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Nasal Drug Delivery Technology Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Sep 2024

Report ID: ARC1057

Pages : 250

Format : Nasal Drug Delivery Technology Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

The Global Nasal Drug Delivery Technology Market Size accounted for USD 74.7 Billion in 2023 and is estimated to achieve a market size of USD 132.1 Billion by 2032 growing at a CAGR of 6.6% from 2024 to 2032.

Nasal Drug Delivery Technology Market Highlights

  • Global nasal drug delivery technology market revenue is poised to garner USD 132.1 billion by 2032 with a CAGR of 6.6% from 2024 to 2032
  • North America nasal drug delivery technology market value occupied around USD 26.14 billion in 2023
  • Asia-Pacific nasal drug delivery technology market growth will record a CAGR of more than 7.3% from 2024 to 2032
  • Among dosage form, the nasal spray sub-segment generated 35% of the market share in 2023
  • Based on container type, the non-pressurized sub-segment generated 85% market share in 2023
  • Based on therapeutic application, rhinitis application accounted for 30% of share in 2023
  • Rise in preference for personalized medicine and patient-centric solutions is the nasal drug delivery technology market trend that fuels the industry demand

Nasal Drug Delivery Technology Market Dynamics

Nasal medication delivery technology allows medicines to enter the body via the nose, making it a more convenient alternative to tablets or injections. This approach makes use of the nose's high blood flow to quickly transport medicines into the bloodstream. It is commonly used to treat nasal congestion, allergies, and to administer immunizations and hormones. Modern technology, such as nasal sprays and inhalers, enhances accuracy and usefulness. This approach is extremely accommodating for addressing brain disorders, particularly during crises.

Global Nasal Drug Delivery Technology Market Dynamics

Market Drivers

  • Rising prevalence of chronic respiratory diseases
  • Growing preference for non-invasive drug delivery methods
  • Advancements in nasal drug formulation technologies

Market Restraints

  • Limited drug absorption compared to other delivery routes
  • Nasal mucosal irritation and side effects
  • High costs of advanced nasal drug delivery devices

Market Opportunities

  • Increasing research on nasal vaccines and biologics
  • Expansion of nasal drug delivery applications in pain management
  • Growing demand in emerging markets due to improving healthcare infrastructure

Nasal Drug Delivery Technology Market Report Coverage

Market Nasal Drug Delivery Technology Market
Nasal Drug Delivery Technology Market Size 2022

USD 74.7 Billion

Nasal Drug Delivery Technology Market Forecast 2032 USD 132.1 Billion
Nasal Drug Delivery Technology Market CAGR During 2023 - 2032 6.6%
Nasal Drug Delivery Technology Market Analysis Period 2020 - 2032
Nasal Drug Delivery Technology Market Base Year
2022
Nasal Drug Delivery Technology Market Forecast Data 2023 - 2032
Segments Covered By Dosage Form, By Container Type, By Therapeutic Application, By Distribution Channel, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled OptiNose, Inc., GlaxoSmithKline PLC, NAVEH Pharma Ltd, AstraZeneca PLC, Cadila Pharmaceuticals Ltd., Pfizer, Inc., PendoPharm, Inc., Becton, Dickinson and Company, B.F. Ascher & Company, Inc., and Douglas Pharmaceuticals Ltd.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Nasal Drug Delivery Technology Market Insights

Growing awareness of nasal products is an important element driving market expansion. The growing geriatric population is also likely to boost the nasal drug delivery device market. For instance, according to Administration for Community Living (ACL), in 2023, individuals aged 65 and older made up 17.3% of the total population in the United States, and this percentage is projected to rise to 22% by 2040. One of the primary reasons likely to drive market expansion during the forecast period is an increase in preference for alternative means of drug delivery.

The increasing prevalence of chronic diseases is also expected to contribute to market growth in the future years. For instance, chronic diseases are the leading causes of disability and premature death among the elderly in India. Using data from the 75th round of the National Sample Survey Office survey, a study examined the prevalence and determinants of chronic diseases among the population aged 60 and older in India. To investigate the variations in chronic illness prevalence between urban and rural areas, the study used bivariate and logistic regression analysis, as well as a non-linear decomposition technique. The research found that around 21% of India's seniors suffer from at least one chronic condition. Specifically, 17% of the elderly in rural areas and 29% in urban areas suffer from a chronic disease. Hypertension and diabetes together account for about 68% of all chronic diseases. The highest prevalence of chronic diseases is observed in Kerala (54%), followed by Andhra Pradesh (43%), West Bengal (36%), and Goa (32%).

Nasal Drug Delivery Technology Market Growth 2024 - 2032

Nasal Drug Delivery Technology Market Segmentation

The worldwide market for nasal drug delivery technology is split based on dosage form, container type, therapeutic application, distribution channel, and geography.

