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Advanced Parenteral Drug Delivery Devices Market show exponential growth by 2018
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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
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