Europe Injectable Drug Delivery Market at a CAGR of 11.0% Rising Enterprise Efficiency and Dominated by Top Competitors (Baxter, Eli Lilly, Gerresheimer AG, Schott AG, Sandoz, MicroCHIPS, Pearl Therapeutics) and Foreseen Till 2023

Marketprognosis.com Publish a New Market Research Report On “Europe Injectable Drug Delivery Market 2019 - 2023” which contains Europe key player’s survey information and forecast to 2023.

Overview of the Europe Injectable Drug Delivery Market:

The Europe Injectable Drug Delivery Market is expected to register a CAGR of around 11.0% during the forecast period of 2019-2023.

Injectable drug delivery technologies allow the transport of drugs formulated in liquid form and facilitate the rapid transport of the drug into the body. They also help administer drugs in unconscious and comatose patients. Due to their advantages of faster onset of action with high efficacy, these delivery systems are widely accepted. Additionally, due to the increased prevalence of cancer and diabetes, the market has registered growth in the recent years.

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Some of the most common chronic diseases include - heart disease, stroke, type 2 diabetes, obesity, cancer, and arthritis. According to a report by OECD/European Commission, in 2016, around 550,000 premature deaths across the European Union were attributed to chronic diseases, including heart attacks, strokes, diabetes, and cancer. As the adoption rate of injectable drug delivery devices is high among the population suffering from diseases, like diabetes and heart-related disorders, the increasing prevalence of chronic diseases is expected to contribute to the growth of the injectable drug delivery technology market over the forecast period.

Injuries and infections caused by needles are acting as major restraints for the global injectable drug delivery technology market. The European Biosafety Network estimated that in 2007, there were more than 1 million needle stick injuries annually, in Europe alone. The WHO has estimated that these numbers are expected to increase by at least 20%, over the next five years. Moreover, there has been an increase in the number of infections caused by needles over the past few years. Therefore, with the increasing injuries and infections caused by needles, there is reluctance among the population to use injections, thus hampering the growth of the global injectable drug delivery technology market.

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The German segment of the injectable drug delivery technology market accounted for the largest share in 2017 in Europe, due to the increasing prevalence of chronic diseases, such as cancer and diabetes in this region and technological advancements.

Major Key Players:

1 Baxter International Inc.

2 Becton, Dickinson and Company

3 Eli Lilly and Company

4 Gerresheimer AG

5 Schott AG

6 Sandoz

7 MicroCHIPS Inc.

8 Pearl Therapeutics Inc.

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Injectable Drug Delivery Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.