Uploaded on Oct 15, 2020
Subcutaneous Drug Delivery Market
Subcutaneous Drug Delivery Market- Size, Share, Outlook, and Opportunity
Analysis, 2020- 2027
Subcutaneous drug delivery has emerged as a promising and viable alternative
to intravenous administration. The rising demand for subcutaneous drug delivery
is attributed to the rapid development of biologics. Moreover, the subcutaneous
route of administration is generally preferred, as it enables self-medication,
improves quality of life, and thus reduces healthcare costs.
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Furthermore, convenience and safety for both patients and medical professionals
offered by subcutaneous devices are major factors leading to growth of the
global subcutaneous drug delivery market. According to the World Health
Organization, 2014, around 2 million healthcare professionals suffered from
infectious diseases as result of needlestick injuries, globally. The retractable
nature of prefilled syringes help to overcome this problem, thereby acting as an
ideal device to reduce the occurrence of needlestick injuries.
Increasing focus of manufacturers on adoption of inorganic growth strategies
such as collaboration and partnership, in order to strengthen their product
portfolio of subcutaneous drug delivery systems is expected to drive the market
growth over the forecast period. For instance, in October 2017, EVER Neuro
Pharma GmbH acquired PHARMAGEN CZ s.r.o, a company that specializes in
injectable segment, located in Slovakia, Europe.
Preference for safety injection devices is increasing among healthcare
professionals and manufacturers, as these devices decrease the chances of
needlestick injuries. For instance, WHO recommended the use of safety syringes
with sharp injury protection (SIP) in order to prevent needlestick injuries.
Moreover, in May 2017, Innovative Neurons LLC announced its plan to
commercialize its patented auto retractable multi-needle syringe known as FAST
(fast, accessible, safe, and technology), to decrease needlestick injuries. In 2016,
Nipro Medical Corporation launched 'SafeTouch' safety needle, which protects
patients from needlestick injuries.
The unavailability of approved products due to increasing number of product
recalls by various developers is a factor hindering growth of the global
subcutaneous drug delivery market. For instance, on May 18, 2020, Bausch &
Lomb UK Limited announced a recall of Emerade 500 microgram auto-injectors,
owing to error in one component of auto injector, which caused the failure to
activate the pen and deliver adrenaline drug. Moreover, in April 2018, Becton
Dickson and Company announced recall of PosiFlush Heaparin Lock Flush
Syringe and Prefilled normal saline syringe, owing to contamination with Serratia
marcescens bacterium.
COVID-19 can affect the economy in three main ways; by directly affecting the
production and demand; by creating disruptions in distribution channels; and by
its financial impact on firms and financial markets. Supply chain and
manufacturing activities in India, China, and the U.S. are being disrupted due to
global lockdown while many countries such as Saudi Arabia, UAE, Egypt, and
others are facing problems with regards to transportation of drugs from one place
to another.
The stockpiling of subcutaneous or oral formulations due to the lockdown may
cause a spike in demand for certain products. According to an article published in
the Center for Biosimilars (American Journal of Managed Care), on February 27,
2020, manufacturers such as Novartis AG who have manufacturing facilities in
Austria, Europe, are particularly at risk on the supply side.
Thus, the impact of the coronavirus (COVID-19) pandemic is expected to limit
growth of the global subcutaneous drug delivery market during the forecast
period.
Major players operating in the global subcutaneous drug delivery market include
Becton Dickinson and Company, Novo Nordisk A/S, Johnson & Johnson, Sanofi
S.A., Novartis International AG, Amgen, Inc., Teva Pharmaceutical Industries
Ltd., F. Hoffmann-La Roche AG, Consort Medical plc, Eli Lilly and Company, and
Merck & Co., Inc., Novartis International AG, Insulet Corporation, West
Pharmaceutical Services, Inc., and Gerresheimer AG.
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