Drug Delivery Market Driven by Burgeoning Demand from Chronic Diseases
Aug 8, 2019
The global drug delivery market valued at $17.50 billion in 2018 and estimates to grow with a compound annual growth rate (CAGR) of 7.20% over the forecast period.
Hyderabad, India - August 8, 2019 /MarketersMedia/ —
Currently, rapid development in the field of science is encouraging nanomedicine and nano delivery systems. Recent innovation and advancement in both nanomedicine and nano-based drug delivery systems are boosting the application of nanomaterials in enhancing the efficiency of innovative drugs. IndustryARC business intelligence report evaluates that the global drug delivery market valued at $17.50 billion in 2018 and estimates it to grow with a compound annual growth rate (CAGR) of 7.20% over the forecast period.
The report, titled: “Drug Delivery Market: By Technology (Syringes, Inhalers, Intrauterine Devices, Powered Injectors, Others); By Applications (Oncology, Cardiology, Gynecology, Asthma, Diabetes, Other); By End Users (Patient, Hospital, Clinics, Others) & Geography – Forecast (2019 - 2025).” It provides a detailed analysis of the competitive landscape, market trends, market drivers, market opportunities, and strategic analysis of the global drug delivery market. This report covers Drug Delivery Market Size by technology and applications, Drug Delivery Market share by top 5 companies and also the market share by start-ups during the forecast period.
View Full Table of Contents of Drug Delivery Market:
https://www.industryarc.com/Report/10599/drug-delivery-market-analysis.html
Report Price (Single User): US $3850
Drug Delivery Market: Leading Segments
Drug development systems are mostly emerging through pharmaceutical formulation development and pharmacology. Quick growth in the biotechnological industry coupled with an augmented incidence of long-lasting diseases such as cancer and diabetes in North America are influencing the growth of drug delivery market. Enormous healthcare expenditure in the well-developed healthcare sector is mainly propelling the growth of the injectable drug delivery devices market in this region. For this, North America held a leading share of 36% among other regions in the global drug delivery market as of 2018.
Drug delivery is bound to play a central role in the forthcoming pharmaceutical research. Unique drug delivery systems are designed to deliver a drug in such a way that it can be utilized with utmost effectiveness. Conventional injection devices are identified as the fastest growing type with a CAGR of 6.70% during the aforementioned foreknown period. Widespread use of syringes is increasing the acceptance of conventional injection devices.
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Drug Delivery Market: Disruptive Trends
Nano-based drug delivery system is the latest innovation in the market of delivery systems to deliver therapeutic agents to its target location for the treatment and diagnosis of various diseases. Presently, nanotechnology-mediated drug delivery system is being primarily used to cure the cancer disease.
The increasing rate of chronic diseases is leading to rising demand for biology, technological advancements, and new product innovations, thus acting as growth promoting factors of the global drug delivery market. Therefore, the global drug delivery technology market is evaluated to grow at a CAGR of 7.2% throughout the forecast period and reach $1,669.40 billion by 2021.
Evolving needle-free injection technology to treat escalating diseases such as diabetes as it is more efficient, comfortable, and less painful drug administration for patients. According to the International Diabetes Federation (IDF), at present 415 million people are affected by diabetes and it is anticipated to reach 629 million by 2045. Furthermore, it is creating significant opportunities for medical device companies to explore more for alternative methods to deliver medicine.
OEMs continuous fight to elevate most efficient and less invasive drug delivery through next-generation needle-free injection technologies,
Drug Delivery Market: Competitive Landscape
Some of the key strategic players which are operating with major market shares in the drug delivery market are Becton, Baxter International, Gerresheimer AG, Dickinson and Company, Pfizer, Schott AG, Eli Lilly and Company, and Terumo Corporation.
Related Reports:
A. Nanotechnology Drug Delivery Market
https://www.industryarc.com/Report/16071/nanotechnology-drug-delivery-market.html
B. Drug Delivery Technologies Market
https://www.industryarc.com/Research/Drug-Delivery-Technologies-Market-Research-501404
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Source URL: https://marketersmedia.com/drug-delivery-market-driven-by-burgeoning-demand-from-chronic-diseases/88905005
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