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Injectable Drug Delivery Market - Global Forecast to 2032, by Device Type (Prefilled Syringes, Auto Injectors, Pens, Conventional Syringes, Cartridges, Ampoules, Vials, and Others), by Material Type (Glass and Plastic), by Usability (Disposable and Reusab

01-27-2023 01:12 PM CET | Health & Medicine

Press release from: Analytics Market Research

Global Injectable Drug Delivery Market

Global Injectable Drug Delivery Market

Global Injectable Drug Delivery Market - Market Insights
The global injectable drug delivery market size was valued at USD 561.0 billion in 2021 and is projected to reach up to 1,223.0 million in 2030, with a CAGR of 9.0% in the forecasted period 2023-2032.
The most efficient method of administering medications to the intended site is thought to be injectable drug delivery, which also improves patient adherence to the medication. The quick absorption of drugs from many sites, including subcutaneous, intravenous, and intramuscular, is improved by injectable delivery. Medication availability at the target site of action is provided by injection delivery, which increases the bioavailability of the drug in the systemic circulation.

The industry is anticipated to develop as chronic diseases like diabetes and other illnesses become more common. Around 60 million individuals in Europe had diabetes in November 2011, according to the World Health Organization (WHO), with about 10.3% of men and 9.6% of women 25 and older suffering from the disease. In a similar vein, the World Health Organization (WHO) 2018 factsheet states that 8.5% of persons worldwide who are 18 years of age and older had diabetes in 2014.

Additionally, market participants are concentrating on the creation and introduction of injector products, which is anticipated to fuel the expansion of the global market for injectable medication delivery throughout the course of the forecast period. For instance, Berlin-Chemie introduced the BerliPen areo 3 in Germany in 2016. The 300 unit BerliPen Areo 3 insulin pen can be used to treat both type 1 and type 2 diabetes and can be used with six different insulins. Similar to this, Teva Pharmaceuticals got FDA approval in August 2018 for its generic versions of Mylan's EpiPen and EpiPen Jr. The first generic company to get FDA approval is Teva Pharmaceuticals.

Global Injectable Drug Delivery Market Analysis and Size
Over the projection period, it is anticipated that the market for injectable drug delivery will expand quickly. Rapid technological use has led to the global proliferation of sedentary lifestyles. This change in lifestyle is increasing the prevalence of obesity, which is causing an array of chronic illnesses like diabetes and cardiovascular disease. Healthcare systems' desire to concentrate more on cutting-edge drug delivery technology has increased as a result of the rise of chronic diseases. As a result, the market was introduced to injectable drug delivery systems.

Global Injectable Drug Delivery Market Definition
Drug delivery refers to a variety of formulations, methods, tools, and systems that transport medicinal ingredients into the body. Among the injectable drug administration methods are standard syringes, auto injectors, and pen injectors.

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Segments
By Type
• Devices
o Conventional Injectables
o Pre-Filled Syringes
o Auto-Injectors
o Pen-Injectors
• Formulations

By Formulation Packaging
• Ampules
• Vials
• Cartridges
• Bottles

By Therapeutic Application
• Auto-immune diseases
• Hormonal Disorders
• Orphan Diseases
• Oncology
• Others

By Usage Pattern
• Curative Care
• Immunization
• Other

By Site of Administration
• Skin
• Circulatory/Musculoskeletal
• Organs
• Central Nervous System

By Distribution Channel
• Hospitals & Clinics
• Retail Pharmacy Stores
• Others

By Facility of Use
• Hospitals & Clinics
• Home Care Settings
• Other

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt

Read Full Research Report @ https://analyticsmarketresearch.com/reports/injectable-drug-delivery-market/21645/

Key Companies Insights
Key players are aiming on their technological partnerships, collaborations, and merger & acquisitions strategies to gain an economical edge and grow their product portfolio & business footmarks. The Covid-19 pandemic hindered the healthcare systems worldwide and driven the market players to transform products for unexploited opportunities.

CUSTOMIZATION OPTIONS:
• Distributor Landscape Assessment
• Pipeline Assessment
• Pricing Intelligence
• Customer Base Assessment
• Investment & Initiatives Analysis
• 'Business Profile' of Key Players

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COVID-19 Impact on Injectable Drug Delivery Market
A very contagious illness, the coronavirus primarily affects the respiratory system of victims. People from all across the world have been affected by the COVID-19. It had a detrimental effect on how all industries operated, with the exception of the pharmaceutical industry. In comparison to before the global pandemic, more ventilators, testing supplies, medications, vaccines, and oxygen cylinders are required. The market for injectable drug delivery devices has experienced a growth as a result of the rise in demand for medical supplies and other injectable devices in recent years. The government of every nation is investing a sizeable amount of its financial resources in purchasing and producing more pharmaceuticals and medical equipment. People are given vaccinations all throughout the world. The demand for injectable medicine delivery devices is growing as a result.

Frequently Asked Questions
• What are the growth estimates for injectable drug delivery market till 2032?
• Which are the prominent injectable drug delivery market players across the globe?
• What are the key factors hampering growth of the injectable drug delivery market?
• What are the key factors driving growth of the injectable drug delivery market?
• What is the Compound Annual Growth Rate (CAGR) of the injectable drug delivery market for next 10 years?
• Which region is dominating the injectable drug delivery market growth?

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