Saturday, 23 September 2023 02:14 GMT

Pharma Drug Delivery Market Share, Industry Size, Opportunities, Analysis and Forecast to 2030| By R&I

(MENAFN- Meridian Market Consultants) Reports and Insights freshly added a report titled “Pharma Drug Delivery Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Pharma Drug Delivery Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter's five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.

The global pharma drug delivery market is estimated to reach at a value of US$ 1,422.8 Bn by the end of 2020 and expected to reach at a value of US$ 2,418.4 Bn by 2028 with a significant CAGR of 6.9%

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Pharma Drug Delivery Introduction

A pharmaceutical drug delivery (DDS) is a fabrication or an equipment, which is used for the infusion of a therapeutic matter into the human body. This system operates by administering medications to precisely targeted parts of the body by the help of a means, which can regulate the administration of the therapy by the medium of each of two chemical or physiological prompts.

The drug delivery system is mainly employed to enhance the efficiency and safety of an infused drug by regulating the time, degree, and part of dispensation of drug in the body. Moreover, drug delivery systems are also bifurcated into further two types including conventional drug delivery system and novel drug delivery system.

Conventional drug delivery system involves the most general techniques of drug delivery via various routes of infusion into the body, which including transmucosal drug delivery, oral drug delivery, injectable drug delivery, pulmonary drug delivery, nasal drug delivery, topical drug delivery, implantable drug delivery, ocular drug delivery, among others. Other than that, the novel drug delivery system consists of the controlled release drug and sustained release (SR) drug. Sustained release signifies gradual release of drug and controlled release indicates where the infusing speed of drug release is regulated and kept under control. The novel drug delivery system helps in maintaining the appropriate quantity of drug into the blood and enhances targeted drug dispensation.

Pharma Drug Delivery Market Dynamics

The pharma drug delivery market is projected to majorly boost over the forecast period owing to the expeditiously surging prevalence of chronic and infectious ailments among the masses worldwide. As per the recent study released by the American Society for Microbiology, in 2019, between the range of 1.5 to 4.5 million infections are caused due to Carbapenem-resistant Enterobacteriaceae each year.

This huge statistics results in around 49000 people hospitalized in the United States every year, and severe diseases like diarrhea and pneumonia took millions of lives, specifically children of age 5 and more, globally. Such massive growth of prevalence of infectious diseases among the population is eventually propelling the growth of the global pharma drug delivery market.

With the same token, the rising prevalence of chronic ailments among the population including diabetes and various types of cancer is also supporting the growth of the global pharma drug delivery market.

In addition, there has been constant consideration and attention paid to the healthcare sector worldwide and there have been an invariable efforts to upgrade and improve the healthcare facilities all around the world, which is further playing a positive role in accelerating the growth of the global market of pharmaceutical drug delivery systems.

Furthermore, the governments across the world are also paying continuous support for advancing the healthcare industry as well as for the research and development activities, which is also expected to positively fuel the growth of the global pharmaceutical drug delivery market in the years to come. However, the increase in the number of drug failures or recalls may act as a restraining factor for the growth of the global pharma drug delivery market in the forthcoming years.

Nonetheless, there is a huge growth potential and numerous opportunities for growth in developing economies, which is likely to augment the growth of the global pharma drug delivery market in the upcoming years.

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Pharma Drug Delivery Market Segmentation

The global pharma drug delivery market is segmented on the basis of route of administration, application, facility of use and region.

By Route of Administration

Oral Drug Delivery
Pulmonary Drug Delivery
Injectable Drug Delivery
Ocular Drug Delivery
Nasal Drug Delivery
Topical Drug Delivery
Implantable Drug Delivery
Transmucosal Drug Delivery

By Application

Infectious Diseases
Cardiovascular Diseases
Respiratory Diseases
Central Nervous System Disorders
Autoimmune Diseases

By Facility of Use

Home Care Settings
Diagnostic Centers

By Region

North America
Latin America
Asia Pacific
Middle East

Pharma Drug Delivery Market Key Players

The global pharma drug delivery market is dominated by Johnson & Johnson, Inc., F. Hoffman-La Roche, Merck & Co., Inc., Bayer AG, Pfizer, Inc., Novartis AG, 3M Company, Becton, Dickinson and Company, GlaxoSmithKline plc,, Sanofi, and Antares Pharma, Inc., among others

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