Nasal Gels Market 2022
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.
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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.
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However, stringent regulatory policies may act as restraint for the growth of nasal gels market.
Market Segmentation
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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.
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