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Orally disintegrating tablets (ODT) refer to the solid dosage forms designed to enhance a pharmaceutical product's disintegration and dissolution rates. These tablets are also called orodispersible tablets, mouth-dissolving tablets, quick-disintegrating tablets, fast-disintegrating tablets, fast-dissolving tablets, porous tablets, rapid-dissolving tablets, and rapimelts.
ODT is ideal for patients who have difficulties with swallowing mechanisms. They are particularly suitable for geriatric and pediatric patients or those suffering from conditions such as dysphagia. The growing geriatric population is suffering from a wide range of medical conditions, such as cardiovascular diseases and neurological diseases, and has difficulties in swallowing, which are some of the factors driving the market growth throughout the forecast period.
The pharmaceutical industry is experiencing a growth in the demand for fast-acting drugs. ODTs are an ideal solution, as they allow the active ingredients to be absorbed quickly through the oral mucosa, resulting in a rapid onset of the therapeutic effects. This is especially paramount for the treatment of conditions, such as migraines or allergies, where immediate relief is often necessary. Additionally, the growing initiatives by the key industry layers for the development of orally disintegrating tablets (ODT) to treat a wide range of diseases is one of the additional factors driving the market growth.
The COVID-19 pandemic had a positive impact on the orally disintegrating tablets market in 2020. The market witnessed a growing demand for orally disintegrating tablets during the pandemic. This is majorly due to the fact that the COVID-19 infection increased the risk for neurological diseases such as migraines, depression, anxiety, and cardiovascular diseases, including stroke. Therefore, the pandemic hastened the adoption of orally disintegrating tablets for the treatment of several diseases linked with the COVID-19 infection. Thus, this has contributed to increased sales of ODTs in some regions. Furthermore, key stakeholders in the market collaborated to enter into agreements to develop novel orally disintegrating tablets.
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The following key insights are covered in the report:
Based on the indication, the market can be segmented into neurological diseases, cardiovascular diseases, gastrointestinal diseases, allergic diseases, and others.
The neurological diseases segment is anticipated to hold a significant market share during the forecast period due to the rising prevalence of central nervous system (CNS) related disorders. Furthermore, the increasing efforts by the key industry players to receive regulatory approval for the development and launches of orally disintegrating tablets is another factor contributing to the segmental growth throughout the forecast period.
Moreover, the cardiovascular diseases segment is projected to grow at a considerable CAGR during the forecast period. The increasing prevalence of cardiovascular diseases across the globe is one of the main reasons for the segmental growth.
Furthermore, the gastrointestinal diseases segment held a considerable market share in 2023, mainly due to the increasing regulatory approvals for the launches of orally disintegrating tablets used in the treatment of gastrointestinal diseases, such as peptic ulcers, acidity, hyperacidity, and others.
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Based on region, the orally disintegrating tablet market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for a significant market share in 2023 and is expected to exhibit a significant CAGR throughout the forecast period. The market growth in this region is mainly due to several pharmaceutical manufacturers, such as Dr. Reddy’s Laboratories Ltd., Teva Pharmaceuticals USA, Inc., Takeda Pharmaceutical Company Limited, and others. These players are engaged in the development of orally disintegrating tablet formulations.
In addition, the rising prevalence of diseases related to the central nervous and cardiovascular systems has triggered several pharmaceutical companies to develop effective medicines that can be administered with ease. Also, the increasing regulatory approvals for orally disintegrating tablets offering faster medicinal effects for a wide range of diseases is one of the additional factors contributing to the market growth in this region.
Furthermore, the Asia Pacific region accounted for a considerable market share in 2023 and is anticipated to grow at a substantial CAGR throughout the forecast period. The regional growth is primarily attributed to numerous factors, such as the affordability of orally disintegrating tablets due to their cost-effectiveness compared to the other dosage forms. Moreover, there is a rising awareness among healthcare professionals and patients about the benefits and usefulness of orally disintegrating tablets, which is further contributing to their adoption in this region.
The report includes the profiles of key players, such as Teva Pharmaceuticals USA, Inc., Dr. Reddy’s Laboratories Ltd., Amring Pharmaceuticals Inc., Lilly, Pfizer Inc., and Novartis AG.
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