North America Drug Delivery Market Size, Share, Opportunities, And Trends By Type (Inhalation Drug Delivery, Injectable Drug Delivery, Nasal Drug Delivery, Oral Drug Delivery, Transdermal Drug Delivery), By Application (Disease Treatment, Research/Academic Purposes), And By Country (USA, Canada, Mexico, Others) - Forecasts From 2021 To 2026

Published:  Jun 2021 Report Code: KSI061612613 Pages: 92

The North America drug delivery market is projected to grow at a CAGR of 10.04% to reach US$657.863 billion by 2026, from US$336.766 billion in 2019. Drug delivery is known as the process of inducing a therapeutic effect in the body of a human by administering a drug at a specific site. There can be several ways of delivering drugs like oral, injectable, pulmonary, nasal, and others. Advancements in the drug delivery system are being made by studying and exploiting the properties of nanoparticles, which will make the process of drug delivery more efficient and time-saving. Also, by controlling the rate, time, and release of the drug the safety and efficiency of the drug are expected to be improved. The drug delivery market in North America is poised to grow at a fast pace owing to the early adoption of technology, an aging population, and the prevalence of chronic diseases. In addition, high health expenditure is augmenting the market growth during the forecast period. According to the Center for Disease Control and Prevention (CDC), chronic diseases account for 90% of the total healthcare costs in the United States annually. The increasing use of self-administering drugs and rising awareness about diagnosis and treatment across the world is expected to fuel the market growth. According to the World Health Organization (WHO), the improvements in medical treatment and healthcare systems have resulted in higher survival rates from disease and injury over the last decade. This in turn will support the market growth of the North America drug delivery market. Furthermore, technological development and the growth in the development of biologics are further projected to drive market growth. For instance, for the manufacturing of large-scale monoclonal antibodies, pharmaceutical companies Sanofi and Lonza are planning to invest USD 299.43 million by the year 2022. Several research studies are being conducted in the United States, which will create an advantage for manufacturers to develop novel drug delivery devices, which will support the growth of the market in the region.

By type, the oral drug delivery system is estimated to hold a dominant market share owing to the high reception of oral drug delivery routes of administration by the patients as it is an extremely convenient and harmless route for drug administration. By application, the disease treatment is projected to hold a significant market share as drug delivery is largely used to cure chronic and other prevalent diseases. On the other hand, the research/ academic purposes segment is also expected to grow notable due to various research studies and technological advancements taking place in the region. By country, the United States segment is estimated to account for a major portion of the market share owing to the growing geriatric population and the common occurrence of chronic diseases in the region.

Growth Factors.

  • Increasing prevalence of chronic diseases

The increasing prevalence of medical conditions and diseases such as cardiovascular diseases, diabetics, cancer, neurological disorders, strokes, and respiratory diseases has considerably increased in the North America region in the last few years. According to the World Health Organization, the rate of new cases of cancer is 442.4 per 1,00,000 men and women per year in 2017. With the constant increase in the prevalence of these diseases the demand for the drug delivery market in the region is expected to surge. Recent developments and innovations in the drug delivery system like pulmonary and injectable drug delivery systems, and the transdermal patches will further fuel the market growth during the forecast period.

  • Development of Biologics

Biologics is the fastest-growing segment in the pharmaceutical market. The growth of biologics will subsequently augment the market growth of the drug delivery market in the region. The development and manufacturing of branded and generic drugs are becoming competitive with several new players entering the market. This will increase the competitiveness of the market.

Restraints.

  • Stringent regulations

The stringent regulations for the approval of drugs and medical devices may impede the market growth during the forecast period. To sell any drug in the North American region, it is essential to take approval from the FDA, they have a five-step process after which the approval is granted. The regulations are very strict which may hamper the market growth during the forecast period.

Impact of COVID–19.

The Covid-19 pandemic resulted in an upsurge in the North America drug delivery market as due to the virus outbreak the demand for healthcare increased exponentially in the region. The lack of effective treatment, healthcare infrastructure, and unavailability of medications resulted in expanding the drug delivery market. Also, owing to the pandemic, the process of approval from the FDA become relatively easier, which further resulted in market growth.

Competitive Insights.

Prominent/major key market players in the North America Drug Delivery Market include AstraZeneca PLC, West Pharmaceutical Services, Inc., Becton, Dickinson and Company, Medtronic PLC, Boston Scientific Corporation, Cipla, Inc., 3M Company, Ethypharm SAS, Stevanato Group, and Gerresheimer AG. The players in the North America Drug Delivery Market are implementing various growth strategies to gain a competitive advantage over their competitors in this market.  For instance, in May 2020, Becton, Dickinson and Company, is expanding business operations in Spin to meet the growing demand of biologics. Major market players in the market have been covered along with their relative competitive strategies in this report and the report mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the North America Drug Delivery Market.

Segmentation:

  • By Type
    • Inhalation Drug Delivery
    • Injectable Drug Delivery
    • Nasal Drug Delivery
    • Oral Drug Delivery
    • Transdermal Drug Delivery
  • By Application
    • Disease Treatment
    • Research/Academic purposes
  • By Country
    • United States
    • Canada
    • Mexico
1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. North America Drug Delivery Market Analysis, By Type
5.1. Introduction
5.2. Inhalation Drug Delivery
5.3. Injectable Drug Delivery
5.4. Nasal Drug Delivery
5.5. Oral Drug Delivery
5.6. Transdermal Drug Delivery

6. North America Drug Delivery Market Analysis, By Application
6.1. Introduction
6.2. Disease Treatment
6.3. Research/Academic purpose

7. North America Drug Delivery Market Analysis, By Country
7.1. United States
7.2. Canada
7.3. Mexico 

8. Competitive Intelligence
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players

9. Company Profiles
9.1. AstraZeneca PLC
9.2. West Pharmaceutical Services, Inc.
9.3. Becton, Dickinson and Company
9.4. Medtronic PLC
9.5. Boston Scientific Corporation
9.6. Cipla Inc.
9.7. 3M Company
9.8. Ethypharm SAS
9.9. Stevanato Group
9.10. Gerresheimer AG
 

AstraZeneca PLC

West Pharmaceutical Services, Inc.

Becton, Dickinson, and Company

Medtronic PLC

Boston Scientific Corporation

Cipla, Inc.

3M Company

Ethypharm SAS

Stevanato Group

Gerresheimer AG

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