The pharmaceutical drug delivery market comprises advanced drug delivery systems that deliver pharmaceutical drugs into the body in controlled, targeted, and sustained manner. These advanced drug delivery systems offer improved efficacy, safety, and patient compliance through site-specific drug targeting and controlled release of drugs over prolonged periods of time. The global pharmaceutical drug delivery market is estimated to be valued at US$ 2657.98 Bn in 2024 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the pharmaceutical drug delivery market is the increased adoption of advanced drug delivery systems. Such systems allow for improved efficacy of pharmaceutical drugs through controlled and sustained release of drugs at the site of action. They help reduce the number of doses required as well as improve patient compliance. Advanced drug delivery systems have facilitated development of controlled drug release formulations and systems that release drugs at predetermined rates and for extended periods of time. This trend is expected to fuel expansion of the pharmaceutical drug delivery market over the forecast period.
Segment Analysis
The Global Pharmaceutical Drug Delivery Market Size is dominated by the oral drug delivery segment which accounts for nearly 50% share of the total market. Oral drug delivery is the most commonly used and preferred route of drug administration due to ease of ingestion and patient compliance. It provides convenience and is generally the safest and most cost-effective method for delivering pharmaceutical drugs.
Key Takeaways
The global pharmaceutical drug delivery market is expected to witness high growth over the forecast period of 2024 to 2031. The market is estimated to reach a value of US$ 4657.98 Bn by 2031 from US$ 2657.98 Bn in 2024, expanding at a CAGR of 13%.
Regional analysis: North America dominated the market in 2024 and is expected to maintain its dominance over the forecast period as well. This can be attributed to the presence of major pharmaceutical companies and growing R&D activities for novel drug delivery technologies. Asia Pacific is expected to exhibit the fastest growth over the forecast period owing to rising healthcare expenditure, increasing research collaborations, and growing generic drug markets in countries like India and China.
Key players operating in the pharmaceutical drug delivery market are Thermo Fisher Scientific Inc., Corning Incorporated, Lonza Group Ltd., Avantor, Inc., Synthecon Incorporated, Bico Group, ReproCELL Incorporated, Becton, Dickinson, and Company, 3D Biotek, LLC, InSphero AG. The major players are focusing on new product launches, expansions, agreements and partnerships to strengthen their global presence and gain competitive advantage in the market.
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Tech Update in Pharma Industry
During the forecast period 2019-2024, it is proposed that the global advanced drug delivery system market register itself a CAGR (Compound Annual Growth Rate) of 5 percent.
The development of new drugs and biologics, advancements in understanding the human biologics and diseases and the increasing R spending.
The genetic engineering drives towards the development of new strategies for delivering the biotechnologically protein, peptide drugs, and chemo-immunoconjugates.
Moreover, the drug-eluting implants have the potentials to offer the uninterrupted treatments and reduction in the dosage.
The advanced systems help target intestinal infections and others.
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Furthermore, the report provides key statistics and actionable insights regarding the Advanced Drug Delivery Systems Market for the customer to plan in the most efficient manner to grow and expand in the highly competitive Advanced Drug Delivery Systems Market.Ask for Sample Pages of Report @ http://orbisresearch.com/contacts/request-sample/2094033The Advanced Drug Delivery Systems Market report contains data from previous half a decade that helps develop the timeline for the performance of the Advanced Drug Delivery Systems Market and further helps understand the various factors that have the tendency to influence the flow of the Advanced Drug Delivery Systems Market.
The key trends, drivers, opportunities, prospects, and challenges in the Advanced Drug Delivery Systems Market are listed in the report with substantial elucidation, helping the customer gain an advantage over the competition.The Advanced Drug Delivery Systems Market report covers key information of value for the customers as follows:An overview of the global market for drug delivery systems, including the market as seen by end users of different applicationsAnalyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020Discussion of the current state, setbacks, innovations, and the future needs of the marketExamination of the different categories of drug delivery, broken down by market shares of the leading manufacturers and/or suppliers, as well as acquisitions, mergers, and alliances by companies and global organizationsAnalyses of the regulatory environment, and the technology involved, including the latest trends and developmentsProfiles of major players in the industry.The competition in the Advanced Drug Delivery Systems Market is high as the report covers the top players in the Advanced Drug Delivery Systems Market with a detailed company profile, products, and market performance.
The customer can hence be better prepared in tackling with the competition and having the upper hand when expanding into the Advanced Drug Delivery Systems Market.Some major players covered in the Advanced Drug Delivery Systems Market report are as follows:3M CompanyP.
PHARMA/ HERON THERAPEUTICS, INC.ABBOTT LABORATORIESAKELA PHARMA INC.ALCON INC. (NOVARTIS COMPANY)ALKERMESALLERGAN PLCAMGEN INC.APTALIS PHARMA INC. /ADARE PHARMACEUTICALSASTELLAS PHARMA INC.ASTRAZENECA PLCBAUSCH & LOMBBAXTER INTERNATIONAL INC.BAYER HEALTHCARE PHARMACEUTICALSBIOGEN IDECBIOSANTE PHARMACEUTICALS INC.BOEHRINGER INGELHEIMBOSTON SCIENTIFICBRISTOL-MYERS SQUIBBCAPSUGELCATALENTCELGENE CORP.EISAI CO. LTD.ELAN DRUG TECHNOLOGIES/PERRIGO COMPANYELI LILLY & IMCLONE SYSTEMSELIXIR MEDICAL CORP.ENZON PHARMACEUTICALSMake an Enquiry @ http://orbisresearch.com/contacts/enquiry-before-buying/2094033The Advanced Drug Delivery Systems Market is segmented on the basis of application which includes the revenue and market share of the segment into the following:CARDIOVASCULARONCOLOGY MARKETGASTROINTESTINAL DISORDERSUROLOGYDIABETESDERMATOLOGYCENTRAL NERVOUS SYSTEMRESPIRATORY DRUG DELIVERY SYSTEMSINFLAMMATORY DISEASES AND ALLERGIESOPHTHALMOLOGYVIRAL AND BACTERIAL DISEASESHORMONE REPLACEMENT THERAPY AND GYNECOLOGYOTHER THERAPEUTIC CATEGORIESAnd segmentation by region along with its volume, revenue, market share, and forecast is as follows:NORTH AMERICAEUROPEASIA-PACIFICREST OF THE WORLD (ROW)The Advanced Drug Delivery Systems Market report provides the customer key insights into the import and export of the Advanced Drug Delivery Systems Market, along with the cost analysis, industrial chain and downstream buyers, and marketing channels analysis.
The Advanced Drug Delivery Systems Market report also includes a SWOT analysis of the Advanced Drug Delivery Systems Market and a horde of statistics in both tabular and graphical format for easy consumption of the customer.The report on Advanced Drug Delivery Systems Market has been curated by leading experts and research specialists, thus ensuring utmost accuracy of the data provided about the Advanced Drug Delivery Systems Market.
