Global Thin Film Drug Market Overview:
Thin-film drugs have proven to be an alternative to tablets or capsules because of their effective therapeutic results. The drugs are made of polymers that quickly dissolve when placed in the mouth or in the oral cavity and deliver the drug directly to the systemic circulation in the body. The thin film drugs have emerged as an alternative to tablets or capsules because of their efficient therapeutic results. The drugs are made up of polymers that quickly dissolve when placed in the mouth or in the oral cavity and deliver the drug directly to the systemic circulation in the body. The thin films are believed to be convenient to swallow, self-administer, and quickly dissolve, making them a versatile platform for drug delivery. There are various oral, buccal, sublingual, ocular, and transdermal routes of administration. In addition, the growing investment by pharmaceutical companies in research and development programs is fueling market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand for Effective Drug Delivery Systems and The Rising Demand for Efficient Drug Delivery Routes and Its Adequacy
Market Growth Drivers:
The Increasing Demand for an Effective Way of Drug Delivery, The Thin Film Drugs Have Surfaced As an Alternate to Tablets or Capsules Due To Its Efficient Therapeutic Results and The Lower Manufacturing Costs of Thin Film Drugs
Challenges:
The Various Substitute Drugs Available
Restraints:
The Drawbacks Associated With the Conventional Forms of Dosage
Opportunities:
Beneficial Government Initiatives and The Growing Investments in Research and Development Programs by the Pharmaceutical Companies
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are GSK (United Kingdom), LTS (United States), J&J (United States), Indivior PLC (United States), Pfizer (United States), Sanofi (France), Church & Dwight (United States), tesa Labtec GmbH (Germany), Tapemark (United States), Prestige Consumer Healthcare (United States), Sun Pharmaceutical Industries Ltd. (India), MonoSol (United States), BioDelivery Sciences International, Inc. (United States), Arx (United States), ZIM (Israel) and NAL Pharma (Hong Kong). Additionally, following companies can also be profiled that are part of our coverage like AdhexPharma (France), Aavishkar (India), IntelGenx Technologies Corporation (Canada) and APR (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Thin Film Drug market by 2028. Considering Market by Indication Type, the sub-segment i.e. Schizophrenia will boost the Thin Film Drug market. Considering Market by Distribution Channel, the sub-segment i.e. Online Pharmacies will boost the Thin Film Drug market. Considering Market by Formation, the sub-segment i.e. Solvent Casting Method will boost the Thin Film Drug market.
Oral dissolving film is a thin film with an area of 1-20 cm2 (depends on the dose and drug loading) containing the drug. Drugs can be loaded up to a single dose of 30 mg. Formulation considerations (plasticizers, etc.) have been reported as important factors affecting the mechanical properties of the films. In the US Food and Drug Administration (US FDA), if the product is bioequivalent to that of the existing oral product the drug, an Abbreviated New Drug Application (ANDA) route is followed. There are no clinical studies associated with these generic approval processes (section 505 (j) of the Food, Drug, and Cosmetic Act). However, developed oral film product may exhibit a different pharmacokinetic profile compared to the existing marketed product. The ODF is categorized as ‘new dosage form’ and section 505 (b) (2) approval process needs to be followed.
What Can be Explored with the Thin Film Drug Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Thin Film Drug Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Thin Film Drug
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thin Film Drug market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Thin Film Drug market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Thin Film Drug, End-Users, Potential Investors, Regulatory Bodies, Market Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.