Drugs can be delivered locally or systemically to the nasal cavities via nasal sprays. To address issues including allergic rhinitis and nasal congestion, they are administered locally. When a medication is inhaled through the nose, the nasal mucosa absorbs it rather than the respiratory tract. It is advertised as an alternative, non-invasive delivery method that may be used for both local and systemic treatment. It is especially useful for administering drugs that are heavily digested or unstable in the GI (gastrointestinal) medium.
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Impact
Up to September 22, 2022, approximately 610 million coronavirus (COVID-19) cases and 6.51 million fatalities worldwide were recorded, according to the World Health Organization’s Coronavirus (COVID-19) Weekly Epidemiological Update.
The financial standing of companies in all industries, including the private healthcare sector, has been harmed by the COVID-19 outbreak and lockdown in several nations throughout the world. Transporting and distributing medical supplies is a difficulty in a number of nations, including Thailand, Indonesia, and Singapore.
Nevertheless, the COVID-19 pandemic has accelerated study and development of the use of nasal spray for coronavirus infection treatment and prevention. This is aiding in market expansion, which is anticipated to accelerate the growth of the U.S. nasal spray market throughout the course of the projected year. For instance, researchers from the University of Pennsylvania and Regeneron, a biotechnology business, declared in 2021 that they were working together and exploring the possibility of creating a nasal spray that will guard against exposure to the novel coronavirus using technology developed for Adeno-Associated Virus (AAV) gene therapy.
The US Nasal Spray Market is anticipated to reach a value of US$ 9,272.8 Mn in 2022 and grow at a 6.8% CAGR during the projected period (2022-2030).
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Over the course of the forecast period, an increase in allergic rhinitis cases is anticipated to drive market expansion for nasal sprays in the United States. For instance, according to the Asthma and Allergy Foundation of America, nearly 24 million Americans (including 8.2% of adults and 5.2% of children) were diagnosed with seasonal allergic rhinitis (hay fever) in 2018. In 2018, white kids showed a greater frequency of hay fever than black kids did.
Competitive Landscape
Neurelis, Inc., GlaxoSmithKline plc, Church & Dwight Co., Sanofi S.A., NeilMed Pharmaceuticals Inc., Inc., Bayer AG, AstraZeneca Plc., Merck & Co., Inc., Procter & Gamble, Novartis AG, Johnson & Johnson Services, Inc., and Pfizer Inc. are significant market participants in the United States.
Reasons to buy this U.S. Nasal Spray 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.
☑ U.S. Nasal Spray 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 U.S. Nasal Spray 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 U.S. Nasal Spray Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: U.S. Nasal Spray Industry Impact
Chapter 2 U.S. Nasal Spray Competition by Types, Applications, and Top Regions and Countries
2.1 U.S. Nasal Spray (Volume and Value) by Type
2.3 U.S. Nasal Spray (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 U.S. Nasal Spray Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 Company Profiles and Key Figures in U.S. Nasal Spray Business
Chapter 6 U.S. Nasal Spray Market Forecast (2022-2028)
Chapter 7 Conclusions
Research Methodology
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Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
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