be investigated.

Cephalosporins such as cefpodoxime proxetil (Vantin) and cefuroxime (Ceftin) are further alternatives for sinusitis treatment. Trimethoprim-sulfamethoxazole (Bactrim), clarithromycin (Biaxin), and azithromycin (Zithromax) may be recommended in individuals allergic to beta-lactams, although they may not provide appropriate coverage for H. influenzae or resistant S. pneumoniae. Penicillin, erythromycin (Suprax), and first-generation cephalosporins such as cephalexin (Keflex, Keftab) are not advised for treating acute sinusitis due to poor antibiotic coverage of the main pathogens.

Mucolytic drugs (guaifenesin) can assist in reducing mucus viscosity for easier clearance and are frequently used in conjunction with decongestants. Some mucolytics are now available over the counter. Saline spray or irrigation can aid in the removal of secretions. Topical corticosteroids are not recommended for acute sinusitis but may benefit chronic sinusitis, nasal polyps, and allergic and nonallergic rhinitis. Antihistamines are not recommended for sinusitis but may be beneficial for underlying allergic rhinitis.

To know more about sinusitis treatment, visit @ Sinusitis Treatment Drugs 

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Key Sinusitis Therapies and Companies

  • OPN-375: Optinose US Inc
  • Quinine topical nasal spray: GeneOne Life Science
  • Mometasone eluting resorbable scaffold: Lyra Therapeutics
  • Dupilumab: Sanofi/Regeneron Pharmaceuticals
  • Omalizumab: Genentech
  • Benralizumab: AstraZeneca
  • Telithromycin: Sanofi
  • Moxifloxacin: Bayer
  • PF-06817024: Pfizer

Learn more about the FDA-approved drugs for sinusitis @ Drugs for Sinusitis Treatment 

Sinusitis Market Dynamics

The sinusitis market is expected to change in the coming years. Sinusitis is a common cancer treatment modality. As a result, a large population suffers from sinusitis, creating a massive sinusitis market for any new entrant. Moreover, advancements in radiation delivery technology, such as intensity-modulated radiation treatment, can assist in reducing radiation-induced skin toxicity in specific tumour types, such as breast cancer, will also propel the sinusitis market growth. For those at increased risk of sinusitis, prophylactic administration of a topical steroid is preferred, and topical steroids are often used to treat acute instances. Furthermore, there is some interest in using topical antioxidants or oral enzymes to prevent sinusitis, but no apparent effect has been demonstrated yet.

Furthermore, there is a significant deal of interest in better understanding the processes of dermal injury to mitigate the dermatologic consequences of radiation therapy, but prospective data to guide management are currently scarce. Additionally, the sinusitis pipeline is highly robust; many possible therapies are being studied for sinusitis treatment, and it is safe to assume that the therapeutic space will substantially impact the sinusitis market throughout the forecast period.

However, certain factors may affect the growth of the sinusitis market. Despite developments in radiation delivery technology and rising attention to minimising skin responses, sinusitis management has no gold standard. There are few prospective randomised studies on the use of pharmacologic or supportive care treatments, both topical and non-topical, to prevent and cure sinusitis. Several off-label therapy options are now available on the sinusitis market, each with a sizable sinusitis market share and posing a significant challenge to any new entry in the sinusitis market.

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Moreover, the sinusitis market growth may be offset by failures and discontinuation of emerging therapies, unaffordable pricing, market access and reimbursement issues, and a shortage of healthcare specialists. In addition, the undiagnosed, unreported cases and the unawareness about the disease may also impact the sinusitis market growth. Furthermore, sinusitis treatment options in cancer have been steadily increasing. This increase in alternative medicines can potentially reduce sinusitis prevalence and hence cause a dip in the growth of the sinusitis market.

