*Definition: An ensuring innovative drug delivery system, OTFs, are expected to offer active therapeutic moieties in the oral cavity below the tongue, in the bowels, on the roof of the mouth, or while kept in the mouth. Oral thin film drug delivery has raised as advanced substitute to the earlier pills, capsules, and/or fluid often related to prescription and OTC medicines.
The global oral thin films market is undergoing robust growth due to the rising stress of target disorders and increasing elderly populace globally. Furthermore, increasing demand for oral thin films globally owing to rising awareness amidst people is anticipated to fuel the growth of the market. Anyhow, reasons such as limitations linked with oral films and accessibility of alternative medicines are anticipated to hinder growth of the global oral thin films market.
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Global Oral Thin Films Market: Regional Insights
By Region, the global oral thin films market is divided into Asia Pacific, North America, Middle East & Africa, Europe, and Latin America.
Regionally, North America is anticipated to gain huge share in the market during the predicted timeframe due to the broadened use of oral thin films and increasing problem of the specified disorders regionally. For example, as per Parkinson’s Foundation, around one million people in the U.S. are suffering from Parkinson’s disease, which is above the combined number of people examined with MS, muscular dystrophy, and ALS. This is anticipated to increase to 1.2 million by 2030.
Europe is also anticipated to spectator strong growth in the global oral thin films market owing to the rise in the number of elderly people distressing from chronic disorders and increase in oral thin film primers in this region. For example, cases of Parkinson’s disease rises with age, the elderly populace across the globe effectively impacts the market growth. As per the EPDA, at present around 1.2 million people suffer from Parkinson’s in Europe and this count is predicted to increase twice by 2030.
Global Oral Thin Films Market Drivers:
Increasing burden of target diseases is anticipated to propel growth of the global oral thin films market during the predicted duration over the estimated timeline. People living with the indicated disorders such as AD, PD, schizophrenia, headache, and others are given oral thin films to comfort and decrease their pain. Hence, with the rising prevalence of aforesaid disorders, the usage of oral thin films is also rising. As per the CDC, in 2020, around 5.8 million Americans were suffering from Alzheimer’s disease. This is predicted to increase to 14 million by 2060.
Rising elderly populace globally is anticipated to fuel the growth of the global oral thin films market during the predicted timeline. For example, the usage of oral thin films has enhanced or enhanced owing to comfort in administration of medicines among older adults. The number of people with AD rises with age. For example, as per the TDSHS, around 1 in 9 people age 65 and older has AD. Over 5.0% of people aged 65 to 74, 13.1% of people age 75 to 84, and 33.2% of people age 85 and older suffer from Alzheimer’s dementia.
Global Oral Thin Films Market Opportunities:
Huge penetration of oral thin films across the globe is anticipated to offer profitable growth opportunities for key players in the global oral thin films market. The usage of these oral thin films has raised owing to benefits linked with the films. For example, in January 2021, Cure Pharmaceuticals gained the FDA clearance for CUREfilm Blue for the therapy of E). It enhanced the commercial opportunity for Cure Pharmaceutical in the US.
Huge need for efficient drug delivery methods globally is anticipated to offer notable growth opportunities for companies in the oral thin films market. For example, in June 2021, Shilpa Medicare Ltd., declared the introduction of Oral Thin Film formulation, under the Brand name Molshil. Shilpa Medicare Ltd. has gained clearance for Molshil Oral Thin Films after plenty complying bioequivalence necessities.
Global Oral Thin Films Market Trends:
Rising need for oral thin films owing to benefits linked with these films is anticipated to fuel the growth of the global oral thin films market. For example, in October 2020, CURE Pharmaceutical’s completely-owned subordinate SeraLabs declared the introduction of its Nutri-Strips thin-film commodity Sleep A.S.A.P. which provides the solution to America’s sleep disorder. Nutri-Strips is a revolutionary oral thin-film strip technology.
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Quick approvals and introductions of innovative films is anticipated to fuel growth of the global oral thin films market. For example, in May 2020, Zim Laboratories granted the U.S. license from the US license and Trademark Office for its oral thin film formulation.
Global Oral Thin Films Market Restraints:
Accessibility of substitute medicines is anticipated to hinder the growth of the global oral thin films market. For example, compared to other drug delivery methods, OTFs are comparatively new. Apart from their strength, oral thin films were primarily limited by their smaller doses, decreased stability and strength. Hence, the acquirement rate of oral thin films is obstructed, as there are many substitute medicines accessible in the market.
