January 21, 2021
According to the research report titled ‘Global Nasal Drug Delivery Mode Market Analysis, 2020’, available with Market Study Report, global nasal drug delivery mode market is predicted to record a CAGR of 6.4% over 2020-2025.
Global nasal drug delivery mode market is primarily driven by factors such as rising air pollution, increasing intake of tobacco, and introduction of environment friendly inhalers for COPD (Chronic Obstructive Pulmonary Disease) and asthma patients. Moreover, upsurge in practices ofrising number of self-administration practices, mounting investment in R&D activities, and growing popularity of inhalers in developing and developed economies are also contributing to overall market outlook.
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For those unversed, nasal drug delivery mode is referred to as the administration of drug in the form of solid, semisolid, and liquid formulation through the nasal route. It is used to treat infection in the paranasal sinuses like allergic & non-allergic sinusitis & rhinitis.
The research report on global nasal drug delivery mode market provides data regarding various driving forces, challenges, and other growth opportunities governing the overall business dynamics. It further examines this business domain, highlighting the several market segments such as therapeutic application, dosage form, container type, system type, distribution, end users, and geographical ambit.
Based on therapeutic application, global nasal drug delivery mode market is split into rhinitis, asthma, and others.
Speaking of dosage form, the industry is segmented into drop, spray, gel, and powder. Out ofAmong these, the report states that spray segment held the largest share of in worldwide nasal drug delivery mode industry in 2019., owing to iIncreasing number of patients battling chronic rhinitis, that leads to congestion, swelling, irritation in nasal mucosa is fueling the segmental share.
In addition, rising cognizance regarding nasal sprays and their benefits, along with growing acceptance of self-administration practices, and introduction of new innovative products in the domain will further impel the segmental growth.
As per container type, the market is categorized into non pressurized container and pressurized container. With respect to system type, the industry is bifurcated into unit dose, bi-dose, and multi-dose.
Moving on to distribution segment, the market is classified into online pharmacies, retail pharmacies, and hospital pharmacies.
Elaborating on end user scopes, the industry is divided into homecare settings and hospitals.
Among these, global nasal drug delivery mode market share from homecare settings segment witnessed tremendous growth in 2019, attributable to. Ggrowing usage of nasal powders and sprays which save money and time, increasing number of patients individuals suffering from rhinitis, and shifting preferences of patients to self-administration practices of drugs are favoring the overall market outook.