Report Metrics Details
Study Period 2019–2032
Coverage 7MM [The United States, the EU-4 (Germany, France, Italy, and Spain), the United Kingdom, and Japan]
Base Year 2019
Key Sinusitis Companies Optinose US Inc, GeneOne Life Science, Lyra Therapeutics, Sanofi, Regeneron Pharmaceuticals, Genentech, AstraZeneca, Sanofi, Bayer, Pfizer, TRELLIS BIOSCIENCE, Sanotize Research and Development, OptiNose, Biohaven Pharmaceuticals, Keymed Biosciences Co.Ltd, Suzhou Connect Biopharmaceuticals, Ltd., BEAM Alliance, Insmed Incorporated, Lanier Biotherapeutics, GlycoMira, IVIEW Therapeutics Inc., Nota Laboratories LLC, Quorum Innovations, and others
Key Sinusitis Therapies OPN-375, Quinine topical nasal spray, Mometasone eluting resorbable scaffold, Dupilumab, Omalizumab, Benralizumab, Telithromycin, Moxifloxacin, PF-06817024, and others

Scope of the Sinusitis Market Report

  • Therapeutic Assessment: Sinusitis current marketed and emerging therapies
  • Sinusitis Market Dynamics: Attribute Analysis of Emerging Sinusitis Drugs
  • Competitive Intelligence Analysis: SWOT analysis and Market entry strategies
  • Unmet Needs, KOL’s views, Analyst’s views, Sinusitis Market Access and Reimbursement

Discover more about sinusitis drugs in development @ Sinusitis Clinical Trials

Table of Contents

1. Sinusitis Market Key Insights
2. Sinusitis Market Report Introduction
3. Sinusitis Market Overview at a Glance
4. Sinusitis Market Executive Summary
5. Disease Background and Overview
6. Sinusitis Treatment and Management
7. Sinusitis Epidemiology and Patient Population
8. Patient Journey
9. Sinusitis Marketed Drugs
10. Sinusitis Emerging Drugs
11. Seven Major Sinusitis Market Analysis
12. Sinusitis Market Outlook
13. Potential of Current and Emerging Therapies
14. KOL Views
15. Unmet Needs
16. SWOT Analysis
17. Appendix
18. DelveInsight Capabilities
19. Disclaimer
20. About DelveInsight

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Sinusitis Pipeline Insight – 2023 report provides comprehensive insights about the pipeline landscape, pipeline drug profiles, including clinical and non-clinical stage products, and the key sinusitis companies, including GeneOne Life Science, Lyra Therapeutics, TRELLIS BIOSCIENCE, Sanotize Research and Development, Sanofi, OptiNose, Biohaven Pharmaceuticals, Keymed Biosciences Co.Ltd, Suzhou Connect Biopharmaceuticals, Ltd., Genentech, Inc., Pfizer, among others.

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Sinusitis Epidemiology Forecast – 2032 report delivers an in-depth understanding of the disease, historical and forecasted sinusitis epidemiology in the 7MM, i.e., the United States, EU5 (Germany, Spain, Italy, France, and the United Kingdom), and Japan.

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Chronic Rhinosinusitis Pipeline Insight – 2023 report provides comprehensive insights about the pipeline landscape, pipeline drug profiles, including clinical and non-clinical stage products, and the key chronic rhinosinusitis companies, including Connect Biopharma, Lyra Therapeutics, Sanotize Research and Development corp., Regeneron Pharmaceuticals, AstraZeneca, among others.

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About DelveInsight

DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance. Get hassle-free access to all the healthcare and pharma market research reports through our subscription-based platform PharmDelve.

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ZA Tech Rebrands as Peak3, Raises US$35M Series A led by EQT

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SINGAPORE, June 19, 2024 /PRNewswire/ — ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.

