Anti-Nasal Spray Market Research Report

 

Growth opportunities in the anti-nasal spray market look promising over the next six years. This is mainly due to the increasing number of FDA approvals for nasal sprays and the rising burden of asthma and seasonal allergies.

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Anti-Nasal Spray Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The augmenting trouble caused by acute rhinitis along with the growing nasopharynx infection and nasal cavities led by the surging level of pollutants and pests has been accounted as the major driver responsible for the growth of the anti-nasal spray market. The growing problem of asthma throughout the world has promoted the industry’s growth. Moreover, the expansion in the number of approvals granted by the FDA has strengthened the market growth. For example, FDA, in 2019, declared the consent of Spravato nasal spray to heal patients, which will stimulate the market growth. Seasonal allergies coupled with the increasing risk of frequent respiratory problems are likely to promote the market growth. The expansion in ability of major players to produce these nasal sprays reflects huge potential of market, which is propelling the market size. For instance, in 2018, Cipla Inc. manufactured 29 million sprays and 29.9 million in 2019, which represents the extension of production ability to meet the soring demand of consumers. However, the aftereffects concerned with the use of sprays which include high blood pressure and dizziness may curb the market growth.

Patient Type Segment Drivers

Based on the patient type, the geriatric population is projected to lead the market during the forecast period. This is primarily because of the growing aging population. In accordance with a report published by UN, the number of persons above 50 years of age is anticipated to expand from 137 in 2017 to 4235 in 2050 bringing out growth opportunities for the market.

Regional Drivers

Based on the regional coverage, Europe is expected to witness a higher CAGR in the market over the forecast period. This is because of the increasing incidences of allergic cases as it is the most common disease there. As per “The European Academy of Allergy and Clinical Immunology” (EAACI), almost 150 million Europeans suffered from chronic allergy diseases. Moreover, the current cases and predictions states that the pervasiveness of this disease will be more than 50% by the end of 2025, which will fuel the market growth.

Anti-Nasal Spray Market’s leading Manufacturers:

·        GlaxoSmithKline plc

·        ARIUS FORMULATIONS PVT LTD

·        Bayer AG

·        Aurena

·        INNOVUS PHARMACEUTICALS, INC.

·        ADAPT Pharma, Inc.

·        Pfizer Inc.

·        St. Renatus

·        J Pharmaceuticals

·        Cipla Inc.

·        Sandoz International GmbH

Anti-Nasal Spray Market Segmentation:

Segmentation by Type

·        Saltwater Solutions

·        Decongestants

·        Steroid

·        Antihistamine

·        Others

Segmentation by Application

·        Asthma

·        Cold

·        Nasal Allergies

·        Others

Segmentation by Patient Type

·        Infant

·        Paediatric

·        Adults

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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