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

As per The Business Research Company’s Oral Thin Films Global Market Report 2023, the oral thin films market is expected to show significant growth in the forecast period.

Key insights from the oral thin films market forecast include:

1. Market Size

The global oral thin films market size grew from $3.58 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The oral thin films market size is expected to grow to $6.22 billion in 2027 at a CAGR of 11.7%. North America was the largest region in the oral thin films market in 2022.

2. Major Driver

Rising demand for thin-film drug delivery systems is propelling the growth of the oral thin film market. Thin films have been identified as a potential alternative to standard dosage forms. It is a convenient, self-administrable, and fast-dissolving dosage form for the delivery of medications, which makes it a versatile drug delivery platform. Thin films are taken orally and do not require water to be swallowed to absorb a drug. OTF is more patient-friendly due to its rapid dissolution rate. Due to these reasons, the demand for thin-film drug delivery systems is increasing, which is bringing more demand for oral thin films as well. 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.

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

3. Key Trend

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.

4. Major Players

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.

5. Top Market Segments

The global oral thin films market is segmented –
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

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The Oral Thin Films Global Market Report 2023  provides an in-depth analysis on the oral thin films market size, trends and drivers, opportunities, strategies, and companies 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.

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