Rapid development in the medical field and pharmaceutical industry is leading to the introduction of highly effective and innovative modes of drug administration systems for treating various medical conditions. Nasal drug delivery system is utilized for the treatment of local infections such as allergies, sinusitis, rhinitis, and others in the nasal course or paranasal sinuses.
The report published by Market Research Future (MRFR) states that the Middle East and Africa nasal drug delivery market is marked to exhibit noteworthy expansion at a CAGR of 8.1% during the forecast period of 2015-2022 and reach the market valuation of USD 1.59 Bn by the end of the assessment period form USD 1 Bn in the year 2015. High prevalence of viral infections that causes blockage of the nasal cavity and respiratory disorders are inducing high demand for advanced treatment in the global market, leading to the expansion of the Middle East and Africa nasal drug delivery market.
Increased availability of treatment solutions and proliferation in government initiative to provide treatment in the remote areas due to high unmet medical needs of the population in these areas are also propelling the growth of the Middle East and Africa nasal drug delivery market during the assessment period.
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Competitive Analysis:
Some of the major players profiled by Market Research Future (MRFR) that are operating in the global drug delivery market are Novartis AG, Pfizer, Inc., Sanofi-Aventis, GlaxoSmithKline Plc, Merck & Co., Inc., AptarGroup Inc., Johnson & Johnson Services, Inc., Becton Dickson & Company and others. The players in the Middle East and Africa nasal drug delivery market are focusing on the expansion of their business on a global level by increasing research expenditure for the development of advanced treatment solution and innovative modes of drug administration. Initiatives such as strategically planned mergers and acquisitions are aiding the players to sustain the competition and retain their dominance over the Middle East and Africa nasal drug delivery market during the assessment period.
Segmental Analysis:
The Middle East and Africa nasal drug delivery market is segmented on the basis of dosage form, system, delivery technology, and therapeutic applications. Based on dosage form, the Middle East and Africa nasal drug delivery market has been segmented into drops, sprays, powder, gels, and ointments. Based on system, the Middle East and Africa nasal drug delivery market has been segmented into unit dose, multi-dose, and metered dose. Based on delivery technologies, the Middle East and Africa nasal drug delivery market has been segmented into spray, nebulizers and other. Based on therapeutic applications, the Middle East and Africa nasal drug delivery market has been segmented into rhinitis, congestion, vaccinations and others.
Regional Analysis:
Geographically, the Middle East and Africa nasal drug delivery market has been segmented into six major countries such as the UAE, Egypt, Saudi Arabia, Kuwait, Qatar, and Oman. Among these, the nasal drug delivery market in the UAE commands the major share of the Middle East and Africa nasal drug delivery market owing to the presence of well-developed healthcare infrastructure, high healthcare expenditure by the population of this area, increasing availability of vaccinations and other treatment options and high demand for advanced mode of drug administration in this country. Egypt commands the second largest share of the Middle East and Africa nasal drug delivery market owing to the increasing awareness regarding the availability of treatments for nasal infections, presence of developed healthcare sector as this country attracts a large number of international tourists who require proper healthcare and proliferation in government initiative to provide optimum healthcare solutions in this country. Low penetration of healthcare facilities and lack of awareness in the remote areas of the Africa region are leading to the slow growth of the nasal drug delivery market in this region. However, increased government support for providing healthcare facilities in such areas due to high unmet medical needs of the population is contributing to the expansion of the nasal drug delivery market in this region.
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