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Nasal Spray Market

Nasal Spray Market

by type (Salt Water Solutions, Decongestants, Steroid, Antihistamine , and Others), Patient Type (Infant, Pediatric, and Adults), Product (Corticosteroids, Decongestant, Sprays, Bronchodilators, Others), and Application (Asthma, Cold, Nasal Allergies, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14430
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Nov 2022 | 734 Views
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Nasal Sprays are helpful in the treatment of nasal allergy, blocked nose, and efficient drug delivery for allergy. Conditions such as fever, coughing, bad breath, postnasal drip are caused due to nasal allergies. There are many advantages of using nasal sprays such as painless and efficient drug delivery, better patient convenience and easy availability which are predicted to drive the growth of the nasal spray market in the forecast period. Other advantages of nasal sprays are needle-free administration of drugs, convenience and easy accessibility and also acts as an alternative to pills.  The nasal route is considered the best route. After all, it has a strong impact on a patient’s respiratory organs because of the quick and straight medication through the nose.

COVID-19 Scenario Analysis

  • COVID-19 has accelerated the demand for nasal sprays which can be used at home with self-administration with ease and also refilling of the medication can be easily done at home itself. These factors improve the demand for the market post-COVID-19. Disruptions of raw materials used for making sprays have caused a hurdle for the market during COVID-19 pandemic.
  • The consequences of lockdown and government-enforced restrictions as a result of the coronavirus pandemic have, of course, been felt heavily by businesses across all industries. Both the private healthcare sector and health businesses, which rely on close physical contact with their clients, have been significantly affected. 
  • Many small hospitals, clinics and nursing homes have been forced to shut their operations. Social distancing and localized curfews have resulted in delayed procedures. In addition, visa cancellations have led to a hiatus in medical tourism and can negatively impact market growth.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The Growth of the nasal devices can be attributed to the non-invasive features and more medicine absorption through the nasal route. Contributing to this, easy administration of medicines and easy refill of medicines is to play a key role in the growth of the nasal spray market. Also, growth in the cases of brain disorders is likely to enhance the market trends and demand for nasal sprays.

 The use of drug delivery with nasal sprays has high permeability of medicines throughout the blood-brain barrier is stated by many scientific research papers. This is likely to steer the market growth over the timeline. The occurrence of neurological diseases and respiratory ailments is likely to boost the demand for nasal sprays in the upcoming days.

Furthermore, an increase in allergic infections and rhinitis, growth in the geriatric population, and high demand for the system for painless ways of administering drugs are some of the core factors that are to fuel the demand for the nasal spray market. The rise in demand for improvement in patient compliance and self-administration helps to expand the market of nasal sprays globally.

Factors such as Central Nervous System (CNS) depression and a rise in the risk of recurrent respiratory problems with cardiovascular effects and cases reporting the adverse effects of nasal sprays such as nasal inflammation, nasal congestion, nasal dryness are hurdles restraining the growth of the market of nasal sprays globally.

FDA approved Spravato (esketamine) nasal spray for the treatment of adult patients with treatment-resistant depression in 2019. According to the FDA, about 7.4 million adults are likely to suffer from treatment-resistant depression in U.S. In the year 2018, that increases the chances of hospitalization & suicidal tendencies. Nasal sprays help to deliver the drug smoothly as it contains medications and active ingredients which are dissolved in suspensions and solutions

Key Benefits of the Report

  • This study presents the analytical depiction of the global nasal spray market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global nasal spray market share.
  • The current market is quantitatively analyzed from 2021 to 2028 to highlight the global nasal spray market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global nasal spray market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Nasal Spray Market Research Report

  • What are the leading market players active in the nasal spray market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Nasal Spray Market Report Highlights

Aspects Details
By Type
  • Salt Water Solutions
  • Decongestants
  • Steroid
  • Antihistamine
  • Others
By Patient type
  • Infant
  • Pediatric
  • Adults
By Product
  • Corticosteroids
  • Decongestant
  • Sprays
  • Bronchodilators
  • Others
By Application
  • Asthma
  • Cold
  • Nasal Allergies
  • Others
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Nephron pharmaceuticals, Sandoz international, Teva Respiratory LLC, Mylan. M.V., Catalent, Sunovion pharmaceuticals INC, Pfizer. Inc., Media Corporation, Inc., Nastech pharmaceuticals, Cipla Ltd., Allergan PLC, Innovus pharmaceuticals

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