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Oral Spray Market

Oral Spray Market

Oral Spray Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

250

Base Year:

2023

Date

Oct - 2024

Format:

PDF XLS PPT

Report Code:

VMR-2654

Segments Covered
  • By Type By Type Daily Oral Spray, Drug Oral Spray, Others
  • By Application By Application Medicine, Skincare Products, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Snapshot
Base YearBase Year: 2023
Forecast YearsForecast Years: 2024 - 2032
Historical YearsHistorical Years: 2018 - 2022
Revenue 2023Revenue 2023: USD 440.2 Million
Revenue 2032Revenue 2032: USD 504.3 Million
Revenue CAGRRevenue CAGR (2024 - 2032): 1.6%
Fastest Growing Region Fastest Growing Region (2024 - 2032) Europe
Largest Region Largest Region (2023): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Oral Spray Market Share

The global Oral Spray Market is valued at USD 440.2 Million in 2023 and is projected to reach a value of USD 504.3 Million by 2032 at a CAGR (Compound Annual Growth Rate) of 1.6% between 2024 and 2032. The Market is driven by rising consumer preference for convenient drug delivery, increasing demand for pain management and respiratory sprays, and growing adoption of oral hygiene products.

Key Highlights

  • In 2023, North America dominated the largest market share of 38.2%
  • By type, the drug oral spray segment is dominated the market in 2023
  • Based on Application, the medicine segment is dominated the market is 2023
  • Innovation in spray formulations, growing demand for herbal and natural products, increasing use for medical treatments, and expanding applications in oral hygiene

Oral Spray Market Size, 2023 To 2032 (USD Million)

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Type Overview

Based on type, the Oral Spray market is segmented into Daily oral care sprays, Drug oral spray, and Others. The drug oral spray segment is dominated the market in 2023.

Drug oral sprays are a form of drug delivery system where medications are administered through the oral mucosa. This method allows for rapid absorption of the drug into the bloodstream. The segment is driven by rising consumer preference for non-invasive drug delivery systems, advancements in spray technology, and growing adoption in both over-the-counter and prescription medications. Increasing demand for on-the-go solutions and patient-friendly alternatives also propels this market segment. For Instance, in July 2024, Johnson and Johnson is seeking approval for its SPRAVATO (esketamine) CIII nasal spray for treatment-resistant depression (TRD) with the submission of a supplemental new drug application (sNDA) to the US Food and Drug Administration (FDA).

Application Overview

The Application Segment is divided into Medicine, Skincare Products, Others. The medicine segment is dominated the market is 2023.

The highest industry growth was observed in the medicine segment as oral sprays are commonly used to deliver several medicines including throat sprays and oral healthcare products. They provide users with a convenient and targeted method of delivering pharmaceutical substances into the body. The oral spray industry is gaining high momentum in the nutraceutical segment as well. These are products that provide a combined benefit of nutrition and pharmaceuticals and are essential to provide health benefits that go beyond basic nutrition.

Regional Overview

In 2023, the North America is dominated the largest market share of 38.2%.

North America Oral Spray market is experiencing rapid growth, driven by factors such as deeper product penetration and higher consumer awareness rate. Moreover, the healthcare infrastructure of the US and Canada are highly advanced with the majority of the population having access to basic medical care. Additionally, the trend toward natural and herbal formulations in oral sprays aligns with consumer preferences for healthier and chemical-free alternatives, accelerating growth in both the U.S. and Canada. For instance, in January 2020, Colgate-Palmolive Company announced that it has agreed to acquire Hello Products LLC (“Hello”), one of the fastest-growing, premium oral care brands in the United States, a portfolio company of Tenth Avenue Holdings, a New York City based private, diversified holding company.

U.S. Oral Spray market is driven by increasing demand for convenient and rapid drug delivery systems across various healthcare sectors. the presence of major pharmaceutical companies and a well-established healthcare system supports the rapid adoption of oral spray products in the U.S. Rising consumer awareness about oral hygiene, combined with the growing use of oral sprays for conditions such as pain relief, respiratory issues, and dietary supplements, is driving the market forward.

Based on the provided market data, Vantage Market Research offers customizations in the reports to meet the specific needs of clients.

