Uploaded on Nov 30, 2022
One of the major drivers of the Pharmaceutical Drug Delivery Market is the shift in demand of patients for more advanced systems of delivery for better efficiency of the medication.
EINPresswire-599319673-advances-in-pharmaceutical-drug-delivery-market-driving-market-towards-growth-says-maximize-market-research
Advances in Pharmaceutical Drug Delivery
Market Driving Market towards Growth says
Maximize Market Research
Rising healthcare expenditure to drive the
pharmaceutical drug delivery market
during the forecast period
PUNE, MAHARASTRA, INDIA, November
3, 2022 /EINPresswire.com/ --
According to the “Pharmaceutical Drug
Delivery Market” report by Maximize
Market Research, the market was
valued at USD 1.9 billion in 2021. For
the forecast period from 2021 to 2029,
the market is expected to reach USD
3.3 billion by 2029, growing at a CAGR
of 7 percent.
Pharmaceutical Drug Delivery Market
To Get a Sample Copy of the
Pharmaceutical Drug Delivery Market
Report, Click Here: https://www.maximizemarketresearch.com/request-sample/161726
Pharmaceutical Drug Delivery Market Report Scope and Research Methodology:
The research includes complete market insights for
industry stakeholders, including an explanation of complex
market statistics in clear terms, the history and current
The increased incidence of
state of the industry, as well as estimated market size and
chronic diseases such as
trends. The study looks at all industry segments (Route of
asthma, cancer, and
administration, Application, Facility of use and Region),
diabetes has resulted in
with a focus on major firms such as market leaders,
demand for Pharmaceutical
followers, and new entrants. The report is an investor &
Drug Delivery Market.”
guide since it provides a comprehensive picture of the
MMR
competitive landscape of leading players in the
Pharmaceutical Drug Delivery Market by goods and services, revenue, financial status, portfolio,
growth strategies, and geographical presence.
Secondary research is used to identify key companies in the Pharmaceutical Drug Delivery
Market, while primary and secondary research is used to determine their market revenues.
Interviews with key opinion leaders and industry specialists such as competent front-line staff,
entrepreneurs, and marketing professionals were conducted as part of primary research, while a
review of annual and financial reports of prominent manufacturers was conducted as part of
secondary research. Johnson & Johnson, Novartis International AG, Pfizer Inc. and F. Hoffmann-
La Roche AG are some of the major players in the global Pharmaceutical Drug Delivery Market,
and the report not only represents global companies but also includes the market holdings of
local players in each country. The market structure illustrated in each country, with market
holdings by market leaders, followers, and local companies, provides a full insight into the
research. The report covers the market & mergers and acquisitions, strategic alliances, joint
ventures, and partnerships by region, investment, and strategic intent.
Pharmaceutical Drug Delivery Market Overview
Processes through which drugs are carried into the body are called pharmaceutical drug delivery
systems. The methods of delivery include pills that are swallowed or vaccines that are injected
into the body. These are known as mediums as they deliver the drug into the body. They are
divided into oral drug delivery, pulmonary drug delivery, injectable drug delivery, nasal drug
delivery and more.
The field of pharmaceutical drug delivery market is witnessing rapid advancements in the field. A
lot of work is going into understanding the physiological barriers, thereby developing more
effective and efficient modes of drug delivery.
Inquiry for Market Insights: https://www.maximizemarketresearch.com/inquiry-before-
buying/161726
Pharmaceutical Drug Delivery Market Dynamics
One of the major drivers of the Pharmaceutical Drug Delivery Market is the shift in demand of
patients for more advanced systems of delivery for better efficiency of the medication. There has
also been an increase in self-administered devices that are increasing the demand for
Pharmaceutical Drug Delivery Market. Advancements in the field are offering benefits such as
needle-free injections, regulated doses and flexibility. These innovations also helped doctors to
focus on drug administration with greater accuracy, especially in people ridden with chronic
pain. These factors have shifted the preference of patients as well as doctors towards more
sophisticated and novel drug administrating methods, increasing growth in the Pharmaceutical
Drug Delivery Market.
The increased incidence of chronic diseases such as asthma, cancer, and diabetes has resulted in
demand for Pharmaceutical Drug Delivery Market. The geriatric population has been increasing
globally. They are also the ones that are most vulnerable to such chronic illnesses. These two
factors coupled together are likely to boost demand for the Pharmaceutical Drug Delivery
Market.
A major restraint of the Pharmaceutical Drug Delivery Market is the possibility of NSIs
(Needlestick Injuries). These are injuries caused in intravenous systems by needles such as
hypodermic needs and blood collection needles. Studies suggest that almost 75 percent of NSIs
are not even recorded in developing countries. The daunting prevalence of such NSIs poses a
risk of transmission of blood-borne pathogens.
