Press release
Nasal Drug Delivery Technology Market Size Share - Industry Trends and Forecast 2017 - 2025
Nasal drug delivery technology is the administration of drug through the nasal route. Nasal route of administration provides direct access to the systemic circulation. The nasal cavity is an easily accessible route which is generally well tolerated. Drugs administered through the nasal route are available in different dosage forms, such as liquid drops, liquid spray, Aerosol, suspension spray, gel etc. Nasal drug delivery offers several advantages, such as a large surface area for drug absorption, convenience, and good patient compliance, rapid attainment of therapeutic drug levels in the blood, and potential of direct drug delivery to the brain along the olfactory nerves etc. In nasal drug delivery, drugs are given in multi dose as well as single dose. Intranasal medication administration offers a needleless solution to drug delivery. Many drugs have been shown to achieve better systemic bioavailability through the nasal route than by oral administration. Different formulations are delivered through the nasal route, such as drugs, viscosifying agents, solubilizes, surfactants, bioadhesive polymers, preservatives etc.
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Factors such as growing preference for nasal drug delivery, technological advancement, growing adoption for self-administration, and growing incidence of chronic diseases are likely to drive the global nasal drug delivery technology market. New product innovation, large pipeline products, and merger & acquisition activities are other factors which will accelerate the nasal drug delivery technology market globally. On the other hand, complications related to nasal drug delivery, such as risk of local side effects and low bioavailability are factors which may hinder the growth of the nasal drug delivery technology market.
The nasal drug delivery technology market has been segmented by product type, application, end users, and geography. In terms of product type, the market is classified into liquid devices and powder devices. Liquid devices is further classified into vapor inhaler, mechanical spray pumps, gas driven spray systems, and electrically powered nebulizer and droppers. Powder devices are further classified into mechanical powder spray and breath actuated inhalers. In terms of application, the market is classified into nasal vaccination, diagnostic drug delivery, delivery of drugs to brain through nasal cavity, and delivery of peptide and non-peptide drugs. In terms of end users, the market is classified into hospital, specialty clinics, vaccination centers, and ambulatory surgery centers.
Geographically, the nasal drug delivery technology market is classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominates the nasal drug delivery technology market due to advanced technology, new product innovation, growing prevalence of chronic obstructive pulmonary disease, and increasing adoption of early treatment procedures. Chronic obstructive pulmonary disease is the third leading cause of death in the United States. According to American Lung Association more than 11 million people have been diagnosed with chronic obstructive pulmonary disease. Europe is the second largest market for nasal drug delivery technology due to increasing research & development activities and growing consumption of tobacco. According to World Health Organization Europe has the highest prevalence of tobacco smoking among adults (28%) and some of the highest prevalence of tobacco use by adolescents. The market in the Asia Pacific region is expected to expand at a higher rate due to increasing investment in research & development activities, growing prevalence of chronic diseases, and growing awareness among people.
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Major players operating in this market include Becton, Dickinson and Company, OptiNose US Inc., Bespak Europe Ltd, Kurve Technology, Inc., AstraZeneca Plc, Teleflex Medical Europe Ltd., AptarGroup, Inc., Procter & Gamble, GlaxoSmithKline plc, and Janssen Global Services, LLC.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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