About Nasal Spray
Nasal Spray is the medical device which helps in delivering drugs through the nose in order to treat the patient’s allergies. These are used to aids certain local treatments such as nasal congestion and allergic rhinitis. It provides relief from sneezing, runny nose or itchy nose. Nasal Spray is produced in the droplets of range 20-200 microns which in turn is an effective range for therapeutic effects. An increasing number of people having nose problems is driving the market for nasal spray
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Nasal Spray market throughout the forecasted period. 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.
Teva (Israel), Novartis AG (Germany), Mylan (United States), Allergan PLC (Ireland), Pfizer Inc. (United States), Cipla (India), Akorn (United States), Apotex (Canada), Sun Pharma (Ranbaxy) (India) and Nephron Pharma (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Beximco Pharma (Bangladesh), Hikma (United Kingdom) and XIANJU PHARMA (China).
Segmentation Overview
AMA Research has segmented the market of Global Nasal Spray market by Type (Decongestion Nasal Spray, Steroid Nasal Spray, Salt Water Solution, Saline Nasal Spray and Others), Application (Asthma, Nasal Congestion, Allergic and Non-Allergic Rhinitis, Central Nervous System Disorders, Vaccination and Others) and Region.
On the basis of geography, the market of Nasal Spray 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 Patient Type, the sub-segment i.e. Infant will boost the Nasal Spray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dosage Form, the sub-segment i.e. Unit/Single Dose will boost the Nasal Spray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Container Design, the sub-segment i.e. Pressurized Canisters will boost the Nasal Spray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Home Care Settings will boost the Nasal Spray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Nasal Spray as an Effective Route of Drug Administration
Market Growth Drivers:
Increasing Cases of People Which Have Allergic Rhinitis and Infections Globally and Increasing Level of Population Especially in Developing Countries
Challenges:
Concern Related Towards Increased Risk of Recurrent Respiratory and CNS Central Nervous System Depression and Issue Related To Risk of Cardiovascular Effects and Reported Cases of Adverse Reactions due To Nasal Sprays
Restraints:
Stringent Regulatory Policies by Healthcare Authority
Opportunities:
Increasing Level of Pollution Day By Day is Owing to Nasal Problems and Growing Rising Demand for Self-Administration
Market Leaders and their expansionary development strategies
In March 2019, FDA approved Spravato (esketamine) nasal spray for curing adult’s patients with treatment-resistant depression. According to the FDA, in 2018, an estimated 7.4 million adults suffer from treatment-resistant depression in the U.S. which elevates the chances of suicidal tendencies and hospitalizations. Nasal sprays are used to deliver the drug in a smoother way as it contains active ingredients and medications which are dissolved in solutions or suspensions
In February 2024, Akums Drugs and Pharmaceuticals has launched nasal sprays. These products find use across therapies including respiratory, neurology and analgesics, among others, the company said, adding that it could be used for local and systemic action.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.