The techniques used for the drug delivery are found to be have an enormous impact on the efficacy of the treatment. In fact, the slow progression of the efficacy, has suggested the need of different approaches for the effective delivery of drug to the target area, along with the optimal bioavailability. Over the years, several drug delivery systems have been introduced to the market. However, the innovators present in the pharmaceutical domain have been continuously investing in the new advancements to minimize the unwanted toxicities and to improve the efficacy of the treatment. Amongst these, one such non-invasive approach for the drug delivery is the inhaled and intranasal route of administration.
Pulmonary route of drug delivery has always been an area of interest for the investors present in this domain. It offers the absorption of drugs through lungs, which are used for the local deposition or for systemic delivery. This is only possible because of the large surface area offered by lungs for the absorption of drugs and the ability to overcome the first-pass metabolism. In addition, it has been reported that, several local respiratory and systemic diseases can be treated well with the afore-mentioned type of route of delivery. Example of such diseases include, asthma, local infectious diseases, pulmonary hypertension, diabetes, depression and migraine. Further, there are many biotherapeutics as well which are currently injected intravenously and can be effectively delivered by the pulmonary route. These include, growth hormones, glucagon and insulin.
Companies Offering Inhaled and Intranasal Drug Product and Drug Delivery System Related Services
Owing to the increasing pipeline of these drugs and the associated manufacturing complexities, the developer companies are relying on the contract service providers, available in this domain. These service providers tend to have enough capabilities and experience, to offer the services related to drug product and drug delivery systems.
During our research, we came across more than 110 players, which claim to offer services related to inhaled and intranasal drug products. As per our analysis, majority of these players have their inhaled and intranasal related manufacturing facilities located in Europe, followed by North America.
Further, we also came across around 20 additional players, which claim to offer services related to inhaled and intranasal drug delivery systems. As per our analysis, majority of the companies have the capability to offer services related powder and aerosol-based formulations. Of these, most of the service providers offered development services for the respective drug delivery systems.
Which Type of Deals are being Inked in this Domain?
In the last five years, several players have collaborated to enhance their inhaled / intranasal drug and drug delivery system portfolio. In fact, the maximum number of collaborations (20%) were inked in 2017 and 2016; of these, 33% were development and manufacturing agreements. Further, in 2020 (till June), 16% collaborations were inked between different stakeholders. Of the total, close to 22% collaborations inked during this period were related to development agreements, followed by acquisitions (19%) and manufacturing agreements (17%).
What is the Current Demand for Inhaled / Intranasal Drug Delivery Systems (in terms of number of units)?
Over the past decade, the number of inhaled and intranasal drug delivery systems available in the market have increased significantly. In fact, the increase in demand for these drug delivery systems, is reported to be driven by the prevalence of asthma and COPD. In order to address this increasing demand for inhaled and intranasal drug delivery systems, developer companies are continuously working towards the development of more sophisticated and easier to use drug delivery systems.
Likely Growth of the Inhaled / Intranasal Drug Product and Drug Delivery System Contract Service Providers Market
During our research, we estimated the market under conservative, base and optimistic scenarios. As per the base case forecast scenario, the market for inhaled and intranasal contract services market is estimated to be worth over USD 20 billion by 2030, growing at an annualized rate of over 7% in the given time period.
To get a detailed information on the key players, partnership activity, current and future demand in this domain and the likely market evolution.