Oral Thin Films Market Size to Hit USD 5.9 Billion by 2027

According to Nova one advisor, the global Oral Thin Films market was valued at USD 3.0 billion in 2020 and it is expected to hit around USD 5.9 billion by 2027 with a CAGR of 8.7% during the forecast period 2022 to 2030.

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The market Oral thin film drug is a promising drug delivery dosage form, which delivers drugs by adhering to the oral mucosa. Rise in demand for thin film drug delivery systems, considerable research & development, and strategic alliances between novel technology owners and large pharmaceutical companies are major factors that are anticipated to drive the global oral thin films market during the forecast period. North America held a major share of the global oral thin films market in 2020, due to higher penetration of the oral thin film technology and increase in focus on new product launches by industry players in the region.

The market Oral thin film drug is a promising drug delivery dosage form, which delivers drugs by adhering to the oral mucosa. Rise in demand for thin film drug delivery systems, considerable research & development, and strategic alliances between novel technology owners and large pharmaceutical companies are major factors that are anticipated to drive the global oral thin films market during the forecast period. North America held a major share of the global oral thin films market in 2020, due to higher penetration of the oral thin film technology and increase in focus on new product launches by industry players in the region.

Report Coverage

Market Dynamics:
Drivers:

Increase in number of aging population across the globe along with rising prevalence of indicated diseases such as schizophrenia, Parkinson\'s disease, migraine, opioid dependence, nausea & Vomiting, motion sickness, etc. demands for oral administration of drugs, which in turn leads to global market growth of oral thin films. Oral thin films or OTF is a thin film used for oral administration of drugs to the people having difficulty in swallowing. These films contains active substances that directly enters into the system through oral mucosa. These are made up of water-soluble polymers to increase the drug solubility. Oral thin films are increasingly popular in patients because of its pain-free application, flexible surface area, convenience, precise dosages, and pleasant flavor.

Increasing incidences of motion sickness and nausea due to growing number of travel enthusiasts across the globe, increasing prevalence of several neurological disorders, increasing government spending on healthcare, technological advancement and ongoing research and development activities in the field of oral medication are some of the key factors boosting global market growth. Pharmaceutical manufacturers are focusing on developing and launching innovative products.  Growing number of offline and online distribution centers that supply wide range of oral thin film products is further drives the global market growth.

Restraints:

Incorporation of water-insoluble drugs, carrying of relatively small amount of drug load are the major restraining factors that could hamper growth of the global oral thin films market. In addition, high initial investment and expensive packaging also negatively affects the global market growth.

Oral Thin Films Market: Key Segments

In terms of product, the global oral thin films market has been classified into sublingual film, fast dissolving oral film, and buccal film

Based on indication, the global oral thin films market has been categorized into pain management, neurological disorders, nausea & vomiting, opioid dependence, and others. The neurological disorders segment dominated the global oral thin films market in 2020, owing to higher incidence rate of neurological disorders, and increase in the prescription of oral thin films for the treatment of schizophrenia and opioid dependence.

In terms of distribution channel, the global oral thin films market has been divided into hospital pharmacies, retail pharmacies, and online pharmacies. The online pharmacies segment is expected to expand at a high CAGR from 2020 to 2027. Benefits such as convenience, discounted products, large number of options, and detailed product description offered by online pharmacies are likely to drive the segment during the forecast period.

North America to Dominate Global Market; Europe to Offer Significant Opportunities

In terms of region, the global oral thin films market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for a leading share of the global oral thin films market during the forecast period. Higher penetration of oral thin films, availability of the products, and presence of a large number of suppliers compared to other regions are the major factors driving the market in the region. The market in Asia Pacific is expected to expand at a high CAGR in the near future, owing to the presence of local as well as global players and an increase in the demand for oral thin films in the region. The oral thin films market in Europe is likely to expand at a rapid pace in the near future. Japan and China are anticipated to be lucrative markets for oral thin films during the forecast period. Presence of large geriatric patient population with dysphagia and increase in healthcare expenditure in these countries are projected to propel the market in Asia Pacific over the next few years.

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Some of the prominent players in the Oral Thin Films Market include:  ZIM Laboratories Limited, Indivior plc, Aquestive Therapeutics, Inc., LIVKON Pharmaceuticals pvt. Ltd., Shilpa Therapeutics Pvt. Ltd, Sunovion Pharmaceuticals, Inc., NAL Pharma, Cure Pharmaceutical, IntelGenx Corp., Dr. Reddy's Laboratories, Kyu Pharmaceutical Co Ltd, Seoul PharmaCo, and C.L. Pharm.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Oral Thin Films Market: Segmentation

• Oral Thin Films Market, by Product
  • Sublingual Film
  • Fast Dissolving Oral Film
  • Buccal Film
• Oral Thin Films Market, by Indication
  • Pain Management
  • Neurological Disorders
  • Nausea & Vomiting
  • Opioid Dependence
  • Others
• Oral Thin Films Market, by Distribution Channel
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Region

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

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