In a market dominated by fragmented legacy technology, Peak3 has pioneered a cloud-native, modular insurance core and distribution system that combines comprehensive capabilities for life, health, and property and casualty (P&C) insurance. Since its founding in 2018, Peak3 has become a trusted technology partner to global insurers such as AIA, Generali, Prudential, and Zurich for their digital and traditional business. It has also partnered with leading digital platforms such as Carro, Grab, Klook, and PayPay to build and scale their embedded insurance businesses.
Besides the successful fundraising, Peak3 has recently achieved key milestones underpinning the rebranding. These transformative achievements include launching its first multi-country, multi-tenant core modernisation in Europe, rolling out an integrated customer data and big data platform for scaling analytics and AI capabilities, and establishing its first technology centre in Europe. The rebranding coincides with another major milestone: Issuing over a billion insurance policies on Peak3’s systems – including the first policies issued to North American customers and the first ones to be issued in Africa.
“We have evolved from an embedded insurance pioneer in Asia to a global end-to-end technology partner for the insurance industry,” said Bill Song, Peak3 Group CEO and Co-Founder. “Our new name represents three pinnacles: scaling the heights of innovation, surpassing performance limits, and delivering superior reliability – as we help insurers reach the highest summits of their cloud, data, and AI transformation.”
Bill Song also emphasised the growth opportunity: “There is an incredible tech investment backlog in the US$7-trillion global insurance industry. Continued digitalisation and the proliferation of AI will require structural investments by insurers over the next decade to modernise their core systems. We are uniquely positioned to capture this opportunity by providing the tech core foundations and innovation use cases.” 
To accelerate its growth journey, Peak3 completed its Series A fundraising and welcomed two new investors on its cap table: EQT, a major global technology investor with a deep heritage in Europe, and Alpha JWC Ventures, a leading venture firm in Southeast Asia. With the funding, Peak3 will advance its analytics and AI capabilities toward an intelligent core insurance solution, grow its EMEA operations and establish new system integrator partnerships. Peak3 targets double-digit ARR growth this year and is on the path to reach cashflow breakeven over the coming quarters.
“Peak3 has also proven its capability to deliver greenfield digital insurance initiatives and complex multi-country core modernisation projects in APAC and EMEA. As the lead investor, EQT is committed to empowering Peak3 in its go-to-market acceleration by leveraging our global network,” stated Clara Ho, Partner at EQT.
J.P. Morgan acted as exclusive financial advisor to Peak3 for this Series A fundraising.
For media inquiries and interview requests, please contact Carling Sia, Global Head of Branding and Marketing, at [email protected].
For more information on Peak3, please visit www.peak3.com. For more information on EQT, please visit www.eqtgroup.com.For more information on Alpha JWC Ventures, please visit www.alphajwc.com.
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Lucinity Recognized as One of the Top 100 AI Fintech Companies Globally

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REYKJAVIK, Iceland, June 18, 2024 /PRNewswire/ — Lucinity has been featured in the AIFinTech100 list for 2024, marking its recognition as one of the top AI companies in the financial services industry. The AIFinTech100 list, curated by industry experts, highlights the most innovative fintech companies globally. Lucinity was selected from over 2,000 fintech firms for its problem-solving, market potential, innovation, and customer engagement. Earlier this year, Lucinity was also highlighted as a RegTech100 company.

 
 
This recognition comes amid rapid AI adoption in fintech. According to Fintech Global, research predicts the AI market in fintech will grow from $42.83 billion to $44.08 billion by 2024, reaching $50.87 billion by 2029. Banks alone are expected to spend $4.9 billion on AI platforms by 2024, with a 21.8% annual growth rate since 2019.
Lucinity’s inclusion in the AIFinTech100 list reflects its success in developing AI solutions that enhance efficiencies and cost savings for financial crime operations teams. Notably, Luci, the world’s first Generative AI copilot for financial crime investigations, launched in 2023, leverages Microsoft OpenAI technologies to augment human analysts’ capabilities, reducing investigation times from 3 hours to just 30 minutes. 
Lucinity also recently launched Luci as a copilot plugin at Money20/20. Financial institutions are now able to integrate Luci with any web-based enterprise application including CRM systems, Case Manager systems, and Excel, delivering immediate ROI with zero upfront integration. 
Security remains a significant challenge in AI adoption. Lucinity addresses this by partnering with Microsoft Azure develop a secure infrastructure. With a strong emphasis on compliance, Luci offers comprehensive auditability through its detailed Audit Log functionality.
Guðmundur Kristjánsson (GK), CEO of Lucinity, comments, “Being named in the AIFinTech100 showcases our impact amongst banks and fintech through advanced AI. It underscores our platform’s ability to empower compliance teams, deliver ROI, and reduce operational costs.”
Richard Sachar, Director of FinTech Global, added, “AI is revolutionizing financial services, increasing efficiencies and offering personalized products. This year’s AIFinTech100 list includes top innovators transforming the industry with AI applications.”
Lucinity’s inclusion in the AIFinTech100 list for 2024 follows several achievements, including winning the Microsoft Partner of the Year Awards for Sustainability and Social Impact and Partner of the Year – Iceland. Lucinity was also included in Chartis Research’s FinCrime and Compliance 50 Ranking for 2024 and was recognized as the best tool for Workflow Automation.
Name: Celina PabloEmail: [email protected] +354 792 4321
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CRISIL wins Model Validation Tools and Accelerators category award, other recognitions from Chartis

