COVID -19 Impact On Drug Delivery Market 2020:Competitive Analysis By F. Hoffmann-la Roche Ltd, Bayer AG, Pfizer Inc., 3M, GlaxoSmithKline Plc, Merck Sharp & Dohme Corp (a subsidiary of Merck & Co., Inc.), and Sanofi

Drug delivery market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.4% in the forecast period of 2020 to 2027 and is expected to reach USD 510.62 billion by 2027. Technological development and increasing awareness about diagnosis and treatment around the globe is a driving factor for the market growth.

The report enlists a number of market drivers and restraints which are derived from SWOT analysis and also provides all the CAGR projections for the historic year 2016, base year 2017, and forecast period of 2020-2027. Drug Delivery report helps divulge uncertainties that may arise due to changes in business activities or introduction of a new product in the market. By knowing the marketing strategies of rivals, businesses can set up innovative ideas and striking sales targets which ultimately make them achieve competitive advantage over its competitors. This report can be obtained in the format of PDF and spreadsheets while PPT can also be provided depending upon client's request.

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The major players covered in the report are Johnson & Johnson Services, Inc., Novartis AG, F. Hoffmann-la Roche Ltd, Bayer AG, Pfizer Inc., 3M, GlaxoSmithKline Plc, Merck Sharp & Dohme Corp (a subsidiary of Merck & Co., Inc.), and Sanofi among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Market Drivers :

Technological development and increasing awareness about diagnosis and treatment around the globe is a driving factor for the market growth.

Drug delivery market has increased with technological development and the growth in the development of biologics in the developed as well as developing countries.

Asia-Pacific Drug Delivery Market Scope and Market Size

Drug delivery market is segmented on the basis of product type, end user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of product type, the market is segmented into oral drug delivery, pulmonary drug delivery, injectable drug delivery, opthalmic drug delivery, nasal drug delivery, topical drug delivery, implantable drug delivery and transmucosal drug delivery. In 2020, oral drug delivery segment is expected to dominate the market due to the high reception of oral drug delivery route of administration by the patients as it is one of the humblest, convenient, and harmless routes for drug administration.

On the basis of end user, the market is segmented into hospitals, community healthcare, home healthcare, clinics and others. In 2020, hospitals segment is expected to dominate the market as hospitals are the first contact points for various types of treatments and surgical procedures, also the needs of all the in-house patients are catered.

On the basis of distribution channel, the market is segmented into hospital pharmacies, pharmacy stores, direct tenders and online pharmacy. In 2020, direct tenders segment is expected to dominate the market as cost benefits are provided to end users by direct tenders as compared to retail sales as well as direct tenders right away supply drug delivery devices from manufacturer to hospitals, dermatological clinics and others.

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