Drug delivery market is expected to gain market growth in the forecast period of 2022 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.0% in the forecast period of 2022 to 2028 and expected to reach USD 2,378.99 billion by 2028. Rising acceptance of self-administering drugs and increasing awareness about diagnosis and treatment around the globe is a driving factor for the market growth.
The process of introducing a therapeutic effect in the body of human by administering a drug at a specific targeted site is known as drug delivery. By controlling the rate, time and release of drug in the body the safety and efficacy of drug can be improved. There can be many ways of delivering drugs like, oral, injectable, pulmonary, nasal and others.
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Market Analysis and Insights: Global Drug Delivery Market:
Drug delivery market has increased with technological development and the growth in the development of biologics in the developed as well as developing countries. For instance, by 2018 out of top one hundred drugs the sales from biological medicines is projected to account for 49% and also spending on biologics in the United States was seen to be for USD 120.10 billion in 2017, which is a 12.5% increase over 2016.
Rising prevalence of chronic and non-chronic disease has increased the market for drug delivery devices as the numbers of people that are being treated are more and also the latest technological development has led to the treatment of very rare and impossible to treat diseases, therefore more people will be attracted towards them. Currently, various research studies are taking place which is anticipated to create a competitive advantage for manufacturers to create novel and inventive drug delivery devices and expected to offer various other opportunities in the drug delivery market. However, high cost of drug delivery procedures and rigid regulations for drug delivery procedures is estimated to restraint the market growth as to get approvals is difficult and problematic task along with the enforced monetary liability upon drug delivery devices manufacturers and researchers.
Global Drug Delivery Market Scope and Market Size
Global drug delivery market is segmented on the basis of product type, end user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of product type, the market is segmented into oral drug delivery, pulmonary drug delivery, injectable drug delivery, opthalmic drug delivery, nasal drug delivery, topical drug delivery, implantable drug delivery and transmucosal drug delivery. In 2020, oral drug delivery segment is expected to dominate the market due to the high reception of oral drug delivery route of administration by the patients as it is one of the humblest, convenient, and harmless routes for drug administration.
· On the basis of end user, the market is segmented into hospitals, community healthcare, home healthcare, clinics and others. In 2020, hospitals segment is expected to dominate the market as hospitals are the first contact points for various types of treatments and surgical procedures, also the needs of all the in-house patients are catered.
Table of Contents: Global Drug Delivery Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Drug Delivery in Healthcare Industry
7 Global Drug Delivery Market, by Product Type
8 Global Drug Delivery Market, by Modality
9 Global Drug Delivery Market, by Type
10 Global Drug Delivery Market, by Mode
11 Global Drug Delivery Market, by End User
12 Global Drug Delivery Market, by Geography
13 Global Drug Delivery Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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