About Medical Spray
Medical sprays are the sprays designed to treat various skin related problems. These sprays consist of a specially designed spray handle with a nozzle that delivers a very fine atomized mist which effectively cools the affected area, and bags of sterile isotonic 0,9% saline solution (NaCl). Increased Awareness about Benefits of the Medical Spray and Increasing Number of Hospitals and Clinics are the driving factors for the global medical spray market. Side effects of medical spray may hamper the growth of the market.
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 expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Medical 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.
Huckert's International (Belgium), Henrotech nv (Belgium), Avita Medical (United Kingdom), GELITA MEDICAL (Germany), Steril Medical (Singapore), Aurena Laboratories AB (Sweden), Teva Pharmaceuticals (Isarel), Allergan (Ireland) and GlaxoSmithKline Plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pfizer Inc. (United States), Novartis International AG (Switzerland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Spray market by Type (Nasal Spray, Freeze Spray, Oral Spray and Other), Application (Hospital and Clinic) and Region.
On the basis of geography, the market of Medical 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 Distribution Channel, the sub-segment i.e. Online Channel will boost the Medical Spray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Number of Online Pharmacies
Market Growth Drivers:
Increased Awareness about Benefits of the Medical Spray and Increasing Number of Hospitals and Clinics
Challenges:
Availability of Substitute Products
Restraints:
Side Effects of the Medical Sprays
Opportunities:
Growth in the Pharmaceutical Industry and Increase in the Distribution Channels
Market Leaders and their expansionary development strategies
In December 2021, Aurora Capital Partners, a leading middle-market private equity firm, announced that it has acquired Spray-Tek, LLC ("Spray-Tek" or "The Company"), North America's leading provider of specialized spray drying and ingredient processing solutions. Terms of the transaction were not disclosed.
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
Medical Spray Manufacturers, Emerging Companies, Research Professionals and End-users
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.