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Injectable Drug Delivery Market Analysis, Top Companies, New Technology, Demand and Opportunity Analysis
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Significant shift from conventional injectable drug delivery devices to self-injection drug delivery devices is a trend in global injectable drug delivery market. Increasing prevalence of diabetes has fuelled the demand of self-injection drug delivery devices; hence, reducing frequent hospital visits and costs related to it. According to the International Diabetes Federation (IDF), in 2013, there were 381.8 million people living with diabetes across the globe and the number was expected to grow to 591.9 million by 2035.
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The global injectable drug delivery market is categorized as therapeutic applications, end-users, and products type. Based on therapeutic applications, the injectable drug delivery market is segmented as oncology disorders, autoimmune diseases, orphan diseases, hormonal disorders, and others. The hormonal disorders segment leads the global injectable drug delivery market due to high prevalence of diabetes. Based on end-users, the injectable drug delivery market is categorized as hospitals and nursing homes, research institutes, pharmaceutical and biotechnology companies, and others.
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Geographically, North America will be leading the global injectable drug delivery market in the coming years due to high prevalence of cancer and diabetes cases, and high patient compliance for injectable drug delivery devices. Asia-Pacific is the fastest growing region in the global injectable drug delivery market. The major reasons for the fastest growth in the region are increasing disposable income, large pool of population base and improving healthcare infrastructure. Moreover, the injectable drug delivery market is growing rapidly due to large unexplored injectable drug delivery market and increasing awareness of injectable drug delivery systems in emerging economies, such as India and China, of Asia-Pacific region.
Some of the major players operating in the global injectable drug delivery market are Becton, Dickinson and Company, Baxter International, Inc., Novo Nordisk A/S, Terumo Medical Corp., Sanofi, Schott AG, Ypsomed Holding AG, Antares Pharma, Inc., Owen Mumford Ltd., Eli Lilly And Company, and Zogenix, Inc. among others.
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