Thin Film Drugs Market size, share and growth
Thin Film Drugs market is anticipated to grow at 9.00% CAGR from 2018 to 2023 and it is estimated that the global market was valued at USD 18.98 billion in 2018 and is expected to reach USD 29.2 billion by 2023.
Thin Film Drugs Market Overview:
Thin Film Drugs market is anticipated to grow at 9.00% CAGR from 2018 to 2023 and it is estimated that the global market was valued at USD 18.98 billion in 2018 and is expected to reach USD 29.2 billion by 2023. Thin film drugs are made of hydrophilic polymers that readily dissolve on the buccal cavity. These drugs are administered orally and enter the systemic circulation of the body upon absorption on the tongue.
Thin Film Drugs Market Drivers and Restraints:
The growing demand for efficient drug delivery systems has amplified the uptake of thin film drugs due to their efficiency and effectiveness. The convenience of transportation and storage has encouraged patients to opt for these drugs. Thin film drugs also permit precise dosages to accomplish desired outcomes and thereby aid the market growth. The growing investments in research and development of newer polymeric thin films as a method of drug deliver has also invigorated the market growth. Thin film drugs are poised to gain attention in the healthcare industry as eliminate the drawbacks associated with conventional forms of dosages such as inconvenience of administration, lower bioavailability, and patient non-compliance among others.
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Report segmented as
• Oral Thin Film (Sublingual Film And Fully Dissolving Dental/Buccal Film)
• Transdermal Thin Film
By Disease Indication:
• Opioid Dependence
• Nausea And Vomiting
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Geographical Analysis of Thin Film Drugs Market:
On the basis of geography, the Thin Film Drugs market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the largest share of the Thin Film Drugs market owing to factors such as advancements in pharmaceutical research coupled with extensive investments in research and development. Moreover, a steadily rising demand of novel drug delivery is further expected to aid the growth of the regional market.
Important Key Players of Thin Film Drugs Market:
The market is dominated by companies like Pfizer Inc., Novartis AG, Wolters Kluwer, Solvay, Allergan plc., Sumitomo Dainippon Pharma Co. Ltd., Indivior Plc., MonoSol Rx, IntelGenx Corp., ZIM Laboratories Limited, and IntelGenx Corp.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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