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Rising Prevalence Of Chronic Diseases Fuels Pharmaceutical Drug Delivery Market Growth Addressing Treatment Challenges: Transformative Forces Shaping the Pharmaceutical Drug Delivery Market Landscape in 2025
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Will the Pharmaceutical Drug Delivery Industry Market Size Be by 2025?
In recent times, there has been a notable expansion in the pharmaceutical drug delivery market. The market, worth $1794.75 billion in 2024, is projected to escalate to $1901.48 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Several factors contribute to this historic growth, including a rise in chronic illness cases, growing interest in biologics, elevated investment in R&D by pharmaceutical corporations, an increasing demand for bespoke medicine, and a heightened emphasis on patient compliance.
What's the Long-Term Growth Forecast for the Pharmaceutical Drug Delivery Market Size Through 2029?
In the coming years, robust expansion is anticipated in the pharmaceutical drug delivery market size, expanding to $2497.33 billion by 2029 at a compound annual growth rate (CAGR) of 7.1%. The surge anticipated during this forecast period can be ascribed to the escalating demand for self-driven drug administration, the surge in home healthcare adoption, increasing demand for specific drug delivery, population aging, and the promoting role of regulatory bodies on drug delivery methods. The major trends to watch for during this period include advancements in drug delivery mechanisms, incorporation of telemedicine, the application of 3D printing in drug delivery, systems for targeted drug delivery, and ongoing manufacturing processes.
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What Are the Key Growth Drivers Fueling the Pharmaceutical Drug Delivery Market Expansion?
The escalating incidence of persistent illnesses is predicted to stimulate the expansion of the pharmaceutical drug delivery market in the future. The term 'prevalence of persistent diseases' refers to the entirety of chronic disease cases present in a population at a given time. Pharmaceutical drug delivery offers a solution to individuals with these diseases by administering medications to a precise part of the body to manage various conditions. For example, the World Health Organization, a specialized agency of the United Nations based in Switzerland, states that noncommunicable diseases are responsible for 41 million deaths each year, which equals to 71% of all global deaths, with the majority being attributed to cardiovascular diseases. Hence, the escalating incidence of chronic illnesses is propelling the growth of the pharmaceutical drug delivery market.
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What Are the Key Trends Driving Pharmaceutical Drug Delivery Market Growth?
Significant firms within the pharmaceutical drug delivery market are leveraging strategic partnerships, designed to uncover fresh transport objectives and encourage molecule distribution, to enhance medicine transportation to the brain. Strategic alliances comprise a process where entities exploit each other's capabilities and resources to actualize mutual advantages and triumphs. For example, in September 2023, Cordance Medical, a manufacturer of medical equipment in the US, joined forces with EXACT Therapeutics to simplify the delivery of drugs to the brain. The partnership merges Cordance Medical's NeuroAccess platform, which has the ability to open the blood-brain barrier (BBB) without surgical intervention, with EXACT Therapeutics' Acoustic Cluster Therapy (ACT) technology. The primary goal of the union is to bolster treatment efficacy for brain diseases such as tumors and neurodegenerative maladies by facilitating the transport of medicines to the brain. EXACT Therapeutics is a clinical-stage biopharmaceutical company founded in the UK.
How Is the Pharmaceutical Drug Delivery Market Segmented?
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 Or Clinics, Other End Users
Subsegments:
1) By Oral: Tablets, Capsules, Liquids, Powders
2) By Ocular: Eye Drops, Ocular Inserts, Ocular Implants
3) By Pulmonary: Metered-Dose Inhalers (MDIs), Dry Powder Inhalers (DPIs), Nebulizers
4) By Nasal: Nasal Sprays, Nasal Gels, Nasal Powders
5) By Injectable: Intravenous (IV) Injections, Intramuscular (IM) Injections, Subcutaneous (SC) Injections, Biologics And Biosimilars
6) By Topical: Creams, Ointments, Gels, Transdermal Patches
7) By Other Routes: Sublingual, Buccal, Rectal, Intranasal
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Which Companies Are Leading the Charge in Pharmaceutical Drug Delivery Market Innovation?
Major companies operating in the pharmaceutical drug delivery market include 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, Novartis AG, Pfizer Inc, Sanofi S. A., SHL Medical AG, Teva Pharmaceuticals Industries Ltd., West Pharmaceutical Services Inc., Aerogen Pharma Limited, AptarGroup Inc., Biocon Ltd., Catalent Inc., Evonik Industries AG, Inovio Pharmaceuticals Inc., Mylan NV, Sensile Medical Inc., Ypsomed Holding AG
Which Regions Are Leading the Global Pharmaceutical Drug Delivery Market in Revenue?
North America was the largest region in the pharmaceutical drug delivery market in 2024. 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
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