The buccal drug delivery systems market is expected to experience various growth opportunities in the years to come.
The buccal drug delivery systems market is expected to experience various growth opportunities in the years to come. These growth opportunities in the market are possible with the increasing R & D activities in the field. A shorter treatment regime and high concentration availability of these systems at the target site are also serving important factors to boost growth avenues in the global market.
Buccal drug delivery systems are gaining noticeable growth opportunities because of ongoing research in the field. Buccal delivery has been considered the most preferred and convenient choice compared to the oral form of dosage. These systems are popular among the geriatric population around the world. This route of drug delivery ensures the elimination of the first-pass metabolism.
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Buccal Drug Delivery Systems Market: Key Trends
Reduced side effects, minimized biofluids interaction, and quicker absorption is some of the other crucial factors that are responsible for the growing adoption of the buccal drug delivery and thus expected to drive expansion opportunities in the market in the years to come.
The global leaders in the market are putting efforts to identify novel drug candidates to formulate controlled and rapid release of lozenges, mucoadhesive discs, and buccal tablets. The development of the buccal patches that contain insulin in order to treat diabetes has been serving as the most researched area. This is also used for the formulations to control the episodes in the patients that are encountering Parkinson’s.
Despite large investment and various studies to develop novel formulation in 2020, the market has witnessed a drastic decline. Reduced requirement of buccal delivery medications, rising economic burden on end-users, and decreased laboratory staff for the conduction of novel research are serving as the significant factors to hinder growth impetus in the market. In addition to this, reduced availability of raw material and halt on the logistics supply is also predicted to constrain market growth.
Buccal Drug Delivery Systems Market: Competitive Dynamics and Key Developments
The key players dealing in the buccal drug delivery systems market are incorporating different development strategies to fuel growth avenues in the upcoming years. The market has been highly consolidated due to the presence of small and large players. The majority of the contract manufacturers establish a partnership with the large players for the conduction of R & D activities and to manufacture novel buccal mucoadhesive products. The market of buccal drug delivery systems has been still in the emerging state in terms of novel product launches because of the limited identification of suitable drug candidates. However, some large players in the market are adopting collaborative growth strategies to introduce novel products at a faster rate. Rising initiatives for mergers and acquisitions has been predicted to strengthen the growth opportunities in the market.
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Some key players in the buccal drug delivery systems market are:
- Endo Pharmaceuticals Plc.
- Teva Pharmaceutical Industries Ltd.
- Cynapsus Therapeutics Inc.
- Pfizer Inc.
- BioDelivery Sciences International, Inc.
- GlaxoSmithKline plc.
- ARx LLC
- Indivior Pharmaceuticals
- Catalent
- Generex Biotechnology
Buccal Drug Delivery Systems Market: Regional Assessment
The buccal drug delivery systems market has been segmented into various geographical locations such as Europe, the Middle East & Africa, North America, Latin America, and Asia Pacific on the basis of geographical locations. Among these areas, the North America region has projected to share a dominating position in the market revenue. This regional dominance has been attributed to the presence of various market players, improved diagnosis and treatment rates, and qualitative research for the identification of suitable drug candidates. In addition to this, noteworthy investment by different market players to improve the development quality of novel formulations is also contributing to the market growth. Favorable reimbursement policies and high adoption of these systems are also serving as crucial factors to boost growth impetus in the regional market.
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