The report is titled ‘Pharma Drug Delivery Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the pharma drug delivery market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The pharma drug delivery market is expected to grow at a significant rate in the near future.
The global pharma drug delivery market is estimated to reach at a value of US$ 1,422.8 Bn by the end of 2020 and expected to reach at a value of US$ 2,418.4 Bn by 2028 with a significant CAGR of 6.9%
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Pharma Drug Delivery Introduction
A pharmaceutical drug delivery (DDS) is a fabrication or an equipment, which is used for the infusion of a therapeutic matter into the human body. This system operates by administering medications to precisely targeted parts of the body by the help of a means, which can regulate the administration of the therapy by the medium of each of two chemical or physiological prompts.
The drug delivery system is mainly employed to enhance the efficiency and safety of an infused drug by regulating the time, degree, and part of dispensation of drug in the body. Moreover, drug delivery systems are also bifurcated into further two types including conventional drug delivery system and novel drug delivery system.
Conventional drug delivery system involves the most general techniques of drug delivery via various routes of infusion into the body, which including transmucosal drug delivery, oral drug delivery, injectable drug delivery, pulmonary drug delivery, nasal drug delivery, topical drug delivery, implantable drug delivery, ocular drug delivery, among others. Other than that, the novel drug delivery system consists of the controlled release drug and sustained release (SR) drug. Sustained release signifies gradual release of drug and controlled release indicates where the infusing speed of drug release is regulated and kept under control. The novel drug delivery system helps in maintaining the appropriate quantity of drug into the blood and enhances targeted drug dispensation.
Pharma Drug Delivery Market Dynamics
The pharma drug delivery market is projected to majorly boost over the forecast period owing to the expeditiously surging prevalence of chronic and infectious ailments among the masses worldwide. As per the recent study released by the American Society for Microbiology, in 2019, between the range of 1.5 to 4.5 million infections are caused due to Carbapenem-resistant Enterobacteriaceae each year.
This huge statistics results in around 49000 people hospitalized in the United States every year, and severe diseases like diarrhea and pneumonia took millions of lives, specifically children of age 5 and more, globally. Such massive growth of prevalence of infectious diseases among the population is eventually propelling the growth of the global pharma drug delivery market.
With the same token, the rising prevalence of chronic ailments among the population including diabetes and various types of cancer is also supporting the growth of the global pharma drug delivery market.
In addition, there has been constant consideration and attention paid to the healthcare sector worldwide and there have been an invariable efforts to upgrade and improve the healthcare facilities all around the world, which is further playing a positive role in accelerating the growth of the global market of pharmaceutical drug delivery systems.
Furthermore, the governments across the world are also paying continuous support for advancing the healthcare industry as well as for the research and development activities, which is also expected to positively fuel the growth of the global pharmaceutical drug delivery market in the years to come. However, the increase in the number of drug failures or recalls may act as a restraining factor for the growth of the global pharma drug delivery market in the forthcoming years.
Nonetheless, there is a huge growth potential and numerous opportunities for growth in developing economies, which is likely to augment the growth of the global pharma drug delivery market in the upcoming years.
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Pharma Drug Delivery Market Segmentation
The global pharma drug delivery market is segmented on the basis of route of administration, application, facility of use and region.
By Route of Administration
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- Oral Drug Delivery
- Pulmonary Drug Delivery
- Injectable Drug Delivery
- Ocular Drug Delivery
- Nasal Drug Delivery
- Topical Drug Delivery
- Implantable Drug Delivery
- Transmucosal Drug Delivery
By Application
-
- Infectious Diseases
- Cancer
- Cardiovascular Diseases
- Diabetes
- Respiratory Diseases
- Central Nervous System Disorders
- Autoimmune Diseases
By Facility of Use
-
- Hospitals
- Home Care Settings
- ASC/Clinics
- Diagnostic Centers
By Region
-
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East
- Africa
Pharma Drug Delivery Market Key Players
The global pharma drug delivery market is dominated by Johnson & Johnson, Inc., F. Hoffman-La Roche, Merck & Co., Inc., Bayer AG, Pfizer, Inc., Novartis AG, 3M Company, Becton, Dickinson and Company, GlaxoSmithKline plc,, Sanofi, and Antares Pharma, Inc., among others
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