According to The Insight Partners market research study of ‘Europe Nasal Delivery Devices Market Forecast to 2027 – COVID-19 Impact and Regional Analysis by drug type, delivery technologies, and end user’ the Europe nasal delivery devices market is expected to reach US$ 24,072.24 million in 2027 from US$ 15,140.36 in 2019. The market is estimated to grow with a CAGR of 6.0% from 2020-2027. The report provides trends prevailing in the Europe nasal delivery devices market and the factors driving market along with those that act as hindrances.
Based on the drug type, the Europe the nasal delivery devices market, is segmented into anaesthetics, antibiotics, pain relief drugs, calcium supplements, vasoconstrictors, antihistamines, and others. The antihistamines segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period. Antihistamines are drugs/ medication which is used in treatment of allergic rhinitis and other allergies. Several times people take antihistamines as an inexpensive, generic, over-the-counter drug that can provide relief from sneezing, nasal congestion, or hives caused by pollen, dust mites, or animal allergy with few side effects. The four intranasal histamine-1 receptor antagonist (H1-antihistamines) products that are approved for the management of rhinitis include azelastine (Astelin, Astepro), olopatadine (Patanase) and azelastine hydrochloride/fluticasone propionate (Dymista).
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- GlaxoSmithKline plc.
- Pfizer Inc.
- Merck & Co., Inc.
- Cadila Pharmaceuticals Ltd.
- Novartis AG
- Dr. Reddy’s Laboratories
The growth of the market is attributed to some key driving factors such as the rising geriatric population and government initiatives and the increasing incidences of neurological disorders. However, the market growth is likely to be hindered owing to the concerns associated with nasal drug delivery market.
GlaxoSmithKline plc., AstraZeneca, Pfizer Inc. are among the leading companies operating in the Europe nasal delivery devices market.
EUROPE NASAL DELIVERY DEVICES MARKET SEGMENTATION
By Drug Type
- Pain Relief Drugs
- Calcium Supplements
By Delivery Technologies
By End User
- Home Care Settings
- Rest of Europe
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