Market research reports, consulting: Global Market Insights Inc.

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Oral Transmucosal Drugs Market Size

Report ID: GMI8477 Published Date: March 2024Report Format: PDF
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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.

 

Oral Transmucosal Drugs Market

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.

Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

How big is North America oral transmucosal drugs industry?+

North America market accounted for USD 13.5 billion in 2023 and is poised to grow at a notable rate from 2024-2032 owing to the increasing prevalence of diabetes in North America.

Which are the major firms operating in the oral transmucosal drugs market? +

Some of the leading companies engaged in the industry are Aquestive Therapeutics, Inc, C.L.Pharm Co., Ltd., Cure Pharmaceutical., IntelGenx Technologies Corp, Jazz Pharmaceuticals, plc., NAL Pharma, Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Limited., and ZIM Laboratories Limited.

Why is the demand for oral transmucosal tablets increasing?+

Oral transmucosal drugs industry share from the tablets segment is anticipated to generate USD 30.1 billion by 2032 owing to the convenience and ease of administration offered by tablets contributing significantly to improved patient compliance.

What is the size of the oral transmucosal drugs market?+

Market Size for oral transmucosal drugs was worth around USD 34.3 billion in 2023 and is set to record around 6.7% CAGR from 2024-2032 driven by the increasing prevalence of chronic diseases coupled with the rising demand for oral transmucosal drugs.

Oral Transmucosal Drugs Market Scope

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