The Market for Global Nasal Spray is expected to grow at CAGR 6.3% from 2017 to 2024
Data Bridge Market Research new Insight’s on “Global Nasal Spray Market, is projected to reach USD 19.4 billion by 2024, from USD 11.9 billion in 2016, at a CAGR of 6.3% during the forecast period from 2017 to 2024.”
The market is segmented by Type (Decongestant nasal spray, salt water solution/ saline nasal spray, steroid nasal spray), By Container Design (Pressurized Canisters, Pump Bottles), By Dosage form (Unit/Single dose, Bi-dose, multi-dose), By Prescription (Prescribed, Over-the-counter), By Therapeutic Class (Antihistamine, Nasal Steroids, Mast Cell Inhibitor, Anticholinergic), By Application (Allergic and non-allergic Rhinitis, Nasal Congestion, CNS disorders, Vaccination, Others), End User (Hospital, ASC/Clinics, Home Care Setting, Pharmacy, Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa) – Industry Trends and Forecast to 2024
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Nasal Spray Market: Recent Developments
Factors which may drive the growth of the nasal spray include increasing cases of allergic rhinitis and infections, changing lifestyle of people, rising level of pollution, increasing research and development of generic nasal spray drugs, rising awareness among the people, better alternate for other mode of drug delivery, painless, rising demand for self-administration, improving patient compliance, increasing acceptability, and more effective as compared to other forms. It is found that allergic rhinitis affects 10 to 30% of children and adults in the U.S. and other industrialized countries. Prevalence of allergic rhinitis is countries such as Australia, New Zealand and the United Kingdom. On the other hand, addiction to nasal sprays, temporary relief, pungent smell, sneezing, nasal irritation, runny nose, bleeding from nose, and regulatory reforms are some of the major factors which may restraints the growth of nasal spray market.
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Nasal Spray Market Categories: Segmentation
The global nasal spray market is segmented based on product type, container design, dosage form, prescription/availability, therapeutic class, application, end-user, and geography.
On the basis of product type, the global nasal spray market is segmented into decongestion nasal spray, salt water solution/ saline nasal spray, and steroid nasal spray
Based on container design, the global nasal spray market is segmented into Pressurized Canisters and Pump Bottles.
On the basis of dosage form, the market is segmented into unit/single dose, bi-dose, and multi dose.
Based on prescription, the market is segmented into Prescribed and Over-the-counter.
On the basis of therapeautic class the market is segmented into Antihistamine, Nasal Steroids, Mast Cell Inhibitor, and Anticholinergic.
Based on application the market is segmented into Allergic and non-allergic Rhinitis, Nasal Congestion, CNS disorders, Vaccination, and Others.
On the basis of end-user the market is segmented into Hospital, ASC/Clinics, Home Care Setting, Pharmacy, and Others.
Nasal Spray Market: Geographic Segmentation
Based on geography the market is segmented into 5 geographical regions such as North America, Europe, Asia-Pacific, South America and Middle East and Africa. In 2017, North America is expected to dominate the nasal spray market with 52.1% market share followed by Europe and APAC. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.
Nasal Spray Market: Company Share Analysis
The market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in the global nasal spray market are Sandoz International,Catalent , Pfizer, AptarGroup, Inc., Nastech pharmaceutical, Adapt Pharma, Inc,Mylan N.V, Innovus pharmaceuticals, Allergan PLC, Nephron pharmaceutical corporation, Cipla ltd, Meda pharmaceuticals, Inc., Sunovion pharmaceuticals, Teva respiratory, Llc., Apotexcorp, Novartis, Valent pharmaceuticals international, Inc. among others.
Other Market Insights:
Global Infusion Pump Systems, Accessories and Software Market, latest insights by Data Bridge Market Research says that the market is growing at a CAGR of 5.9% in the forecast period 2017 to 2024, expected to reach USD 13.3 billion by 2024
Global Active Pharmaceutical Ingredient (API) Market, latest insights by Data Bridge Market Research says that the new market reports contains actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is 2017 to 2024.
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