Drug Delivery Devices Market surpassed USD 219 billion in 2021, owing to the growing importance to develop a patient-complaint drug delivery system | insightSLICE
The global Drug Delivery Devices market size was estimated to be US$ 219 billion in 2021 and is expected grow at a CAGR of 6.1% between 2023 to 2032.
In the report “Drug Delivery Devices Market,” industry trends, research, and predictions for the years 2022–2032 are presented. Here 2020 represents the historical period, 2021 is the baseline period, and the projected period runs from 2022 through 2032.
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The research takes into account the competitive environment, and the report will give an overview of the major companies in the global market for drug delivery devices as well as their market forecasts. Our report for drug delivery products will also include data about recent advancements, global and regional sales factors, key strategies, staff strength, and key executives for all significant market participants.
Which are the major companies operating in the drug delivery devices market?
Becton, Dickinson and Company, Bayer AG, Johnson and Johnson, Novartis AG, Epeius Biotechnologies Corporation, Shanghai Sunway Biotech Co., Ltd, F. Hoffmann-La Roche Ltd., Pfizer, Inc., SiBiono GeneTech Co., and Unique N.V. are among the major competitors in the global drug delivery devices market.
What are the main reasons for the growth of Drug Delivery Devices Market?
Via enhanced drug administration and fewer side effects, advancements in drug delivery systems have improved patients’ treatment responses. Targeted medication delivery using sophisticated biomedical systems like subdermal implants is becoming more and more popular, which has drastically changed the market environment.
The majority of medications do have chronic adverse effects, though, including undesired drowsiness brought on by oral medications used to treat seasonal allergies. To reduce the negative effects of medications brought on by ineffective drug delivery, businesses and government organizations are concentrating on developing enhanced drug delivery devices.
The primary reasons propelling the expansion of the global drug delivery devices market include rising investments in the development of improved biomedical equipment, patient-centric medicines, and new drug delivery systems.
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What are the factors affecting regional growth rate for drug delivery products?
Given the prevalence of chronic and infectious diseases, the presence of important medical device manufacturers, and rising investments in the development of cutting-edge drug delivery applications, North America accounted for the highest share of the global market for drug delivery devices in 2019.
The top producers are concentrating on creating cutting-edge tools for better medication delivery with negligible adverse effects on non-target organs or processes, which is expected to increase competitiveness in the worldwide market.
Asia Pacific was a significant contributor to the worldwide market in 2019 and is anticipated to see the quickest growth during the forecast period. The major factors propelling the Asia Pacific drug delivery market include expanding adoption across the major nations and rising awareness of cutting-edge medical technologies.]
Global Drug Delivery Devices Market Key Segments:
Based On Route of Administration
- Oral
- Inhalation
- Transdermal
- Injectable
- Ocular
- Nasal
- Topical
- Others
Based On Mode of Delivery
- In-situ
- Ex-vivo
By Application
- Oncology
- Infectious Diseases
- Respiratory Diseases
- Diabetes
- Cardiovascular Diseases
- Autoimmune Diseases
- Central Nervous System Disorders
- Others
By End Use
- Hospitals
- Diagnostic Centers
- Ambulatory Surgery Centers/Clinics
- Home Care Settings
- Others
By Geography:
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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What statistics are covered in this report?
With an emphasis on major companies present in Drug Delivery Devices, this report offers an in-depth analysis of leading companies with a majority share of the global market.
This would help you to identify the company segment focused on the production of drug delivery equipment. It will also estimate the market shares of well-known firms in the global market for Drug Delivery Devices.
The report considers critical competitive data, including company strategy, product offerings, public reports, and research and innovation initiatives of all the drug delivery device manufacturers.
The supply chain and value chain actors, as well as their contributions, will be taken into account in the global market analysis for medication delivery devices. The company’s drug delivery devices business sector would be the main emphasis of the product portfolio.
Similar to this, the recent developments section would concentrate on the most recent firm developments, such as significant alliances and collaborations mergers and acquisitions, the introduction of new products, and global coverage in the market for global drug delivery systems.
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