Press release
Nasal Spray Market to Witness Huge Growth by 2024: Key Players - Nastech Pharmaceutical, Pfizer, Catalent, Sandoz, Adapt Pharma, Mylan, Innovus Pharmaceuticals, Inc., Allergan, Nephron Pharmaceuticals, Meda Pharmaceuticals
Nasal Spray Market
Databridgemarketresearch.com adds “Nasal Spray Market to Witness Huge Growth by 2024: Key Players - Nastech Pharmaceutical, Pfizer, Catalent, Sandoz, Adapt Pharma, Mylan, Innovus Pharmaceuticals, Inc., Allergan, Nephron Pharmaceuticals, Meda Pharmaceuticals” To Its Research Database.
Report Details:
This report provides in depth study of “Nasal Spray Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Nasal Spray Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
This report provides detailed historical analysis of global market for Nasal Spray from 2015-2016, and provides extensive market forecasts from 2018-2024 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Nasal Spray Market.
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Leading players of Nasal Spray Market including:
• Sandoz International
• Catalent
• Pfizer
• AptarGroup, Inc.
• Nastech pharmaceutical
• Adapt Pharma, Inc.
• Mylan N.V
• Innovus pharmaceuticals
• Allergan PLC
• Nephron pharmaceutical corporation
• Cipla ltd
• Meda pharmaceuticals, Inc.
• Sunovion pharmaceuticals
• Teva respiratory, Llc.
• Apotexcorp
• Novartis
• Valent pharmaceuticals international, Inc.
• Among others.
Market Analysis: Global Nasal Spray Market
Global Nasal Spray Market is expected to reach USD 19.4 billion by 2024 from USD 11.9 billion in 2016, at a CAGR of 6.3% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Factors which may drive the growth of the nasal spray include increasing cases of allergic rhinitis and infections, changing lifestyle of people, rising level of pollution, increasing research and development of generic nasal spray drugs, rising awareness among the people, better alternate for other mode of drug delivery, painless,rising demand for self-administration, improving patient compliance, increasing acceptability, and more effective as compared to other forms. It is found that allergic rhinitis affects 10 to 30% of children and adults in the U.S. and other industrialized countries. Prevalence of allergic rhinitis is countries such as Australia, New Zealand and the United Kingdom.On the other hand, addiction to nasal sprays, temporary relief, pungent smell, sneezing, nasal irritation, runny nose, bleeding from nose, and regulatory reforms are some of the major factors which may restraints the growth of nasal spray market.
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Segmentation: Global Nasal Spray Market
On the basis of product type:
• Decongestion Nasal Spray
• Salt Water Solution/ Saline Nasal Spray
• Steroid Nasal Spray
On the basis of end-user:
• Hospitals
• Clinics
• Home Care Settings
• Pharmacies
• Community Health Care
Based on geography:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
The global nasal spray market is highly fragmented with various companies operating in local regions. The major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the examples for these strategies are: In October 2016, Adapt Pharma received Health Canada approval for its naloxone hydrochloride nasal spray which is used for the treatment of opioid overdose. The report includes company share data for different geographies including Global, North America, Europe and APAC.
Frequently Asked Questions:
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global Nasal Spray Market?
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