There also exists pricing pressure from the public and private players coupled with initiatives by
the government that is placing excessive pressure on the producers for a price reduction. This
trend is witnessed in developing and developed countries and is expected to be a barrier to the
growth in the Pharmaceutical Drug Delivery Market.
Pharmaceutical Drug Delivery Market Regional Insights
North America held the highest market share in 2021 at 45.8 percent. The growth in the market
is attributed to several factors such as government initiatives and support in the form of
schemes and policies for the growth of the market. Research and development in the region is
also boosting growth in the market. The existence of major players is also one of the factors
driving the market. Awareness about mental health has brought to light the number of cases
related to mental disorders mainly hypertension. This is one of the reasons for the growth of the
regional Pharmaceutical Drug Delivery Market.
The second major share in the Pharmaceutical Drug Delivery Market was dominated by Europe
in 2021. Factors for growth in the area include the advancements happening in the field and the
presence of major pharmaceutical companies in the region. The European region has been
suffering from chronic illnesses such as cancer and diabetes which increases the demand for
Pharmaceutical Drug Delivery Market. The European market is expected to witness steady
growth for the forecast period. Asia-Pacific region is expected to observe rapid growth on the
account of several countries in the region developing as pharmaceutical sectors. Such countries
include India which was known as the pharmacy in the world for the period 2020 and 2021.
China and Japan are also developing their Pharmaceutical Drug Delivery Market.
Pharmaceutical Drug Delivery Market Segmentation
By route of administration:
Oral Drug Delivery
Injectable Drug Delivery
Topical Drug Delivery
Ocular Drug Delivery
Pulmonary Drug Delivery
Implantable Drug Delivery
Transmucosal Drug Delivery
Nasal Drug Delivery
By application:
Infectious Diseases
Cancer
Cardiovascular Diseases
Diabetes
Respiratory Diseases
Central Nervous System Disorders
Autoimmune Diseases
Other Applications
By facility of use:
Hospitals, Ambulatory Surgery Centers
Home Care Settings
Diagnostic Centers
Others
Pharmaceutical Drug Delivery Market Key Competitors:
Johnson & Johnson
Novartis International AG
F. Hoffmann-La Roche AG
Pfizer Inc.
Bayer AG
Antares Pharma, Inc.
Becton
Dickinson and Company
GlaxoSmithKline plc
3M
Merck & Co., Inc.
Sanofi
Amgen, Inc.
AbbVie Inc.
Genmab A/S
Gilead Sciences, Inc.
Boehringer Ingelheim
AstraZeneca plc.
Eli Lilly and Company
Teva Pharmaceuticals Industries Ltd.
Bristol-Myers Squibb
Gerresheimer AG
Boston Scientific Corporation
Nimbus Therapeutics
Kite Pharma
IDEAYA Biosciences
Key questions answered in the Pharmaceutical Drug Delivery Market are:
What is the market segmentation of Pharmaceutical Drug Delivery Market?
What is the CAGR for the forecast period of Pharmaceutical Drug Delivery Market?
Who are the key players in the Pharmaceutical Drug Delivery Market?
What are the factors leading to growth in the Pharmaceutical Drug Delivery Market?
Who held the largest market share in Pharmaceutical Drug Delivery Market in 2021?
What are the factors for the growth of North America in Pharmaceutical Drug Delivery Market?
Which countries are expected to drive the Pharmaceutical Drug Delivery Market in the Asia-
Pacific region?
Which product segment held the largest share of the Pharmaceutical Drug Delivery Market in
2021?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use
and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the Pharmaceutical Drug Delivery Market report:
Maximize Market Research is leading healthcare research firm, has also published the following
reports:
Drug Delivery Devices Market-The Drug Delivery Devices Market size is expected to reach USD
400 billion by 2029 at a CAGR of 7.4 percent during the forecast period. The Drug Delivery
Devices Market is expected to be driven by advancement in drug delivery devices, increased
prevalence of chronic illnesses such as diabetes and cancer and investment in healthcare
infrastructure by the government.
Connected Drug Delivery Devices Market-The Connected Drug Delivery Devices Market size is
expected to reach USD 10552.30 billion by 2029 at a CAGR of 36.10 percent during the forecast
period. The Drug Delivery Devices Market is expected to be driven by the increasing cost of
medical management, rising incidence of chronic disease and improvement in patient treatment.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with
professionals from several industries. Some of the industries we cover include medical devices,
pharmaceutical manufacturers, science and engineering, electronic components, industrial
equipment, technology and communication, cars and automobiles, chemical products and
substances, general merchandise, beverages, personal care, and automated systems. To
mention a few, we provide market-verified industry estimations, technical trend analysis, crucial
market research, strategic advice, competition analysis, production and demand analysis, and
client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
[email protected]
+91 96071 95908, +91 9607365656
Geeta Yevale
Maximize Market research
+ +91 7263803166
[email protected]
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