NEW YORK, United States, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Oral Spray Market By Application (Skincare Products, Medicine, Nutraceuticals, Cannabis & CBD Products, And Others), By Type (Drug Oral Spray And Daily Oral Care Spray), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the global oral spray market size was worth around USD 437.15 million in 2022 and is predicted to grow to around USD 497.82 million by 2030 with a compound annual growth rate (CAGR) of roughly 1.64% between 2023 and 2030.”
Oral Spray Market Overview:
The oral spray industry is concerned with the manufacture and distribution of oral spray for the delivery of chemicals or substances into the body. These devices are used to spray liquid formulations of active chemicals or medicines into the mouth so that the mucous membrane in the mouth and throat area can immediately absorb the vital drug. Oral sprays are employed in many different industries. In the pharmaceutical industry, for example, oral sprays are used to administer medication such as pain relievers, allergy drugs, and oral health products directly into the patient's circulation via the oral mucosa. Oral sprays are becoming increasingly popular in the nutraceutical industry for providing vitamins, minerals, botanical extracts, and dietary supplements. Because of the numerous benefits connected with oral spray, the business has seen substantial expansion in recent years.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- Around 221+ Pages Research Report (Including Recent Research)
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter's 5 Forces Analysis
- Zion Market Research Methodology
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 437.15 Million |
| Market Forecast in 2030 | USD 497.82 Million |
| Growth Rate | CAGR of 1.64% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | OraCoat, Sunstar Group, Johnson & Johnson, GlaxoSmithKline plc, Merck & Co. Inc., Pfizer Inc., Church & Dwight Co. Inc., Allergan plc, Perrigo Company plc, Procter & Gamble Co., Reckitt Benckiser Group plc, Dr. Fresh LLC, Xlear Inc., EUSA Pharma, Prestige Consumer Healthcare Inc., Life Extension, Dr. Reddy's Laboratories Ltd., Wockhardt Ltd., Dynarex Corporation, Comvita Ltd., Geo Pharma LLC, Primex Pharmaceuticals AG, Hikma Pharmaceuticals PLC, GSK Consumer Healthcare, and Teva Pharmaceuticals Industries Ltd. |
| Segments Covered | By Application, By Type, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Key Insights from Primary Research
- The oral spray market is projected to grow at a significant rate due to the higher convenience and ease of use
- Based on application segmentation, medicine was predicted to show maximum market share in the year 2022
- As more players try with oral sprays, segmental growth may accelerate. In 2022, the global mouth freshener market, of which oral spray is a major component, was estimated to be worth more than USD 18 billion.
- Based on type segmentation, drug oral spray was the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
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Oral Spray Market: Growth Drivers
- Convenience and ease of use to drive market growth
The global oral spray market is expected to expand because to the convenience and ease of use provided by oral sprays across applications. They are more user-friendly in terms of delivering chemicals into the body. Consumers are not required to take pills or capsules, which some individuals dislike and others are unable to consume for a variety of reasons. As a result, for such people, oral sprays become more tempting, while pills become difficult to swallow. Furthermore, these devices are intended to transfer active chemicals directly into the bloodstream via the mouth mucosa. When compared to traditional ways of dosage delivery, this results in better bioavailability and faster absorption. Rapid absorption results in a faster commencement of effect and is thus more desirable, particularly for administering painkillers and allergy drugs. The timing of action initiation is critical for these drugs.
Oral Spray Market: Segmentation
The global oral spray market is segmented based on application, type, and region.
Based on application, the global market segments are skincare products, medicine, nutraceuticals, cannabis & CBS products, and others. The highest industry growth was observed in the medicine segment as oral sprays are commonly used to deliver several medicines including throat sprays and oral healthcare products.
Based on type, the global market divisions are drug oral spray and daily oral care spray, The drug oral spray segment had a larger oral spray market share in 2022. They are used to deliver medications and pharmaceutical substances that have wide adoption in the healthcare sector.
Browse the full “Oral Spray Market By Application (Skincare Products, Medicine, Nutraceuticals, Cannabis & CBD Products, And Others), By Type (Drug Oral Spray And Daily Oral Care Spray), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/oral-spray-market
Regional Analysis:
- North America will experience the most significant growth
The global oral spray market is expected to develop the fastest in North America, owing to factors such as increased product penetration and consumer awareness. Furthermore, healthcare infrastructure in the United States and Canada is highly developed, with the majority of the population having access to basic medical treatment. Oral spray products have become a vital aspect of maintaining oral hygiene for the majority of the regional population, thanks to continuous campaigns by governments and regional healthcare agencies to educate the public about preventative care.
Furthermore, there is an increasing need for non-invasive medication delivery systems, which may lead to increased use of oral spray for medicine delivery. Latin America is a developing market for the business, and factors such as rising healthcare expenditure and increased awareness of non-invasive medication delivery systems may contribute to a faster development rate.
Competitive Players:
The report contains qualitative and quantitative research on the global Oral Spray market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global Oral Spray market include;
- OraCoat
- Sunstar Group
- Johnson & Johnson
- GlaxoSmithKline plc
- Merck & Co. Inc.
- Pfizer Inc.
- Church & Dwight Co. Inc.
- Allergan plc
- Perrigo Company plc
- Procter & Gamble Co.
- Reckitt Benckiser Group plc
- Dr. Fresh LLC
- Xlear Inc.
- EUSA Pharma
- Prestige Consumer Healthcare Inc.
- Life Extension
- Dr. Reddy's Laboratories Ltd.
- Wockhardt Ltd.
- Dynarex Corporation
- Comvita Ltd.
- And others.
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Recent Industry Developments:
- In February 2023, Arlak Biotech, an Indian pharmaceutical company, launched Melatonin oral spray. The spray is a much-awaited product since it is highly effective. It actively supplements the body’s production of melatonin which promotes better sleep. People struggling with falling asleep are likely to be hugely impacted by the product launch. It can also be used to adjust to new sleeping patterns or stay asleep for a longer duration
- In January 2023, MGC Pharma and HempStreet entered a collaboration to launch ArtemicC, a mouth spray that can actively minimize symptoms related to Covid-19. The product is a nutraceutical mouth spray and has been reported to improve recovery periods in Covid-19 patients. MGC Pharma has been at the forefront of developing cannabis and other phytopharmaceuticals based polyherbal formulations
The global oral spray market is segmented as follows:
By Application
- Skincare Products
- Medicine
- Nutraceuticals
- Cannabis & CBD Products
- Others
By Type
- Drug Oral Spray
- Daily Oral Care Spray
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key questions answered in this report:
- What is the market size and growth rate forecast for Oral Spray industry?
- What are the main driving factors propelling the Oral Spray Market forward?
- What are the leading companies in the Oral Spray Industry?
- What segments does the Oral Spray Market cover?
- How can I receive a free copy of the Oral Spray Market sample report and company profiles?
What the Report Offers:
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market
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