Nasal Drug Delivery Technology

Nasal Drug Delivery Technology

Global Nasal Drug Delivery Technology Market to Reach $94.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Nasal Drug Delivery Technology estimated at US$66.4 Billion in the year 2020, is projected to reach a revised size of US$94.2 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Nasal Sprays, one of the segments analyzed in the report, is projected to record a 5.8% CAGR and reach US$50 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Drops & Liquids segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $19.6 Billion, While China is Forecast to Grow at 4.8% CAGR

The Nasal Drug Delivery Technology market in the U.S. is estimated at US$19.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Other Dosage Forms Segment to Record 3.8% CAGR

In the global Other Dosage Forms segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.5 Billion in the year 2020 will reach a projected size of US$7.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 47 Featured) -

• 3M Company
• Aegis Therapeutics LLC
• Aptargroup, Inc.
• AstraZeneca PLC
• GlaxoSmithKline PLC
• Johnson & Johnson
• Merck & Co., Inc.
• Novartis International AG
• Pfizer, Inc.

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