Press release
Drug Delivery Devices Market Insights : to Grow at Exponential Rate During 2019-2026 ; to Surpass $26.74 Billion by 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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ 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.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:
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.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ:
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.
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ-https://www.alliedmarketresearch.com/connect-to-analyst/A06095
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐- https://www.alliedmarketresearch.com/drug-delivery-devices-market-A06095
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