Portland, April 06, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the Pharmaceutical Drug Delivery Market accounted for $1200 billion in 2018, and is anticipated to hit $1733 billion by 2026, registering a CAGR of 4.7% from 2019 to 2026. The report offers a detailed analysis of drivers & opportunities, market size & estimations, top winning strategies, key segments, and competitive scenario.
Increase in prevalence of chronic disorder which require the use of drug delivery systems, surge in healthcare expenditure worldwide, and rise in number of developments made by key players in drug delivery system market boosted the growth of the pharmaceutical drug delivery market. However, rise in number of drug recalls and drug failures hampers the market growth. On the contrary, high growth potential in developing economies is expected to create lucrative opportunities in the near future.
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The global pharmaceutical drug delivery market is segmented on the basis of route of administration, application, and region. Based on route of administration, it is segmented into oral drug delivery, pulmonary drug delivery, injectable drug delivery, nasal drug delivery, ocular drug delivery, topical drug delivery, and others. The oral drug delivery system held the highest market share in 2018, accounting for more than one-third of the total market share. In addition, the same segment is anticipated to grow at a fastest CAGR of 4.7% from 2019 to 2026.
Based on application, the market is fragmented into cancer, diabetes, respiratory diseases, cardiovascular diseases, and others. The cancer segment dominated the market, contributing to 12% of the total market share in 2018. Furthermore, the same segment is expected to portray the fastest CAGR of 4.3% in between 2019 to 2026.
The global pharmaceutical drug delivery market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is expected to portray the highest CAGR of 6.1% during the study period. However, the market across North America dominated in 2016, contributing to more than two-fifth of the total market share.
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The global pharmaceutical drug delivery market report includes an in-depth analysis of the major market players such as Becton, Dickinson And Company, Bayer AG, F. Hoffmann-La Roche AG, GlaxoSmithKline Plc, Merck & Co., Inc., Novartis AG, 3M Company, Pfizer Inc., Sanofi, and Johnson & Johnson.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.