Press release
Drug Delivery Devices Market expected to reach $26,742 million by 2026, Focusing on top key players like 3M Company, AstraZeneca PLC, Becton, Dickinson and Company, Boehringer Ingelheim group, Consort Medical plc, GlaxoSmithKline plc
Drug Delivery Devices Market
Drug delivery is the process of administering a pharmaceutical compound to provide therapy to various diseases. The drug delivery technologies change the profile of drug release, including absorption, distribution, and elimination to improve product safety and efficacy. It also sees the patient convenience and compliance with the drug. The common routes of administration are the oral, enteral, parenteral, inhalation, topical, and transdermal patches routes.
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Key Players:
3M Company, AstraZeneca PLC, Becton, Dickinson and Company, Boehringer Ingelheim group, Consort Medical plc, GlaxoSmithKline plc, InsuletCorporation, Medtronic Plc, Sulzer Ltd. (Medmix Systems AG), West Pharmaceuticals Services
The key factors that drive the growth of the drug delivery devices market include rise in prevalence of chronic diseases and increase in the biologics market. In addition, surge in geriatric population further supplements the growth of the market. However, risk of needlestick injuries and stringent government regulations hinder the growth of the market globally. On the contrary, high growth prospects in emerging markets can provide newer opportunities for the drug delivery devices market growth.
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The research provides answers to the following
key questions:
1. What is the estimated growth rate of the market for the forecast period 2020–2026? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Drug Delivery Devices market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Drug Delivery Devices market?
4. What are the prominent market trends influencing the development of the Drug Delivery Devices market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Drug Delivery Devices market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
Sameer Joshi
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