Market Trends of Global Nanoemulsion Industry
This section covers the major market trends shaping the Nanoemulsion Market according to our research experts:
The Antibiotics Segment is Expected to Register a Healthy CAGR Over the Forecast Period
Nanoemulsion formulations are becoming clinically useful as they can provide a substantial advantage over the conventional formulation of antibiotics. This is because the antibacterial activity of antibiotics can be enhanced significantly by dispensing them in a nanoparticle form. Nanoemulsions are used extensively in antibiotic drug deliveries and they have varied purposes. They can act as effective carriers for the bioactivation of antibiotics, helping their administration through various routes such as transdermal, topical, and oral delivery. There is a rising interest in the application of nanoemulsion in antimicrobial properties and effective anti-biofilm agents. This is expected to positively affect the market development during the forecast period.
There are various modes for the administration of nanoemulsion-based medicines. Oral and parenteral modes are quite popular, although other methods (for example, through eye droplets) are also popular. Companies operating in the market collaborate for novel product development. For example, In June 2020, Ascendia Pharmaceuticals announced that it was using its EmulSol technology for making a pipeline product called ASD-004, which is a clear emulsion cyclosporin eyedrop for dry eyes. Initiatives such as these are likely to boost the market growth over the coming years.
Rising antibiotic resistance has received increased attention from researchers and companies across the world. However, the rate of new antibiotics released in the market for therapeutic treatment against emerging 'superbugs' has been low. With increasing applications in a wide range of antibiotics for treating various diseases and the emergence of better treatment possibilities, the companies that invest in the antibiotics segment are steady. Thus, the success rate and adoption may further determine the growth of this market over the forecast period.
North America is Expected to Dominate the Market Over the Forecast Period
North America is expected to dominate the overall market during the forecast period due to the presence of key players, the high prevalence of chronic diseases in the region, and established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the legalization of cannabis-based products are some of the factors expected to drive market growth. In this region, Canada is fast becoming a prominent player. The Canadian cannabis industry is one of the largest in the world. Nanoemulsions are being used by pharmaceutical drug manufacturers operating in this field. For instance, In June 2020, Emerald Health Therapeutics Inc. launched a new nanoemulsion-based Fast Action Spray product line involving cannabis infused with nanoemulsion. The innovative formulation offers unique advantages over existing formats of cannabis consumption in terms of convenience and predictability of consumption.
Furthermore, In February 2020, Pressure BioSciences Inc., a company based in Massachusetts, United States, announced the opening of its Ultra Shear Technology Demonstration Laboratory that can process CBD oil into high-quality, water-soluble nanoemulsions. The UST Demo Lab is located in the company's South Easton facility in Massachusetts. The UST Demo Lab will study ways to make hemp-derived cannabinoid oil effectively soluble in water and to optimize absorption and bioavailability when consumed or applied. Thus, innovative product developments by major companies in this region are expected to have a positive effect on the nanoemulsion market.
