Injectable Drug Delivery Market is estimated to increase rapidly over the forecast period. Sedentary lifestyles have spread over the world as a result of rapid technological adoption. Obesity rates are rising as a result of this shift in lifestyle, which is leading to a slew of chronic ailments including diabetes and cardiovascular disease. With the development of chronic diseases, healthcare systems' desire to focus more on advanced drug delivery technologies has skyrocketed. Hence, this led to the introduction of injectable drug delivery devices in the market.
Data Bridge Market Research analyses that the injectable drug delivery market was valued at USD 17.13 billion in 2021 and is expected to reach USD 46.84 billion by 2029, registering a CAGR of 13.40% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Formulations, techniques, technologies, and systems for conveying a pharmaceutical ingredient in the body are collectively referred to as drug delivery. Needle-free injectors, traditional syringes, auto injectors, and pen injectors are among the injectable drug delivery systems.
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Injectable Drug Delivery Market Dynamics
Drivers
· Increasing incidences of chronic diseases will drive the market's growth rate
Due to the effective and focused drug release as well as low side-effects on the body, the global drug delivery market is primarily driven by rising prevalence of chronic diseases such as cancer around the world.
· Rising number of geriatric populations will propel the growth rate of market during the forecast period
The rising geriatric population is driving the global injectable drug delivery market. The geriatric population necessitates a bigger supply of generic medications and dosages. Growing old comes with a slew of ailments, which has resulted in a spike in the medicine delivery sector.
Furthermore, the incrementing global biologics and biosimilar market will be a major factor influencing the growth of the injectable drug delivery market. Along with this, increasing urbanization and rising level of disposable income are the driving factors accelerating the growth of the injectable drug delivery market. Also, the rise in the changing lifestyle and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of injectable drug delivery market. Other significant factors that will cushion the injectable drug delivery market's growth rate are increasing promotion of new products and new innovations.
Opportunities
· Growing number of R&D activities will boost many market opportunities during the forecast period
Moreover, the rising number of research and development activities will provide beneficial opportunities for growth in the injectable drug delivery market.Moreover, advanced prodrug implants, chip-based drug delivery, and technological advancement will provide beneficial opportunities for the market growth of the injectable drug delivery during the forecast period.
Global Injectable Drug Delivery Market Scope
The injectable drug delivery market is segmented on the basis of type, formulation packaging, therapeutic application, usage pattern, site of administration, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Injectable Drug Delivery Devices
· Injectable Drug Delivery Formulation
Formulation Packaging
· Ampoules
· Vials
· Cartridges
· Bottles
Therapeutic Application
· Autoimmune Diseases
· Hormonal Disorders
· Orphan Diseases
· Cancer
· Others
Usage Pattern
· Curative Care
· Immunization
· Other
Site of Administration
· Skin
· Circulatory/Musculoskeletal System
· Organs
· Central Nervous System
Distribution Channel
· Hospital
· Retail Pharmacy Stores
End User
· Hospitals and Clinics
· Home Care Settings
· Others
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Injectable Drug Delivery Market Regional Analysis/Insights
The injectable drug delivery market is analysed and market size insights and trends are provided by country, type, formulation packaging, therapeutic application, usage pattern, site of administration, distribution channel and end user as referenced above.
The countries covered in the injectable drug delivery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the injectable drug delivery market because of the increasing adoption of advanced injectable drug delivery and a large patient pool. Additionally, rising expenditure for healthcare infrastructure will flourish the market's growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to rising awareness and increasing number of patient population in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The injectable drug delivery market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for injectable drug delivery market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the injectable drug delivery market. The data is available for historic period 2010-2020.
Competitive Landscape and Injectable Drug Delivery Market Share Analysis
The Injectable drug delivery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to injectable drug delivery market.
Some of the major players operating in the injectable drug delivery market
Abbott (U.S.), B.D. (U.S.), Novartis AG (Switzerland), Pfizer Inc. (U.S.), Baxter (U.S.), Gerresheimer AG (Germany), AstraZeneca (U.K.), Terumo Medical Corporation (Japan), Teva Pharmaceutical Industries Ltd.(Jerusalem), Eli Lilly and Company (U.S.), Schott AG (Germany), Sanofi (France), Johnson & Johnson Private Limited (U.S.), Mylan N.V. (U.S.), West Pharmaceutical Services, Inc. (U.S.), SHL Medical AG (Switzerland), Insulet Corporation (U.S.), E3D Elcam Drug Delivery Devices (Israel), Ypsomed AG (Switzerland), AbbVie Inc. (U.S.), and Novo Nordisk A/S (Denmark), among others.
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About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
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