Nasal Spray Market to Exhibit a Noteworthy Growth of USD 38,026.75 million by 2030, Size, Share, Growth, Demand, Drivers, Revenue Forecast and Opportunity Analysis

PRESS RELEASE
Published June 9, 2023

Global Nasal Spray Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Healthcare Business Intelligence market, Market scope, Market segmentation, and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.

Allergic rhinitis is a major health problem that causes problems in more than 500 million people in the world. It has symptoms such as nasal congestion, snoring, postnasal drip, and cough, reduction in the sense of smell, headache, and others for months or years in almost half of the patients on earth. These symptoms can also affect the quality of life of patients.

Data Bridge Market Research analyzes that the global nasal spray market is expected to reach a value of USD 38,026.75 million by 2030, at a CAGR of 6.7% during the forecast period.

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Market Overview:

A nasal spray is a device widely used as a system in nasal drug delivery to treat major allergy problems such as nasal congestion, infections, itchy or watery eyes, runny nose, chest congestion, cough, wheezing, labored breathing, shallow breathing, and others. Some other diseases which also include nasal polyps, inflammatory bowel disease, kidney-related problems, and others. Administration of medicines or drugs by the nose in dosage form with the help of spray is a non-invasive technique that provides rapid action of a drug in the body of patients. A nasal spray is one of the most cost-effective, does not require invasion, is easy to use and self-administered, and has high patient compliance. Therefore nasal drug delivery is one of the popular routes of drug administration in recent times and has a strong growth opportunity.

Nasal sprays are available in the market as over-the-counter (OTC) or prescription drugs for the treatment of nasal diseases such as nasal allergies, blocked or stuffy nose, chronic sinus, allergic rhinitis, and other problems associated with the nose. These sprays are available in the market as a pump or as canisters.

Nasal sprays are devices that help in the delivery of the drug through the nose in the nasal cavity to treat allergies and other problems related to brain inflammation, diabetes, dental problems, and the central nervous system. Allergy is a condition in which the immune system of the body reacts abnormally to a foreign substance. Nasal spray drug products consist of therapeutically active ingredients or drug substances in the form of solution or suspension of excipients.

There are different types of nasal spray available in the market, such as decongestion nasal spray, saline nasal spray, and steroid nasal spray. Decongestants are devices with drugs for the treatment of nasal congestion and provide short-term relief from a blocked nose. The decongestion nasal spray consists of drugs that open up the airways of the nasal part and helps in the breathing process.

During the cold and dry winter season, saline nasal sprays are used to avoid problems related to a stuffy nose. These devices are used to treat sinusitis, nasal crusting, and thin secretions of liquid from the nose, which are formed due to bacterial infection and lead to the dryness of the nasal area. This device helps in cleaning the nasal passage and mucus present in that area due to cold.

DRIVER

  • Increase in Infection and Allergic Cases

Allergy is a condition that makes the immune system weaken, and the immune system reacts abnormally to a foreign substance. Allergies have many forms, such as Allergic Rhinitis (AR), and this affects nearly 40 to 50 million people in the U.S. Some allergies may interfere with day-to-day activities and the quality of life.

Due to the increase in population, urbanization, and industrialization has increased tremendously, which has led to a rise in allergen. This allergen is responsible for allergies or infectious diseases in many people.

Thus, the rise in the prevalence of allergic diseases such as AR has led to an increase in the demand for nasal sprays, which is expected to drive market growth in the coming years.

Recent Developments

  • In January 2023, Viatris Inc. (NASDAQ: VTRS), a global healthcare company, today announced that it has closed its acquisitions of Oyster Point Pharma and Famy Life Sciences to establish a new Viatris Eye Care Division. This acquisition would help the company in its business expansion.
  • In March 2023, Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd, announced the launch of additional strengths for the generic version of Revlimid1 (lenalidomide capsules), in 2.5 mg, and 20 mg strengths, in the U.S. This product launch would help the company in its product portfolio expansion.

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Some of the major market players operating in the global nasal spray market are EMERGENT, Cipla Inc., Sandoz International GmbH (A Part of Novartis), Aytu Health (A subsidiary of Aytu BioPharma, Inc.), Bayer AG, GlaxoSmithKline plc., Assertio Therapeutics, Inc., Aurena Laboratories., J Pharmaceuticals, St. Renatus., Ultratech India Limited, Catalent, Inc., Teva Pharmaceuticals USA, Inc. (A subsidiary of Teva Pharmaceutical Industries Ltd), Pfizer Inc., Viatris Inc., LEEFORD HEALTHCARE LTD, and Aishwarya Group among others.

Global Nasal Spray Market Scope

PRODUCT TYPE

  • DECONGESTION NASAL SPRAY
  • STEROID NASAL SPRAY
  • SALT WATER SOLUTION/ SALINE NASAL SPRAY
  • OTHERS

On the basis of product type, the market is segmented into decongestion nasal spray, salt water solution/saline nasal spray, steroid nasal spray, and others.

CONTAINER DESIGN

  • PUMP BOTTLES
  • PRESSURIZED CANISTERS

On the basis of container design, the market is segmented into pressurized canisters and pump bottles.

DOSAGE FORM

  • MULTI DOSE
  • UNIT/SINGLE DOSE
  • BI DOSE

On the basis of dosage form, the market is segmented into unit/single dose, bi dose, and multi dose.

THERAPEUTIC CLASS

  • ANTIHISTAMINE
  • NASAL STEROIDS
  • MAST CELL INHIBITOR
  • ANTICHOLINERGIC

On the basis of therapeutic class, the market is segmented into antihistamine, nasal steroids, mast cell inhibitor, and anticholinergic.

APPLICATION

  • NASAL CONGESTION
  • ALLERGIC AND NON-ALLERGIC RHINITIS
  • CENTRAL NERVOUS SYSTEM DISORDERS
  • VACCINATION
  • OTHERS

On the basis of application, the market is segmented into nasal congestion, allergic and non-allergic rhinitis, central nervous system disorders, vaccination, and others.

PRESCRIPTION/AVAILABILITY

  • OVER THE COUNTER
  • PRESCRIBED

On the basis of prescription/availability, the market is segmented into over the counter and prescribed.

END USER

  • HOME CARE SETTINGS
  • HOSPITALS
  • CLINICS
  • COMMUNITY HEALTH CARE

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Global Nasal Spray Market Regional Analysis/Insights

The global nasal spray market is segmented into seven notable segments on the basis of product type, container design, dosage form, therapeutic class, application, prescription/ availability, and end user.

The countries covered in this market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, rest of Europe, China, Japan, India, Australia, South Korea, Malaysia, Thailand, Singapore, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, UAE, and rest of Middle East and Africa.

In 2023, North America is dominating the global nasal spray market due to the increasing investment in nasal spray, which is expected to boost the market growth. The U.S. is dominating the North America nasal spray market due to the strong presence of key players. Germany is dominating the Europe nasal spray market due to the increasing demand from emerging markets and expansion. China is dominating the Asia-Pacific nasal spray market due to increasing customer inclinations toward nasal spray.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

 

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