USD 14.63 billion
Report ID: SQSG35I2035 | Region: Global | Published Date: September, 2022 | Pages: 268 | Tables: 90 | Figures: 76
Fast Melt Tablets Market size was valued at USD 14.63 billion in 2021 and is poised to grow from USD 15.65 billion in 2022 to USD 28.65 billion by 2030, growing at a CAGR of 6.95% in the forecast period (2023-2030).
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.
Global Market Size
USD 14.63 billion
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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.
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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.
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Fast Melt Tablets Market Driver
Fast Melt Tablets Market Restraint
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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
Fast Melt Tablets Market Recent Developments
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.
|Market size value in 2021||USD 14.63 billion|
|Market size value in 2030||USD 15.65 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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