Administration of drug in form of liquid, semisolid and solid formulation through nasal route is termed as nasal drug delivery mode. It is used as a form of treatment of infection in the paranasal sinuses such as allergic & non-allergic sinusitis & rhinitis.
Global Nasal Drug Delivery Mode Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Nasal Drug Delivery Mode market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Global Nasal Drug Delivery Mode Market Analysis, 2020”, the Global Nasal Drug Delivery Mode market is anticipated to grow at a CAGR of around 6.4% during 2020-25F. Based on dosage form, the spray segment acquired the majority market share in 2019 due to a significant rise in the number of patients suffering from chronic rhinitis which further leads to swelling, congestion, irritation in the nasal mucosa, and runny nose. Moreover, the introduction of new products in the nasal spray domain for easy administration, rising adoption of self-administration practices, and growing awareness about nasal sprays and their benefits are expected to fuel the demand for nasal sprays which are also actively used for shrinking blood vessels in the nose.
Homecare Setting Acquired Significant Market Share
Based on end-user, homecare setting acquired the largest market share in 2019. The growth is attributed to the rising inclination of patients toward self-administration practices of drugs, the burgeoning number of patients suffering from rhinitis and the escalating usage of nasal powders and sprays which not only saves time and money but also reduces healthcare costs incurred by the patient. Therefore, this is anticipated to strongly contribute toward the growth of the Nasal Drug Delivery Mode market globally in the near future as stated in the MarkNtel Advisors’ research report “Global Nasal Drug Delivery Mode Market Analysis, 2020”.