Nasal Drug Delivery Market Expands Globally
Written by Arushi Sharma
The global nasal drug delivery market is on the rise, driven by efficient absorption and innovative solutions. Key players lead advancements for improved patient outcomes, focusing on research and development in various medical domains.
The global market for nasal drug delivery, a method characterized by the administration of medications through the nasal passage, is experiencing significant expansion, according to a recent survey report by Adroit Market Research.
This growth is attributed to the manifold benefits of nasal drug delivery, including rapid and effective absorption, avoidance of first-pass metabolism, and user-friendly administration.
Nasal drug delivery, leveraging the rich vascular network in the nasal mucosa, offers quick onset of action and is minimally invasive. It finds applications in treating various conditions such as allergies, sinusitis, migraine, and hormonal imbalances. Factors driving market growth include rising incidence of respiratory ailments, increasing preference for self-medication, and advancements in nasal drug delivery techniques.
North America is expected to lead the global nasal drug delivery market, owing to technological advancements, substantial healthcare investments, and a surge in chronic illnesses. Within the market, non-pressurized containers are preferred over pressurized ones due to their precise drug dosage capabilities, ensuring effective treatment.
Among nasal drug delivery forms, nasal spray dosage is poised for dominance due to its efficiency in delivering medications directly to the nasal cavity for rapid absorption. Metered-dose systems, known for their accuracy and patient compliance, are gaining traction over unit-dose and multi-dose systems.
Asthma treatment emerges as a leading application in the global nasal drug delivery market, with nasal drug delivery systems offering a convenient and effective means of administering medications to the nasal mucosa.
Key players driving innovation in the nasal drug delivery market include AptarGroup Inc., OptiNose Inc., GlaxoSmithKline plc (GSK), and Innoviva Inc., among others. These companies are actively involved in research, development, and commercialization efforts to offer advanced drug delivery solutions across various medical domains.
The market is witnessing notable developments, such as AptarGroup Inc.'s acquisition of Noble International and OptiNose Inc.'s FDA approval for XHANCE medication. Additionally, GlaxoSmithKline plc (GSK) and Innoviva Inc. received FDA authorization for a revised formulation of Flonase Sensimist Allergy Relief nasal spray.
Top players in the nasal drug delivery market include AstraZeneca, Johnson & Johnson, Pfizer, Novartis, Merck & Co., Inc., Sanofi, Teva Pharmaceutical Industries Ltd., and Nipro Corporation. These industry leaders are committed to advancing nasal drug delivery technologies to meet the evolving needs of patients worldwide.