PUBLISHER: Value Market Research | PRODUCT CODE: 1547534
PUBLISHER: Value Market Research | PRODUCT CODE: 1547534
The global demand for Oral Thin Films Market is presumed to reach the market size of nearly USD 9.29 Billion by 2032 from USD 3.99 Billion in 2023 with a CAGR of 9.85% under the study period 2024-2032.
Oral thin films are thin, flexible films used for drug delivery that dissolve in the oral mucosa resulting in the rapid onset of action and enhanced bioavailability for drugs. The oral thin films are mainly used for geriatric, pediatric, and bedridden patients who cannot intake the solid form of the medicine. Therefore, the pharmaceutical companies are carrying out remarkable R&D to switch their existing drugs in the fast dissolving oral thin films drugs. Moreover, the application of oral thin films is not limited to buccal systems but also expands in the applications of gastroretentive and sublingual delivery systems. Therefore, the pharmaceutical industry is concentrating on shortening drug development timelines and efficient drug delivery platforms. Moreover, there is a growing demand for efficient drug delivery techniques and convenience in the transportation of the drug, which has fuelled the market in the recent past.
The oral film is made up of hydrophilic polymers that quickly dissolves on the tongue or buccal cavity, delivering the drug to the systemic circulation via dissolution when contact with liquid is made. Oral thin films have several advantages: the fast onset of action, ease of transportation, bypassing hepatic first-pass effect, and handling. In addition, these offer high bioavailability and rapid absorption for drugs. Therefore, the sublingual oral thin film is a better alternative for tablets, as it provides complete drug delivery for quick relief. Besides, people with swallowing difficulty require oral administration of drugs. Therefore, oral thin film medication is developed for swift oral administration of medicines. To improve patient compliance, various types of vaccines and hormones are developed by the market players. The use of oral thin films for preventing gastrointestinal degradation of acid-sensitive drugs will drive the global market. However, the expensive cost of treatments involving oral thin films, the requirement of vast research investment, and challenges related to drug development are hampering the market growth at the global level.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Oral Thin Films. The growth and trends of Oral Thin Films industry provide a holistic approach to this study.
This section of the Oral Thin Films market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Oral Thin Films market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Oral Thin Films market include Aquestive Therapeutics Inc., C.L. Pharm, Cure Pharmaceutical, Dr. Reddy'S Laboratories, Indivior Plc, IntelGenx Corp., Kyu Kyu Pharmaceutical Co. Ltd., DK Livkon Pvt. Ltd., NAL Pharma, Seoul Pharma Co. Ltd., Shilpa Therapeutics Pvt. Ltd., Sunovion Pharmaceuticals Inc., ZIM Laboratories Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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