Press release
Advanced Dermatology Drug Delivery Devices Market: Transforming Skincare with Targeted Treatments
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The latest research from Insightace Analytics estimated that the worldwide market for advanced dermatology drug delivery devices was worth $4.31 billion in 2021. It is anticipated to reach $9.60 billion by 2030, expanding at a CAGR of 9.4% between 2022 and 2030.
The utilization of needle-and-syringe combinations for transdermal drug administration is not a novel concept; in fact, it has been implemented for decades. On the principle of drug delivery, advanced dermatology drug delivery systems are constructed with characteristics that encourage greater patient participation, enhance medication adherence, reduce pain, and facilitate administration. Injectors, patches, airless flasks and dispensers, valves, dermal pumps, and supplementary devices for enhanced connectivity and safety are examples of such devices. Notwithstanding their widespread abhorrence, needle-and-syringe combination products presently constitute a significant proportion of the market. The majority of state-of-the-art drug delivery systems integrate at least one of the aforementioned characteristics in order to capture a portion of that market.
The market is anticipated to expand at a faster rate due to the increasing demand for connected devices, the escalating number of business synergies between pharmaceutical companies and drug delivery device manufacturers that result in the introduction of new combination products, the growing emphasis on prescription/medication/patient adherence, and cutting-edge drug delivery technologies such as microneedle patches. The market is experiencing growth due to several factors, including the worldwide demand for connected devices, increasing business synergies with pharmaceutical companies, innovative technologies in drug delivery, and a growing focus on prescription adherence. Concerns regarding data privacy, stringent regulations, and a considerable proportion of the population in developing countries lacking knowledge regarding contemporary drug delivery systems for dermatology are among the factors impeding the expansion of the market. Prospects to stimulate market expansion include the development of a specialized application store catering to the pharmaceutical industry, capitalizing on synergistic effects to penetrate emerging markets, and producing cost-effective devices to bolster sales in price-sensitive sectors.
Europe is anticipated to contribute to the market for significantly advanced drug delivery devices for dermatology during the forecast period. Europe represents a promising market for advanced drug delivery systems in the field of dermatology, making it an attractive location for early adopters of novel devices.
Due to their advantages over conventional methods, connected devices have acquired popularity in Europe, including enhanced patient care and safety, shorter hospital stays, and quicker recovery. Furthermore, substantial growth is anticipated in the advanced dermatology drug delivery devices market in North America. In terms of technology, North American healthcare systems are among the most advanced in the world. Numerous early adopters of advanced dermatology medication delivery systems reside in this region, which is the largest market for these machines worldwide.
The advanced dermatology drug delivery devices market is comprised of the following market leaders: 3M Company, Zosano Pharma Corporation, Raphas Co., Ltd., Nanopass Tech, Corium International, Inc., Valeritas, Inc., Nitto Denko Corporation, and Microder
Recent collaborations and agreements in the market:
• A partnership was established between Sumaira Foundation for NMO (TSF), an organization dedicated to enhancing public knowledge regarding neuromyelitis optica spectrum disorder, and Portal Instruments, Inc. (NMOSD), in March 2021. By virtue of the partnership, both organizations will be able to collaborate closely in order to improve care for individuals with NMOSD.
• In February 2020, Nemera's Safe'n'Spray intelligent electronic concept device was honored with the Pharmapack Award for "Best Innovation in Drug Delivery Device." In order to ensure medication administration is monitored and overdosing is prevented, the Safe'n'Spray integrated device integrates biometric authentication with a reusable electronic locking mechanism. Safe'n'Spray is specifically engineered to meet the unique requirements of volumetric patient administration over a predetermined time period in order to prevent overdosing.
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Market Segments
Global Advanced Dermatology Drug Delivery Devices Market, by Product, 2022-2030 (Value US$ Mn)
• Injectors
• Disposable Injectors
• Hydrogel Forming Microneedles
• Needle-Less Patches
• Dermal Pumps
• Airless Dispensers and Bottles
• Reusable Injectors
• Wearable Injectors
• Patches
• Microneedle Patches
• Solid Removable Microneedles
• Coated Microneedles
• Dissolving Microneedles
• Hollow Microneedles
• 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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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