The global U.S. Nasal Spray Market is estimated to be valued at US$ 9903.35 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Nasal sprays are used for relieving symptoms like congestion by opening nasal passages. They provide fast relief from common cold, allergies and other respiratory issues. Their non-drowsy formulation and ease of use makes them a preferred choice over oral medications.

Market key trends:

One of the key trends fueling the growth of the U.S. nasal spray market is the rising incidence of allergic rhinitis and other respiratory disorders. According to AAAAI, allergic rhinitis affects over 60 million Americans annually. The increasing air pollution levels and changing climate have worsened the airborne allergens responsible for inducing allergic rhinitis. Nasal sprays containing corticosteroids are highly effective in managing symptoms of seasonal allergic rhinitis by reducing inflammation and nasal blockage. Their OTC availability and affordable prices have made them a mainstay therapy for treating common cold and sinus infections as well.

Segment Analysis:

The U.S. nasal spray market is segmented into decongestant, antihistamines, steroid, and others. Among these, the decongestant segment held the largest market share in 2023 owing to high prevalence of common cold and nasal congestion issues. Decongestant nasal sprays help provide quick relief from nasal congestion and are available both over-the-counter and with a prescription.

Key Takeaways:

The Global U.S. Nasal Spray Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing prevalence of allergic rhinitis and respiratory diseases.

The regional analysis of the U.S. nasal spray market shows that the Western region dominates the market currently. This is attributed to higher adoption of nasal sprays as well as availability of advanced products for treatment of nasal congestion, runny nose, and others. However, the Southern region is expected to register the highest CAGR over the forecast period.

Key players operating in the U.S. nasal spray market are GlaxoSmithKline plc, Sanofi S.A., Bayer AG, Merck & Co., Inc., Novartis AG, Johnson & Johnson Services, Inc., Pfizer Inc., Procter & Gamble, AstraZeneca Plc., NeilMed Pharmaceuticals Inc., Church & Dwight Co., Inc., and Neurelis, Inc. GlaxoSmithKline plc dominated the market in 2023 owing to its wide product portfolio of nasal sprays for relief of allergies, cold, flu, and congestion.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it