Over the course of the forecast period, a rising number of product launches by market participants is anticipated to drive the expansion of the U.S. nasal spray market. For instance, Amcyte Pharma, a business based in the United States dedicated to the development of state-of-the-art pharmaceutical immunology products, announced the release of its Nasitrol nasal spray for sinus irritation in the United States in November 2021.
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Additionally, the projection year is anticipated to see a rise in the number of non-profit organisations launching awareness campaigns about allergens. For instance, the World Allergy Organization (WAO) sponsored World Allergy Week from June 5 to June 11, 2022, to raise awareness of the connection between asthma and allergic airway diseases and the importance of both for patients and doctors to comprehend and manage.
Impact
The COVID-19 pandemic has disrupted distribution systems, directly impacted production and demand, and had a financial impact on businesses and financial markets, which are the three primary ways it has influenced supply and demand for healthcare items. However, the impact of the Coronavirus (COVID-19) pandemic is anticipated to support market growth for nasal spray in the United States throughout the course of the projected period. For instance, researchers at Cornell University looked into the use of antiviral nasal spray to treat COVID-19 infection on April 22, 2022. The National Institute of Allergy and Infectious Diseases helps fund some of the research (NIAID). The study found that the antiviral nasal spray may be used to treat COVID-19 and prevent the spread of SARS-CoV-2.
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Key Takeaways
Due to the rising number of product approvals by industry participants, which is anticipated to fuel the U.S. nasal spray market growth throughout the projected period, the market is anticipated to grow at a CAGR of 6.8%. For instance, the US Food and Drug Administration granted final permission for the over-the-counter usage of Nasonex 24HR Allergy in March 2022, according to Perrigo Company Plc, a producer of self-care items and over-the-counter (OTC) health and wellness solutions (Mometasone furoate monohydrate 50 mcg).
Neurelis, Inc., GlaxoSmithKline plc, Church & Dwight Co., Inc., Sanofi S.A., NeilMed Pharmaceuticals Inc., Bayer AG, AstraZeneca Plc., Merck & Co., Inc., Procter & Gamble, Novartis AG, Pfizer Inc., and Johnson & Johnson Services, Inc. are a few of the major companies active in the U.S. nasal spray market.
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- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Product Type
- Market Snippet, By Indication
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Porter’s Analysis
- Industry Trends
- Key Highlights
- Epidemiology
- Reimbursement Scenario
- Regulatory Scenario
- Product Launch and Approvals
- Acquisition and Collaboration Scenario
- Market Dynamics
- U.S. Nasal Spray Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact of COVID-19 on Demand and Supply of Nasal Spray
- Impact of COVID-19 on the Overall Healthcare Sector
- U.S. Nasal Spray Market , By Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Prescription Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Branded
- Generic
- Over-the-Counter
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Branded
- Generic
- Introduction
- U.S. Nasal Spray Market , By Product Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Prescription Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Steroid Sprays
- Beclomethasone
- Azelastine Hydrochloride And Fluticasone Propionate
- Flunisolide
- Mometasone Furoate
- Fluticasone
- Triamcinolone Acetonide
- Budesonide
- Others
- Antihistamine Sprays
- Azelastine
- Olopatadine Hydrochloride
- Decongestant Sprays (Oxymetazoline)
- Saline Nasal Sprays
- Others
- Ipratropium Bromide
- Naloxone
- Over-the-Counter
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Steroid Sprays
- Fluticasone
- Triamcinolone
- Budesonid
- Decongestant Sprays
- Oxymetazoline
- Phenylephrine
- Xylometazoline
- Saline Nasal Sprays
- Others (Cromoglicic acid (NasalCrom))
- Steroid Sprays
- Introduction
- U.S. Nasal Spray Market, By Indication, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Allergic Rhinitis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Nasal Allergies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Nasal Congestion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Introduction
- U.S. Nasal Spray Market , By Distribution Channel, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Hospitals Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Introduction
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