Dublin, May 30, 2023 (GLOBE NEWSWIRE) -- The "Oral Thin Films Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global oral thin films market grew from $3.58 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The oral thin films market is expected to grow to $6.22 billion in 2027 at a CAGR of 11.7%.
Major players in the oral thin films market are ZIM Laboratories, NAL Pharma, Cure Pharmaceutical, IntelGenx Corp, Kyu Kyu Pharmaceutical Co Ltd., Seoul Pharmaceuticals, CL Pharm, Aquestive Therapeutics Inc., Shilpa Therapeutics Pvt Ltd., Sunovion Pharmaceuticals Inc., Solvay, LTS Lohmann Therapie-Systeme AG, Mylan Inc., LIVKON Pharmaceuticals Pvt. Ltd., and ARx, LLC.
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The oral thin films market consists of sales of orally disintegrating and orally dissolving films. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
An oral thin film (OTF) is a very thin polymeric film that is applied in the mouth. The purpose of oral thin film (OTF) is to deliver therapeutic substances into the oral cavity or the stomach tract, where they are absorbed and transported directly to the circulatory system.
North America was the largest region in the oral thin film market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oral thin film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of oral thin films include sublingual film and fast dissolving dental/buccal film. The sublingual film refers to oral thin films that rapidly dissolve under the tongue and are quickly absorbed by blood with the help of tissue. It is used to treat patients who are recovering from opioid misuse disorder. These oral thin films are used in the treatment of schizophrenia, migraine, opioid dependence, nausea, and vomiting. They are sold through hospital pharmacies, retail pharmacies, and other distribution channels.
Rising demand for thin-film drug delivery systems is propelling the growth of the oral thin film market. Thin films have been identified as a potential alternative to standard dosage forms. It is a convenient, self-administrable, and fast-dissolving dosage form for the delivery of medications, which makes it a versatile drug delivery platform. Thin films are taken orally and do not require water to swallow to absorb a drug. OTF is more patient-friendly due to its rapid dissolution rate.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $3.99 billion |
| Forecasted Market Value (USD) by 2027 | $6.22 billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Oral Thin Films Market Characteristics
3. Oral Thin Films Market Trends And Strategies
4. Oral Thin Films Market - Macro Economic Scenario
4.1. COVID-19 Impact On Oral Thin Films Market
4.2. Ukraine-Russia War Impact On Oral Thin Films Market
4.3. Impact Of High Inflation On Oral Thin Films Market
5. Oral Thin Films Market Size And Growth
5.1. Global Oral Thin Films Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Oral Thin Films Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Oral Thin Films Market Segmentation
6.1. Global Oral Thin Films Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Sublingual Film
- Fast Dissolving Dental/Buccal Film
6.2. Global Oral Thin Films Market, Segmentation By Disease Indication, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Schizophrenia
- Migraine
- Opioid Dependence
- Nausea & Vomiting
- Other Disease Indication
6.3. Global Oral Thin Films Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hospital Pharmacies
- Retail Pharmacies
- Other Distribution Channels
7. Oral Thin Films Market Regional And Country Analysis
7.1. Global Oral Thin Films Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Oral Thin Films Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/ftxdbp
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