The 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.
Global Pharmaceutical Drug Delivery Market report from Global Insight Services is the single authoritative source of intelligence on Pharmaceutical Drug Delivery Market. 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.
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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.
Market Restraints and Challenges
Risk of needlestick injuries may restraint the market growth. Needlestick injuries are one of the most serious health and safety threats. For instance, according to the PharmaJet, in the U.S., around 600,000 to 800,000 needlestick injuries are reported every year. The Occupational Safety and Health Administration (OSHA) estimates that around 5.6 million workers in the US are at the risk of exposure to blood-borne pathogens due to needlestick injuries. Furthermore, the CDC estimates that an average of 385,000 needlestick injuries occur annually in US hospital settings. Similarly, in Europe, more than 1 million needlestick injuries are reported each year as per Becton, Dickinson and Company. Hence aforementioned statistics may hamper the market growth during the forecast period.
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Global Pharmaceutical Drug Delivery Market Segmentation
By Types of Delivery System
- Intrauterine implants
- Product implants
- Polymeric drug delivery
- Targeted drug delivery
- Others
By Application
- Infectious diseases
- Oncology
- Ophthalmology
- Urology
- Diabetes
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
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