Oral Drug Delivery Systems Market Will Escalate Rapidly in the Near Future

Oral Drug Delivery Systems Market: Introduction

Drug delivery systems are employed to deliver therapeutic agents in a controlled manner. Drugs are delivered through various routes such as oral, nasal, and intravenous. They can be absorbed through the skin too. The oral route of drug delivery has undergone development over the last few years, with several technologies under clinical trials. Among these, oral drug delivery systems are available in the form of tablets and films.

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Key Drivers, Restrains, and Opportunities of Global Oral Drug Delivery Systems Market

The global oral drug delivery systems market is anticipated to be driven by various factors during the forecast period, such as rise in the number of collaborations among market players, an increase in the demand for oral drug delivery technologies for use in the treatment of chronic diseases, and a rise in the prevalence of chronic diseases across the world. For instance, in December 2017, Shire, a biotechnology company manufacturing products for rare diseases, and Rani Therapeutics, an InCube Labs company, entered into a collaboration to conduct research on use of the Rani Pill technology for oral delivery of the Factor-VIII (FVIII) therapy indicated for hemophilia A. This collaboration enabled the two companies to enhance their R&D efforts and offer promising therapies for rare diseases. In December 2018, Gensco Pharma, a manufacturer of prescription transdermal products, entered into a definitive licensing, development and supply agreement with IntelGenx Corp, an oral drug delivery company, for commercialization of RIZAPORT, an oral thin film used in the treatment of migraine, in the U.S. market.

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Global Oral Drug Delivery Systems Market: Segmentation

The global oral drug delivery systems market can be segmented based on product, end-user, and region. In terms of product, the market can be divided into thin films, tablets, solutions & syrups, and granules. In terms of end-user, the market can be categorized into hospitals, ambulatory surgical centers, home healthcare, and others. The home healthcare segment is expected to account for a prominent market share during the forecast period, owing to a rise in the rate of adoption of oral drug delivery systems by healthcare professionals, especially in developed countries such as the U.S.

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