Restrictions linked with oral thin films are anticipated to hamper growth of the global oral thin films market. Oral thin films make uses for various disorders such as opioid addiction, headache, AD, PD, schizophrenia, and others. Anyhow, like any other drug delivery methods, oral thin films have their own set of restrictions. For example, due to the size of oral thin films, the medicine load they can carry is restricted to a relatively small quantity. Thin films cannot presently offer dosage in the gram range while keeping their rapid release properties and residual palatable.
Global Oral Thin Films Market Segmentation:
The oral thin films market report is divided into Distribution Channel, Product, Disease Indication, and Geography.
Based on Product, the oral thin films market is divided into Sublingual Film and Fast Dissolving Dental/Buccal Film. In which, Sublingual Film Segment is predicted to lead the market during the predicted duration and this is accredited to the rise in opioid addiction and requirement. Sublingual film is a prescription medicine utilized to cure opioid addiction in elders and is part of a whole treatment plan. It’s frequently utilized in maintenance therapy for patients who are healing from opioid misuse disease.
Based on Disease Indication, the market is divided into Schizophrenia, headache, Opioid Dependence, Sickness & Vomiting, and Other disorder Indications. Of which, Schizophrenia Segment is anticipated to lead the oral thin films market during the predicted timeline and this is accredited to the rising frequency of schizophrenia. Oral thin film is utilized for the therapy of patients living with schizophrenia and bipolar disease.
Migraine Segment is also anticipated to spectator notable growth in the upcoming future and this is due to the rise in percentage of the people with headache. Headache is one of the world’s most usual health problems and it’s a common neurological disorder. Rizatriptan oral film is fast-solvent thin polymeric film invention of Rizatriptan being innovated by IntelGenx for the curing headache
Based on Distribution Channel, the market is divided into Hospital Pharmacies, Retail Pharmacies, and Other Distribution Channels. From which, All Segments are anticipated to dominate the oral thin films market during the predicted duration and this is accredited to the rise in utilization of or need for oral thin films globally.
Global Oral Thin Films Market: Key Developments
In November 2021, CURE Pharmaceutical Holding Corporation gained the patent clearance for its CUREfilm Blue Technology, permission from the USPTO.
In September 2021, Aquestive Therapeutics and IntelGenx Corp. collaborated for development of Tadalafil oral films to cure ED in the U.S.
In September 2021, IntelGenx Corp. and Exeltis Healthcare SL collaborated to commercialize RIZAPORT in Spain. The medicine comprises VersaFilm technology and reduces inflammation and other headache symptoms.
Global Oral Thin Films Market: Key Companies Insights
The global oral thin films market is very competitive. This is accredited to the increasing demand for oral thin films globally owing to expand in perception regarding the advantages of oral thin films, resulting key players are aiming on introducing new films in the market.
Few key players in the global oral thin films market are C L Pharm, ZIM Laboratories Limited, LTS Lohmann Therapie-Systeme AG, Cure Pharmaceutical, Viatris, NAL Pharma, Sunovion Pharmaceuticals Inc., IntelGenx Corp., and Aquestive Therapeutics Inc., among others.
Reasons to buy this Oral Thin Films Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Oral Thin Films market size estimation and recent advancements in the industry are explained.
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The Study Objectives are:
✔ A comprehensive insight into key players operating in the Oral Thin Films Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Oral Thin Films Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Oral Thin Films Industry Impact
Chapter 2 Global Oral Thin Films Competition by Types, Applications, and Top Regions and Countries
2.1 Global Oral Thin Films (Volume and Value) by Type
2.3 Global Oral Thin Films (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Oral Thin Films Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Oral Thin Films Market Analysis
Chapter 6 East Asia Oral Thin Films Market Analysis
Chapter 7 Europe Oral Thin Films Market Analysis
Chapter 8 South Asia Oral Thin Films Market Analysis
Chapter 9 Southeast Asia Oral Thin Films Market Analysis
Chapter 10 Middle East Oral Thin Films Market Analysis
Chapter 11 Africa Oral Thin Films Market Analysis
Chapter 12 Oceania Oral Thin Films Market Analysis
Chapter 13 South America Oral Thin Films Market Analysis
Chapter 14 Company Profiles and Key Figures in Oral Thin Films Business
Chapter 15 Global Oral Thin Films Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
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