New York, Global Pharmaceutical Drug Delivery Market was valued at USD 2.2 billion in 2021 and it is anticipated to grow up to USD 3.3 billion by 2031, at a CAGR of 4.2% during the forecast period.
The global pharmaceutical drug delivery market report from Global Insight Services is the single authoritative source of intelligence on Pharmaceutical Drug Delivery Marke. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The pharmaceutical drug delivery systems consist of various forms, including controlled-release and oral delivery systems. They can help maximize therapeutic efficacy by controlling drug pharmacokinetics, reducing toxicity, increasing accumulation at the target site, as well as improving patient compliance and acceptance.
Request sample copy of this research study: https://www.globalinsightservices.com/request-sample/GIS10350/
Market Trends and Drivers
Rising prevalence of chronic conditions including kidney disease will foster the pharmaceutical drug delivery market trends during the forecast timeframe. As per the CDC, nearly 15% of U.S. adults have chronic kidney disease, which could boost the pharmaceutical application of targeted drug delivery through the use of nanomaterials for effective chronic disease treatment. Such factors, along with an increase in healthcare spending across the developing economies, will further generate opportunities for industry growth during the forecast timeline.
Get Customized Report as Per Your Requirement: https://www.globalinsightservices.com/request-customization/GIS10350/
Global Pharmaceutical Drug Delivery Market Segmental Overview
The report analyses the global pharmaceutical drug delivery market based on types of delivery system, application, route of administration, end use, and region.
Global Pharmaceutical Drug Delivery Market by Types of Delivery System
Based on types of delivery system, it is segmented into intrauterine implants, product implants, polymeric drug delivery, targeted drug delivery and others. Among these, the polymeric drug delivery segment accounted for significant market share in 2021. The polymeric drug delivery segment is set to account for a major share in the pharmaceutical drug delivery market by 2031. This can be attributed to the myriad benefits of polymeric nanoparticles in drug delivery, including increased drug penetration and retention, controlled release, and the transport of insoluble drugs. The escalating development of novel polymeric drug delivery platforms, including TREKKA Therapeutics CAPRO, for pharma and biopharma companies to improve dosing, efficacy, accuracy, and reproducibility in drug discovery and delivery research will also foster the segment expansion in the coming years.
Global Pharmaceutical Drug Delivery Market by Application
Based on application, it is segmented into infectious diseases, oncology, ophthalmology, urology, diabetes, central nervous system diseases, cardiovascular diseases, respiratory diseases and others. Among them, the Central Nervous System (CNS) disorders segment is expected to experience the fastest growth rate during the forecast period. Growing incidence of neurological disorders such as Parkinson’s disorder, Alzheimer’s disease, Hunter’s syndrome, and brain tumor is expected to boost the segment growth over the forecast period. Therefore, to enhance the treatment of these neurological disorders, new drug delivery devices are being developed for CNS based on rational drug design and using receptor-ligand interaction for understanding the appropriateness of drug delivery on the site.
Global Pharmaceutical Drug Delivery Market by Route of Administration
Based on route of administration, it is segmented into oral, injectable, inhalation, ocular, nasal, topical and others. Among them, topical segment is expected to experience the fastest growth rate during the forecast period. This can be attributed to convenience and the ease of use, the ease of dosage, painless and non-invasive administration, and enhanced patient compliance. The increasing prevalence of infectious diseases across the globe is the major factor driving the market growth. Also, the current COVID-19 pandemic scenario has increased the R&D expenditure for new drugs in the market along with the increase in FDA approvals for such drugs, thus propelling the segmental growth.
Global Pharmaceutical Drug Delivery Market by End-use
Based on end-use, it is segmented into hospitals, clinics, homecare settings, ambulatory surgical centers, diagnostic centers, and others. The hospitals segment accounted for significant revenue share in 2021 owing to the increasing healthcare expenditure to provide a proper diagnosis, treatment, and improved patient care in hospitals. Furthermore, hospitals have trained professionals along with strong financials to purchase expensive medical devices. COVID-19 has also positively impacted the hospital segment. Also, according to data published by Public Health England in 2019, lung disease accounts for 700,000 hospital admissions every year. This rise in the number of diagnoses and treatments in hospitals will flourish the market growth. Such factors increase the demand for therapeutic respiratory devices in hospitals. Moreover, patients admitted in the hospital with various disorders require different drugs for treatment for which various drug delivery devices are used. However, hospital-acquired infection is expected to impact the adoption of drug delivery devices in hospitals, which in turn may decline the segment growth during the forecast period.
Geographical Analysis of Global Pharmaceutical Drug Delivery Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America held the largest share in the market largely due to the presence of major players in the region and growing adoption of drug delivery devices. Moreover, increasing awareness in the region regarding the advantages of drug delivery devices is also expected to boost market growth in the region. In addition, growing product approval in countries such as the U.S. is also expected to contribute toward market growth. In March 2019, Aptar Pharma received the U.S. FDA approval for nasal drug delivery device.
Major Players in the Global Pharmaceutical Drug Delivery Market
The key players in the market are Johnson & Johnson (US), Novartis International AG (Switzerland), F. Hoffmann-La Roche AG (Switzerland), Pfizer Inc. (US), Bayer AG (Germany), Antares Pharma, Inc. (US), Becton, Dickinson and Company (US), GlaxoSmithKline plc (UK), 3M (US), and Merck & Co., Inc. (US) among others
Purchase your copy now: https://www.globalinsightservices.com/checkout/single_user/GIS10350/
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700