Unmet medical demands, a growing generic market, a focused focus on healthcare costs, the launch of new pharmaceuticals, and other factors are driving ongoing change in the global pharmaceutical industry. Systems or equipment for pharmaceutical metered nasal spray have been established for more than 40 years.
More than 300 million people worldwide suffer from illnesses such allergic rhinitis and nasal obstruction, which are treated with these. The prevalence of respiratory illnesses is rising as the problem with air pollution gets worse. The two main contributors to these ailments are a growth in industry and the number of vehicles on the road.
The market for electronic nasal spray devices has seen the introduction of a number of innovative products recently, including “Instanyl DoseGuard,” the first integrated electronic nasal spray lockout device (e-Lockout) from Aptar Pharma, which received approval from the European Medicines Agency. A leading manufacturer of drug delivery systems worldwide is Aptar Pharma. (EMA). It was developed in conjunction with Takeda Pharmaceuticals.
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Market Dynamics :
The market for electronic nasal spray devices is being driven by an increase in awareness of respiratory-related gadgets and air pollution in major cities throughout the world. The tech-savvy millennial generation is demanding clever fixes for health-related issues. As semiconductor technology gets more affordable, it is anticipated that the market for electronic nasal spray devices would benefit.
The market for electronic nasal spray devices is expanding at a healthy rate because to rising middle class populations and disposable income levels. Despite being inexpensive, manual or mechanical nasal spray dispensers and pumps are ineffective at accurately measuring dosages or keeping track of daily quantities.
Electronic nasal spray devices in contrast to manual nasal spray dispensers are more accurate and more efficient. Electronic nasal spray dispensers also helps in keeping count of dosages, which helps in avoiding the habit making for dosages and maintain proper patient dosage prescriptions.
Increasing government regulations on medical devices & healthcare sector on approvals from authorized industry bodies, exports, imports etc. are expected to restrain the growth of electronic nasal spray device market growth with average impact. The research & development investments in medical systems industry have grown twofold in the last decade, which is expected to positively impact on the electronic nasal spray device market.
Market Segmentation:
The electronic nasal spray devices market is segmented on the basis of technology and end-use. On the basis of technology, the global electronic nasal spray devices market is segmented into unit dose systems, and multi dose systems. Based on the end use global electronic nasal spray devices market is segmented into child electronic nasal spray devices and adult electronic nasal spray devices.
The child electronic nasal spray device market is expected to dominate the global market by end use. Multi dose electronic nasal spray device segment is expected to dominate the overall market by technology. Overall the market is expected to expand at a lucrative compound annual growth rate (CAGR).
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Regional outlook:
Electronic nasal spray devices market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. North America is expected to dominate the overall global electronic nasal spray devices market, with U.S. as a major contributor.
This is due to United States dominating medical device & healthcare market. Western Europe is expected to stand at second place by electronic nasal spray devices market. France, Germany & U.K are major contributors in Western Europe. China is driving the APEJ electronic nasal spray devices market.
Eastern Europe & Latin America are expected to pose attractive market opportunity during the forecast period. APEJ emerging economies growing middle class population, economic growth and rising awareness about health care is expected to drive the region’s electronic nasal spray device market.
Key players:
Some of the players in the global electronic nasal spray devices market are Aptar Group, Catalent, Inc., Air Liquide Group, Curida AS, Lanaform SA, Safety 1st and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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