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How has the anosmia market size evolved in recent years?

The anosmia market has grown rapidly in recent years. It will grow from $3.55 billion in 2024 to $3.9 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. This growth is driven by the increasing incidence of anosmia, the rising number of cases, growing research funding for drug development, and increased demand for healthcare solutions.

What are the predictions for the anosmia market size in the coming years?

The anosmia market is expected to grow strongly, reaching $5.65 billion by 2029 with a CAGR of 9.7%. The growth is attributed to the rising prevalence of chronic diseases, more funding from public and private sectors, pharmaceutical manufacturing developments, increased R&D activities, and therapeutic advancements. Key trends include technological advancements, advanced treatment options, and continued funding and development in pharmaceutical manufacturing.

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What key factors are fueling the growth of the anosmia market?

The rising occurrence of neurological disorders is anticipated to drive the growth of the anosmia market. Neurological disorders, which affect the nervous system, can lead to anosmia by damaging areas of the brain responsible for smell. The increase in neurological disorders is linked to an aging population and the rise of chronic diseases like diabetes and hypertension. For example, by 2060, the number of Americans with Alzheimer’s dementia is projected to double, according to the Alzheimer’s Association, which is contributing to the expansion of the anosmia market.

How is the global anosmia market divided into key segments?

The anosmia market covered in this report is segmented –

1) By Type: Idiopathic Anosmia, Congenital Anosmia

2) By Treatment: Therapies, Medications

3) By End User: Hospitals, Clinics, Other End Users

Subsegments:

1) By Idiopathic Anosmia: Partial Idiopathic Anosmia, Complete Idiopathic Anosmia

2) By Congenital Anosmia: Isolated Congenital Anosmia, Syndromic Congenital Anosmia (Associated With Other Conditions Or Syndromes)

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Who are the key firms paving the way for growth in the anosmia market?

Major companies operating in the anosmia market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Bayer AG, Sanofi SA, Bristol-Myers Squibb and Company, AstraZeneca plc, Abbott Laboratories, Novartis AG, GlaxoSmithKline PLC, Takeda Pharmaceutical Company Limited, Eli Lily and Company, Gilead Sciences Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Biogen Inc., Astellas Pharma Inc., Sun Pharmaceutical Industries Ltd., Torrent Pharmaceuticals Ltd., Aurobindo Pharma Limited, Cipla Inc., Alphapharm Pty. Ltd., Alde Medi Impex Ltd.

Which trends are expected to transform the anosmia market?

Companies in the anosmia market are developing innovative products such as smell training kits to assist individuals who have lost their sense of smell. For instance, in March 2022, Gousto, a UK-based meal kit manufacturer, launched Flavor Savior smell training kits to help individuals regain their sense of smell and taste following conditions like anosmia due to viral infections.

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What regions are contributing significantly to the growth of the anosmia market?

North America was the largest region in the anosmia market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the anosmia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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