Global Intranasal Drug Delivery Devices Market to Surpass USD 8.11 Billion By 2031| Growth Market Reports

PUNE, India, June 14, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Intranasal Drug Delivery Devices  Market Segments - By Product (Powder Delivery Device, Liquid Delivery Device, Pressurized Metered-dose Inhalers, and Others), By Dosage (Unit-dose and Multi-dose) By Application (Respiratory Disorders, Neurological Disorder, Vaccination, Pain Management, and Others), By End-user (Personal Use, Hospitals/Clinics, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 4.60 billion in 2022 and is expected to surpass USD 8.11 billion expanding at a CAGR of 6.5% by the end of 2031. The increasing chronic disease prevalence is expected to boost the market during the forecast period.

Key Market Players Profiled in the Report

• Teleflex Incorporated
• AptarGroup, Inc.
• Johnson & Johnson
• BD
• Teva Pharmaceutical Industries Ltd
• Vectura Group plc
• Recipharm AB
• H&T Presspart Manufacturing Ltd
• Nemera Development S.A.
• OptiNose Inc
• Others

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include product, dosage, application, end-user, distribution channel, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

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Segment Highlights

On the basis of region, the global intranasal drug delivery devices market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global market, owing to government approval for using intranasal drug delivery devices such as nasal powder and nasal sprays.

Asia Pacific is expected to be a rapidly growing region in the global market during the projected period due to the rising R&D activities in countries such as China.

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Key Takeaways from the Study:

• Intranasal drug delivery is widely used to treat nasal polyposis or rhinitis. Drugs are inhaled into the nasal cavity and transported into the nervous system.
• It's an alternative to the systemic availability of drugs restricted to intravenous administration.
• Introduction of off-patent drugs for respiratory care to reconcile the supply of MDIs and DPIs is anticipated to fuel the market in the coming years.
• Rising research and development activities are projected to create lucrative opportunities for market players.
• The liquid delivery device segment is likely to expand at the fastest CAGR during the forecast period. Liquid delivery devices are convenient for topical indications where humidification counters the dryness and crusting repeatedly accompanying chronic nasal diseases.
• The unit-dose device segment is anticipated to hold a major revenue share of the market, as it is used in urgent treatments.
• The respiratory disorders segment is expected to dominate the market during the forecast period, with the increasing prevalence of respiratory disorders such as asthma and COPD among people.

Read 289 Pages Research Report with Detailed TOC on "Global Intranasal Drug Delivery Devices  Market Segments - by Product (Powder Delivery Device, Liquid Delivery Device, Pressurized Metered-dose Inhalers, and Others), By Dosage (Unit-dose and Multi-dose) By Application (Respiratory Disorders, Neurological Disorder, Vaccination, Pain Management, and Others), By End-user (Personal Use, Hospitals/Clinics, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031"

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Key Segments Covered

Product

• Powder Delivery Device
• Liquid Delivery Device
• Pressurized Metered-dose Inhalers
• Others

Dosage

• Unit-dose
• Multi-dose

Application

• (Respiratory Disorders
• Neurological Disorder
• Vaccination
• Pain Management and Others

End-user

• Personal Use
• Hospitals/Clinics
• Others

Distribution Channel

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Other Related Reports:

• Nasal Drug Delivery Technology Market Segments - by Dosage Forms (Spray, Drops, Gel, and Powder), Container Types (Pressurized and Non-Pressurized), Therapeutic Applications (Nasal Congestion, Rhinitis, Asthma, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
• Global Drug Delivery Technologies Market by Type (Oral Drug Delivery, Pulmonary Drug Delivery, Injectable Drug Delivery, Ocular Drug Delivery, Nasal Drug Delivery, Topical Drug Delivery, Implantable Drug Delivery, Transmucosal Drug Delivery), By Application (Hospitals, Home Care Settings, Clinics, Diagnostic Centres, Other) And by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
• Global Injectable Drug Delivery Devices Market by Type (Devices, Formulation), By Application (Immune Disorder, Cancer, Diabetes, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
• Global Advanced Drug Delivery Systems Market by Type (Oral Drug Delivery, Pulmonary Drug Delivery, Transdermal Drug Delivery, Parenteral Drug Delivery), By Application (Hospitals, Specialized Clinics, Clinical Research & Development Centers), and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Forecast From 2022 To 2030

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