Oral Thin Film Market Set to Double by 2030 Amid Rising Demand and Strategic Collaborations

The global oral thin film market is on a trajectory of significant growth, projected to expand from USD 3.92 billion in 2023 to USD 8.51 billion by 2030. This represents a compound annual growth rate (CAGR) of 11.71% during the forecast period from 2024 to 2030. ​

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Market Dynamics Driving Growth

Several factors are fueling this robust market expansion:

  • Increased Demand for Thin-Film Drug Delivery Systems: The preference for thin films over traditional dosage forms is rising due to their ease of administration, rapid dissolution, and enhanced patient compliance. Oral thin films (OTFs) deliver active pharmaceutical ingredients (APIs) efficiently, dissolving quickly in the mouth without the need for water. ​

  • Technological Advancements: Continuous innovations in drug delivery technologies have led to the development of more effective and patient-friendly OTFs, broadening their therapeutic applications.​

  • Lifestyle Changes and Patient Preferences: The growing inclination towards sedentary lifestyles has increased the demand for convenient and non-invasive drug delivery methods, positioning OTFs as a preferred choice among patients and healthcare providers.​

Competitive Landscape

The oral thin film market is characterized by the presence of several key players dedicated to advancing this drug delivery technology. Notable companies include:​

  • Pfizer Inc.

  • Novartis AG

  • Allergan plc

  • Indivior PLC

  • Aquestive Therapeutics, Inc.

  • IntelGenx Corp.

  • ZIM Laboratories Limited

  • Cure Pharmaceutical Holding Corp.

  • BioDelivery Sciences International, Inc.

  • Sumitomo Dainippon Pharma Co., Ltd.

These companies are focusing on strategic collaborations, mergers, and acquisitions to strengthen their market positions and expand their product portfolios.

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Regional Insights

  • North America: Growth and Innovation

    North America, particularly the United States, holds a significant share of the oral thin film market. This dominance is attributed to advanced healthcare infrastructure, substantial investment in research and development, and a high prevalence of chronic diseases requiring innovative drug delivery methods. The region's robust pharmaceutical industry and focus on patient-centric solutions contribute to the widespread adoption of OTFs. ​

  • Asia Pacific: Emerging Opportunities and Trends

    The Asia Pacific region is experiencing rapid growth in the oral thin film market, driven by increasing healthcare awareness, rising disposable incomes, and a growing patient population. Countries like China and India are witnessing heightened demand for OTFs, fueled by their ease of use and improved therapeutic outcomes. Additionally, local pharmaceutical companies are investing in the development and commercialization of OTF products to cater to the regional demand.​

  • Europe: Market Expansion and Technological Advancements

    Europe represents a significant market for oral thin films, with a strong emphasis on research and development and a growing demand for effective drug delivery systems. The region's focus on technological advancements and supportive regulatory frameworks facilitates the introduction of new OTF products. Collaborations between pharmaceutical companies and research institutions are further driving market growth.​

  • Middle East & Africa: Opportunities and Infrastructure Development

    The Middle East & Africa region is gradually enhancing its healthcare infrastructure, leading to increased access to advanced drug delivery systems like OTFs. Government initiatives and investments in healthcare are creating opportunities for market growth, although challenges such as limited resources and access to advanced therapies persist. The growing prevalence of chronic diseases in the region underscores the need for innovative treatment options.​

Mergers and Acquisitions: Key Regional Developments

  • United States

    In the United States, strategic acquisitions are shaping the oral thin film market. For instance, Aquestive Therapeutics, Inc. acquired MonoSol Rx to enhance its proprietary PharmFilm® technology and expand its product pipeline in CNS diseases.​

  • Asia Pacific

    The Asia Pacific region is witnessing significant collaborations and investments in OTF development. ZIM Laboratories Limited, an India-based company, has entered into partnerships to expand its footprint in the OTF market, focusing on innovative drug delivery solutions tailored to regional needs.​

  • Europe

    European companies are actively investing in the development of new OTF products. IntelGenx Corp. collaborated with Tilray, Inc. to develop and commercialize cannabis-infused oral thin films, tapping into the growing medical cannabis market in Europe.

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Market Segmentation: In-Depth Analysis:

by Product

Sublingual Film
Fast Dissolving Oral Film
Buccal Film

Throughout the projection period, the sublingual film segment is leading the market. Sublingual films were the market leader for oral thin films globally, and this trend is anticipated to persist during the forecast period. The segment is anticipated to expand throughout the forecast period as a result of substantial research efforts, a strong product pipeline, and growing market adoption of sublingual film.

by Indication

Pain Management
Neurological Disorders
Nausea & Vomiting
Opioid Dependence
Others

Throughout the projection period, neurological disorders will continue to dominate the market.
A sizeable amount of the global oral thin film market was driven by the neurological illnesses industry. The segment is anticipated to be driven by a rise in the prevalence of neurological disorders throughout the forecast period.

by Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

Throughout the forecast period, the retail pharmacy category held the largest market share. The retail pharmacy industry led the market due to the easy access to a large variety of products and the rise of retail pharmacies in developing countries.

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Learn about the top players driving innovation in the Market :

1.Johnson and Johnson Services
2.Pfizer Inc.
3.CURE Pharmaceutical
4.Novartis AG
5.LTS Lohmann Therapie-Systeme
6.GlaxoSmithKline Plc
7.Indivior Plc
8.Sumitomo Dainippon Pharma Co. Ltd
9.IntelGenX Corp.
10.Transition Therapeutics, Inc.
11.ZIM Laboratories Limited
12.Indivior plc
13.NAL Pharma
14.Mylan NV
15.LIVKON Pharmaceuticals Pvt. Ltd.

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