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Recognized among top 50 financial services firms for analytics and risk tech
MUMBAI, India, June 18, 2024 /PRNewswire/ — CRISIL, a global provider of advanced analytics and risk management solutions, has won the Solution Category award for Model Validation Tools and Accelerators as part of the latest Chartis STORM 2024 report.

Published by Chartis Research, the leading provider of research and analysis on the global market for risk technology, STORM 2024 is an annual report on quantitative technologies and the computational infrastructure supporting it.
Following an extensive evaluation process, which included a risk technology survey, product demo, customer reference checks, and third-party sources of information, CRISIL won the following recognitions:
Solution category award for Model Validation Tools and AcceleratorsRanked Top 25 (#24) in QuantTech50 2024 rankingsRanked Top 25 (#24) in BuySideRisk50 2024 rankingsRanked Top 50 (#38) in RetailFinanceAnalytics50 2024 rankingsThe recognitions reflect the unparalleled value CRISIL brings to its clients through deep domain expertise, specialized analytical and technical knowledge and our global perspective.
Says Jan Larsen, President and Head, CRISIL Global Research & Risk Solutions, “CRISIL is honored by the recognition across multiple STORM50 award categories this year, including being named first place for Model Validation Tools and Accelerators. This is a great testament to the contributions of our team in giving clients and their regulators confidence in the models they use for making critical decisions.”
The core tenets of CRISIL’s value proposition include expertise across asset classes and risk stripes, analytical excellence and regulatory experience, tailored solutions focused on client delight, continuous improvement and technological innovation. 
Says Ashish Vora, President, CRISIL Market Intelligence and Analytics, “This prestigious recognition underscores the global acceptance of our risk management solutions and highlights our unwavering commitment to excellence in the risk technology space. Our Credit+ technology solutions have been instrumental in offering AI-enabled advanced analytics and driving efficiency, and we are particularly proud of the exceptional client feedback we have received for these solutions. We are constantly exploring new ways to enhance customer value and are investing in cutting-edge technology and domain expertise to maintain our position at the forefront of the industry.”
Notable examples of CRISIL’s platforms that help demonstrate this value proposition include: 
Model Infinity: A leading platform for model inventory management and model risk management. This innovative platform empowers our client to centralize all model activities, eliminates manual processes and operational risk, and provides a full audit trail of approvals for modeling assumptions and updates. Scenario Expansion Manager (SEM): A platform for clients to expand, analyze and track all regulatory and internal scenarios used for stress testing. As a centralized repository of scenarios, SEM allows institutions to eliminate redundant internal work and even provide clients the ability to share internal scenarios with one another. Credit+ ICON: The platform enables credit decision-making through its extensive financial spreading and front-end based credit risk scorecard hosting capabilities. Powered by deep domain expertise, AI-driven analytics and extensive configurability, it serves 40+ global clients across 15 countries.Credit+ Early Warning Signals: The AI-powered solution provides banks with actionable insights to monitor their credit quality, lower loan-loss contingencies and track corrective action plan.About CRISIL Market Intelligence & Analytics
About Global Research & Risk Solutions
About CRISIL Limited
Connect with us: LINKEDIN | TWITTER | YOUTUBE | FACEBOOK 
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This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL. However, CRISIL alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc.
CRISIL has taken due care and caution in preparing this press release. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. CRISIL, especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.
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