10-Jun-2021 | Facts and Factors
We at Facts And Factors have recently added a market study titled “Nasal Spray Market” to our plethora of market studies. We transcribed the market study with the goal of giving our readers a comprehensive read in order to give our readers a complete grasp of the market in terms of revenue, size, and volume. Furthermore, we estimate that the global Nasal Spray Market will grow from an initial value of USD 12 Billion in the year 2020 to a value of USD 21.50 Billion with a growth rate of 6.15% CAGR by 2026 over the forecast period 2021 2026.
Nasal sprays are used to treat and relieve patients suffering from allergies through the pathway of the nasal airway in order to provide comfort. However, with the recent growth of the market, the current application use case of the market is far stretched from its regular applications into hormone replacement therapy, treatment of Alzheimer’s and Parkinson’s, and migraines. The driving factors for the significant growth of the nasal spray market are the rise in infectious and allergy-based disorders among consumers and the proven efficacy of nasal-based drug delivery systems over their counterparts.
Additionally, the precision, low-cost, eliminated downtime, convenience, and painless drug delivery system further widens the opportunities for the global nasal spray market toward a wider footprint during the forecast. A growing trend of minimally invasive treatment is observed which makes the nasal spray market highly lucrative due to its functionality.
Top Market Manufacturers
The key participants in the global nasal spray market are Merck & Co., Inc., Ultratech India Limited, Novartis AG, Johnson & Johnson Services, Pfizer, Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca plc., Aishwarya Group, AptarGroup, GlaxoSmithKline plc, Catalent, Inc., ADAPT Pharma, Inc., Egalet Corporation, ARIUS FORMULATIONS PVT LTD., St. Renatus, Mylan N.V., LEEFORD HEALTHCARE LTD., Aurena, Cipla Ltd, ALLERGAN, INNOVUS PHARMACEUTICALS, INC., Bayer AG, J Pharmaceuticals, and Sandoz International GmbH, among others.
Here are some noteworthy collaborations and achievements incurred by the key players in the market during the forecast –
On the basis of containers, the global nasal spray market can be divided into pressurized canisters and pump bottles. The pump bottles are expected to witness the largest market share during the forecast owing to various factors such as better reliability, availability, low-cost, and portable measures.
The global nasal spray market can be segmented into allergic and non-allergic rhinitis, nose congestion, central nervous system disorders, vaccination, and others on the basis of application. The nose congestion category holds the largest share in the market due to the growing prevalence of the condition in the both the developed and developing nations.
On the basis of end-users, the global nasal spray market can be fragmented into home care settings, clinics, ambulatory surgery centers, community healthcare centers, and hospitals. The home care settings are expected to witness the largest market share during the forecast owing to less time and resources spent on the treatment and the comfort and convenience it preludes to the patient. Furthermore, the increasing patient preference for self-administering needs. The hospital category will account for significant market growth during the same period with an increase of patients suffering from chronic rhinitis being the major driver.
North America Is Expected To Hold The Largest Market Share During the Forecast Period
North America is expected to witness the largest market share during the forecast in terms of global revenue contribution. The recent trend indicates a surge of the population is prone to disorders rooting from conditions such as nasal allergies, allergic rhinitis, and structural blockages among others. This opens the door for the nasal spray market in the region to expand to a higher footprint. Increasing consumer awareness among patients coupled with the benefits associated with the sector will further propel the growth of the market.
Browse the full “Nasal Spray Market By Class (Salt-Water Solution, Decongestants, Steroid, Antihistamine, & Others), By Form (Sprays, Drops & Liquids, Powders, & Gels), By Container (Pressurized Canisters & Pump Bottles), By Patient Type (Infants, Adults, And Pediatric), By Prescription Mode (Over the Counter, Prescription Based), By Therapeutic Class (Antihistamine, Nasal Steroids, Mast Cell Inhibitor, and Anticholinergic), By Dosage (Multi-Dose, Bi-Dose, & Unit-Dose), By Application (Allergic & Non-Allergic Rhinitis, Central Nervous System Disorders, Nose Congestion, Vaccination, & Others), By End-Users (Home Care Settings, Clinics, Ambulatory Surgery Centers, Community Health Care, & Hospitals), And By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” report at https://www.fnfresearch.com/nasal-spray-market
The global nasal spray market can be segmented into:
Global Nasal Spray Market: By Class Segment Analysis
Global Nasal Spray Market: By Form Segment Analysis
Global Nasal Spray Market: By Patient Type Segment Analysis
Global Nasal Spray Market: By Prescription Mode Segment Analysis
Global Nasal Spray Market: By Therapeutic Class Segment Analysis
Global Nasal Spray Market: By Container Segment Analysis
Global Nasal Spray Market: By Dosage Segment Analysis
Global Nasal Spray Market: Product Application Analysis
Global Nasal Spray Market: By End-Users Segment Analysis
Global Nasal Spray Market: By Regional Segment Analysis
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