Nasal Gels Market Segmented By product type such as Decongestant, Steroidal Nasal gel, Saline Nasal gel, Antihistamines, Corticosteroids with application such as Nasal Congestion, Central Nervous System, Vaccination, Hormonal Therapy and Cardiovascular
Industry: Healthcare
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32248
The inner lining of the nasal passages usually needs to be kept moist to maintain normal function. This layer of mucus can lubricate the nose, allowing less air friction as we breathe. It can also prevent any bacterial growth and infection as a result of sinus.
Nasal mucus also maintains a healthy membrane and prevents excessive bleeding. Nasal gels are used locally for conditions such as rhinitis, migraine, colds, pain and nasal congestion.
In recent years nasal gels have shown to be the better dosage form for a number of medications such as system delivery, medications, CNS delivery and more. And nasal gels have shown better patient compliance with lower production costs compared to parental production.
According to American Academy of Allergy Asthma and Immunology worldwide, allergic rhinitis affects between 10% and 30 % of the population. Roughly 13% of people 18 and over in the U.S. have sinusitis. Children have been greatly affected by allergy in past few years.
Covid -19 has given rise to develop nasal gel and other technology which can be effective in resisting SARS-COV-2. There are few companies which have nasal gels in pipeline to mitigate the SARS-COV-2 levels. The significant decline in hospital visits could impact the other uses of nasal gel dosage form.
The increasing rate of pollution, changing lifestyles, increase in geriatric population, and increase in adoption rate of non-invasive product is expected to increase demand for nasal gels market during the forecast period. Patient compliance for the nasal route will boost the nasal gels market. Increase in research and development is expected to increase investments in global nasal gels market are the favourable scenarios.
The shift of focus in non-invasive delivery of drugs and affordable price will lead to nasal gels market expansion during the forecast period. Increasing pollution and changing lifestyle will lead to nasal gels market growth. Nasal gels used as an alternative route for few categories of drugs will continue increasing the nasal gels market.
Nasal gels are majorly used for nasal allergy for which nasal gels are greatly effective and easy to use, providing faster relief. This will continue increasing nasal gels market in forecast period. Covid-19 will act as catalyst for the nasal gels market
However, stringent regulatory policies may act as restraint for the growth of nasal gels market.
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The decongestant product type nasal gels is expected to generate higher revenue for nasal gels market due to increasing cases of nasal allergy. Nasal congestion application for nasal gels will continue to remain high in demand. However, vaccination and hormonal therapy are expected to grow during the forecast period due to ease of administration compared to intravenous route.
Whereas, suction devices will observe a significant rise in demand in nasal gels market with the adoption of the latest technology. Hospitals and homecare setting are leading end-user in nasal gels market.
North America is expected to dominate the global nasal gels market with an increased rate of product development and commercialization in the region during the forecast period. Increased investment towards research and development makes Europe the second leading region in global nasal gels market.
Asia-Pacific region with the rise in healthcare expenditure is expected to observe a significant growth in global nasal gels market in the coming decade. The Middle East and Africa will observe less growth for global nasal gels market with less product penetration due to poor health infrastructure in the region.
Some key players contributing global nasal gels market are Ayr Saline Nasal Gel., Pendopharm, Schülke & Mayr GmbH, Rhinase Nasal Gel, Boroleum Ointment and others.
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