Nasal Drug Delivery Technology By Dosage Form

  • Nasal Spray
  • Nasal Drop
  • Nasal Gel
  • Nasal Powder

According to the nasal drug delivery technology industry analysis, nasal sprays dominate the market due to their convenience of use, rapid start of action, and non-invasive nature. They offer a more convenient option to oral and injectable medications, which increases patient compliance. For instance, in 2023, over three million children in the U.K. received flu vaccinations administered through a nasal spray. Furthermore, advancements in formulation and delivery technology have expanded their therapeutic possibilities, making them a preferred choice for a wide range of disorders.

Nasal Drug Delivery Technology By Container Type

  • Pressurized
  • Non-Pressurized

According to nasal drug delivery technology business, non-pressurized containers dominate the market, due to its convenience of use, low cost, and high safety. These containers are convenient for patients since they provide exact dosing without the need for sophisticated mechanisms. They also limit the danger of contamination and appalling responses associated with pressured systems. Their popularity is fueled by the increased desire for self-administration of pharmaceuticals, particularly in the management of chronic illnesses.

Nasal Drug Delivery Technology By Therapeutic Application

  • Nasal Congestion
  • Rhinitis
  • Asthma
  • Others

According to the nasal drug delivery technology industry analysis, rhinitis, an infection of the nasal mucous membrane, is a popular therapeutic application in the market due to its widespread incidence and the requirement for efficient, quick symptom relief. Nasal medication delivery provides direct access to the nasal passages, resulting in rapid absorption and activity. This method also avoids the gastrointestinal tract, minimizing systemic adverse effects.

Nasal Drug Delivery Technology Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

According to the nasal drug delivery technology market forecast, retail pharmacies dominates in market, because they are easily accessible and convenient for customers. Retail pharmacies routinely collaborate with healthcare practitioners to promote patient compliance and follow-up. Their extensive reach and integration into the healthcare system establish them as a significant market participant.

Nasal Drug Delivery Technology Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Nasal Drug Delivery Technology Market Drivers

Nasal Drug Delivery Technology Market Regional Analysis

For several reasons, North America dominated the market. This growth was attributable to increased disease prevalence and consumer awareness of nasal products. For instance, according to Asthma and Allergy Foundation of America, in the United States, asthma disproportionately affects low-income individuals, seniors, and Black, Hispanic, and American Indian/Alaska Native populations. These groups experience the highest rates of asthma, along with the highest levels of related deaths and hospitalizations. North America's established economies are likely to drive substantial growth in the next years.

The Asia-Pacific area is expected to see the quickest CAGR in the next years. This expansion is driven mostly by the availability of effective treatment approaches, high unmet clinical needs, rising disposable income, and increased awareness of these products. Furthermore, the presence of important businesses in the region, including AptarGroup, Inc., Sun Pharmaceutical Industries Ltd., and Cipla Inc., is projected to boost the overall market.

Nasal Drug Delivery Technology Market Players

Some of the top nasal drug delivery technology companies offered in our report include OptiNose, Inc., GlaxoSmithKline PLC, NAVEH Pharma Ltd, AstraZeneca PLC, Cadila Pharmaceuticals Ltd., Pfizer, Inc., PendoPharm, Inc., Becton, Dickinson and Company, B.F. Ascher & Company, Inc., and Douglas Pharmaceuticals Ltd.

Frequently Asked Questions

How big is the nasal drug delivery technology market?

The nasal drug delivery technology market size was valued at USD 74.7 billion in 2023.

What is the CAGR of the global nasal drug delivery technology market from 2024 to 2032?

The CAGR of nasal drug delivery technology is 6.6% during the analysis period of 2024 to 2032.

Which are the key players in the nasal drug delivery technology market?

The key players operating in the global market are including OptiNose, Inc., GlaxoSmithKline PLC, NAVEH Pharma Ltd, AstraZeneca PLC, Cadila Pharmaceuticals Ltd., Pfizer, Inc., PendoPharm, Inc., Becton, Dickinson and Company, B.F. Ascher & Company, Inc., and Douglas Pharmaceuticals Ltd.

Which region dominated the global nasal drug delivery technology market share?

North America held the dominating position in nasal drug delivery technology industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of nasal drug delivery technology during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global nasal drug delivery technology industry?

The current trends and dynamics in the nasal drug delivery technology industry include rising prevalence of chronic respiratory diseases, growing preference for non-invasive drug delivery methods, and advancements in nasal drug formulation technologies.

Which dosage form held the maximum share in 2023?

The nasal spray dosage form held the maximum share of the nasal drug delivery technology industry.

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