Global Drug Delivery Devices Market – Size, Outlook, Trends and Forecast (2024

Global Drug Delivery Devices Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Drug delivery is a method which refers to the formulations, approaches, and technologies used to deliver drugs or chemical substances in the body. This process can be done for diagnosis, treatment, cure, or prevention of any diseases such as diabetes, viral and bacterial diseases, gastrointestinal illnesses, allergies, etc. Generally, Silicone, ethylene vinyl acetate, polyurethane, acrylate hydrogels, and other biodegradable substances are the materials which are used to manufacture drug delivery systems.

Global Drug Delivery Devices Market Report Segments Size & Growth:

Global drug delivery devices market size is projected to reach approximately $1673.25 billion by the end of 2024 with a CAGR of close to 7.5% from $1182.15 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include technological advancements, increased prevalence of chronic diseases, need for controlled drug release, the rise in individual therapy, and increased understanding about drug metabolism among the population. However, recall of the products, strict regulatory framework, and injuries and infections fear while usage is thereby hindering the market growth. Various opportunities for drug delivery devices market include increasing demand for biosimilars and generic drugs, focus on overcoming unmet medical needs, self-administration & home care, and emerging markets.

Global Drug Delivery Devices Market Report Segments Share:

Global drug delivery devices market is categorised into the mode of delivery which comprises nasal, oral, ocular, implantable, injectable, transdermal, topical, pulmonary, rectal, and other. Furthermore, they are categorised into various sub-segments. By nasal, it is segmented into nasal inhalers, nasal sprays, nasal drops, and others. By oral, it is segmented into hydrodynamic pressure controlled system, slow dissolving salts & complexes, ion – exchange resin drug complexes, Ph – independent formulations, osmotic pressure controlled systems, diffusion controlled

Global Drug Delivery Devices Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

systems, and dissolution controlled systems. From ocular, it is segmented into ointments & gels, eye drops, and others. By implantable, it is segmented into intravitreal implants, brachytherapy seeds, contraceptives, and drug-eluting stents. By injectable, it is segmented into conventional drug delivery and self-Injected drug delivery. By transdermal, it is segmented into the mode of administration, type of patches, & transdermal gels and they are further segmented into microscopic injections, ultrasound, electroporation, iontophoresis, vapour patch, matrix, reservoir, multilayer drug in adhesive, single layer drug in the adhesive. By topical, it is segmented into semi-solid formulations, liquid formulations, and solid formulations. By pulmonary, it is segmented into the nebuliser, dry powder inhalers, and metered dose inhalers. The topical segment is anticipated to witness the highest growth rate. The factors which the boosting the growth of the segment are convenience and ease of use, ease of dosage, painlessness, noninvasiveness, and enhanced patient compliance.

By end-users, the market is segmented into hospitals, ambulatory surgical centres/clinics, home care settings, diagnostic centres, and others. Among them, the hospital’s segment is expected to hold the largest share in the market during the forecast period owing to increasing number of inpatient and outpatient visits in hospitals as compared to other end users and the requirement of large volumes of drugs and their respective delivery devices to procure to the demand of the patient pool.

By Geography, North America is expected to hold the largest share in the market because of the increasing demand for improved drug delivery systems, rising accessibility and affordability of drug delivery devices, and increasing number of chronic diseases in the region. Asia-Pacific is expected to witness the highest growth rate because of rising prevalence

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Global Drug Delivery Devices Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

of various chronic diseases and ageing population in this region. Furthermore, the improving economic conditions in the region are also expected to support the growth of the drug delivery devices market in Asia-Pacific.

Global Drug Delivery Devices Market Report Trends:

Mylan company has announced that they have acquired Abbott’s Non-U.S. developed markets speciality and branded generics business in an all-stock transaction.
Braun Medical has received the FDA Approval for 0.9% Sodium Chloride in Ecoflac Plus, which is an injectable drug delivery device.

Global Drug Delivery Devices Market Report Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

Abbott Laboratories
Braun Melsungen AG
Pfizer, Inc.
Hoffmann-La Roche Ltd.
Baxter International Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the global drug delivery devices market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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