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Growing Elderly Population Boosts Demand For Thin-Film Drug Manufacturing Solutions: Key Factor Driving The Growth In The Thin Film Drug Manufacturing Market
Thin Film Drug Manufacturing
What Is the Expected Thin Film Drug Manufacturing Market Size During the Forecast Period?
The thin film drug manufacturing market size is projected to grow from $7.98 billion in 2024 to $8.71 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth is attributed to increasing demand for convenient drug delivery methods, rising prevalence of chronic diseases, regulatory approvals for innovative drug forms, demand for cost-effective TH*Care solutions, and improved bioavailability of thin film formulations.
The thin film drug manufacturing market size is projected to reach $12.27 billion in 2029, growing at a CAGR of 8.9%. Growth drivers include the prevalence of chronic conditions, advancements in formulation science, demand for personalized drug delivery, favorable regulatory environments, and the adoption of e-commerce for drug distribution. Trends include smart drug
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What Are the High-Growth Segments in the Thin Film Drug Manufacturing Market?
The thin film drug manufacturingmarket covered in this report is segmented -
1) By Type: Oral Thin Film, Transdermal Film, Other Types
2) By Disease Indication: Schizophrenia, Migraine, Opioid Dependence, Nausea And Vomiting, Other Disease Indications
3) By Distribution Channel: Hospital Pharmacies, Drug Stores, Retail Pharmacies, E-Commerce
Subsegments:
1) By Oral Thin Film: SubLingual Films, Buccal Films, Orodispersible Films, Taste-Masked Oral Films
2) By Transdermal Film: Adhesive Transdermal Films, Matrix Transdermal Films, Reservoir Transdermal Films, Drug-Eluting Transdermal Films
3) By Other Types: Topical Films, Ophthalmic Films, Intranasal Films, Veterinary Thin Films
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What Key Drivers Are Expected to Influence Future Thin Film Drug Manufacturing Market Growth?
The increase in the global elderly population is expected to propel the growth of the thin-film drug manufacturing market. As life expectancy increases, the elderly population is growing due to medical advancements and improved nutrition. Thin-film drug manufacturing offers enhanced medication adherence, precise dosage, and rapid dissolution, which supports better chronic condition management in older adults. In 2024, the Population Reference Bureau projected that the number of Americans aged 65 and older will increase from 58 million in 2022 to 82 million by 2050. This demographic shift is boosting the thin film drug manufacturing market.
Which Companies Hold the Largest Share Across Different Thin Film Drug Manufacturing Market Segments?
Major companies operating in the thin film drug manufacturing market are Novartis AG, Merck KGaA, Dr. Reddy's Laboratories, Indivior PLC, LTS Lohmann Therapie-Systeme AG, Aquestive Therapeutics, Zim Laboratories Ltd, Tapemark, AdhexPharma, MonoSol Rx, Aavishkar Oral Strips Pvt Ltd., APR Applied Pharma Research SA, Cynapsus Therapeutics Inc., Jurata Thin Film Inc., Nova Thin Film Pharmaceuticals LLC, Vektor Pharma TF GmbH, TFF Pharmaceuticals Inc., NAL Pharma, IntelGenx Corp, D.K. Livkon TH*Care Pvt Ltd.
What Trends Are Driving Growth in The Thin Film Drug Manufacturing Market?
Companies in the thin film drug manufacturing market are developing oral thin film technologies to improve patient compliance and ease of use. Oral thin films dissolve rapidly in the mouth, providing fast absorption of medication. For instance, in April 2023, IntelGenx Corporation, a Canadian pharmaceutical company, received FDA approval for RIZAFILM, a thin film for acute migraine treatment. This new formulation offers faster relief compared to traditional tablets, improving patient compliance and bioavailability.
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What Are the Emerging Geographies for The Thin Film Drug Manufacturing Market Growth?
North America was the largest region in the thin film drug manufacturing market in 2024. The regions covered in the thin film drug manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Thin Film Drug Manufacturing Market?
2. What is the CAGR expected in the Thin Film Drug Manufacturing Market?
3. What Are the Key Innovations Transforming the Thin Film Drug Manufacturing Industry?
4. Which Region Is Leading the Thin Film Drug Manufacturing Market?
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