Press release
Injectable Drug Delivery Market Soaring at 11.5% CAGR to 2023 Led to Reach US$ 624.50 Billion (Key Insights, Industry Updates and Company Profiles)
Report defines, describes, & forecasts injectable drug delivery market on basis of type, formulation packaging, therapeutic application, usage pattern, site of administration, distribution channel, and facility of use. It provides detailed information regarding major factors influencing growth of market (drivers, restraints, opportunities, challenges).Injectable drug delivery market dominated by North America, followed by Europe, Asia, & Rest of the World. While North America expected to dominate market in 2018, Asia expected to grow at highest CAGR during forecast period. This growth in this market is attributed to rising incidence of chronic diseases & growing aging population.
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Global injectable drug delivery market, in terms of value, projected to reach USD 624.50 billion by 2021 from USD 362.38 billion in 2016, at a CAGR of 11.5% during forecast period. Increase in use of biologics, increase in prevalence of chronic diseases, increasing occurrence of needle stick injuries, & benefits of injections (convenience, ease of use, & reduced pain) have driven growth of injectable drug delivery market.
The Injectable drug delivery market by facility of use is segmented into hospitals and clinics, home care settings, and other facilities of use. The hospitals and clinics segment is expected to account for largest share of market, primarily due to rising incidence of chronic diseases such as diabetes and cancer which require a large number of injectables for their treatment.
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Cancer segment is expected to register the highest CAGR during the forecast period. This is attributed to the launch of new vaccines and target therapies, such as antiangiogenics and antineoplastic monoclonal antibodies (mAbs). Asia is expected to be the fastest growing region in the market from 2016 to 2021 due to the rising incidence of chronic and autoimmune diseases, the rising aging population, and the high penetration of self-injection techniques &technologies in countries such as China, Japan, and India.
Prominent players in the injectable drug delivery market include Becton, Dickinson and Company (U.S.), Baxter International (U.S.), Pfizer (U.S.), Gerresheimer AG (Germany), Schott AG (Germany), Eli Lilly and Company (U.S.), and Terumo Corporation (Japan).
More Information “Injectable Drug Delivery Market by Type (Device, Formulation), Therapeutic (Cancer), Usage Pattern (Immunization), Administration (Skin, Musculoskeletal), Distribution Channel (Hospital), Patient Care Setting (Hospital, Home Care) - Forecast to 2021” report at sales@reportsandreports.com / Call +1 888 391 5441 .
Research Coverage:
Report provides clients market size information on various segments of injectable drug delivery market. This report also provides access to the quantitative data on market. This growth attributed to rising incidence of chronic & autoimmune diseases and rising aging population.
The report provides clients market size information on various segments of the injectable drug delivery market.
• Current and forecast assessment of the injectable drug delivery market
• Country-wise assessment of each of the segments
• Global market share analysis for major segments of the injectable drug delivery market
• Adoption Trends of injectable drug delivery for major geographic markets
• Five-year coverage of strategic developments of top players in the injectable drug delivery market
• Product Portfolio mapping of leading players in the injectable drug delivery market
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Mr. Vishal
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