About Nasal Drug Delivery Technology
Nasal Drug Delivery Technology is used to type of drug administration through the nasal route. Nasal applications of drugs is the most popular topical nasal drug delivery method. It provides rapid drug absorption and quick onset of action can be achieved. In recent years many of the drugs manufacturers have been developing nasal based drugs as it offers better systemic needle-free consumption through nasal route than by oral administration. As per sources, More than 16.4 million people have been diagnosed with COPD in United States. The rising asthma patients using the nasal drug delivery technology as self-administration is driving the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The global nasal drug delivery technology market is fragmented due to the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the nasal drug delivery technology market is intense and manufacturers focus on developing customized products for the customers. The companies are seeking ways to reduce cost, improve product quality, and production efficiency. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Nasal Drug Delivery Technology 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.
Merck & Co., Inc. (United States), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (United States), Pfizer, Inc. (United States), 3M Company(United States), AstraZeneca Plc. (United States), Aptar Group (United States), GlaxoSmithKline plc (Germany), Aptargroup, Inc. (United States), Aegis Therapeutics LLC (United States), Becton, Dickinson and Company (United States), Dr. Reddy's Laboratories (India), OptiNose, Inc (United States), Cadila Pharmaceuticals Ltd (India) and Teleflex Incorporated (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 B.F. Ascher & Company, Inc. (United States), PendoPharm, Inc. (Canada), Douglas Pharmaceuticals Ltd. (New Zealand), ENT Technologies Pty. Ltd. (Australia) and NAVEH Pharma Ltd. (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Nasal Drug Delivery Technology market by Type (Multidose, Unit Dose, BI-Dose and Others), Application (Allergic & Non-allergic Rhinitis, Nasal Congestion, Asthma, Vaccination and Others) and Region.
On the basis of geography, the market of Nasal Drug Delivery Technology 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Dosage Form, the sub-segment i.e. Spray will boost the Nasal Drug Delivery Technology 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 Drug Delivery Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption Of Self-Administration Practices
Market Growth Drivers:
Increasing Prevalence Of Respiratory Diseases and Preference For Nasal Drug Delivery Route
Challenges:
Complications Of Overuse Of Nasal Sprays And Nasal Powders
Restraints:
Patent Expiry of Several Drugs
Opportunities:
Growing Use Of Over-The-Counter (OTC) Nasal Drugs and Demand For Versatile And Reliable Drug Delivery Methods
Market Leaders and their expansionary development strategies
In September 2022 RIGImmune has struck a deal to acquire Subintro, giving it access to novel topical delivery systems. The deal positions the biotech to advance the development of novel RNA therapies and vaccine adjuvants for local mucosal delivery.
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
New Entrants/Investors, Analysts and Strategic Business Planners, Nasal Drug Delivery Technology Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End User 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 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.