An increasing number of patients are suffering from COPD and asthma because of which the sales figures of nasal sprays and generic inhalers in likely to grow within the forecasted span. Consumers prefer nasal route as an alternate to injections or pills. Nasal sprays are mainly used for treating local health problems like rhinitis and nasal congestion. Additionally, it is also used to treat sneezing, runny, stuffy, or restless nose, watery eyes caused by allergic rhinitis or different allergies, making it a go-to option for self-help of consumers. Nasal sprays are available as prescription drugs as well as over the counter, which makes it easily procurable thereby causing no hindrance to the market growth. Additionally, high costs associated with healthcare, primarily within the developed countries are drawing attention of patients towards generic medication, thereby contributing to the expansion of the inhalation and nasal spray market.
The report offers an accurate forecast estimation of the Inhalation and Nasal Spray Market based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Inhalation and Nasal Spray Market.
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Key Highlights From The Report.
- In September 2020, Marinomed Biotech, an Austria based respiratory and ophthalmology organization received approval for Carragelose, a first of its kind over-the-counter medicinal product. It contains decongestant xylometazoline which helps to reduce swelling of mucous, thereby assisting in easy breathing.
- Most of the generic medications have been approved by the U.S. Food and Drug Administration. This is because they have met all the rigid standards as a potentially efficient drug tagged at very affordable prices. Patent expiration of a branded drug ends up in competition among generic medicine manufacturers to provide generic versions at lower costs.
The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Inhalation and Nasal Spray Systems market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Key participants include Nephron Pharmaceuticals Corporation, Allergan plc, Roxane Laboratories, Inc., Ranbaxy Laboratories Ltd. and Beximco Pharmaceuticals. among others.
For the purpose of this report, Emergen Research has segmented into the global Inhalation and Nasal Spray Market on the drug type, application and region:
Drug Type Outlook (Revenue, USD Billion; 2017-2027)
- Corticosteroids
- Bronchodilators
- Antihistamines
- Decongestant Sprays
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Asthma
- Chronic Obstructive Pulmonary Disease (COPD)
- Allergic Rhinitis
- Others
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