Advanced Drug Delivery Systems Market to Witness Robust Expansion throughout the Forecast 2017-2025
Most of the advanced drug delivery systems are developed keeping in mind the cancer treatment as the chemotherapy drugs needs to have deeper penetration into the cancer site as well avoiding various associated side effects.
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Advanced drug delivery systems market: Drivers & Restraints
Various advantages of advanced drug delivery systems over the conventional delivery systems such as on site action, reduce dosing amount, increased drug efficacy, therapeutic success rate etc. support its market growth. In addition, increasing clinical research activities in the development of more advanced drug delivery systems would also be fuelling the market growth. Certain technical limitations in the development of methods, stringent regulations, high pricing for the advanced products, non-availability in the low income countries are some of the factors limiting the market growth of global advanced drug delivery systems.
By Delivery Mode:
Oral drug delivery
Pulmonary drug delivery
Transdermal drug delivery
Parenteral drug delivery
By Carrier Type:
By End Users:
Clinical Research & Development Centers
Development of novel drug delivery systems is dependent on the number of funding projects for its research and development. The price of the delivery system depends on the complexity of disease, drug molecule and the delivery mode preferred. Market growth is also dependent on the adoption rate of these advanced delivery systems by healthcare practitioners. Various advanced drug delivery and drug targeting systems are currently under development which may fuel the market in future. Emergence of new bioactive materials and gene therapy are also getting attention for the development of advanced drug delivery systems. The collaborations and mergers by the industry players also have a significant impact on the market for advanced drug delivery systems.
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Geographically, the market for advanced drug delivery systems can be segmented into five regions, North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America dominates the global advanced drug delivery systems market owing to the better adoption of improved drug delivery solutions as well as follow up of advanced treatment approaches in healthcare. This is followed by the European market owing to better healthcare infrastructure facilities and growing number of research activities in the healthcare domain over the region. Asia Pacific region represents significant market opportunities in the advanced drug delivery systems due to the improvement in healthcare infrastructure as well as increasing healthcare spending and rising disease prevalence. Latin America followed by MEA represents the lowest market share as well as growth rate in the advanced drug delivery solution with the lower adoption rate over the region.
Some major key players of advanced drug delivery systems market include NeXstar Pharmaceuticals, Inc., West Pharmaceutical Services, Inc., AstraZeneca, Sequus Pharmaceuticals Inc., 3M, Novartis International AG and others.
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