Latin America Drug Delivery Devices Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025

Latin America Drug Delivery Devices Market was Valued at US$ XX Mn in 2018, Due to Increase in Prevalence of Chronic Diseases such as Cancer and Diabetes and Adoption of Novel Drug Delivery Devices
Analyst Speak:

“The Latin America Drug Delivery Devices Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025” owing to rise in prevalence of chronic diseases and increasing awareness about the self-injector devices.

The Latin America drug delivery devices market was valued at US$ XX Mn in 2018 and growing at a significant CAGR over the forecast period due to rise in biologics market and availability of novel drug delivery methods and technological advancements are major factors that drive the growth of the market over the forecast period. Moreover, launch of new products and strategic collaborations among the market players boosts the growth of the market over forecast period. However, stringent regulatory policies and product recalls and complications by the devices expected to hinder the growth of the market.

Latin America drug delivery devices market segmented on the basis of product type, route of administration, formulation, application, and distribution channel.

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Metered Dose Inhalers Segment, by Product Leads the Drug Delivery Devices Market with highest revenue share

Based on product, Latin America drug delivery devices market is segmented into infusion pumps, metered dose inhalers, nebulizers, syringes, ocular inserts, nasal sprays, implantable drug delivery devices, transdermal patches, trans-mucosal drug delivery devices, and others. Metered dose inhalers segment registered highest revenue share in 2018 and expected to dominate over the forecast period owing to growing awareness regarding the self-injector devices and expansion by the market players boosts the growth of the market.
Mexico Dominates the Latin America Drug Delivery Devices Market

PBI’s Latin America drug delivery devices market report analyses the market in different countries such as Mexico, Brazil, Argentina, Venezuela, and Rest of Latin America. According to geographical analysis, Mexico dominates overall revenue share in 2018 and the same trend is projected to follow over 2019-2025 due to increasing adoption of novel drug delivery devices for the diagnosis and rising awareness among the patients drives the growth of the market over forecast years.

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Strategic Collaborations among the Market Players and Launch of Novel Products and Technology Developments are the key strategies adopted by the market players

Market Players are increasingly adopting the strategies such strategic collaborations and acquisitions and launch of new products and advancements in technology to enhance their revenue and strengthen their position in the market.

Key player’s profiles in the report are Becton Dickinson and Company (U.S.), Hoffmann La Roche Ltd. (Switzerland), Smiths medical, Inc. (U.S.), Braun Melsungen AG (Germany), Pfizer, Inc. (U.S.), Merck & Co., Inc. (U.S.), Sanofi S.A. (France), Abbott Laboratories (U.S.), Novartis AG (Switzerland), and Eli Lilly and company (U.S.).

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Precision Business Insights (PBI) in its report titled “Latin America Drug Delivery Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

By Product Type
o Infusion Pumps
o Metered Dose Inhalers
o Nebulizers
o Syringes
o Ocular Inserts
o Nasal Sprays
o Implantable Drug Delivery Devices
o Transdermal Patches
o Trans-Mucosal Drug Delivery Devices
o Others
By Route of Administration
o Oral
o Parenteral
o Transdermal
o Trans-Mucosal
o Inhalation
o Ocular
o Others
By Formulation
o Solid
o Liquid
o Semi-solid
By Application Type
o Diabetes
o Oncology
o Autoimmune Disorders
o Neurological Disorders
o Gastrointestinal Disorders
o Respiratory Disorders
o Others
By Distribution Channel
o Hospital Pharmacies
o Retail Pharmacies
o Online Pharmacy
o Others
Country

o Brazil
o Mexico
o Argentina
o Venezuela
o Rest of Latin America

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