Injectable Drug Delivery Devices Market: Description
The most efficient method of administering medications to the intended site is thought to be injectable drug delivery, which also improves patient adherence to the medication. The quick absorption of drugs from many sites, including subcutaneous, intravenous, and intramuscular, is improved by injectable delivery. Medication availability at the target site of action is provided by injection delivery, which increases the bioavailability of the drug in the systemic circulation. The prevalence of chronic diseases has increased usage of syringes in general and disposable syringes in particular. Cardiovascular illnesses, obesity, and diabetes are known to cause the majority of chronic disease-related deaths. Due to population expansion, the rising nations are anticipated to be the most affected.
Overview
Injectable medication delivery market is expected to increase from USD 362.4 billion in 2016 to USD 624.5 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 11.5 percent over the forecast period, according to MarketsandMarkets. The rising use of biologics, the frequency of chronic diseases, the rise in needlestick injuries, and the advantages of injections are the main drivers of this market’s expansion (convenience, ease of use, and reduced pain). The need for tools like safety syringes, prefilled syringes, and autoinjectors has increased as a result of these issues.
The report’s goal is to define, describe, and forecast the size of the injectable drug delivery market based on type, formulation packaging, therapeutic use, consumption habits, site of injection, distribution channel, facility of use, and other factors.
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Critical Market Trends
It is anticipated that the Advanced Drug Delivery Devices segment’s Prefilled Syringes Subsegment would dominate over the forecast period.
A prefilled syringe is a form of parenteral medication administration tool in which the manufacturer has already filled the parenteral medicine in the necessary quantity. By lowering the possibility of accidental needle sticking and exposure to harmful substances that might happen while drawing medication from vials, prefilled syringes increase patient safety. Because these syringes are the safest and most frequently advised administration method for the majority of contemporary vaccines, the prefilled syringes market is anticipated to expand significantly during the study’s projection period.Prefilled syringes make it simple for patients to administer a variety of injectable medications
Injectable Drug Delivery Devices Market : Segment Analysis
Top Key Players
Dickinson and Company
Baxter International
Schott
Eli Lilly
Pfizer
Gerresheimer
Terumo Corporation
Antares Pharma
Novo Nordik
Sanofi
Unilife Corporation
Zogenix
Hospira
Presage Bioscience
MicroCHIPS
Pearl Therapeutics
Genentech
Bend Research
By Types
Devices
Formulation
By Applications
Immune Disorder
Cancer
Diabetes
Key Regions & Countries
North America (the United States
Canada
and Mexico)
Europe
(Germany
France
UK
Russia
and Italy)
Asia-Pacific (China
Japan
Korea
India
and Southeast Asia)
South America (Brazil
Argentina
Colombia
etc.)
and The Middle East and Africa (Saudi Arabia
UAE
Egypt
Nigeria
and South Africa).
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FAQs
- What is the driving factor for the growth of this market?
- How will the COVID-19 pandemic impact this market?
- What is the major application area of the Injectable Drug Delivery Devices market?
- Who are the Injectable Drug Delivery Devices manufacturers across the globe?
- Which geographical location is dominant in this market?
- Which are the top industry players in this market?
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