Drug Delivery Devices Market Size, Share, Analysis | 2022 - 28

The research report "Drug Delivery Devices Market: By Type (PCR Test Kits, ELISA Test Kits Others) Disease (Bacterial diseases, Viral diseases, Parasitic diseases, Mycoses and Mycotoxicosis, Neoplastic Diseases) Distribution Channel (Veterinary Hospitals, Veterinary Clinics others) - Global/Region/Country Forecast to 2028. The drug delivery devices market size was valued at USD 237.3 billion in 2021 and is anticipated to grow at a CAGR rate of 6.3% during the forthcoming years 2022-2028.

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Increasing incidence of zoonotic diseases in forecast period is anticipated to fuel the Drug Delivery Devices Market:
A type of technique used to recognize several illnesses found in poultry is known as drug delivery devices. Avian Salmonellosis, Avian Mycoplasmosis, Infectious Bronchitis, Avian Influenza and others are the diseases seen in birds. This global market report aims at providing a complete overview on the drug delivery market size and categorized on the basis of Distribution Channel, type and disease. On the basis Disease, the Drug Delivery Devices Market is classified into Parasitic, Bacterial and Viral diseases. The viral disease segment among other segments is anticipated to grow as the rapidly growing market during the forecast time span. Drug Delivery market is categorized into segments such as ELISA Test Kits, PCR Test Kits and others based on type. The ELISA Test Kits segment is likely to be the major and speedily growing segment among other segments. The Drug Delivery Devices market is classified into segments such as Veterinary Clinics, Veterinary Hospitals and others on the basis of Distribution Channel. Among these segments, Veterinary Hospitals segment is anticipated to witness a significant share in 2021. The growth in this segment is chiefly because it provides extension services, consultation and diagnostic testing for backyard and commercial poultry producers. Such hospitals offer testing plans for covering commercial producers and one pet chicken. Zoetis acquired Basepaws in June 2022 to expand the portfolio of Zoetis in pet care and animal health inventions. BioChek acquired BIOTECON in April 2022, which provides complete diagnostic management solution.

One of the important factors projected to impel the growth of market over the future period is the outbreak of poultry diseases. Furthermore, there are a few more factors burgeoning the growth of market over the forecast period include beginning of animal health information portals in advanced nations, increasing incidence of zoonotic diseases in forthcoming years and growing demand for poultry-derived food items.

North America accounted for major share in the Drug Delivery Devices Market:
North America market is anticipated to witness the highest market share during the future period because of presence of leading players working in this region, wide-ranging distribution networks in the region and progressive infrastructure relating to animal health.

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Competitive Analysis - Drug Delivery Devices Market:
Major players working in the drug delivery devices market are Becton Dickinson and Company, Hoffmann La Roche Ltd., and Smiths medical, Inc., Braun Melsungen AG and Pfizer, Inc.

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