Oral Transmucosal Drugs Market - By Product Type (Tablet, Film, Liquid & Spray), Route of Administration, Indication (Opioid Dependence, Nausea & Vomiting, Erectile Dysfunction, Neurological Disorders), Distribution Channel & Forecast, 2024 – 2032
Report ID: GMI8477
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 306
Countries covered: 22
Pages: 180
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Oral Transmucosal Drugs Market Size
Oral Transmucosal Drugs Market was valued at around USD 34.3 billion in 2023 and is expected to register a CAGR of 6.7% during the forecast period. The market is expected to experience growth driven by the increasing prevalence of chronic diseases coupled with the rising demand for oral transmucosal drugs.
The increasing prevalence of chronic diseases presents a significant concern, as an increasing number of individuals grapple with persistent health conditions that are typically incurable. Factors such as genetic predisposition, sedentary lifestyles, and an aging population, among others, are contributing to this trend. According to the Centers for Disease Control and Prevention (CDC), chronic diseases like heart disease, cancer, and diabetes are the primary causes of death and disability in the U.S., accounting for a substantial portion of the nation's annual healthcare expenditure, estimated at USD 4.1 trillion. In 2021, coronary heart disease (CHD) alone claimed 375,476 lives in the U.S., establishing it as the most prevalent form of heart disease. Consequently, the rising prevalence of chronic diseases is expected to drive growth in the oral transmucosal drugs market.
Oral transmucosal drugs are medications designed to be administered through the mucous membranes lining the mouth. This route of administration allows for rapid absorption of the drug into the bloodstream, bypassing the gastrointestinal tract and avoiding first-pass metabolism in the liver.
Oral Transmucosal Drugs Market Trends
Advancements in drug delivery technologies have revolutionized the field of medicine, offering more efficient and targeted ways to administer medications.
Oral Transmucosal Drugs Market Analysis
Based on product type, market is segmented into tablets, films, liquid & spray, and other product types. The tablets segment held leading revenue share in 2023 and is anticipated to reach USD 30.1 billion by 2032.
Based on route of administration, the oral transmucosal drugs industry is segmented into sublingual mucosa, buccal mucosa, and other route of administrations. The sublingual mucosa segment held leading revenue share in 2023 and is anticipated to reach USD 29.6 billion by 2032.
The oral transmucosal drugs market by indications is categorized into opioid dependence, nausea and vomiting, erectile dysfunction, neurological disorders, and other indications. The opioid dependence segment dominates the market with the revenue around USD 12.2 billion in 2023.
The global market by distribution channel is categorized into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominates the market with the revenue around USD 15.3 billion in 2023.
North America oral transmucosal drugs market accounted for USD 13.5 billion revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
Oral Transmucosal Drugs Market Share
The oral transmucosal drugs industry is fragmented in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced product based on different technologies is among a key market strategy.
Oral Transmucosal Drugs Market Companies
Some of the eminent market participants operating in the oral transmucosal drugs industry include:
Oral Transmucosal Drugs Industry News:
Oral transmucosal drugs market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product Type
Market, By Route of Administration
Market, By Indication
Market, By Distribution Channel
The above information is provided for the following regions and countries: