Drug Delivery Technology Market 2019 Analysis and Precise Outlook - Novartis AG, F.Hoffmann-La Roche Ltd., Pfizer, Inc., Bayer AG

The report titled "Drug Delivery Technology Market" report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.

The Drug Delivery Technology market was valued at 19300 Milion US$ in 2019 and is projected to reach 23900 Million US$ by 2025, at a CAGR of 7.5 % during the forecast period.

Increasing prevalence of chronic diseases, increasing demand for biologics, technological advancements, and new product launches are some of the major factors driving the growth of the market.

Self-administration & home care and rising demand for biosimilars and generic drugs offer significant growth opportunities for player operating in the market. On the other hand, risk of needle-stick injuries and side effects of drugs may restraint the growth of the market.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Drug Delivery Technology Market: Johnson & Johnson Services, Inc., Novartis AG, F.Hoffmann-La Roche Ltd., Pfizer, Inc., Bayer AG, Antares Pharma, Inc., Becton, Dickinson and Company, Glaxosmithkline PLC, 3M, Merck & Co., Inc., Sanofi and others.

News Update: 3M

March 31, 2020 (ST. PAUL, Minn.--(BUSINESS WIRE)--)

3M Chairman and CEO Mike Roman issued the following update announcing additional details about 3M's capacity increases of N95 respirators, strong measures to combat price gouging and counterfeiting, and new partnerships to help protect our healthcare workers on the front lines:

We continue to act with urgency to address this crisis from every angle, and do all we can to protect our heroic nurses, doctors and first responders. As previously communicated, beginning in January we ramped up to maximum production of N95 respirators, doubling our global output to a rate of 1.1 billion per year, or 100 million per month. This includes 35 million per month in the United States, and over just the last seven days we have delivered 10 million N95 respirators to healthcare facilities in states across the country.

We've already put into motion additional investments and actions that will enable us to double our capacity once again, to 2 billion globally within the next 12 months - and some of that additional capacity will begin to come online in the next 60-90 days. In the United States, we expect to be producing N95 respirators at a rate of 50 million per month in June, a 40 percent increase from current levels.

Global Drug Delivery Technology Market Split By Product Type and Applications:

This report segments the global Drug Delivery Technology Market on the basis of Types are:
Oral
Injectable
Topical
Ocular
Nasal
Pulmonary
Transmucosal
Implantable

On the basis of Application, the Global Drug Delivery Technology Market is segmented into:
Hospitals
Ambulatory Surgical Centers
Home Care settings
Diagnostic Centers
Other Facilities of Use

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Regional Analysis For Drug Delivery Technology Market:

For the comprehensive understanding of market dynamics, the global Drug Delivery Technology Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

Important Features that are under Offering and Key Highlights of the Reports:

- Detailed overview of Drug Delivery Technology Market.
- Changing market dynamics of the Drug Delivery Technology Market industry.
- In-depth segmentation of Drug Delivery Technology Market by Type, Application etc.
- Historical, current and projected market size in terms of volume and value.
- Recent industry trends and developments.
- Competitive landscape of Drug Delivery Technology Market.
- Strategies of key players and product offerings.
- Potential and niche segments/regions exhibiting promising growth.

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References and Sources:

https://investors.3m.com/news/news-details/2020/3M-Outlines-Latest-Actions-on-COVID-19-Response/default.aspx

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