The drug delivery market is projected to grow at a CAGR of 7.93% to reach US$1,058.792 billion by 2024, from US$669.691 billion in 2018. Drug delivery is referred to the transfer of drug into the human body either manually or through drug delivery systems or carriers via oral, nasal or skin. These are in high demand due to the growing prevalence of certain diseases which require targeted drug treatments like cancer. Rising R&D investments, growing healthcare expenditures and growing age-related diseases with the increasing elderly population worldwide are also driving the growth of the global drug delivery market in the forecast period. Drug delivery systems/devices/technologies control the rate of drug release and the drug is released to a specific diseased location.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the drug delivery value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the drug delivery market.
Major industry players profiled as part of the report are Pfizer Inc., Insulet Corporation, West Pharmaceutical Services, Inc., Enable Injections and Ascendis Pharma A/S among others.
The drug delivery market has been analyzed through following segments:
Inhalation Drug Delivery
Injectable Drug Delivery
Nasal Drug Delivery
Oral Drug Delivery
Transdermal Drug Delivery
Drug delivery patches
Infectious diseases treatment
Middle East and Africa