USD 14.63 billion
Global Fast Melt Tablets Market Size, Share, Growth Analysis, By Drug Class(Anti-Psychotics, Anti-Epileptics), By Indication(CNS Diseases, GI Diseases), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies) - Industry Forecast 2024-2031
Report ID:
SQSG35I2035 |
Region:
Global |
Published Date: February, 2024
Pages:
268
|
Tables:
90 |
Figures:
76
Global Fast Melt Tablets Market Insights
Fast Melt Tablets Market size was valued at USD 14.63 billion in 2019 and is poised to grow from USD 15.65 billion in 2023 to USD 28.65 billion by 2031, growing at a CAGR of 6.95% in the forecast period (2024-2031).
A fast-melting tablet is a solid oral dose form that dissolves in the mouth without chewing or water. Fast or mouth-dispersing tablets have been developed for individuals who are active, on the go, may not have access to water, or have swallowing issues. It is widely used by young people, the elderly, and sick who are confined to beds.
Oral-dissolving drug delivery systems have undergone numerous advancements as a result of which they can now be used for a variety of benefits including rapid drug therapy intervention, increased bioavailability, good stability, simple manufacturing, precise and consistent dosing, simple handling, motion sickness, suede episodes of allergic attack, or coughing, where an ultra-rapid onset of action is required.
US Fast Melt Tablets Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospital Pharmacies
Fastest Growth
Hospital Pharmacies
Growth Rate
6.95% CAGR
Global Fast Melt Tablets Market ($ Bn)
Country Share for North America Region (%)
Global Fast Melt Tablets Market By Distribution Channel ($ Bn)
Global Fast Melt Tablets Market By Distribution Channel (%)
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Global Fast Melt Tablets Market Segmental Analysis
The global fast melt tablets market is segmented based on drug class, indication, distribution channel, and region. Based on the drug class, the Fast Melt Tablets Market is segmented into anti-psychotics, anti-epileptics, CNS stimulants, anxiolytics. Based on the indication, the Fast Melt Tablets Market is segmented into CNS Diseases, GI Diseases, CVS Disorders. Based on distribution channel, the Fast Melt Tablets Market is segmented into hospital pharmacies, retail pharmacies. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Fast Melt Tablets Market Analysis by Distribution Channel
Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies. Among these, the hospital pharmacies segment of the market is projected to hold the most significant share in the market. Hospitals pharmacies is one of the major distribution channels for the global fast melt tablets market. Various facilities need to provide to the patients in the hospitals and so as to provide those, companies offer various products specifically for the hospitals. Initially, most of the products in the healthcare sector are designed for the hospitals only. In hospital’s emergency department, a special team consisting doctors and nurses can be made available to provide the best possible care when a patient has been diagnosed with such severe heart attacks and then accordingly, they provide the treatment. Thus, this makes the hospital segment one of the lucrative segments of the market.
Global Fast Melt Tablets Market By Distribution Channel, 2023 (%)
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Global Fast Melt Tablets Market Regional Insights
In 2021, North America is expected to have the biggest market share of 42.0%. The regional growth of the market is attributed to the presence of several major players in the market. The market growth in North America can be attributed to the rising geriatric population and frequent US FDA approvals for innovative products. The existence of big firms that provide advanced drug delivery systems and who are funding various R&D operations for the industry are the main elements that make the North American market the largest revenue-generating area in this field. Along with the points already mentioned, other important aspects contributing to market domination include rising disposable income and significant advancements in the healthcare sector. The geriatric population is more inclined to the risk of heart strokes. According to WHO, the incidence and prevalence rate of heart attacks are highest in North America, which is responsible for 0.7 million fatalities each year. Increased prevalence of diseases is likely to create growth opportunities for the market.
Global Fast Melt Tablets Market By Region, 2024-2031
- Largest
- Fastest
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Global Fast Melt Tablets Market Dynamics
Fast Melt Tablets Market Driver
- The rise in the older population, who are unable to swallow pills, and the expansion of product promotion meant to raise consumer awareness of patient care. An increase in the demand for cost-effective products and patient compliance to enhance patient quality of life. There is a chance of choking or asphyxia while using oral solid conventional formulations. Additionally, technological advancements in fast melt tablets that dissolve quickly before being swallowed and in less than three minutes have been made to meet pharmacopoeia requirements. This has helped the market's expansion even further.
Fast Melt Tablets Market Restraint
- The major factor that restraints the growth of the global fast melt tablets market is their handling. FDT are very porous, softly formed metrics, or compacted in a tablet with little compression, which makes it fragile and challenging to handle. This thus challenges the growth of the market.
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Global Fast Melt Tablets Market Competitive Landscape
The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Fast Melt Tablets Market Top Company Profiles
- Pfizer Inc.
- GlaxoSmithKline plc
- Teva Pharmaceutical Industries Ltd.
- Catalent Inc.
- Novartis AG
- AstraZeneca plc
- Bayer AG
- Janssen Pharmaceuticals, Inc.
- Eli Lilly and Company
- Merck & Co., Inc.
- Roche Holding AG
- Sanofi S.A.
- Mylan N.V.
- Dr. Reddy's Laboratories Ltd.
- Zydus Cadila
- Apotex Inc.
- Cipla Limited
- Lupin Limited
- Sun Pharmaceutical Industries Ltd.
- Torrent Pharmaceuticals Ltd.
Fast Melt Tablets Market Recent Developments
- In September 2022, ProTab Laboratories, a GMP contract manufacturing facility in Southern California, presents launched its Qk-MeltTechTM technology for the production of quick-melt tablets that dissolve swiftly in the mouth, as quickly as 45 seconds, without the need for water. Customers who have trouble swallowing conventional pills with or without water have a great alternative in ProTab's revolutionary technology. About 35% of the general population experiences dysphagia (difficulty swallowing), which is prevalent across all age groups but is more prevalent in older consumers.
Global Fast Melt Tablets Key Market Trends
- The expansion of the Fast Melt Tablets market was aided by the growing demand for fast melt tablets from the geriatric population. During the anticipated period, the geriatric population's high adoption of fast-melt tablets will drive demand growth. In a traditional oral formulation, first pass metabolism is a significant problem that can be avoided with the use of a fast melt tablet. The high degree of patient compliance that these drug delivery systems may achieve increases demand. With rapid action, high absorption, and fewer adverse effects for patients, self-administration is feasible. These are the formulations that are encouraging greater acceptance. The creation of this drug delivery system may face some technical difficulties, but these issues can be resolved by conducting in-depth formulation and development research. This improvement will increase the use of this fast-melting pill; which, thereby is likely to create ample market growth opportunities in the upcoming years.
Global Fast Melt Tablets Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global fast melt tablets market is segmented based on drug class, indication, distribution channel, and region. Based on the drug class, the Anti-Psychotics drug segment of the market is projected to hold the most substantial market share. Based on the indication, CNS diseases segment of the market is projected to hold the most substantial market share. Based on the distribution channel, the hospital pharmacies segment of the market is projected to hold the most substantial market share. Whereas, based on the region, the North American region of the market is projected to hold the most substantial market share.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14.63 billion |
| Market size value in 2031 | USD 28.65 billion |
| Growth Rate | 6.95% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Fast Melt Tablets Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Fast Melt Tablets Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Fast Melt Tablets Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fast Melt Tablets Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fast Melt Tablets Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Fast Melt Tablets Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Fast Melt Tablets Market Report Snapshots
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