Injectable Drug Delivery Market| Devices Meet Next-generation Formulations to reach $1199.89 billion by 2026 | Global Key Players: Baxter International, ELI Lilly and Company, Terumo Corporation, Becton, Dickinson and Company, Pfizer, Gerresheimer AG

Global Injectable Drug Delivery Market Overview
Global Injectable Drug Delivery market is expected to grow from $404.14 billion in 2017 to reach $1199.89 billion by 2026 with a CAGR of 12.8%. Increasing prevalence of chronic diseases, expansion in the biologics market and technological advances in the form of nanotechnologies are some of the factors propelling the market growth. However, growing injuries and the infections caused by needles is hampering the market growth.

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Industry Insights:
Drug delivery is the method of administering a pharmaceutical compound into the body through different routes to achieve a therapeutic effect. Oral, injection-based, transdermal, and carrier-based are some of the types of drug delivery devices. Injectable drug delivery facilitates the rapid transport of a drug into the body by passing first-pass metabolism. It also helps in administering drugs in unconscious and comatose patients. It is used in conditions such as hormonal imbalance, cystic fibrosis, autoimmune diseases, pain, Wilson's disease, hemophilia, hepatitis C and ribose-5-phosphate isomerase deficiency.

Major Players:
Some of the key players in the Injectable Drug Delivery market include Baxter International, Inc., ELI Lilly and Company, Terumo Corporation, Becton, Dickinson and Company, Pfizer, Inc., Gerresheimer AG, Teva Pharmaceutical Industries Ltd., Schott AG, Sandoz, Antares Pharma, Inc., Zogenix, Inc., Scandinavian Health Limited, Terumo Medical Corp., Ypsomed Holding AG, Unilife Corporation, Vetter Pharma-Fertigung GmbH & Co. KG and Nova Nordisk A/S.

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Market Segmentation:
Based on formulation packaging, Ampules segment has a significant growth in the market owing to its good barrier properties as compared to other types of packaging. In addition they offer better protection at a lesser cost, ease of transportation and low costs of manufacturing are the factors driving the market in this segment.

By Geography, North America was estimated to be the largest share for the market during the forecast period. The growth is attributed to the rising dominance of chronic diseases and the number of companies that are focused on collaboration and partnerships to ensure the availability of high-value products.
Types Covered:
• Formulations
• Devices

Usage Patterns Covered:
• Immunization
• Curative Care
• Other Usage Patterns

Site of Administrations Covered:
• Circulatory/Musculoskeletal System (Intravenous, Intracardiac, Intramuscular, and Intraperitoneal)
• Skin (Intradermal and Subcutaneous)
• Central Nervous System (Intracerebral and Intrathecal)
• Organs (Intravitreal and Intra-Articular)

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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This release was published on openPR.