Press release
Injectable Drug Delivery Devices Market - Classification of Industry & Forecast 2018 - 2023
The Injectable Drug Delivery Devices Market was estimated at $ 350.2 billion in 2016.
The injectable drug delivery devices are used to deliver the medication into the blood stream. The injectable drug delivery devices market is estimated to grow at a CAGR of 11.8% owning to increasing prevalence of cancer and diabetes. According to WHO, The number of people with diabetes had risen to 422 million in 2014 , 14.1 million cancer cases was registered around the world in 2012 and this is expected to increase up to 24 million by 2035. Increasing prevalence of other chronic diseases, technological advances and many advantages of the injectable drug delivery method has uplifted the growth of the market. However, availability of alternative delivery devices and high risk of blood-borne infections have restrained the growth of the market.
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Segmentation:
Global injectable drug delivery devices market is segmented on the basis of type into devices and formulation. Devices are further segmented into self- injection devices and conventional injection devices. By formulation, they are sub segmented into conventional drug delivery, novel drug delivery and others. On the basis of application, the market is segmented into immune disorder, cancer, diabetes, and other. And on the basis of end users the market is segmented into hospitals, homecare, clinics, and other.
Competitive Analysis
The major key player for the global injectable drug delivery devices market are Becton, Dickinson and Company (US), Baxter International (US), Schott AG (Germany), Eli Lilly and Company (US), Pfizer (US), Gerresheimer AG (Germany), Terumo Corporation (Japan), Antares Pharma, Inc. (US), Novo Nordik (Denmark), Sanofi SA (France), Unilife Corporation (US), Zogenix, Inc (US), Hospira, Inc (US), Presage Bioscience (US), MicroCHIPS, Inc (US), Pearl Therapeutics Inc (US), Genentech Inc. (US), Bend Research (US)
Global injectable drug delivery devices market is saturated by the presence of a number of small and medium sized companies. Some of them are focusing on the development of new products for the treatment, while some of leading companies in this market are collaborating with local companies in order to minimize the competition and increase the product range
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Becton, Dickinson and Company is an America multination company headquartered in New Jersey. 60% of company sales were generated from non-U.S. markets. As company is trying to develop their market in other countries. Company has launched a number of products like insulin pen and other injectable needles. HyFlow is the self-injection with thin wall needle used in the delivery of highly viscous drug formulations. Physioject, Libertas, Intevia are some of the auto injector manufactured by the company. There is 4% grow in the company’s market in 2016.
Eli Lilly and Company is an US headquartered. Company is focusing on development of new innovation center with a focus on drug delivery devices. It is expected to double its revenues from device-enabled products by 2020.
Brief TOC
Introduction
Research Methodology
Market Dynamics
Market Factor Analysis
Global Injectable Drug Delivery Devices, By Route Of Administration
Global Injectable Drug Delivery Devices, By Devices
Global Injectable Drug Delivery Devices, By Utility
Global Injectable Drug Delivery Devices, By End Users
Global Injectable Drug Delivery Devices, By Region
Competitive Landscape
Company Profile
Conclusion
Appendix
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