The nasal drug delivery technology market report defines, describes, and forecast nasal drug delivery technology market on basis of dosage form, therapeutic application, end user, system, container, and region. It provides detailed information regarding the major factors influencing growth of market (drivers, restraints, opportunities, challenges).
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The global nasal drug delivery technology market is projected to reach USD 64.20 billion by 2021 from USD 44.00 billion in 2016, at a CAGR of 6.5% during forecast period. Increasing patient preference for nasal drug delivery as a result of easy administration & better efficacy and growing self-administration practices among patients are factors driving the growth of this market.
Complete Report on Nasal Drug Delivery Technology Market spread across 212 Pages, Profiling 11 Companies and Supported with 95 Tables and 36 Figures is now available at www.rnrmarketresearch.com/nasal-drug-delivery-technology-market-by-dosage-form-nasal-drops-sprays-powder-gel-system-multidose-unit-dose-bi-dose-therapeutic-applications-rhinitis-congestion-vaccinations-end-user-hospitals-ho-st-to-2021-market-report.html .
Nasal drug delivery technology market segmented based on dosage form, therapeutic application, end user, system, container, and region.
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In 2016, non-pressurized containers segment expected to account for largest share of market. Large share of this segment can primarily be attributed to advantages such as better versatility and reliability, instant availability, self-containment, better portability, and low-cost medical aerosol delivery.
- Nasal Drug Delivery Technology Manufacturers
- Public and Private Physicians
- Healthcare Institutions (Medical Data Centers)
- Research & Clinical Laboratories
- Distributors and Suppliers of Nasal Drug Delivery Technologies
- Health Insurance Payers
- Market Research and Consulting Firms
In addition, the increasing usage of these devices for the treatment of asthma and chronic obstructive pulmonary disease (COPD) is expected to further drive the growth of this market in the coming years. On the basis of end user, the market is segmented into hospitals and home care settings.
In 2016, the home care settings segment is expected to account for the largest share of the market, primarily due to the increasing preference for self-administration among patients.
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North America is projected to dominate the market in 2016, with the U.S. accounting for a major share. However, Asia is expected to grow at the highest CAGR during the forecast period.
This growth can be attributed to investments by major companies in the area of R&D activities. Also, this region has low costs of labor and clinical trials, which has further served to draw market players to Asia.
1 Merck & Co., Inc.
2 Novartis AG
3 Glaxosmithkline PLC
4 Johnson & Johnson Services, Inc.
5 Pfizer Inc.
6 Astrazeneca PLC
7 Aptargroup, Inc.
8 Aegis Therapeutics LLC
10 MnM View
11 Becton, Dickinson and Company
The nasal drug delivery technology market is expected to witness significant growth in the coming years, due to the high demand and adoption of OTC products. Various pharmaceutical companies are focusing on the development of OTC drugs.
This is expected to create growth opportunities for players offering nasal drugs, especially nasal sprays and drops which are majorly sold as generic OTC medicines.
Connect for More Details for More Information “Nasal Drug Delivery Technology Market by Dosage Form (Nasal Drops, Sprays, Powder, Gel), System (Multidose, Unit Dose, BI-Dose), Therapeutic Applications (Rhinitis, Congestion, Vaccinations), End User (Hospitals, Homecare) - Global Forecast to 2021” report @ www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=832661 .
The report on nasal drug delivery technology market provides quantitative information for clients seeking market size information on various segments of this market. This report also provides access to quantitative data on nasal drug delivery technology market.
This report covers –
- Current and forecast assessment of the nasal drug delivery technology market.
- Country-wise assessment of each of the segments
- Global market share analysis for major segments of the nasal drug delivery technology market
- Adoption trends of various nasal drug delivery technologies for major geographic markets
- Five-year coverage of strategic developments of top players in the nasal drug delivery technology market
- Product Portfolio mapping of leading players in the nasal drug delivery technology market.
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