Nasal Drug Delivery Market to witness a significant Growth in terms of value during forecast period 2018-2022
Market Research Future with their unique quality of simplifying the market research study, announces a deep study report on “Nasal Drug Delivery Market Research Report- ME&A Forecast to 2022” Gives industry size, top players and worldwide demand
Pune, India – July 31, 2018 /MarketersMedia/ —
Market Scenario
The intra-nasal route of drug administration is becoming popular due to its noninvasive nature thereby reducing pain and threat of infections and allows the patient to self-administer drugs without any help from anyone. Moreover recent research has also pointed its applications related to drug delivery to the brain. Bioavailability of a drug is defined as the proportion of a drug entering the systemic circulation as compared to the dosage. Nasal drug delivery eliminates drug destruction by HCL present in the stomach thereby increasing bioavailability which reduces the dosage of the drug. The reduction in dosage leads to proportional reduction in side effects. Growth of over the counter nasal drugs such as inhalers for common cold is also driving the market.
The market for nasal drug delivery is increasing at a good CAGR due to the above mentioned advantages of nasal drugs. Other market driving factors include ease of administration, growing efficacy of the route due to development of drugs which are absorbed easily from the nasal route and the development of advanced products such as metered dose pressurized containers which deliver a very precise dose.
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The market’s constraints are irritation of the nasal route and the low dose of the drug that can be delivered as compared to other route of administration. Other constraints includes low awareness and concurrent low popularity of the route which reduces economies of scale in producing these delivery devices. The market for nasal drug delivery has oligopolistic characteristic due to a few dominant players. Thus the power of the sellers is high and there is a premium on most nasal drug delivery products.
Taking all factors into consideration, we expect the Middle East and Africa nasal drug delivery market to reach around $ 1.59 billion in 2022 growing at a CAGR of 8.1%; this market was worth $ 1 billion in 2015.
Intended Audience
• Nasal drug delivery device manufacturers
• Nasal drug delivery device suppliers
• Private research laboratories
• Research and development (R&D) companies
• Market research and consulting service providers
• Government research laboratories
• Contract manufacturing organizations
Key Players for Middle East and Africa Nasal Drug Delivery Market
Some of the key players in this market are Novartis AG, Pfizer, Inc., Sanofi-Aventis, Merck & Co., Inc., AptarGroup Inc., Johnson & Johnson Services, Inc., GlaxoSmithKline plc, Becton Dickson & Company and others.
Segments:
Middle East and Africa nasal drug delivery market has been segmented on the basis of dosage form which comprises of drops, sprays, powder, gels and ointments. On the basis of system, market is segmented into unit dose, multi-dose and metered dose. On the basis of delivery technologies; market is segmented into spray, nebulizers and other. On the basis of therapeutic applications; market is segmented into rhinitis, congestion, vaccinations and others.
Regional Analysis of Middle East and Africa Nasal drug delivery Market:
UAE is the largest market for nasal drug delivery in entire Middle East and Africa nasal drug delivery Market closely followed by Egypt. The rest of Africa’s market is growing at a very fast rate due to huge unmet medical needs and growing popularity of nasal route.
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Detailed Table of Contents:
1. Introduction
1.1 Definition
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure
2. Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
List Of Tables and Figures
List Of Tables
Table 1 Middle East And Africa Nasal Drug Delivery Market, 2013-2022 (Usd Million)
Table 2 Middle East And Africa Nasal Drug Delivery Market, By Dosage Form, 2013-2022 (Usd Million)
Table 3 Middle East And Africa Nasal Drug Delivery Market, By System, 2013-2022 (Usd Million)
Table 4 Middle East And Africa Nasal Drug Delivery Market, By Delivery Technology, 2013-2022 (Usd Million)
Table 5 Middle East And Africa Nasal Drug Delivery Market, By Application, 2013-2022 (Usd Million)
Table 6 Middle East And Africa Nasal Drug Delivery Market, By Region, 2013-2022 (Usd Million)
List Of Figures
Figure 1 Research Process
Figure 2 Porters Five Forces Model
Figure 3 Middle East And Africa Nasal Drug Delivery Market, By Dosage Form
Figure 4 Middle East And Africa Nasal Drug Delivery Market, By System
Figure 5 Middle East And Africa Nasal Drug Delivery Market, By Delivery
Technology
…Continued
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