Magnetic Driven Drug Delivery Technology Market Generated Opportunities, Future Scope 2021-2028 | Abbott Laboratories, Becton, Dickinson and Company, Thermo Fisher Scientific Inc.

Market Overview:

Drug delivery devices have revolutionized the course of medical treatment in recent times. Magnetic drug delivery/targeting is a method by which magnetic drug carriers in the body are manipulated by external magnetic fields to reach the target area. Drug delivery systems (DDSs) are developed to deliver the required amount of drugs effectively to appropriate target sites and to maintain the desired drug levels. Magnetic drug delivery of anticancer drugs is considered to be one of the pillars of cancer treatment as it could allow for a better treatment efficiency and less adverse effects. Various types of nanoparticles or nano-carriers such as dendrimers, magnetic particle, drug-conjugate nanoparticles, silver nanoparticle, silica nanoparticle, carbon nanoparticles, and polymeric micelles are used in different industries to cater specific needs.

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Competitive Landscape:

Major players operating in the global magnetic driven drug delivery technology market are Bayer AG, Pfizer, Inc., Novartis AG, Johnson & Johnson, Amgen, Inc., Sanofi, F. Hoffmann-La Roche Ltd., GlaxoSmithKline, and Becton, Dickinson and Company, among others.

Key Market Drivers:

Increase in life-threatening and chronic disorders, such as cancer, across the globe is expected to propel growth of the magnetic driven drug delivery technology market during the forecast period. For instance, according to the World Health Organization (WHO), cancer is a leading cause of death around the world, accounting for nearly 10 million deaths in 2020. Around 70% of deaths from cancer occur in low- and middle-income countries.

Moreover, increasing number of clinical trials/studies and growing R&D expenditure on drug development is expected to boost the growth of the magnetic driven drug delivery technology market. For instance, in September 2021, a research team from Merck & Co. announced that nuclear magnetic resonance (NMR) spectroscopy has the potential to enhance biologic drug formulation, optimizing delivery, and bioavailability. Thus, it is necessary to develop and use advanced biophysical techniques and methods for high-resolution characterization.

COVID-19 Impact Analysis:

Targeted drug delivery is one of the most important noteworthy methods for delivering drugs to the involved bronchi. Besides drug delivery, magnetic nanomedicine could be formulated to deliver multiple drugs at a targeted site to achieve desired therapeutic performance. Drug that combats COVID-19 (SARS-CoV-2) saves the lives of chronically ill patients, saves healthcare workers, and those at high risk of infection.

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Key Takeaways:

For instance, in November 2021, a research team form the University of Virginia School of Medicine developed a non-invasive way to remove faulty brain circuits that could allow doctors to treat neurological diseases without the need for conventional brain surgery.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the magnetic driven drug delivery technology market, owing to the increasing prevalence of cancer, introduction of novel drug delivery technologies, increasing number of clinical trials, and increase in research and development.

For instance, in June 2020, researchers from the US and UK developed a 3D printed device with a controllable system for on-demand drug delivery via an integrated magnetic field. This system is designed with the idea of creating a safe, long-term, and reusable method for localized disease treatment for indications like cancer.

Moreover, in April 2018, researchers from the Indian Institute of Technology, Guwahati, India developed a new way for precise delivery of anti-cancer drugs using a dual-purpose magnetic metal-organic framework of nanoparticles.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Magnetic Driven Drug Delivery Technology Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Magnetic Driven Drug Delivery Technology Industry Impact

Chapter 2 Global Magnetic Driven Drug Delivery Technology Competition by Types, Applications, and Top Regions and Countries
2.1 Global Magnetic Driven Drug Delivery Technology (Volume and Value) by Type
2.3 Global Magnetic Driven Drug Delivery Technology (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Magnetic Driven Drug Delivery Technology Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 6 East Asia Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 7 Europe Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 8 South Asia Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 9 Southeast Asia Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 10 Middle East Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 11 Africa Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 12 Oceania Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 13 South America Magnetic Driven Drug Delivery Technology Market Analysis
Chapter 14 Company Profiles and Key Figures in Magnetic Driven Drug Delivery Technology Business
Chapter 15 Global Magnetic Driven Drug Delivery Technology Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology

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