Press release
Global Drug And Gene Delivery Devices Market Projected to Surpass $0.9 Billion by 2029 with 8.7% Annual Growth
Drug And Gene Delivery Devices
The increasing adoption of gene therapy is expected to propel the growth of the drug and gene delivery devices market. Gene therapy, which involves modifying genetic material to treat or prevent diseases, is seeing a surge in demand due to its potential to offer transformative treatments for genetic disorders and chronic diseases. The effectiveness of gene therapy relies heavily on specialized drug and gene delivery devices that enable precise targeting and controlled release of therapeutic genes. The National Centre for Biotechnology Information projected that the number of patients treated with gene therapies will grow significantly from 16,244 in 2020 to 94,696 by 2025, thereby driving the demand for delivery devices and advancing the market for these technologies.
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What is the future CAGR of the drug and gene delivery devices market, and how will it impact industry expansion?
The drug and gene delivery devices market has seen strong growth in recent years. It is expected to rise from $0.61 billion in 2024 to $0.67 billion in 2025, at a CAGR of 9.0%. The key factors behind historical growth include advancements in healthcare infrastructure, expansion of personalized gene therapy initiatives, a growing focus on preventive healthcare, increased attention to rare and orphan diseases, and greater public awareness about health and treatment options.
The drug and gene delivery devices market is projected to grow significantly, reaching $0.93 billion by 2029 at a CAGR of 8.7%. Factors fueling this growth include the rising prevalence of chronic diseases, increasing demand for personalized medicine, greater awareness and adoption of gene therapy, preference for non-invasive and minimally invasive treatments, and the growing popularity of direct-to-patient delivery models. Notable trends include advancements in biotechnology and genetic engineering, improved drug delivery systems, increased investment in R&D, the development of novel delivery platforms, and enhanced diagnostic technologies.
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What are the most significant trends transforming the drug and gene delivery devices market today?
In the drug and gene delivery devices market, companies are integrating artificial intelligence (AI) to improve the precision and efficiency of drug delivery systems. For instance, in December 2023, Envoya Inc. launched a gene therapy drug delivery platform combining biopolymer-nanoparticles with AI, addressing the limitations of existing gene delivery technologies and improving tissue targeting and payload capacity.
Which key market segments comprise the drug and gene delivery devices market and drive its revenue growth?
The drug and gene delivery devicesmarket covered in this report is segmented -
1) By Vector: Viral, Non-viral
2) By Method: In Situ, Ex Vivo
3) By Route Of Administration: Oral, Inhalation, Transdermal, Injectable, Ocular, Nasal, Topical
Subsegments:
1) By Viral: Adenovirus Vectors, Lentivirus Vectors, Adeno-Associated Virus (AAV) Vectors, Herpes Simplex Virus (HSV) Vectors, Retrovirus Vectors, Baculovirus Vectors, Vaccinia Virus Vectors, Sendai Virus Vectors
2) By Non-Viral: Lipid Nanoparticles (LNP), Polymeric Nanoparticles, Liposomes, Dendrimers, Naked DNA/RNA Delivery, Electroporation-Based Delivery Systems, Nanoparticle-Based Delivery Systems, Polymer Micelles And Hydrogels.
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What regions are at the forefront of drug and gene delivery devices market expansion?
North America was the largest region in the drug and gene delivery devices market in 2024. The regions covered in the drug and gene delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the drug and gene delivery devices market?
Major companies operating in the drug and gene delivery devices market are Merck & Co. Inc., AbbVie Inc., Bayer AG, AstraZeneca plc, Medtronic plc, Amgen Inc., Moderna Inc., Biogen Inc., Sarepta Therapeutics Inc., SCIEX, Halozyme Therapeutics Inc., ViiV Healthcare Limited, Uniqure NV, Cytokinetics Inc., Prothena Corporation plc, Intellia Therapeutics Inc., Voyager Therapeutics Inc., sfm medical devices GmbH, Inovio Pharmaceuticals Inc., GenSight Biologics S.A., CRISPR Therapeutics
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What Is Covered In The Drug And Gene Delivery Devices Global Market Report?
•Market Size Forecast: Examine the drug and gene delivery devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the drug and gene delivery devices market for a structured understanding.
•Key Players Overview: Analyze major players in the drug and gene delivery devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the drug and gene delivery devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the drug and gene delivery devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the drug and gene delivery devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the drug and gene delivery devices market.
•Competitive Landscape: Review strategic developments in the drug and gene delivery devices market, including expansions, agreements, and new product launches.
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