Drug delivery is the method of administering a pharmaceutical product to achieve a therapeutic effect in human body. To obtain a given therapeutic effect, the adequate concentration of the active drug must be absorbed and transported to the site of action at the right time which can be achieved by administering the drug via appropriate delivery system. For the treatment of diseases the medicinal compound can be administered via various route such as oral, nasal and pulmonary routes of drug delivery that are gaining increasing importance over parenteral as per the patients compatibility. Presence of large geriatric population and emerging complex diseases is expected to bolster the pharmaceutical drug delivery markets in in coming years.
Pharmaceutical Drug Delivery Market Outlook
- The pharmaceutical drug delivery markets is expected to experience remarkable growth attributing to growing number of NDA and ANDA applications by pharmaceutical companies worldwide
- Moreover, increasing development in the pharmaceutical industries and rapid expansion is positively affecting the market development
- However, the high cost of medicines for certain disease and growing awareness of traditional medicine use such as Ayurveda etc. is expected to impede the market growth
Pharmaceutical Drug Delivery Market COVID-19 Impact
- The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the healthcare industry, as well as large companies and governments, to restock supply chains
- The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic
- Rising support from governments and several companies can help in the fight against this highly contagious disease
Pharmaceutical Drug Delivery Market Highlights
- The pharmaceutical drug delivery markets segmented by route of administration, technique, patient care setting and geography
- Pharmaceutical drug delivery can be achieved by various routes of administration such as oral drug delivery, injectable drug delivery, topical drug delivery, ocular drug delivery nasal drug delivery, transmucosal drug delivery and implantable drug delivery
- The oral drug delivery is classified as solid oral drugs, liquid oral drugs and semi-solid oral drugs
- Pharmaceutical drug delivery market is categorized by technique includes needle-free injectors, drug delivery patches, auto injectors. Other technologies include nanotechnology, technology for insoluble drugs, liposomes etc.
- Various patient care setting utilizing the various drug delivery to administer the effective amount of the drugs are ambulatory surgery centers, home care settings and diagnostic centers
- Drug delivery system is applicable in treating various diseases such as infectious diseases, autoimmune diseases, central nervous system disorders, respiratory diseases, diabetes, cardiovascular diseases and cancer. They are also utilized in treating ophthalmic disorders and endocrine disorders
Pharmaceutical Drug Delivery Market by Geography
Pharmaceutical drug delivery market is studied across the various regions geographically such as North America, Europe, Asia Pacific and rest of world. In 2019, North America holds the dominant position due to technological advancements and new product launches in the region. Increasing geriatric population, growth in awareness of self-administration and also the rise in healthcare expenditure, Asia-Pacific market is expected to grow during the forecast periods from 2020 to 2026.
Pharmaceutical Drug Delivery Market Key Players
Major market players in Pharmaceutical drug delivery market are Johnson & Johnson Services, Inc. Novartis AG, F. Hoffmann-La Roche Ltd., Pfizer, Inc., Bayer AG ,Antares Pharma, Inc., Becton, Dickinson and Company , GlaxoSmithKline PLC , AstraZeneca, Merck & Co., Inc., Sanofi S.A., Amgen Inc., Boston Scientific Corporation and Medtronic. The key industries operating in this market are focusing on developing a novel treatment therapies for the disease to enhance the market share.
The pharmaceutical drug delivery markets segmented by route of administration, technique, patient care setting and geography.Pharmaceutical drug delivery can be achieved by various routes of administration includes oral drug delivery, injectable drug delivery, topical drug delivery, ocular drug delivery nasal drug delivery, transmucosal drug delivery and implantable drug delivery. Various patient care setting are using the different drug delivery to administer the right amount of the drugs are ambulatory surgery centers, home care settings and diagnostic centers.
Drug delivery system is applicable in treating various diseases such as infectious diseases, autoimmune diseases, central nervous system disorders, respiratory diseases, diabetes, cardiovascular diseases and cancer.
Pharmaceutical drug delivery market is analyzed across the various regions geographically such as North America, Europe, Asia Pacific and rest of world where North America held the dominant position due to technological advancements and new product launches in the region in 2019.
Why to buy this report:
- The report offers changing market dynamics in the pharmaceutical drug delivery market Outlook, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of pharmaceutical drug delivery market
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the pharmaceutical drug delivery market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of pharmaceutical drug delivery market
