Oral Thin Films Market Updates

Global Oral Thin Films Market size was valued at USD 3.46 billion in 2023 and is poised to grow from USD 3.78 billion in 2024 to USD 7.7 billion by 2032, growing at a CAGR of 9.3% during the forecast period (2025-2032).

The global oral thin films market is characterized by the presence of several key players vying for market share and striving to differentiate themselves. The competitive dynamics within this market are influenced by factors such as product innovation, manufacturing capabilities, distribution networks, and strategic partnerships. The competitive landscape of the global oral thin films market features a mix of established pharmaceutical companies, specialized drug delivery technology providers, and emerging players. These companies continuously invest in research and development to develop innovative formulations and improve drug delivery capabilities. Manufacturing capabilities and capacity are also key factors in the competitive landscape. Companies with advanced manufacturing facilities and expertise gain a competitive advantage in terms of quality, scalability, and cost-efficiency. Strong manufacturing capabilities allow companies to meet the growing demand for oral thin films and ensure reliable supply to the market. 'Pfizer Inc. (USA) ', 'Novartis International AG (Switzerland) ', 'Merck & Co., Inc. (USA) ', 'Sanofi S.A. (France) ', 'GlaxoSmithKline plc (UK) ', 'Johnson & Johnson (USA) ', 'Bayer AG (Germany) ', 'Eli Lilly and Company (USA) ', 'AbbVie Inc. (USA) ', 'AstraZeneca plc (UK) ', 'Sumitomo Dainippon Pharma Co., Ltd. (Japan) ', 'Indivior PLC (UK) ', 'BioDelivery Sciences International, Inc. (USA) ', 'Aquestive Therapeutics, Inc. (USA) ', 'IntelGenx Technologies Corp. (Canada) ', 'Tesa Labtec GmbH (Germany) ', 'CURE Pharmaceutical Holding Corp. (USA) ', 'ZIM Laboratories Limited (India) ', 'NAL Pharma (UK)'

One of the key drivers in 2022 was the growing patient preference for non-invasive drug delivery methods. Oral thin films offer a convenient and patient-friendly alternative to traditional oral dosage forms like tablets and injections. Patients appreciate the ease of administration, rapid disintegration, and potentially improved medication compliance provided by oral thin films. This driver was further reinforced by the ongoing COVID-19 pandemic, where non-invasive drug delivery methods gained more prominence due to safety concerns.

Complex Manufacturing Processes: A significant restraint in the oral thin films market in 2022 was the complex manufacturing processes associated with these specialized dosage forms. Developing and scaling up the production of oral thin films require advanced equipment, expertise, and stringent quality control. The complexity of manufacturing and associated costs can limit the availability and affordability of oral thin films, hindering market growth.

North America emerges as the dominating region in the global oral thin films market. This region is characterized by advanced healthcare infrastructure, a strong pharmaceutical industry, and a high prevalence of various diseases requiring oral medication. The United States, in particular, contributes significantly to the market due to its robust healthcare system, increasing adoption of innovative drug delivery systems, and a large patient population. Moreover, North America is home to several key players in the oral thin films market, driving the dominance of this region.