Nasal Drug Delivery Systems Market Size Share Trends Forecast Analysis 2026

SEATTLE - Aug. 17, 2021 - PRLog -- Global Nasal Drug Delivery Systems Market, by Dosage Form (Nasal Spray, Nasal Drops, Nasal Gels, Nasal Powders, and Others), by Container Type (Non-pressurized Containers and Pressurized Containers), by System Type (Multi-dose, Bi-dose, and Unit Dose), by Therapeutics Application (Allergic and Non-allergic Rhinitis, Nasal Congestion, Vaccination, and Others), by Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 48.1 billion in 2018, and is projected to exhibit a CAGR of 6.3% over the forecast period (2018 – 2026).

Growth in nasal drug delivery system market is attributed to high advantages of nasal administration and increasing innovative nasal drug delivery systems. Moreover, expanding therapeutic application is expected to drive growth of the nasal drug delivery systems market. For instance, number of pharmaceutical and biopharmaceutical companies are adopting nasal drug delivery system for the treatment of acute migraine, pain management, Alzheimer disease etc.

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For instance, in 2016, Lannett Company, Inc. received Abbreviated New Drug Application (ANDA) approval from the U.S. FDA for its Sumatriptan Nasal Spray intended for the treatment of migraine. Moreover, in June 2018, Impax Specialty Pharma, Inc., a specialty pharmaceutical company, received US FDA approval for Zomig Nasal Spray to treat acute migraine in patients aged 12 years and above.

For instance, in 2014, Endo International plc, acquired Natesto, the first and only testosterone nasal gel till that date, from Trimel BioPharma SRL, used for the treatment of hypogonadism via replacement therapy.

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Key takeaways of the Nasal Drug Delivery Systems Market:

The global nasal drug delivery systems market is expected to expand at a CAGR of 6.3% during the forecast period (2018 – 2026), owing to increasing approvals for nasal drug delivery systems

Nasal spray segment is expected to be dominant, owing to large number of products offered in this segment and increasing research to launch new products in this segment

Some of the major players involved in global nasal drug delivery systems market include Merck & Co., GlaxoSmithKline plc, AstraZeneca plc, Johnson & Johnson, Pfizer Inc., Baxter International, Inc., Valeant Pharmaceuticals International, Inc., Becton, Dickinson and Company, and Novartis AG

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