Global Nasal Drug Delivery Technology Market
The global Nasal Drug Delivery Technology Market was valued at USD 43.89 billion in 2016 and is projected to reach USD 75.61 billion by 2025, growing at a CAGR of 6.23% from 2017 to 2025.
The nasal drug delivery market is increasing due to number of reason, increase in geriatric population and ease of self-administration and efficacy being some of them. The market is growing and expected to observe the same growth pattern all over the globe due to increase in demand and major lifestyle changes coupled with environmental factor (increasing air pollution and infections, air borne diseases).
1. Market Drivers
1.1 Increasing demand of the drug delivery trough nasal cavity because of easy administration
1.2 Growing adoption of self-administration of medicines
2. Market Restraints
2.1 Risks associated with overuse of the medicine
1. Global Nasal Drug Delivery Technology Market, by Containers:
1.1 Non-Pressurized Containers
1.2 Pressurized Containers
2. Global Nasal Drug Delivery Technology Market, by Dosage form:
2.1 Nasal Spray
2.2 Nasal Drops and Liquids
2.3 Nasal Gels
2.4 Nasal Powders
3. Global Nasal Drug Delivery Technology Market, by Systems:
3.1 Multi Dose
3.3 Unit Dose
4. Global Nasal Drug Delivery Technology Market, by End User:
4.2 Home Health Care
5. Global Nasal Drug Delivery Technology Market, by Therapeutic Application:
5.1 Allergic and Non-Allergic Rhinitis
5.2 Nasal Congestion
5.4 Other Applications
6. Global Nasal Drug Delivery Technology Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Merck & Co., Inc.
2. Novartis AG
3. Glaxosmithkline PLC
4. Johnson & Johnson Services, Inc.
5. Pfizer Inc.
6. Astrazeneca PLC
7. Aptargroup, Inc.
8. Aegis Therapeutics LLC
10. Becton, Dickinson and Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Nasal Drug Delivery Technology Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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