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Pharmaceutical Drug Delivery Market Size, Latest Trends, Growth Status, Top Major Players And Forecast To 2033
Pharmaceutical Drug Delivery Market
Pharmaceutical Drug Delivery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2337.46 billion In 2028 At A CAGR Of 6.5% :
The pharmaceutical drug delivery market size has grown strongly in recent years. It will grow from $1711.47 billion in 2023 to $1816.05 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increase in prevalence of chronic diseases, growing demand for biologics, increase in r&d investments by pharmaceutical companies, rising demand for personalized medicine, increased focus on patient compliance.
The pharmaceutical drug delivery market size is expected to see strong growth in the next few years. It will grow to $2337.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing demand for self-administration of drugs, increasing adoption of home healthcare, growing demand for targeted drug delivery, increase in the number of elderly people, regulatory support for drug delivery technologies. Major trends in the forecast period include advancements in drug delivery technologies, telemedicine integration, 3d printing in drug delivery, targeted drug delivery systems, continuous manufacturing processes.
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Pharmaceutical Drug Delivery Market Major Segments
The pharmaceutical drug delivery market covered in this report is segmented -
1) By Route of Administration: Oral, Ocular, Pulmonary, Nasal, Injectable, Topical, Other Routes
2) By Application: Infectious Diseases, Cancer, Cardiovascular Diseases, Diabetes, Respiratory Diseases, Central Nervous System Disorders, Autoimmune Diseases, Other Applications
3) By End-User: Hospitals, Home Care Settings, ASC/Clinics, Other End Users
Key Driver - Rising Prevalence Of Chronic Diseases Fuels Pharmaceutical Drug Delivery Market Growth Addressing Treatment Challenges
The growing prevalence of chronic diseases is expected to propel the growth of the pharmaceutical drug delivery market going forward. Prevalence of chronic diseases refers to the total number of existing cases of chronic diseases in a population at a specific time. Pharmaceutical drug delivery helps the patients suffering from chronic diseases by delivering a pharmaceutical drug to a specific part of the body to treat different diseases. For instance, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, noncommunicable diseases kill 41 million people each year, equivalent to 71% of all deaths globally and cardiovascular diseases account for most of the deaths. Therefore, the growing prevalence of chronic diseases is driving the pharmaceutical drug delivery market growth.
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Prominent Trend - Strategic Partnerships For Enhanced Brain Drug Delivery Innovations In Overcoming The Blood-Brain Barrier
Major companies operating in the pharmaceutical drug delivery market are adopting a strategic partnership approach that seeks to find novel transport targets and shuttle molecules to improve medicine delivery to the brain. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2021, The Wyss Institute for Biologically Inspired Engineering of Harvard University, a US-based cross-disciplinary research institute, announced a collaboration with different industry partners to identify more effective techniques for delivering medications through the blood-brain barrier (BBB) for the management of brain illnesses. The initiative's major aims are going to be to discover transport target proteins in the BBB and to produce antibody compounds that bind to these targets to help future medicines get to the brain.
Pharmaceutical Drug Delivery Market Players
Major companies operating in the pharmaceutical drug delivery market report are 3M Company., AbbVie Inc., Amgen Inc., AstraZeneca plc, Bayer AG, Becton Dickinson And Company, C. H. Boehringer Sohn AG & Co. KG, Boston Scientific Corporation, Bristol-Myers Squibb Company, Consort Medical plc, Eli Lilly and Company, Emergent Biosolutions Inc., F. Hoffmann-La Roche AG, GlaxoSmithKline plc, Johnson & Johnson, Kite Pharma Inc., Merck & Co Inc., Nemera France SAS, Nimbus Therapeutics LLC, Novartis AG, Pfizer Inc, Sanofi S. A., SHL Medical AG, Teva Pharmaceuticals Industries Ltd., West Pharmaceutical Services Inc., Aerogen Pharma Limited, AptarGroup Inc., Aquitive Therapeutics Inc., Biocon Ltd., Catalent Inc., Evonik Industries AG, Inovio Pharmaceuticals Inc., Mylan NV, Sanofi SA, Sensile Medical Inc., Unilife Corporation, Ypsomed Holding AG, Zosano Pharma Corp.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the pharmaceutical drug delivery market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmaceutical drug delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharmaceutical Drug Delivery Market Report Structure
3. Pharmaceutical Drug Delivery Market Trends And Strategies
4. Pharmaceutical Drug Delivery Market - Macro Economic Scenario
5. Pharmaceutical Drug Delivery Market Size And Growth
…..
27. Pharmaceutical Drug Delivery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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