MEA Thin Film Drugs Market

Middle East and Africa Thin Film Drugs Market Size & Growth (2023 to 2028)

As per the research report, the size of the Middle East and Africa Thin Film Drugs market is valued at USD 2.01 billion in 2023 and is expected to reach USD 3.01 billion by 2028 at a 9.00% CAGR during the forecast period 2023 to 2028.

Thin-film drugs have become extremely popular as an alternative to tablets or capsules due to their greater effectiveness. Thin-film drugs dissolve quickly in the mouth and release the drug directly into the body's systemic circulation. They are extra benefits of patient compliance, ease of storage, and transport. Due to these reasons, they are referred to pediatric patients, patients with functional disabilities, drugs which need faster action time, and patients with a gag reflex. These factors increase the popularity of thin-film medications, thus increasing their production in the pharmaceutical industry.

Thin-film drugs are given for diseases like schizophrenia, migraine, opioid dependence, nausea & vomiting, etc. As these are newly developed products, they are attracting the attention of many pharmaceutical companies to cater to the growing demand for thin-film drugs with a high level of acceptance and impressive benefits. With effective customer-centric strategies, companies aim to increase the volume of consumers across several GCC countries.

The increasing demand for efficient drug delivery systems, the low cost of manufacturing thin-film drugs, the presence of good reimbursement policies, and continuous research and development activities are the factors that will have a positive impact on the MEA thin film drugs market. Researchers focus on developing new polymeric light film drugs at a lower price to be affordable for consumers in underdeveloped and developing regions.

In addition, beneficial government initiatives and the increase in the number of pharmaceutical companies are other drivers expected to increase the growth of the MEA thin-film drugs market.

However, several restraints and challenges are anticipated to hurt the MEA thin-film drug market. Factors such as high costs associated with research, lack of grants and funds, availability of alternative drug delivery options, poor healthcare infrastructure, and lack of awareness about these products will restrain the market growth. In addition, specific side effects like the bitter aftertaste, tongue inflammation, and allergic reaction due to some organic solvents will challenge this market during the period mentioned above.

This research report on the MEA Thin Film Drugs Market has been segmented and sub-segmented into the following categories.

By Product:

• Oral Thin Film
• Transdermal Thin Film

By Disease Indication:

• Schizophrenia, Migraine
• Opioid Dependence
• Nausea and Vomiting

By Distribution Channel:

• Hospital Pharmacies
• Drug Store
• Retail Pharmacies
• E-Commerce

By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

Geographically, the MEA thin film drugs market is still in its niche stages across many MEA regions; the market is anticipated to grow steadily during the analysis period, especially in the GCC countries.

The UAE thin film drugs market accounted for the largest market share and is estimated to continue with the same trend. This market growth can be attributed to a structured pharmaceutical industry, a large patient population in need of medications, and the early adoption of advanced and innovative products. In addition, rapid and constant research and development activities will provide significant growth opportunities in the years to come.

The Saudi Arabia thin film drugs market is expected to grow at a significant CAGR during the forecasted period. Factors such as a vast geriatric population, an increase in healthcare spending, and more clinical trials in laboratories, institutes, and medical and research centers will drive the market in the next few years.

KEY MARKET PLAYERS

The leading companies leading the MEA Thin Film Drugs Market profiled in the report are Sumitomo Dainippon Pharma Co. Ltd., ZIM Laboratories Limited, IntelGenx Corp, Indivior Plc., MonoSol Rx, Pfizer Inc., IntelGenx Corp., Novartis AG, Wolters Kluwer, Solvay, Allergan plc.,