Electric Nasal Spray Market - Company Analysis, SWOT, Marketing Strategy

Effective delivery of drugs is one of the issue for which many researches are conducted all over the world. Various developments are introduced continuously for this purpose. Nasal spray is now getting popular in the world as a more effective method of drug delivery. Many Pharmaceutical firms are introducing the same drugs in nasal spray packaging instead of syrup or tablets or any other form. The nasal sprays can be equipped with electronic circuits that can provide additional features in it. Due to lack of awareness or in the heat of the moment of excessive pain, patients often take extra doses of the medicine. E-lockout is a feature introduced in electric nasal spray that limits the doses of the medicine and protect the patient from adverse effect of the medicine. This feature is introduced in the market in consideration of cancer patients who suffer from breakthrough pain and doses themselves with nasal spray pain relief. The electric nasal spray market seems to have good potential in future.

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Electric Nasal Spray Market Dynamics

Technological advancement and demand of improvement in medical science has resulted in various features in nasal sprays. An electronic system is introduced in the electric nasal spray market which identifies the type of drug and also checks its expiry date. The drug is not passed through spray if the drug do not follow certain parameters. Also, this defines the parameters for drug delivery. E-lockout feature prevents the over dosing of the drug which is boon to cancer patients specially. Some nasal spray provide electronic atomizer which creates small tornados of very finely atomized drug. This ensures the effective dosing of drug to the patient which in turn has led to the growing demand of global electric nasal spray market.

The electric nasal spray are being equipped with a small LCD screen which displays doses, sound reminders and more. Although, the additional electronic features are desirable in a nasal spray, battery capacity plays an important role in success of electric nasal spray market. The number of electronic features increases battery usage and thus reduces battery life. Furthermore, the high cost, charging requirement of the electric nasal spray will reduce the proximity of the device from the pharmaceutical companies to bring the application electric nasal spray for high degree of commercialization restraining the growth of global electric nasal spray market.

Electric Nasal Spray Market Regional Outlook

Cancer is second highest cause of death in the whole world. The number of cancer patients is expected to increase by more than half of present value in next to decades. Eastern Asia is most prominent region for cancer patients with around one third of world’s cancer patients in the region. Significant potential has been observed in North America making it the largest market for the global electric nasal spray market. In addition, Asia Pacific followed by North America is anticipated to be the second faster region for the global electric nasal spray market.

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The electric nasal spray market of Europe seems to have good potential also due to high population of respiratory disease patients and also highly developed medical science and hospitals in the region. Latin America is already having high demand of nasal spray and thus good potential for electric nasal spray market in the regions registering a decent CAGR over the forecast period.

Electric Nasal Spray Market Key Players

Some of the key players of the electric nasal spray market are

Aptar Pharma (India) Pvt. Ltd.
Kurve Technology, Inc.

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