Oral medications remain a cost-effective alternative for many conditions typically treated with nasal sprays. Furthermore, the rise of advanced inhalers provides stiff competition in respiratory applications such as allergies and asthma. Manufacturers must clearly demonstrate the clinical advantages of nasal sprays to justify their higher costs. Another challenge is the lack of insurance coverage for some new nasal spray products, which can limit market potential.
Market Opportunities – Increased Research and Development on Combination Therapies
The U.S. nasal spray market has immense scope for growth through increased focus on combination therapies. Most nasal spray products are targeted towards individual conditions like congestion, allergies or dryness. However, nasal issues often occur concurrently requiring treatment of multiple symptoms. Combination therapies present a huge opportunity to address this clinical need comprehensively. Nasal sprays containing more than one active ingredient can provide relief from multiple bothersome nasal problems with just one product. This improves patient convenience and compliance significantly. For example, a spray treating congestion as well as dryness will eliminate the need to use two different bottles. Combining medications also allows delivering lower doses of each component, reducing risks of side effects.
U.S. Nasal Spray Market Report Snapshots
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