The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The oral transmucosal drugs market is on an upward trajectory, driven by technological advancements, aging populations, and innovative drug delivery systems. In this blog, we will explore the current and future trends in this market, key factors propelling its growth, and the major players contributing to its expansion.

Market Growth Overview

• Strong Recent Growth:
  • Market size grew from $36.34 billion in 2023 to $39.70 billion in 2024.
  • Achieved a compound annual growth rate (CAGR) of 9.2%.
  • Growth driven by advancements in diagnostic capabilities, aging demographics, and faster drug absorption.
• Future Projections:
  • Expected to grow to $56.83 billion by 2028.
  • Forecasted CAGR of 9.4%.
  • Contributing factors include personalized medicine, novel drug delivery systems, and an expanding geriatric population.

Key Growth Drivers

• Aging Demographics:
  • Increasing elderly population worldwide.
  • Higher prevalence of chronic diseases requiring efficient drug delivery systems.
• Advancements in Diagnostics:
  • Improved diagnostic tools lead to better disease detection.
  • Enhanced detection rates increase demand for fast-acting treatments.
• Environmental and Genetic Factors:
  • Exposure to environmental pollutants and genetic predispositions boost the need for specialized treatments.
  • Growing awareness of these factors drives market demand.

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Parkinson’s Disease: A Major Market Driver

• Rising Incidence:
  • Parkinson’s disease affects over 1 million individuals in the US, expected to rise to 1.2 million by 2030.
  • Aging demographics and enhanced detection contribute to the growing prevalence.
• Role of Oral Transmucosal Drugs:
  • These drugs offer fast absorption, leading to quicker relief and better patient adherence.
  • Crucial in managing symptoms and improving the quality of life for Parkinson’s patients.

Innovations in Drug Delivery

• Sublingual Vitamin Spray:
  • A novel oral transmucosal delivery system providing vitamins directly to the bloodstream.
  • Bypasses gastrointestinal tract and liver metabolism, ensuring rapid absorption.
• Example of Innovation:
  • Vestige Marketing introduced Absorvit, a sublingual vitamin spray, in October 2022.
  • Offers 3–10 times greater absorption than traditional oral methods.
  • Ensures precise doses of essential vitamins, enhancing overall wellness.

Strategic Acquisitions

• XOMA’s Acquisition of DSUVIA:
  • XOMA Corporation acquired DSUVIA, a sufentanil sublingual tablet, from Talphera, Inc. in January 2024 for $8 million.
  • Aims to maximize revenue and share profits with Talphera.
  • Represents strategic moves within the industry to expand product portfolios and market reach.

Market Segmentation and Regional Insights

• Product Segmentation:
  • Types: Tablets, Films, Liquids and Sprays.
  • Indications: Opioid Dependence, Neurological Disorders, Erectile Dysfunction.
• Distribution Channels:
  • Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies are key distribution points.

Regional Insights:

• • North America: Largest market in 2023.
  • Asia-Pacific: Poised to be the fastest-growing region during the forecast period, driven by increasing healthcare investments and a growing patient base.

Conclusion: A Market Set for Expansion
The oral transmucosal drugs market is set to experience significant growth, fueled by advancements in drug delivery technologies, the rising prevalence of chronic diseases, and strategic industry acquisitions. As companies continue to innovate and adapt to evolving healthcare needs, the market promises to offer improved therapeutic outcomes and better quality of life for patients worldwide.

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