Oral Disintegrating Strip Market Size, Share, Growth, and Industry Analysis, By Type (Therapeutic Type and Healthcare Type), By Downstream Industry (Hospital and Clinic, Supermarket and Drug Store, E-commerce, & Others), and Regional Forecast to 2032

Updated On: 11 November 2024

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ORAL DISINTEGRATING STRIP MARKET OVERVIEW

The global Oral Disintegrating Strip Market size was USD 1.35 billion in 2023 and is projected to touch USD 2.68 billion by 2032, exhibiting a CAGR of 10.28% during the forecast period.

The demand for convenience and effective drug delivery systems has driven the Oral Disintegrating Strip market to boom significantly. The quick-dissolving strips in the mouth with no need for water have gained great popularity among pediatric, geriatric, and psychiatric patients with problems of swallowing normal pills. The development of new pharmaceutical formulations and an increase in the prevalence of diseases that require rapid action, such as motion sickness, allergic reactions, and anxiety disorders, drive the market. Moreover, a trend toward noninvasive, easy-to-administer formulations and a growing number of offerings within the segment also help in driving the market.

GLOBAL CRISES IMPACTING ORAL DISINTEGRATING STRIP MARKET COVID-19 IMPACT

Oral Disintegrating Strip Market Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic affected the Oral Disintegrating Strip market in the way of disrupted supply chains and delays in manufacturing and distribution. The lockdowns and restrictions translated to a slowdown in the production of such strips until current times, especially in those areas of the world badly infected with the virus. Due to the panic situation in the entire world, resources were concentrated towards fighting COVID-19, which means less attention and financial resources for non-COVID-19-related products that include oral disintegrating strips. However, the pandemic also accelerates the demand for user-friendly, self-administered drug delivery systems as patients sought to minimize visits to healthcare facilities. This shift in consumer behavior eventually pays off in the market as it tries to catch up with the new landscape in healthcare.

LATEST TREND

"Rising Use of Nanotechnology in Strip Formulation to Drive Market Growth"

A recent trend currently contributing to the growth in the Oral Disintegrating Strip market is the rising use of nanotechnology in strip formulation. Nanotechnology increases the bioavailability and stability of APIs in the strips, hence allowing for more effective and faster drug delivery. This development is especially useful for drugs that require very specific dosing or an immediate response, like pain management, mental disorders, and emergency treatments. Personalized medicine will also drive the customization of oral disintegrating strips toward the needs of individual patients, thus further expanding the market. This convenience, coupled with the technological advances, is driving ease of delivery, hence making oral disintegrating strips an increasingly preferred choice among consumers and health providers alike.

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ORAL DISINTEGRATING STRIP MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Therapeutic Type and Healthcare Type.

• Therapeutic Type: This segment deals with the oral disintegrating strip, which has been devised for delivering certain medications to be used for a particular type of treatment. These are used in the fast delivery of drugs in the cases of allergies, migraine, and psychiatric disorders where quick action needs to be taken. The therapeutic types normally are done with APIs and with a prescription from the healthcare professional.

• Healthcare Type: Oral disintegrating strips of this category find their application for general health and wellness purposes, such as vitamin supplements, breath fresheners, or energy boosters. These strips are usually over-the-counter available and are taken daily for general overall well-being support, not to cure disease conditions.

BY DOWNSTREAM INDUSTRY

Based on application, the global market can be categorized into Hospital and Clinic, Supermarket and Drug Store, E-commerce, & Others

• Hospital and Clinic: Oral disintegrating strips can also be administered in hospitals and clinics whereby many of these strips are administered to patients directly within these facilities either for comfort purposes or for treatment. These strips are typically used in the treatment of conditions that could do with fast medication, such as nausea and anxiety among others, provided by health experts.

• Supermarket and Drug Store: This segment involves the sale of oral disintegrating strips through retail points like supermarkets and drug stores. These retail points normally stock a variety of both therapeutic and healthcare types of strips, catering to consumers' needs for over-the-counter solutions for minor ailments or wellness needs.

• E-commerce: In the e-commerce segment come online sales of oral disintegrating strips, which have increased significantly due to convenience at home and wider availability. Online purchase of the strips is increasingly preferred by consumers, especially during the COVID-19 pandemic period, and has been driving the digital healthcare retail segment.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Increasing Demand to Boost the Market"

In the forecast period, the market for Oral Disintegrating Strip will rise owing to the increasing prevalence of some ailments like motion sickness, migraine, and anxiety disorder. The strips work as a quick and easy mode of drug delivery without water, hence are gaining widespread preference among patients in need of immediate relief, particularly in cases where swallowing pills is difficult. Therefore, Oral Disintegrating Strip market growth is due to increased demand for fast-acting and user-friendly medicinal forms.

"Technological Advances to Expand the Market"

The technological advances using nanotechnology and new formulations have considerably extended the Oral Disintegrating Strip market. Such improvements have increased the efficacy, stability, and bioavailability of the active ingredients in these strips, thus rendering them more attractive for a broader range of therapeutic applications. The technology development enhances not only the efficacy of products but also extends new horizons for the usability of oral disintegrating strips for a wide array of health conditions.

