Advanced Parenteral Drug Delivery Devices Market - Upcoming Technologies, Current Trends, Global Industry Analysis And Forecast Up To 2018

Increasing number of new biological products and emergence of new biosimilars is focusing the attention towards the development of advanced drug delivery technologies for delivery of these biological products. Currently, oral and parenteral drug delivery technologies are dominating the global drug delivery market. Despite various technological innovations and discovery of more compelling and effective methods for drug delivery, parenteral method remains most dominant due to its effective results.

Parenteral drug delivery is one of the largest segments of drug delivery markets accounting for about 30% of the total market share. This industry is expected to reach $51 billion by the year 2015 owing to various factors such as introduction of new biologics, uptake of new delivery platforms, and utilization of controlled release systems. Monoclonal antibodies segment is expected to lead the market due to advancements in biotechnology and improved therapies for various disorders like cancer, and other debilitating diseases.

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Polymer encapsulated medicines are also expected to witness an upsurge in demand depending on contributions to improved bioavailability and reduced toxicity of advanced parenteral compounds. Safety engineered prefillable syringes, IV catheters, and vial bag infusion systems are expected to provide best growth opportunities for parenteral infusion products and delivery devices due to wide infection prevention advantages.

Market Segmentation

Based on Applications
• Central Nervous System Agents
• Respiratory Agents
• Hormones & Related Agents
• Gastrointestinal Agents
• Cardiovascular Agents
• Anti-Infective Agents
• Nutritional Agents
• Genito-Urinary Agents

Based on Product
• Prefillable Syringes
• Injectors Cartridges
• Hypodermic Syringes
• IV Catheters
• Other Parenteral Delivery Devices

This research report analyzes this industry based on its market segments and major geographies. Geographies analyzed under this report are
• North America
• Europe
• Asia Pacific
• Rest of the World

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