Drug Delivery Market To Hit $1,005.93 billion By 2027- Analysis By Trends, Size, Share| Novartis AG, F. Hoffmann-la Roche Ltd, Bayer AG, Pfizer Inc., 3M, Antares Pharma, GlaxoSmithKline Plc, Merck Sharp & Dohme Corp

Rising prevalence of chronic diseases such as diabetes, cancer, and heart disease have led to a surge in the development of drug delivery technology market in North America. According to data provided by Triple Solution for a Healthier America, 49% of Americans suffers from one or more chronic diseases. These diseases account for 7 out of 10 deaths in the U.S. Heart disease is one of the leading causes of deaths in the country. More than 4 million people are hospitalized due to the heart failure each year. It accounts for USD 432 billion of healthcare costs annually. In the U.S., chronic diseases result in costs worth USD 7,900 for every individual suffering from a chronic condition.

Some of the major players operating in this market are:-

Johnson & Johnson Services, Inc.,
Novartis AG, Pfizer, Inc.,
Merck & Co., Inc.,
Antares Pharma,
3M,
Becton Dickinson and Company,
Cima Labs Inc.,
Valeant Pharmaceuticals InternationalInc. ,
Catalent Inc. ,
among others.

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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 6.4% in the forecast period of 2020 to 2027 and is expected to reach USD 1,005.93 billion by 2027.

Segmentation:North America Drug Delivery Market

Drug Delivery Market By Product Type
(Oral Drug Delivery, Pulmonary Drug Delivery, Injectable Drug Delivery, Opthalmic Drug Delivery, Nasal Drug Delivery, Topical Drug Delivery, Implantable Drug Delivery, Transmucosal Drug Delivery),

Drug Delivery Market By End User
(Hospitals, Community Healthcare, Home Healthcare, Clinics, Others),

Drug Delivery Market By Distribution Channel
(Hospital Pharmacies, Pharmacy Stores, Direct Tenders, Online Pharmacy),

Drug Delivery Market By Country
( U.S. Mexico, Canada)

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Drivers: North America Drug Delivery Market

Some of the major factors driving the market for North America drug delivery market are rising prevalence of chronic disease such as diabetes, growth of biologics, new product launches, drug innovation, technological advancements and growth in the development of biologics.

Rising Prevalence Of Chronic Disease Such As Diabetes

The prevalence of diseases and conditions such as cardiovascular diseases (CVDs), asthma, cancer, neurological disorders, stroke, diabetes, and respiratory diseases has increased significantly over a period of time.With the rising prevalence of chronic diseases, there is growing demand for the development and innovation of drug delivery systems such as pulmonary drug delivery, injectable drug delivery, and transdermal patches for targeted drug delivery.

Growth In The Development Of Biologics

Biologics is considered as one of the fastest growing segment in the pharmaceutical market. Development and manufacturing of biologics for both branded and generic drugs is becoming increasingly competitive with the presence of players. Biologics are administered through injection such as Cimzia, Cosentyx, Enbrel, Humira, Simponi and Taltz are injected in the legs, abdomen or arms

Technological Development

With the development of new drug delivery systems administration of drugs through different routes becomes more efficient and effective. Implantable drug delivery system is also an example of technological advancement in the field of drug delivery market.

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TOC points of drug delivery Market Report:

• Market size & shares
• Market trends and dynamics
• Market Drivers and Opportunities
• Competitive landscape
• Supply and demand
• Technological inventions in drug delivery industry
• Marketing Channel Development Trend
• drug delivery Market Positioning
• Pricing Strategy
• Brand Strategy
• Target Client

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