Nasal Spray Vaccine Market Size, Share, Growth, Trends and Forecast (2021-2027)

Nasal Spray Vaccine Market is expected to exceed the market valuation of more than US$ billion by 2027 expanding at a reasonable CAGR of around ~8% during the forecast period (2021-2027). Chronic Diseases are on the rise since 1995. Additionally, the growing geriatric population is also increasing the prevalence of chronic diseases which is further increasing a need for medications to control and make it easier to manage these diseases. Nasal Spray Vaccines can do that as they are easy to administer and can be handled easily by the patients in a home setting. Due to this the number of hospital visits per patient can decrease significantly and this is bound to make them a good investment for the patients. This is expected to grow the Nasal Spray Vaccines Market in the coming days as more R&D and better vaccinations come out.

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Key reason for the growth of nasal spray vaccines is their emergence during the covid-19 pandemic, which lead to their acceptance. Additionally, their ease of administration and their increasing use is driving the global market. Furthermore, the application of nasal sprays in the treatment of depression is creating numerous opportunities for the nasal spray vaccines market. Globally the manufacturers of vaccine packaging products have come up with nasal spray for the shortage and transportation of different types of drugs and vaccines. The worldwide acceptance of various over the counter drugs and ophthalmic antibiotics is increasing the market popularity of nasal spray as a preferred packaging for other medicinal drugs too. Demand for vaccine nasal spray has witnessed a sharp rise in recent years, due to increased healthcare facilities, clinics and household end uses of these vaccine nasal sprays, producers engaged making these sprays are expanding their production facilities to meet the rising demand across the globe.

All COVID-19 vaccines now in use are injected into muscle, producing antibodies that circulate in the blood but aren’t necessarily present in the nose and nasal passages, suggesting that vaccinated individuals could still become infected and transmit the virus. Previous studies in rhesus monkeys showed that the Oxford/AstraZeneca vaccine, which isn’t authorized for use in the US, protected against pneumonia but did not reduce shedding from their upper respiratory tract. The authors of the new study first compared the injected and the intranasal vaccines in hamsters. Both routes of administration produced high antibody levels, but the nasal spray outperformed the injection. Due to this research on Nasal Vaccines has increased significantly during the pandemic and is also increasing the popularity of these vaccines. Thus, the Nasal Spray Vaccine market has only grown because of the Covid-19 pandemic.

Based on Type, the Nasal Spray Vaccine Market is segmented into Decongestion Nasal Spray, Steroid Nasal Spray, and Saltwater Solution/Saline Nasal Spray. Decongestion Nasal Spray is used for temporary relief of congestion in the nose caused by various conditions including the common cold, sinusitis, hay fever, and allergies. It works by narrowing the blood vessels in the nose area, reducing swelling and congestion. Oxymetazoline comes as a solution (liquid) to spray into the nose. It is usually used every 10 to 12 hours as needed, but not more often than twice in a 24-hour period.

Based on Prescription, the Nasal Spray Vaccine Market is segmented into Over-The-Counter and Prescribed. The vaccine has been prescribed for Covid-19 to many patients and shown many positive effects. Additionally, the nasal vaccine for flu is also on trial and may be a hit when it comes out. Even though nasal vaccines need prescriptions, they are easy to use and can easily be self administered. This gives them an advantage over the traditional vaccines.

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Based on type of therapeutics, the Nasal Spray Vaccine Market is segmented into Antihistamine, Nasal Steroids, Anticholinergic, Mast Cell Inhibitor. Antihistamine sprays relieve congestion, itchy and runny nose, and sneezing. They are available by prescription and include azelastine (Astelin, Astepro) and olopatadine (Patanase). They usually cause less drowsiness than antihistamine pills, but they still may make some people sleepy. These medications aren’t intended for long-term use.

Based on End-User, the Nasal Spray Vaccine Market is segmented into Home Care Setting, ASC, Hospital, clinics and others. Nasal Vaccines are very safe with minimal side effects and thus can be administered safely at home. In fact nasal vaccines are actually more beneficial than the traditional vaccines because a vaccine delivered into the nose could create mucosal immunity, or immune cells present in the tissues of the airway.

Additionally, the report provides detailed initiatives that are being taken in the field of Nasal Spray Vaccine globally. The report provides a detailed analysis of regions including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Rest of World. North America dominated the market in 2020, with XX% share.

Akorn, Allergan, Apotex Inc, Bharat Biotech, Catalent Inc, Cipla Limited, GlaxoSmithKline, Johnson and Johnson, Novartis International AG, and Pfizer Inc. are some of the prominent players operating in the Nasal Spray Vaccine market. Several M&As along with partnerships have been undertaken by these players to make Nasal Spray Vaccine as cost-effective and as widely available as possible.

Nasal Spray Vaccine Market Segmentation

Market Insight, by Type

· Decongestion Nasal Spray

· Steroid Nasal Spray

· Saltwater Solution/Saline Nasal Spray

Market Insight, by Prescription

· Over-The-Counter

· Prescribed

Market Insight, by Type of Therapeutics

· Antihistamine

· Nasal Steroids

· Anticholinergic