Press release
Advanced Dermatology Drug Delivery Devices Market Future Trends and Scope Analysis Report
The Advanced Dermatology Drug Delivery Devices Market Size is valued at 4.67 Billion in 2022 and is predicted to reach 10.62 Billion by the year 2031 at a 9.65 % CAGR during the forecast period for 2023-2031.
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Drug administration through the skin using needle-and-syringe combinations is not a novel idea, and it has been practised for decades. Advanced dermatology drug delivery systems are built on the idea of drug delivery with features for increased consumer involvement, improved medication adherence, user-friendly design, pain reduction, and ease of administration. Some gadgets include injectors, patches, airless bottles and dispensers, valves, dermal pumps, and add-on devices for safety and improved connectivity. Despite being universally despised, needle-and-syringe combination items currently account for a sizable portion of the market. Most cutting-edge drug delivery systems incorporate at least one of the previously listed attributes to gain some of that share.
The push for connected devices, the rising number of business synergies between drug delivery device manufacturers and pharmaceutical companies that result in the launch of new combination products in the market, the growing emphasis on prescription/medication/patient adherence, and cutting-edge drug delivery technologies like microneedle patches are the main driving factors that are anticipated to accelerate the market's growth. The global push for connected devices, rising business synergies with pharmaceutical firms, novel technologies in drug delivery, and growing emphasis on prescription adherence are among the factors propelling the market growth.
Strict laws, worries about data privacy, and a substantial portion of developing nations' populace unaware of modern dermatology drug delivery systems are some of the issues limiting the market's growth. Creating a specific app store for pharmaceutical businesses, utilizing synergies to enter emerging countries, and creating low-cost gadgets to increase sales in price-sensitive areas are potential opportunities to spur the market's growth.
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Over the forecast years, Europe is anticipated to contribute to the significantly advanced dermatology drug delivery devices market. As one of the future top markets for sophisticated dermatology drug delivery systems, Europe is a market for early adopters of innovative devices. Connected devices have gained popularity in Europe due to their advantages over conventional methods, including improved patient care and safety, shorter hospital stays, and quicker recovery.
In addition, the North American advanced dermatology drug delivery devices market is expected to grow significantly. North American healthcare systems are among the most cutting-edge in the world regarding technology. The region is the world's largest market for these devices and has many early adopters of advanced dermatology medicine delivery systems.
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Major market players operating in the advanced dermatology drug delivery devices market include 3M Company, Zosano Pharma Corporation, Raphas Co., Ltd., Nanopass Tech, Corium International, Inc., Valeritas, Inc., Nitto Denko Corporation, Microder
Recent collaborations and agreements in the market:
• In March 2021, Sumaira Foundation for NMO (TSF), a group working to increase public understanding of the neuromyelitis optica spectrum disorder, partnered with Portal Instruments, Inc. (NMOSD). The partnership will enable both businesses to work closely together to enhance the care for people with NMOSD.
• In February 2020, Safe'n'Spray smart electronic concept device from Nemera won the Pharmapack Award for "Best Innovation in Drug Delivery Device." To monitor medication administration and prevent overdosing, the Safe'n'Spray integrated gadget combines a reusable electronic locking system and fingerprint authentication. Safe'n'Spray is designed to satisfy the particular demands of managing the amounts administered to patients over a set period to avoid overdosing.
Market Segments
Global Advanced Dermatology Drug Delivery Devices Market, by Product, 2022-2030 (Value US$ Mn)
• Injectors
• Disposable Injectors
• Reusable Injectors
• Wearable Injectors
• Patches
• Microneedle Patches
• Solid Removable Microneedles
• Coated Microneedles
• Dissolving Microneedles
• Hollow Microneedles
• Hydrogel Forming Microneedles
• Needle-Less Patches
• Dermal Pumps
• Airless Dispensers and Bottles
• Valves
• Other Devices
Global Advanced Dermatology Drug Delivery Devices Market, by Sales Channel, 2022-2030 (Value US$ Mn)
• B2B Sales Channel
• B2C Sales Channel
Global Advanced Dermatology Drug Delivery Devices Market, by End-User, 2022-2030 (Value US$ Mn)
• Hospitals
• Dermatology Practices
• Home Use
Global Advanced Dermatology Drug Delivery Devices Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Advanced Dermatology Drug Delivery Devices Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Advanced Dermatology Drug Delivery Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Advanced Dermatology Drug Delivery Devices Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Advanced Dermatology Drug Delivery Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Advanced Dermatology Drug Delivery Devices Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
> To receive a comprehensive analysis of the prospects for the global advanced dermatology drug delivery devices market
> To receive an industry overview and future trends of the advanced dermatology drug delivery devices market
> To analyze the advanced dermatology drug delivery devices market drivers and challenges
> To get information on the advanced dermatology drug delivery devices market value (US$Mn) forecast to 2030
> Significant investments, mergers & acquisitions in the advanced dermatology drug delivery devices market industry
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