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At a CAGR of 9.8%, Injectable Drug Delivery Market Size to Worth USD 1.9 Trillion by 2034 | Transparency Market Research Inc.
Injectable Drug Delivery Market
Injectable Drug Delivery Market (주사제 약물 전달 시장) is expected to grow at a CAGR of 9.8% from 2024 to 2034 and reach US$ 1.9 Trn by the end of 2034
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Overview of Injectable Drug Delivery Market
The global injectable drug delivery market is expanding due to the rising incidence of chronic diseases, advancements in biologics and biosimilars, and technological innovations in drug delivery systems. The market is segmented by type (devices and formulations), device type (conventional injectables, self-injectors, needle-free injectors, others), formulation (conventional drugs, biologics, vaccines, others), end user (hospitals, home care settings, clinics, others), and geographical regions.
Top Companies:
Becton, Dickinson, and Company (BD)
Pfizer, Inc.
Eli Lilly and Company
Baxter International, Inc.
Terumo Corporation
B. Braun Melsungen AG
Ypsomed AG
Gerresheimer AG
SCHOTT Pharma
Hi-Tech Syringes
Recent Developments in Injectable Drug Delivery Market
Recent advancements and trends in the injectable drug delivery market include:
Self-Injectors and Autoinjectors: Increasing development and use of self-injectors and autoinjectors to enhance patient convenience and adherence to treatment regimens.
Needle-Free Injectors: Advancements in needle-free injection technologies providing painless and safer alternatives to traditional needles.
Biodegradable and Sustained-Release Formulations: Development of biodegradable and sustained-release injectable formulations to improve drug efficacy and reduce dosing frequency.
Connected Devices: Integration of connected and smart devices in injectable systems to monitor and optimize treatment adherence and outcomes.
Biologics and Biosimilars: Growth in the development and approval of biologics and biosimilars driving the demand for advanced injectable delivery systems.
Drivers of Market Growth
Several factors contribute to the growth of the injectable drug delivery market:
Prevalence of Chronic Diseases: Rising prevalence of chronic diseases such as diabetes, cancer, and autoimmune disorders increasing the demand for injectable therapies.
Advancements in Biologics: Continuous advancements in biologics and biosimilars enhancing the therapeutic options for various diseases.
Patient Compliance and Convenience: Growing focus on improving patient compliance and convenience through user-friendly injectable devices.
Technological Innovations: Ongoing technological innovations in drug delivery systems enhancing the safety, efficacy, and patient experience of injectable therapies.
Aging Population: Increasing aging population more susceptible to chronic conditions requiring injectable treatments.
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Conclusion
The injectable drug delivery market is poised for significant growth, driven by the rising prevalence of chronic diseases, advancements in biologics, technological innovations, and the demand for improved patient compliance and convenience. Innovations in self-injectors, needle-free injectors, biodegradable formulations, connected devices, and biologics are enhancing the potential and efficacy of injectable drug delivery systems.
Segmentation
Product Type
Devices
Conventional Injection Devices
Self Injection Devices
Others
Formulations
Conventional Drug Delivery Formulations
Novel Drug Delivery Formulations
Long Lasting Injection Formulations
Therapeutic Application
Autoimmune Disease
Hormone Disease
Orphan Disease
Cancer
Cardiovascular Disease
Infectious Disease
Others
Usage Pattern
Curative Care
Immunization
Others
End-user
Hospitals and Clinics
Ambulatory Surgical Centers
Home Care Settings
Others
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