RESTRAINING FACTOR

"High Production Cost to Potentially Impede Market Growth"

Some of the key restraining factors are the higher production costs of advanced oral disintegrating strips compared to conventional tablets or capsules. Specialized processes and materials for fast dissolution and stability of the strips increase costs, which will be forwarded to consumers, raising prices for them. Certain costs can, therefore, affect wide acceptability, mainly in price-sensitive markets, hindering overall growth in the market.

OPPORTUNITY

"Increasing Awareness to Create Opportunity for the Product in the Market"

One of the opportunities that would arise in the Oral Disintegrating Strip market is the capture of emerging markets with large and underserved populations. In fact, increasing awareness in innovative drug delivery systems sustains high potential for geographical areas such as Asia, Africa, and Latin America. Normally, these regions face challenges related to healthcare infrastructure. For this reason, the oral disintegrating strip poses as a non-invasive form of medication intake that is convenient. Companies that successfully enter such markets and tailor their products to local needs can tap into a huge and relatively virgin consumer market.

CHALLENGE

"Unavailability Could Be a Potential Challenge for Consumers"

A major limitation for the consumers is that not all medicines are available in oral disintegrating strip format. While some therapeutic applications have been a real hit using these strips, many medicines do not come in this format, thus limiting patients' choices who would prefer this mode of drug delivery. Moreover, the specialized nature of these products may make them difficult to find in certain regions or via specific distribution channels; this might force consumers to choose between sticking with traditional forms of medication or going out of their way to get the strips they need.

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ORAL DISINTEGRATING STRIP MARKET REGIONAL INSIGHTS

NORTH AMERICA

The Oral Disintegrating Strip market is dominated by the North American region, and the United States oral disintegrating strip market is the leading country within the market. The prevalence of various chronic conditions that necessitate urgent action, such as allergies, migraine, and disorders of the mind, has retained this region's leading position in the market. The region enjoys advanced health infrastructure, intensive R&D activities, and a well-structured pharmaceutical industry. High consumer awareness and availability on almost all retail and online platforms also contribute to high market growth in the U.S.

EUROPE

Similarly, the Oral Disintegrating Strip market is growing in Europe due to increasing demand for patient-friendly drug delivery systems. Germany, the UK, and France are leading adopters of these strips, mainly for pediatric and geriatric patients who cannot swallow normal pills. The emphasis of this region on value-based healthcare outcomes and the strong presence of pharma players are driving innovation; hence, all these factors will further support the market growth. The European region also allows the market to grow due to the more favorable regulatory frameworks for the development of new drug delivery systems.

ASIA

With the increase in the prevalence of several chronic diseases and the surging healthcare needs of large populaces, countries like China, India, and Japan continue to show rapid growth in this region for the Oral Disintegrating Strip market. Increasing awareness of healthcare, improvement in economic conditions, and increased access to healthcare services are some of the driving factors for the market. Moreover, the burgeoning pharmaceutical manufacturing sector in the region along with increased availability of such strips both in urban and rural areas is further adding to the market growth. However, the region still needs to overcome low consumer awareness and limited distribution in some areas to realize its full potential.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Key companies in this segment, like Pfizer, Novartis, and LTS Lohmann, catalyze the Oral Disintegrating Strip market forward due to continuous innovation and strategic expansion into these markets. Strong efforts are involved by these firms to invest in research and development regarding the enhancement of the formulation and effectiveness of oral disintegrating strips for making them highly beneficial and acceptable for a wide array of therapeutic applications. They set new standards in the industry, from using advanced technologies like nanotechnology to researching new mechanisms of drug delivery. Besides, large companies have also taken a more regional approach by expanding their services into emerging markets and often partnering with local distributors, further increasing access and the availability of their products for end-users. This focus on innovation and expansion is securing leading positions and driving overall growth in the market.

LIST OF TOP BUCKWHEAT FLOUR COMPANIES

• BioDelivery(BDSI) (USA)
• LLS Health (USA)
• Tapemark (USA)
• Aavishkar (India)
• Shilpa Therapeutics (India)
• Adhex Pharma (France)
• Arx Pharma (France)
• Xiamen LP Pharma (China)
• Cure Pharmaceutical (USA)
• QQP (South Africa)
• Umang (India)
• Aquestive Therapeutics (USA)
• Top Pharm (Netherlands)
• NAL Pharma (China)
• ZIM Laboratories (India)
• LIVKON Pharmaceutical Pvt Ltd (India)
• IntelGenx Corp. (Canada)
• Johnson & Johnson (J&J) (USA)
• Lohmann Therapie-Systeme (Germany)

KEY INDUSTRY DEVELOPMENT

May 2024: Aquestive Therapeutics announced a significant development in the industry with the release of a new oral disintegrating strip formulation for epilepsy treatment. Targeted at rapid administration of medication for epilepsy, it addresses an urgent need of the patients while seizures are ongoing, offering fast-acting relief. The development underlines the trend that is fast catching up to help treat acute conditions with oral disintegrating strips. The market has seen its deal of important developments with this being one that will drive innovation in drug delivery systems.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.