Nasal Drug Delivery Systems Market is estimated to be US$ 92.47 billion by 2030 with a CAGR of 6.1% during the forecast period

June 20, 2022

The Global Nasal Drug Delivery Systems Market accounted for US$ 51.20 billion in 2020 and is estimated to be US$ 92.47 billion by 2030 and is anticipated to register a CAGR of 6.1%. Nasal drug delivery is most preferred route of administration in treatment of allergic and non-allergic rhinitis, nasal congestion, and common cold. Intranasal route can be cross the blood brain barrier and deliver the drug molecules to the central nervous system. The drugs are also been administered via nasal route for therapeutic and recreational purpose, with the help of nasal drug delivery systems. Nasal drug delivery is advisable for drugs undergoing extensive first pass effect. Further, intranasal route is also exploited for bypassing the blood brain barrier and delivery the drugs molecules to the central nervous system. The nasal drug delivery systems are different for different drug, depending on their formation, as liquid nasal preparations are administered through inhalers, droppers, spray pumps, atomizers, or nebulizers.

The report “Global Nasal Drug Delivery Systems Market, By Dosage Form (Nasal Spray, Nasal Drops, Nasal Gels, Nasal Powders, and Others), By Container Type (Non-pressurized Containers, and Pressurized Containers), By System Type (Multi-dose, Bi-dose, and Unit dose), By Therapeutic Application (Allergic and Non-allergic Rhinitis, Nasal Congestion, Vaccination, and Others), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Trends, Analysis and Forecast till 2030”

Key Highlights:

In 2019, Aptar Pharma, a leading drug delivery systems provider, is pleased to announce that its Bidose nasal spray device was recently approved by the U.S. FDA for a breakthrough therapy in the field of depression. This marks the first FDA approval and U.S. launch of a prescription drug using Aptar Pharma’s patented Bidose nasal spray delivery system.
Analyst View:

Increasing prevalence of diseases is major factor driving growth of the Global Nasal Drug Delivery Systems Market. In addition, advantages associated nasal drug delivery systems such as drug degradation that is observed in gastrointestinal tract is absent and rapid drug absorption takes place are major factors in turn creating demand for the nasal drug delivery systems which is supporting growth of the target market currently. Furthermore, rising patient preference for nasal drug delivery as a result of easy administration and better efficacy as well as increasing adoption of self-administration practices are some among the major factors expected to propel growth of the nasal drug delivery systems market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Nasal Drug Delivery Systems Market, By Dosage Form (Nasal Spray, Nasal Drops, Nasal Gels, Nasal Powders, and Others), By Container Type (Non-pressurized Containers, and Pressurized Containers), By System Type (Multi-dose, Bi-dose, and Unit dose), By Therapeutic Application (Allergic and Non-allergic Rhinitis, Nasal Congestion, Vaccination, and Others), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Trends, Analysis and Forecast till 2030”

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Nasal-Drug-Delivery-Systems-252

Key Market Insights from the report:

The Global Nasal Drug Delivery Systems Market accounted for US$ 51.20 billion in 2020 and is estimated to be US$ 92.47 billion by 2030 and is anticipated to register a CAGR of 6.1%. Global nasal drug delivery systems market is segmented on the basis of dosage form, container type, system type, therapeutic application, distribution channel, and region.

By Dosage Form, the Global Nasal Drug Delivery Systems Market is segmented into nasal spray, nasal drops, nasal gels, nasal powders, and others.
By Container Type, the Global Nasal Drug Delivery Systems Market is segmented into non-pressurized and pressurized container.
By System Type, the Global Nasal Drug Delivery Systems Market is segmented into multi-dose, bi-dose, and unit dose.
By Therapeutic Application, the Global Nasal Drug Delivery Systems Market is segmented into allergic and non-allergic rhinitis, nasal congestion, vaccination, and others.
By Distribution Channel, the Global Nasal Drug Delivery Systems Market is segmented into hospitals pharmacies, retail pharmacies, and online pharmacies.
By region, the Global Nasal Drug Delivery Systems Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to account for major revenue share as compared to that of other regions.
Competitive Landscape:

Key players operating in the global nasal drug delivery system market Merck & Co., GlaxoSmithKline plc., AstraZeneca plc., Johnson & Johnson, Pfizer Inc., Baxter International, Inc., Valeant Pharmaceuticals International, Inc., Becton, Dickinson and Company, and Novartis AG.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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