Oral Dissolving Film Market – Industry Trends and Forecast for period from 2024 to 2031
The "Oral Dissolving Film Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Oral Dissolving Film market is anticipated to grow at an annual rate of 11.7% from 2024 to 2031.
This entire report is of 109 pages.
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Oral Dissolving Film Market Analysis
The Oral Dissolving Film market research report provides insights into the current market conditions, with a focus on the rapidly growing demand for this innovative drug delivery technology. Oral Dissolving Film is a thin strip that dissolves in the mouth, allowing for quick absorption of medication. The target market for Oral Dissolving Film includes patients with swallowing difficulties, children, and geriatric population. Major factors driving revenue growth in this market include convenience, ease of administration, and faster onset of action. Companies such as Aquestive Therapeutics, Kyukyu Pharmaceutical, and BioDelivery are leading players in the market, leveraging their expertise in pharmaceutical technology. The report's main findings highlight the increasing adoption of Oral Dissolving Film and offer recommendations for companies to capitalize on this trend by focusing on product innovation and strategic partnerships.
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The oral dissolving film market is witnessing significant growth, with a variety of types such as oromucosal film and orodispersible film catering to different needs. These films are used in hospitals and clinics, drug stores, and e-commerce platforms, making them easily accessible to consumers. The market is segmented based on these applications, allowing for targeted marketing strategies.
In terms of regulatory and legal factors, the market conditions are stringent due to the need for safety and efficacy of these films. Regulations regarding quality control, labeling, and marketing are closely monitored to ensure compliance with standards. The market also faces challenges such as patent protection and competition from other drug delivery methods. Overall, the oral dissolving film market is poised for growth due to its convenience, effectiveness, and ease of use for consumers. As companies continue to innovate and invest in research and development, the market is expected to expand further in the coming years.
Top Featured Companies Dominating the Global Oral Dissolving Film Market
The oral dissolving film market is highly competitive with several key players vying for market share. Some of the prominent companies operating in this market include Aquestive Therapeutics, Kyukyu Pharmaceutical, BioDelivery (BDSI), IntelGenx, Tapemark, Shilpa Therapeutics, CL Pharm, Lubrizol Life Science, Adhex Pharma, DK Livkon, Arx Pharma, Aavishkar, ZIM Laboratories, Umang Pharmaceuticals, and Cure Pharmaceutical.
These companies utilize oral dissolving films for various applications such as delivering medications, nutritional supplements, and even cosmetic products. Aquestive Therapeutics, for example, focuses on developing oral films for the treatment of central nervous system disorders and other conditions. Kyukyu Pharmaceutical specializes in oral films for drug delivery in the Japanese market.
These companies help grow the oral dissolving film market by investing in research and development to improve the efficacy, taste, and convenience of these films. They also collaborate with pharmaceutical companies to co-develop innovative products and expand their market reach.
In terms of sales revenue, Aquestive Therapeutics reported a revenue of $ million in 2020. BioDelivery (BDSI) generated a revenue of $123.6 million in the same year. ZIM Laboratories reported a revenue of $32.6 million in 2020.
Overall, the oral dissolving film market is expected to witness significant growth as these companies continue to innovate and introduce new products to cater to the increasing demand for convenient and effective drug delivery systems.
- Aquestive Therapeutics
- Kyukyu Pharmaceutical
- BioDelivery(BDSI)
- IntelGenx
- Tapemark
- Shilpa Therapeutics
- CL Pharm
- Lubrizol Life Science
- Adhex Pharma
- DK Livkon
- Arx Pharma
- Aavishkar
- ZIM Laboratories
- Umang Pharmaceuticals
- Cure Pharmaceutical
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Oral Dissolving Film Segment Analysis
Oral Dissolving Film Market, by Application:
- Hospitals and Clinics
- Drug Stores
- E-commerce
Oral Dissolving Film is used in hospitals and clinics for efficient and convenient administration of medication to patients, especially those who have difficulty swallowing pills. Drug stores sell these films as over-the-counter medications for consumers to use at home. E-commerce platforms also offer a wide range of oral dissolving films for easy purchase and delivery. The fastest growing application segment in terms of revenue is in hospitals and clinics, where the demand for convenient and easy-to-administer medication is increasing due to the aging population and rising prevalence of swallowing difficulties.
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Oral Dissolving Film Market, by Type:
- Oromucosal Film
- Orodispersible Film
Oral dissolving films come in two main types: oromucosal films and orodispersible films. Oromucosal films are applied on the mucous membranes inside the mouth, while orodispersible films disintegrate rapidly in the mouth for quick absorption. These two types offer convenience, ease of use, and rapid delivery of medication, making them popular among patients who have difficulty swallowing pills. This has led to a rising demand for oral dissolving films in the healthcare market, as they provide a more convenient and effective alternative to traditional oral medication forms.
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Regional Analysis:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Oral Dissolving Film market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea). Among these, Asia-Pacific is projected to dominate the market with a market share of around 40%. North America and Europe are also expected to hold a significant market share of approximately 30% each. Latin America and Middle East & Africa are forecasted to account for the remaining 10% collectively.
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