Nanoemulsions Market Size to Reach USD 19.4 Billion by 2028 – Reports and Data
The increase in awareness regarding chronic diseases and availability of nanoemulsion treatments is driving the growth of the market.
The global nanoemulsions market size is expected to reach USD 19.4 Billion by 2028, registering a CAGR of 9.5% over the forecast period, according to a new report by Reports and Data. Major factors driving market revenue growth are increasing in awareness regarding chronic diseases and rising availability of nanoemulsion treatments. Nanoemulsions are a new type of medication delivery. They are used in a wide range of applications, including DNA-encoded drugs, vaccine administration, cosmetic and topical medicines, and antibiotics. The fundamental advantage of nanoemulsions is that they minimize absorption inconsistencies, improve absorption rate, boost bioavailability, aid in lyophilic drug solubility, and provide great thermodynamic stability.
Nanoemulsions are being used to boost the solubility and bioavailability of medications that are water insoluble. Because of its improved drug solubilization capability, ease of production, extended shelf life, and improved drug bioavailability, the drug has gained traction for both hydrophilic and hydrophobic medicines.
The advantages of nanoemulsion have sparked a lot of interest in research, dose design, and pharmacology. These medications are intended to address issues like as noncompliance and limited bioavailability that are common with standard drug delivery systems.
Drug toxicity difficulties, the lack of precise regulatory requirements, enhanced characterization, and disorganized cost-benefit methods are all factors restraining the market's potential growth.
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Further key findings from the report suggest
- Antibiotics accounted for largest share among other application segments of nanoemulsions. The rise in demand for antibiotics is also generating a demand for the market in the segment.
- Nanoemulsions in vaccines are attracting the attention of a growing number of biopharmaceutical companies. The use of the market product in vaccinations has been proved to be safe in research and tests. These vaccines are being developed for targeted therapy to treat chronic infections and cancer illnesses.
- Oral route of administration of nanoemulsions accounted for the largest market revenue share in 2020. They are also used topically or intravenously. Injecting it in the body is a quick and easy way of delivering the drug.
- The cosmetic business has a significant demand for nanoemulsion. Nano-based delivery methods are utilized to increase the long-term distribution of phytocompounds used in sunscreen and anti-aging creams, overcoming difficulties such as limited permeation and instability of bioactive components in the cream.
- Asia Pacific is expected to register the highest growth rate of 10.7% during the forecast period. Change in demographics and growing disposable income is driving the market, especially in densely populated areas such as India and China.
- Key participants include Allergen plc, Covaris, Inc., Ascendia Pharmaceuticals, Foamix Pharmaceuticals, Taiwan Liposome Company, Ltd., Santen Pharmaceuticals Co., Ltd., Mitsubishi Tanabe Pharma, Microfluidics (IDEX Corporation), Latitude Pharmaceuticals Inc., and AstraZeneca plc among others.
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Segments Covered in the Report:
For the purpose of this report, Reports and Data has segmented into the global nanoemulsions market on the basis of applications, route of administration, distribution channel, and region:
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018 – 2028)
- Nonsteroidal anti-inflammatory drugs (NSAIDs)
Route of Administration Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018 – 2028)
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018 – 2028)
- Hospital Chain
- Retail Stores
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018 – 2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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