Drug Delivery Systems Market Outlook to 2027: Emerging Trends and Will Generate New Growth Opportunities Status


VandanaKhatri

Uploaded on Jul 19, 2021

The drug delivery system market was valued at US$ 1,243,111.7 million in 2018 and it is projected to reach US$ 2,302,227.2 million in 2027; it is expected to grow at a CAGR of 7.2% from 2019 to 2027. Request for Sample PDF @ https://www.theinsightpartners.com/sample/TIPHE100000854/?utm_source=ppt&utm_medium=10443 The global drug delivery system market is expected to witness substantial growth post-pandemic.New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.

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Drug Delivery Systems Market Outlook to 2027: Emerging Trends and Will Generate New Growth Opportunities Status

Drug Delivery Systems Market  Drug Delivery Systems Market to 2027- Global Analysis and Forecasts by Route of Administration (Oral, Transmucosal, Injectable, Topical, Implantable, and Ocular); Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies); Application (Hospitals & Clinics, Home Care Settings, and Others) and Geography Drug Delivery Systems Market  Current and future Market Scenario  According to The Insight Partners market research study titled "Drug Delivery Systems Market - Global Analysis and Forecasts by Route of Administration, Application, Distribution Channel, and End User, the global drug delivery systems market is expected to reach US$ 2,302.2 Bn in 2027 from US$ 1,243.1 Bn in 2018. The market is estimated to grow with a CAGR of 7.2% from 2019-2027. The report highlights the trends prevalent in the global drug delivery systems market and the factors driving the market along with those that act as deterrents to its growth.  The drug delivery systems market by product is segmented into oral, transmucosal, injectable, topical, implantable, and ocular. In 2018, oral drug delivery system segment led held a largest market share of 50.2% of the drug delivery systems market, by route of administration. Whereas, the transmucosal segment is expected to grow at a CAGR of 8.8% during the forecast period from 2019 to 2027. This is primarily attributed to rapidly rising incidence of chronic disorders, including gastrointestinal, respiratory, and autoimmune disorders.  Key factors driving the market are rising incidence of chronic diseases, growing demand for non-invasive drug delivery devices, increasing R&D expenditures in and pharmaceutical and medical device companies.  However, the restraining factors for the market are high cost involved in development of drug delivery devices and product recalls. Key Findings  The market players are focused towards bringing new and innovative products to sustain their position in the market. For instance, in January 2019, BD launched BD Nano 2nd gen pen needles reinforces BD’s commitment to providing the most advanced solutions possible for people with diabetes to help achieve better clinical management of insulin use. The developments performed by the companies are helping the market to grow in the coming years. Market Insights Growing Demand for Non-Invasive Drug Delivery Devices to Drive Global Drug Delivery System Market Growth With the improvements in medical devices and certain transdermal delivery technologies, the non-invasive mode of drug delivery is now ready to compete with traditional methods of oral and injectable routes of drug delivery. The Non-Invasive Drug Delivery Systems encompasses the broad field of non-invasive drug delivery systems which includes drug delivery via topical, transdermal-active (device- aided enhanced penetration), transdermal-passive, trans-ocular membrane, trans-mucosal membrane, as well as delivery via alveolar membrane from inhaled medication.    Patient compliance has been found to be much higher when administrated by non-invasive routes due to decreased pain involved in drug delivery and therefore these techniques are considered to be a preferred mode of drug delivery. Drug Delivery Systems Market    Market Segments By Route of Administration (Oral, Distribution Channel (Hospital Application (Hospitals & Clinics, Transmucosal, Injectable, Topical, Pharmacies, Retail Home Care Settings, and Others) Implantable, and Ocular) Pharmacies, and Online Pharmacies) Drug Delivery Systems Market  Dominating Segments    Drug delivery systems are medical devices used to inject drugs or chemicals into the body. Some of the drug   delivery systems available in the market include, transmucosal, oral, pulmonary, injectable, topical, nasal, implantable, and ocular among others.  Drug delivery systems are the technologies primarily used for the controlled or targeted delivery of various therapeutic agents to treat various diseases or improve the health of the patients.  The growth of the global drug delivery system market is attributed to the rising incidence of chronic diseases, growing demand for non-invasive drug delivery devices, and increasing R&D expenditure in pharmaceutical and medical devices. However, high cost involved in development of drug delivery systems and product recalls are the major factor hindering the market growth. Dominating Segments Product Insights Route of Administration -Based Insights  In terms of route of administration, the global drug delivery system market is segmented into oral, transmucosal, topical, injectable, implantable and ocular drug delivery. In 2018, the oral segment held largest share of the market. However, the transmucosal segment is estimated to register the highest CAGR during the forecast period.  Download PDF Brochure https://www.theinsightpartners.com/sample/TIPHE100000854/ Dominating Segments The report segments the global Drug Delivery Systems market as follows:   Global Drug Delivery System Market – by Route of Administration Oral Transmucosal Injectable Topical Implantable Ocular Dominating Segments Global Drug Delivery System Market – by Distribution Channel Hospital Pharmacies Retail Pharmacies Online Pharmacies Global Drug Delivery System Market – by Application Hospital & Clinics Home Care Settings Others Drug Delivery Systems Market   Leading Players Company Profiles in Drug Delivery Systems Market are: BD Novo Nordisk A/S 3M Boston Scientific Corporation Bausch Health Companies Inc. Baxter International, Inc., Boehringer Ingelheim Novartis AG GlaxoSmithKline plc. Johnson & Johnson Services, Inc. REGIONAL FRAMEWORK REGIONAL FRAMEWORK Drug Delivery Systems Market    Access Full Research Report at: https://www.theinsightpartners.com/reports/drug-delivery-devices-market   Thank You! Thank You!