U.S. Nasal Spray Market, by Type (Prescription based(Branded, Generic), Over-The-Counter(Branded, Generic)), by Product Type ((Prescription based [Steroid Sprays{ Beclomethasone, Azelastine Hydrochloride And Fluticasone Propionate, Flunisolide, Mometasone Furoate , Fluticasone, Triamcinolone Acetonide , Budesonide, Others }], [Antihistamine Sprays {Azelastine, Olopatadine Hydrochloride}], [Decongestant Sprays], [Others {Ipratropium Bromide, Naloxone, Others}]) (Over-the-Counter [Steroid Sprays {Fluticasone, Triamcinolone, Budesonide}] [Decongestant Sprays{Oxymetazoline, Phenylephrine, Xylometazoline}], [Saline Nasal Spray], Others)) by Indication (Allergic Rhinitis, Nasal Allergies, Nasal Congestion, Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
A nasal spray is a medication that is sprayed into the nostril in a fine mist from a container. Nasal sprays are used locally to treat problems such as nasal congestion and allergic rhinitis. In some cases, the nasal delivery route is used for systemic therapy since it is a more pleasant alternative to injections or pills. When ingested directly through the nose, substances can be absorbed very quickly.
Market Dynamics
Increase in number of acquisitions between market players is expected to boost the U.S. nasal spray market growth over the forecast period. For instance, in October 2018, Emergent BioSolutions, a U.S. based biopharmaceutical company announced acquisition of Adapt Pharma, a pharmaceutical company, developing therapeutic treatments for patients with special medical conditions and its flagship product NARCAN (naloxone HCl) Nasal Spray. NARCAN (naloxone HCl) is first and only intranasal form of naloxone approved by the U.S. Food and Drug Administration (FDA) and Health Canada, for the emergency treatment of known or suspected opioid overdose.
Increasing number of product launches by market players are expected to bolster growth of the U.S. nasal spray market. For instance in December 2021, Sandoz, a global company in generic and biosimilar medicines, announced the launch of its authorized generic Narcan (naloxone hydrochloride) Nasal Spray 4mg in the U.S. indicated to reverse opioid overdose. People in the U.S. can buy it from retail pharmacies and other facilities, like hospitals.
Market players are engaged in nasal spray launching in U.S. are expected to drive growth of market over the forecast period. For instance, on August 31 2022, Glenmark Pharma, a multinational pharmaceutical company, launched Ryaltris nasal spray for allergic rhintis in the U.S. It will be distributed by Hikma Pharmaceuticals, a British Pharmaceutical company in the US. Ryaltris is the only-approved fixed-dose combination therapy for seasonal allergic rhinitis in the US market.
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