Oral dissolvable films market is anticipated to grow at a significant CAGR 8.9% during the forecast period (2024-2031). Orally dissolving films (ODFs) are also known as oral thin films. It provides a quick release of an active pharmaceutical ingredient (API) when placed on the tongue without the intake of water and is used as an alternative to orally disintegrating tablets. It is a kind of drug delivery system. The major factor driving the demand for oral dissolvable films is the new product launches and approvals across the globe.
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For instance, in February 2022, Aquestive Therapeutics, Inc. announced the opening of its Investigational New Drug Application (IND) for the drug AQST-109 from the U.S. Food and Drug Administration (FDA). AQST-109 is an epinephrine oral film used for the treatment of anaphylaxis. Moreover, the market is also growing owing to the growing applications of oral thin films for the treatment of several diseases.
Some major players in the market include ZIM Laboratories Ltd., Cure Pharmaceuticals, and Aquestive Therapeutics, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2021, Cure Pharmaceutical announced the approval of CUREfilm Blue from the US FDA. It is an oral dissolvable film used for the treatment of erectile dysfunction (ED).
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Market Coverage
- Segment Covered-
o By Product
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ZIM Laboratories Ltd., Cure Pharmaceuticals, and Aquestive Therapeutics, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Oral Dissolvable Films Market Report by Segment
By Product
- Sublingual Film
- Fast Dissolving Dental/Buccal Film
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Other
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