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Drug Delivery Devices Market Insights : to Grow at Exponential Rate During 2019-2026 ; to Surpass $26.74 Billion by 2026

04-22-2024 10:32 AM CET | Health & Medicine

Press release from: Allied Market Research

Drug Delivery Devices Market Insights : to Grow at Exponential

According to a new report published by Allied Market Research, titled, "Drug Delivery Devices Market by Device Type, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global drug delivery devices market size was valued at $19 billion in 2018, and is expected to reach $26.7 billion by 2026, registering a CAGR of 4.3% from 2019 to 2026.

Drug delivery devices play a crucial role in administering medications to improve health and prolong lives. These devices facilitate various methods of drug intake, including ingestion, absorption, inhalation, transdermal absorption, and intravenous injection. They regulate the release rate and target specific areas within the body. With the rise in chronic diseases globally, the demand for drug delivery devices has increased significantly. Factors such as aging populations and the growing adoption of biologics further contribute to market growth. However, stringent regulations for new device launches pose challenges, although developing economies offer promising growth opportunities.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/A06095

Market analysis considers device type, administration route, and region. Inhalers and nebulizers dominate the market, driven by the increasing prevalence of respiratory ailments like asthma and heightened awareness regarding their effectiveness. Smart pills are poised for rapid growth due to their monitoring capabilities, aiding drug development processes. Hospitals and diagnostic centers are the primary end users, addressing the demand for treating chronic diseases. Ambulatory surgical centers are expected to grow rapidly, reflecting the increasing number of such facilities worldwide.

North America leads the market due to easy device availability and high chronic disease rates, while Asia-Pacific shows significant growth potential. The region benefits from rising awareness and a dynamic life science industry, particularly in countries like India, China, and South Korea.

๐Š๐ž๐ฒ ๐…๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐ญ๐ฎ๐๐ฒ:
Inhalers and nebulizers occupied more than one-thirds share of the global drug delivery devices market in 2018.
The hospitals and diagnostic centers segment in end user is anticipated to grow with the highest CAGR throughout the forecast period.
The transdermal patches segment in device type accounted for more than one-thirds share of the drug delivery devices market in 2018.
Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA.

๐Š๐ž๐ฒ ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ:
This report entails a detailed quantitative analysis along with the current global drug delivery devices market trends from 2018 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The drug delivery devices market forecast is studied from 2019 to 2026.
The market size and estimations are based on a comprehensive analysis of key developments in the drug delivery devices industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the drug delivery devices market.

๐’๐ฉ๐ž๐š๐ค ๐ญ๐จ ๐Ž๐ฎ๐ซ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ-https://www.alliedmarketresearch.com/connect-to-analyst/A06095

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ
BECTON, DICKINSON AND COMPANY
3M Company
Insulet Corporation
Sulzer Ltd. (Medmix Systems AG)
West Pharmaceuticals Services, Inc
GlaxoSmithKline plc
AstraZeneca PLC
Boehringer Ingelheim group
Medtronic Plc

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž- https://www.alliedmarketresearch.com/drug-delivery-devices-market-A06095

David Correa
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help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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