Nasal drug delivery technology is the administration of drug through the nasal route. Nasal route of administration provides direct access to the systemic circulation. The nasal cavity is an easily accessible route which is generally well tolerated. Drugs administered through the nasal route are available in different dosage forms, such as liquid drops, liquid spray, Aerosol, suspension spray, gel etc. Nasal drug delivery offers several advantages, such as a large surface area for drug absorption, convenience, and good patient compliance, rapid attainment of therapeutic drug levels in the blood, and potential of direct drug delivery to the brain along the olfactory nerves etc. In nasal drug delivery, drugs are given in multi dose as well as single dose. Intranasal medication administration offers a needleless solution to drug delivery. Many drugs have been shown to achieve better systemic bioavailability through the nasal route than by oral administration. Different formulations are delivered through the nasal route, such as drugs, viscosifying agents, solubilizes, surfactants, bioadhesive polymers, preservatives etc.
Factors such as growing preference for nasal drug delivery, technological advancement, growing adoption for self-administration, and growing incidence of chronic diseases are likely to drive the global nasal drug delivery technology market. New product innovation, large pipeline products, and merger & acquisition activities are other factors which will accelerate the nasal drug delivery technology market globally. On the other hand, complications related to nasal drug delivery, such as risk of local side effects and low bioavailability are factors which may hinder the growth of the nasal drug delivery technology market.
The nasal drug delivery technology market has been segmented by product type, application, end users, and geography. In terms of product type, the market is classified into liquid devices and powder devices. Liquid devices is further classified into vapor inhaler, mechanical spray pumps, gas driven spray systems, and electrically powered nebulizer and droppers. Powder devices are further classified into mechanical powder spray and breath actuated inhalers. In terms of application, the market is classified into nasal vaccination, diagnostic drug delivery, delivery of drugs to brain through nasal cavity, and delivery of peptide and non-peptide drugs. In terms of end users, the market is classified into hospital, specialty clinics, vaccination centers, and ambulatory surgery centers.
Geographically, the nasal drug delivery technology market is classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominates the nasal drug delivery technology market due to advanced technology, new product innovation, growing prevalence of chronic obstructive pulmonary disease, and increasing adoption of early treatment procedures. Chronic obstructive pulmonary disease is the third leading cause of death in the United States. According to American Lung Association more than 11 million people have been diagnosed with chronic obstructive pulmonary disease. Europe is the second largest market for nasal drug delivery technology due to increasing research & development activities and growing consumption of tobacco. According to World Health Organization Europe has the highest prevalence of tobacco smoking among adults (28%) and some of the highest prevalence of tobacco use by adolescents. The market in the Asia Pacific region is expected to expand at a higher rate due to increasing investment in research & development activities, growing prevalence of chronic diseases, and growing awareness among people.
Major players operating in this market include Becton, Dickinson and Company, OptiNose US Inc., Bespak Europe Ltd, Kurve Technology, Inc., AstraZeneca Plc, Teleflex Medical Europe Ltd., AptarGroup, Inc., Procter & Gamble, GlaxoSmithKline plc, and Janssen Global Services, LLC.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.