What is Oral Thin Films?
Oral thin films (OTFs) are polymeric films used to deliver therapeutics through oral administration. They are loaded with active substances like APIs. It is also administrated through gastrointestinal absorption. Oral thin films are known as a smart choice for drug delivery. It offers advantages like ease in administration and its patient friendly nature. They provide rapid movement of drug towards its targeted areas. It allows therapeutics to enter directly into the circulatory system by sublingual or oromucosal absorption. This direct absorption protects drugs from acidic stomachs conditions and hence large portion of API is able to move towards targeted area. This films are thin, flexible in nature which provides rapid delivery of drug. Thus, owing to this advantages, healthcare professionals prefers OFTs for rapid drug delivery. It is mostly prefers for geriatric population and children. Further it is used for wide range of disorders like chronic, & incidences of nausea and neurological diseases. Thus, significance associated with safe, efficient oral thin films is expected to drive the market growth over forecast period.
The market study is broken down by Type (Oromucosal, Orodispersible, • Orally Disintegrating and • Orally Dissolving), by Application (Allergy/Cough and Cold, Pain Management, Anti-flatulence, Neurological Disorders, Schizophrenia and Others) and major geographies with country level break-up.
The market of Oral Thin Film is expected to grow with rising demand from hospitals and research organisations. Rising number of chronic cases impacting on the demand in positive manner. Thus, various companies are operating in the market to provide excellent OTFs. Companies are involving in research & developments to providing OTFs with wide applicability. For instance, in 2019, Dr. Reddys Laboratories has launched generic version of indivior's Suboxone Sublingual Film which was previously launched by Mylan in United States. The market is highly fragmented owing to presence of major players. This market players are gaining attention owing to raised demand. However, new entries are focusing on providing upgraded versions of OTFs to the market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novartis AG (Switzerland), Cure Pharmaceutical (United States), AdhexPharma (France), Tapemark (United States), Avomee (United States), ARx, LLC. (United States), Umang Pharmaceuticals. (India), ODF Nutra inc. (Canada), XPhyto Therapeutics Corp. (Canada), ZIM Laboratories Limited (India), IntelGenx Corp. (United States), Seoul PharmaCo (South Korea) and Dr. Reddy’s Laboratories Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Shilpa Therapeutics Pvt. Ltd (India) and Livkon Pharmaceutical Pvt Ltd (India).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Oral Thin Films market by Type, Application and Region.
On the basis of geography, the market of Oral Thin Films has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Oral Thin Films market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Hospitals & Clinics will boost the Oral Thin Films market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In October 2020, CURE Pharmaceutical Holding a subsidiary Sera Labs has launched the innovative OTFs called Nutri-Strips. Nutri-Strips allows rapid delivery by administrating directly on tongue. It is developed with advanced oral thin film strip technology RAD3. This RAD3 is mainly for quick Delivery of novel vitamins and supplements.
Patent- United States 10130684 B2- Filed In 2018 For Oral Dissolving Films For Insulin Administration, For Treating Diabetes and Patent- United States 9597287 B2- Filed In 2017 For Edible Oral Strip Or Wafer Dosage Form Containing On Exchange Resin For Taste Masking
Market Trend
- Preference of Hospitals & Clinics for Patient Friendly OTFs for Children’s And Geriatric Population Has Been Grown
Market Drivers
- Growing Expenditure of Healthcare Industry
- Increasing Incidence of Neurological Disorders
- Rising Geriatric Population
Opportunities
- Government Funding’s to develop Novel Drug Delivery Systems
- Simple Manufacturing Process & Continue Processing allows Cost Effective OTS Manufacturing which is Known as Lucrative Growth Opportunity for Market
Restraints
- Limitations regarding Packaging & Dosing of OTFs may restrain its Demand
- Straighten Regulatory Norms
- Requirements of Massive Investments for R&D
Challenges
- Huge Treatment Cost of Chronic Disorders in which OTFs are involved
Key Target Audience
Oral Thin Films Manufacturers/Suppliers/Distributor, Raw Material Suppliers, Research Centers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.