Key Trends

  • Growing use of natural and herbal formulations: Consumers are increasingly seeking out oral sprays made from organic, plant-based ingredients for both medicinal and oral hygiene purposes
  • Expanding applications in pain management and respiratory care: Oral sprays offer a fast-acting, non-invasive alternative to traditional medications, making them ideal for managing conditions like migraines, arthritis, and muscle pain
  • Technological advancements in spray formulations: Innovations such as micro-mist technology and advanced metered dosing systems ensure accurate and consistent delivery of medication, enhancing the effectiveness of treatments for various conditions like pain, respiratory issues, and oral hygiene

Report Coverage & Deliverables

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Market Dynamics

Convenience and ease of use to drive market growth

As consumers increasingly seek user-friendly healthcare solutions, oral sprays have emerged as a preferred alternative to traditional dosage forms like pills and syrups. Their compact size and portability make them ideal for on-the-go use, allowing individuals to manage health conditions quickly and discreetly. Their compact size and portability make them ideal for on-the-go use, allowing individuals to manage health conditions quickly and discreetly. The straightforward administration process, requiring no water or special preparation, enhances patient compliance and adherence to treatment regimens. This trend is particularly appealing to busy lifestyles and the growing demand for accessible healthcare options, thereby fueling the expansion of the oral sprays market worldwide.

Regulatory compliance

Regulatory compliance presents significant restraints in the global oral spray market, affecting the development and commercialization of these products. Manufacturers face stringent approval processes from regulatory bodies such as the FDA in the U.S. and the EMA in Europe, which require rigorous testing and can lead to lengthy and costly delays in market entry. Adherence to strict quality standards, including Good Manufacturing Practices (GMP), is essential, necessitating continuous monitoring that can strain resources. Additionally, compliance with specific labeling and packaging regulations is crucial, as any non-compliance can result in product recalls or legal repercussions.

Competitive Landscape

The Oral Spray market is characterized by dynamic and evolving environment with several key players and their ongoing advancement. Major players are Johnson and Johnson, Sunstar, Lion Corporation, Dr Fresh Inc, Galxosmithkline, Periproducts, Hello Products LLC, Oral labs, Philips. Key players are investing significantly in research and development to create advanced formulations and delivery systems that enhance the efficacy and appeal of their products. Collaborations and partnerships are also prevalent in this landscape, as companies seek to combine their strengths in technology, research, and market access.

The key players in the global Oral Spray market include - Johnson and Johnson, Sunstar, Lion Corporation, Dr Fresh Inc, GalxoSmithKline, PeriProducts, Hello Products LLC, Oral Labs, Philips among others.

Recent Market Developments

MGC Pharma and HempStreet entered a collaboration to launch ArtemicC

  • In January 2023, MGC Pharma and HempStreet have formed a collaboration to introduce ArtemicC, a mouth spray designed to actively reduce symptoms associated with Covid-19. This nutraceutical mouth spray has been reported to enhance recovery times for Covid-19 patients. MGC Pharma is a leader in the development of cannabis-based and phytopharmaceutical formulations, focusing on polyherbal solutions

The global Oral Spray market can be categorized as Type, Application, and Region.

Parameter Details
Segments Covered

By Type

  • Daily Oral Spray
  • Drug Oral Spray
  • Others

By Application

  • Medicine
  • Skincare Products
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Johnson and Johnson
  • Sunstar
  • Lion Corporation
  • Dr Fresh Inc
  • GalxoSmithKline
  • PeriProducts
  • Hello Products LLC
  • Oral Labs
  • Philips
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Vantage Market Research | 02-Oct-2024
FAQ
Frequently Asked Question
  • The global Oral Spray valued at USD 440.2 Million in 2023 and is expected to reach USD 504.3 Million in 2032 growing at a CAGR of 1.6%.

  • The prominent players in the market are Johnson and Johnson, Sunstar, Lion Corporation, Dr Fresh Inc, GalxoSmithKline, PeriProducts, Hello Products LLC, Oral Labs, Philips.

  • The market is project to grow at a CAGR of 1.6% between 2024 and 2032.

  • The driving factors of the Oral Spray include

  • North America was the leading regional segment of the Oral Spray in 2023.