The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s oral thin films market report forecasts the oral thin films market size to grow to $6.22 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Oral Thin Films Market Report 2023 – https://www.thebusinessresearchcompany.com/report/oral-thin-films-global-market-report

Oral Thin Films Market Size Forecast
The global oral thin films market is expected to grow from $3.58 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oral thin films market size is expected to grow to $6.22 billion in 2027 at a CAGR of 11.7%.

North America held the largest oral thin films market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Oral Thin Films Market Driver ­– Rise In Demand For Thin-Film Drug Delivery Systems
For instance, in January 2021, a Turkish Journal of Pharmaceutical Sciences report shows that the global thin-film pharmaceutical products market is expected to increase from $7 billion in 2015 to over $15 billion by the end of 2024. It estimates that there will be an increase of 117% in 10 years. Thus, increasing demand for thin-film drug delivery systems is driving the growth of the oral thin film market.

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Key Oral Thin Films Market Trend – Growing Investment In Research And Development
The rapidly growing investment in research and development (R&D) by leading players has propelled the growth of the oral thin film market. Major companies operating in the oral thin films market are focused on investing in research and development of fast dissolving oral thin films to strengthen their position by implementing new platform technologies such as soluleaves, XGEL, and waferTab. R&D helps to innovate new solutions that can be more convenient, effective, and efficient for drug delivery. For instance, in October 2020, CURE Pharmaceutical Holding Corp. introduced Nutri-Strips, a revolutionary oral thin-film strip technology to enhance efficiency over OTC vitamins, capsules, soft gels, and gummies for a better consumer experience. As part of its R&D efforts, the company has developed a broad platform of formulations that offer targeted dosing, including CURE’s patented and advanced oral thin-film strip technology.

Oral Thin Films Market Segment
1) By Type: Sublingual Film, Fast Dissolving Dental/Buccal Film
2) By Disease Indication: Schizophrenia, Migraine, Opioid Dependence, Nausea & Vomiting, Other Disease Indication
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels

Oral Thin Films Market Major Players and Strategies
Major players in the oral thin films market are ZIM Laboratories, NAL Pharma, Cure Pharmaceutical, IntelGenx Corp., Kyu Kyu Pharmaceutical Co. Ltd., Seoul Pharmaceuticals, CL Pharm, Aquestive Therapeutics Inc., Shilpa Therapeutics Pvt. Ltd., Sunovion Pharmaceuticals Inc., Solvay, LTS Lohmann Therapie-Systeme AG, Mylan Inc., LIVKON Pharmaceuticals Pvt. Ltd., and ARx, LLC.

In September 2022, LTS LOHMANN Therapie-Systeme AG, a Germany-based company specializing in the development and manufacture of drug delivery systems such as oral thin films (OTF), acquired Tapemark Inc. for an undisclosed amount. With this acquisition, LTS leveraged Tapemark’s premier CDMO with expertise in oral thin film, unit dosage semi-solid drugs, and iontophoresis products. Tapemark Inc. is a US-based CDMO specializing in transdermal drug delivery systems and oral thin film.

The Oral Thin Films Global Market Report 2023 covers regional data on oral thin films market size, oral thin films market trends and drivers, opportunities, strategies, and oral thin films market competitor analysis. The countries covered in the oral thin films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

An oral thin film (OTF) is a very thin polymeric film that is applied in the mouth. The purpose of oral thin film (OTF) is to deliver therapeutic substances into the oral cavity or the stomach tract, where they are absorbed and transported directly to the circulatory system.

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