Nasal Drug Delivery Systems Market Worth $67.99 Billion By 2025: Grand View Research, Inc.

Nasal Drug Delivery Systems Market Worth $67.99 Billion By 2025: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, March 6, 2019

SAN FRANCISCO, March 6, 2019 /PRNewswire/ -- The global nasal drug delivery systems market size is expected to reach USD 67.99 billion by 2025 expanding at 6.5% CAGR, according to a new report by Grand View Research, Inc. Rising awareness about nasal products is one of the major factors driving the market. Growing geriatric population is also expected to have positive impact on the market. According to the United Nations Department of Economic and Social Affairs, the global geriatric population (60 years and above), was around 962 million in 2017. The number is expected to grow, particularly in Latin America with 71% rise in population aged 60 and over, followed by Asia (66%), Africa (64%), North America (41%), and Europe (23%).

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Key suggestions from the report:

Read 90 page research report with TOC on "Nasal Drug Delivery Technology Market Analysis Report By Therapeutic Application (Asthma, Rhinitis), By Dosage Form (Powder, Gel, Spray, Drops), By Container Type, And Segment Forecasts, 2019 - 2025" at:  https://www.grandviewresearch.com/industry-analysis/nasal-drug-delivery-technology-system-market

Moreover, ongoing product development and their expected commercialization will propel market growth over the forecast period. For instance, In April 2018, Dr. Reddy's Laboratories, along with its subsidiary Promius Pharma, LLC, announced filing of their New Drug Application (NDA) for DFN-02, for the treatment of migraine. Increasing adoption of self-administration practices and focus on other alternative routes of drug delivery, such as nasal drug delivery, also offer growth opportunities for the market. Some of the key companies in the industry are AstraZeneca PLC; OptiNose, Inc.; Pfizer, Inc.; Becton, Dickinson and Company; Promius Pharma LLC; B.F. Ascher & Company, Inc.; and Cadila Pharmaceuticals Ltd.

Grand View Research has segmented the global nasal drug systems market on the basis of dosage forms, container type, therapeutic application, and region:

· Nasal Drug Delivery Systems Dosage Forms Outlook (Revenue, USD Billion, 2014 - 2025)

· Nasal Drug Delivery Systems Container Type Outlook (Revenue, USD Billion, 2014 - 2025)

· Nasal Drug Delivery Systems Therapeutic Application Outlook (Revenue, USD Billion, 2014 - 2025)

· Nasal Drug Delivery Systems Regional Outlook (Revenue, USD Billion, 2014 - 2025)

Find more research reports on Pharmaceuticals, by Grand View Research:

· Asthma Therapeutics Market - The global asthma therapeutics market accounted for USD 20.7 billion as of 2015 and is anticipated to exhibit a sluggish growth rate of 2.2% over the forecast period

· Liver Diseases Therapeutics Market  - The Global liver diseases therapeutics market size was valued at USD 7,498.2 million in 2014. Key drivers of the market include increasing incidences of hepatocellular carcinoma

· Personalized Medicine (PM) Market - The global personalized medicine market was valued at USD 1,007.88 billion in 2014 and is expected to grow at a CAGR of 11.8% over the forecast period.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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