Oral Thin Films Market on Track for Strong Growth, Estimated to Grow at 14.5% CAGR Through 2029

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What Is the Expected CAGR for the Oral Thin Films Market Through 2025?
In recent years, the market size for oral thin films has experienced a swift expansion. The market is projected to increase from $4.48 billion in 2024 to $4.99 billion in 2025, growing at a compound annual growth rate (CAGR) of 11.4%. Factors contributing to the historic period growth include patient adherence, attention to pediatric and geriatric patients, fast drug delivery, chronic diseases, and the use of over-the-counter (otc) medicines.

What's the Projected Size of the Global Oral Thin Films Market by 2029?
Expectations indicate the swift expansion of the oral thin films market in the upcoming years, with a projected increase to $8.59 billion in 2029, exemplifying a compound annual growth rate (CAGR) of 14.5%. The predicted growth over this period attributes to factors such as specialty pharmaceuticals, precision medicine, mental health medications, oral vaccines, and telemedicine services. Noteworthy trends for this period include advancements in drug delivery technologies, expansion of remote care, enhancements in bioavailability, increased travel and on-the-go usage, along with the development of allergen-free formulations.

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Top Growth Drivers in the Oral Thin Films Industry: What's Accelerating the Market?
The surge in interest for thin film drug delivery systems is driving the expansion of the oral thin film market. These thin films are recognized as a promising substitute to traditional dosage forms. They are handy, self-administered, and swiftly dissolving, making them optimal for delivering medication, and thus a flexible drug delivery platform. Thin films, which are orally ingested and don't need water for swallowing to absorb the medication, are more user-friendly due to their quick dissolution rate. These features are increasing the appeal of thin-film drug delivery systems and hence, boosting the demand for oral thin films. Cardiovascular disease affects more than half of the population in the United States. As per a January 2023 report by The American Cancer Society, a US non-profit organization, roughly 42% of all new cancer diagnoses in the US, excluding non-melanoma skin cancer, represent approximately 820,000 cases in 2023 and 840,000 cases in 2024. This statistic underscores the escalating need for advanced drug delivery techniques for efficient treatment. Therefore, the rising need for thin film drug delivery systems is fostering the growth of the oral thin film market.

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What Are the Key Trends Driving Oral Thin Films Market Growth?
Key players in the oral thin films market are putting their focus on innovative products such as Rizaport to bolster their market revenues. Rizaport is a recognized brand-name for oral thin-film formulation, containing rizatriptan benzoate, a 5-HT1 receptor agonist and the potent component of Merck & Co.'s Maxalt. For example, in February 2024, CD Formulation, an American drug formulation firm, initiated the use of oral thin film technology. It enhances user accessibility, particularly for individuals with difficulties in swallowing, and facilitates faster absorption by dissolving directly in the oral cavity, thereby circumventing the digestive system for quicker action. This cutting-edge drug delivery system boosts bioavailability, provides accurate dosage for personalized treatment, and heightens convenience and adherence to medication, particularly in times of emergency.

What Are the Main Segments in the Oral Thin Films Market?
The oral thin films market covered in this report is segmented -

1) By Type: Sublingual Film, Fast Dissolving Dental/Buccal Film
2) By Disease Indication: Schizophrenia, Migraine, Opioid Dependence, Nausea & Vomiting, Other Disease Indication
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels

Subsegments:
1) By Sublingual Film: Drug Delivery Films, Nutritional Supplement Films
2) By Fast Dissolving Dental Or Buccal Film: Over-the-Counter (OTC) Products, Prescription Products

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Which Top Companies are Driving Growth in the Oral Thin Films Market?
Major companies operating in the oral thin films market include ZIM Laboratories Limited, NAL Pharma, Cure Pharmaceutical Holding Corp., IntelGenx Corp., Kyu Kyu Pharmaceutical Co. Ltd., Sunovion Pharmaceuticals Inc., Seoul Pharma Co. Ltd., Aquestive Therapeutics Inc., Shilpa Therapeutics Pvt. Ltd., Mylan Inc., LIVKON Pharmaceuticals Pvt. Ltd., Panacea Biotec Ltd., Adare Pharmaceuticals Inc., APR Applied Pharma Research SA, BioDelivery Sciences International Inc., Sumitomo Dainippon Pharma Co. Ltd., Indivior PLC, LTS Lohmann Therapie-Systeme AG, Tesa Labtec GmbH, Pfizer Inc., Sanofi S.A., Merck & Co. Inc., Novartis International AG, Roche Holding AG, Johnson & Johnson, GlaxoSmithKline plc, Bayer AG, Eli Lilly and Company, AbbVie Inc., Bristol-Myers Squibb Company, Novo Nordisk A/S, AstraZeneca plc

Which Regions Will Dominate the Oral Thin Films Market Through 2029?
North America was the largest region in the oral thin film market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oral thin films market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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