Press release
Innovations in Drug Delivery Devices Market 2023 Improving Patient Care and Treatment Efficiency 2023-2030 | Cipla, Baxter International, Nipro Corporation
The size of the worldwide market for drug delivery devices was estimated at USD 269.8 billion in 2022, and it is anticipated to reach USD 421 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.56% from 2023 to 2030. Devices or systems used to transport therapeutic substances, such as medications or biologics, into the body in order to produce a desired therapeutic effect are referred to as drug delivery devices. These devices can be administered through a variety of methods, including oral, injectable, transdermal, inhalable, and implanted, to name a few. They are made to guarantee precise dosage, increase patient compliance, improve bioavailability, and deliver drugs to specific areas of the body.
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The Key companies profiled in the Drug Delivery Devices Market:
The study examines the Drug Delivery Devices Market's competitive landscape and includes data on Cipla, Baxter International, Nipro Corporation, Roche, Boehringer Ingelheim, Allergan, 3M, BD, Catalent, Valeant Pharmaceuticals, Bayer AG, Chiesi, Phillips-Medisize, Johnson & Johnson, Shandong Weigao, Pfizer, B.Braun, Novartis AG, Zhengkang, Gerresheimer, COVIDIEN Medtronic, Schott forma vitrum, Alkermes, Skyepharma & Others.
Global Drug Delivery Devices Market Split by Product Type and Applications
This report segments the Drug Delivery Devices Market on the basis of Types:
Injection Type
Mucosal Type
Implanted Type
Others Type
On the basis of Application, the Drug Delivery Devices Market is segmented into:
Pharmaceutical Companies
Hospitals
Clinics
Other
The market for drug delivery devices is significantly fueled by chronic illnesses like diabetes, cancer, and cardiovascular disease. These illnesses require long-term therapy, which frequently entails varying medication doses. By making it simpler for individuals with chronic conditions to take their prescriptions, drug delivery devices can assist to increase compliance.The market is expanding as a result of technological developments in the area of medication delivery. A potential trend, for instance, is the creation of smart medication delivery systems that can track and modify medicine doses based on the specific needs of the patient. Large molecules known as biologics are challenging to administer. By making biologics more stable and simple to administer, drug delivery devices can aid in improving the administration of biologics.
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North America is the market leader for drug delivery devices globally, followed by Europe and Asia Pacific. Due to the high cost of healthcare in the region and the rising incidence of chronic illnesses, North America is the region with the greatest market for drug delivery devices. After Asia Pacific, Europe is the second-largest market for drug delivery devices. Since chronic illnesses are becoming more common and new technologies are being adopted at a faster rate in the area, Asia Pacific is predicted to have the fastest expanding market for drug delivery devices.
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Market Segmentation:
Drug Delivery Devices market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
A significant market driver for medical devices & consumables is drug delivery devices. The market for drug delivery devices is predicted to expand, which would increase demand for medical equipment and consumables such syringes, needles, and infusion pumps. Additionally, it is anticipated that the development of novel drug delivery methods would open up new potential for the medical devices and consumables sector.
Major Point of Table of Contents:
Chapter 1 Drug Delivery Devices Market Overview
Chapter 2 Company Profiles
Chapter 3 Drug Delivery Devices Market Competition, by Players
Chapter 4 Drug Delivery Devices Market Size Segment by Type
Chapter 5 Drug Delivery Devices Market Size Segment by Application
Chapter 6 North America by Country, by Type, and by Application
Chapter 7 Europe by Country, by Type, and by Application
Chapter 8 Asia-Pacific by Region, by Type, and by Application
Chapter 9 South America by Country, by Type, and by Application
Chapter 10 Middle East & Africa by Country, by Type, and by Application
Chapter 11 Research Findings and Conclusion
Chapter 12 Appendix...
Global Drug Delivery Devices Market Research FAQs
1. What is the CAGR and market size?
2. What is the Forecast for next 5 years?
3. Who are the major key players (Suppliers/ manufacturers)?
4. Does your sample have some data for evaluation?
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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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