Pune, Feb. 11, 2020 (GLOBE NEWSWIRE) -- The global Injectable Drug Delivery Market size is prophesized to reach USD 1,135.1 billion by 2026, with a CAGR of 12.8% by 2026. This is attributable to the increasing prevalence of chronic diseases worldwide. This information is published in an upcoming report by Fortune Business Insights™ titled,” Injectable Drug Delivery Market Size, Share and Industry Analysis By Device Type (Conventional Injectable, Pre-filled Syringes, Auto-injectors, Pen-injectors, Others), By Application (Autoimmune Disorders, Diabetes, Pain Management, Aesthetic Treatments, Others), By Route of Administration (Subcutaneous, Intravenous, Intramuscular, Others), By End-User (Hospitals, Home Care Settings, Clinics, Others), and Regional Forecast 2019-2026.” According to the report, the market was valued at USD 440.5 billion in 2018. The rising demand for convenient and effective systems for delivering drugs to patients who are completely dependent on medicines daily is a major factor propelling the Injectable Drug Delivery Market growth.
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Objectives of the Report
- A qualitative and quantitative analysis of the Injectable Drug Delivery Market
- Growth drivers, restraints, and challenges of the market
- Detailed segmentation of the market based on factors such as device type, application, route of administration, end-user, and region.
- List of significant players and the strategies adopted by them to gain a competitive edge in the market
- Major Injectable Drug Delivery Market trends and opportunities
- Significant industry developments and interesting insights into the market.
Drivers –
Rise in Awareness among Patients about Minimally Invasive Injectables to Drive Market
As mentioned earlier, the increasing prevalence of chronic diseases worldwide is a major factor driving the market. Additionally, the advent of home healthcare and other convenient modes of health assistance have propelled the demand for medication at home. This further promoted the Injectable Drug Delivery Market growth. This, coupled with the rise in patient awareness about minimally invasive injectables, is expected to boost the market. Moreover, the rise in demand for self-injectable devices aided the expansion of the overall market. Furthermore, the introduction of both user-friendly and cost-friendly systems and their effective features such as on-target delivery are further fostering the growth of the market.
Additionally, the rapidly developing healthcare infrastructure and the advent of novel therapeutic drug delivery systems are prognosticated to create lucrative growth opportunities in the forthcoming years.
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Segment –
Conventional Injectable Segment to hold Dominant Position in Market
Based on device type, the market is categorized into pen-injectors, auto-injectors, pre-filled syringes, conventional injectable, and others. Among these, the conventional injectable segment is holding a majority of the Injectable Drug Delivery Market share. In 2018, this segment held a 34.0% share.
Regional Analysis –
High Rate of Adoption of Injectable Drug Technologies Will Help Dominate Market in North America
From a geographical viewpoint, the global Injectable Drug Delivery Market is widespread into the regions of Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Among these, the market is dominated by North America on account of the high rate of adoption of injectable drug technologies especially among patients suffering from diseases such as cancer, diabetes, and other autoimmune disorders in the region. The American Diabetes Association (ADA) estimates an approximate of 30.3 million Americans to be diagnosed with diabetes in 2018. This, coupled with the presence of major manufacturers in the region, is likely to help attract high Injectable Drug Delivery Market revenue in the future.
Competitive Landscape –
Heavy Investments to Develop Liquid Drugs and Vaccinations for Aesthetic Treatment will Set New Benchmark for Competitors
Injectable drug delivery systems are utilized for aesthetic treatment such as body shaping, skin tightening, and wrinkle treatment among others. The advancement in medical technology has introduced new treatment options to enter the patient’s body through various routes such as intramuscular, intravenous, or subcutaneous. Companies are investing huge sums into research and development of various antibiotics, liquid drugs, and vaccinations to treat aesthetic problems. Such investments will help players gain a competitive edge in the market and attract high revenue to the overall market in the long run.
List of Injectable Drug and Delivery Market Manufacturers are:
- Gerresheimer AG
- West Pharmaceutical Services, Inc.
- Pfizer Inc.
- Insulet Corporation
- BD
- Ypsomed A
- Eli Lily and Company
- Elcam Medical
- SHL Group
- Others
Industry Developments of Injectable Drug Delivery Market Include:
July 2019 – A D-MINE pump was launched by Ever Neuro Pharma GMBH for treating patients with Parkinson’s disease. This device issues continuous subcutaneous drug delivery and is convenient for patient use.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of key diseases - For key countries, 2018
- New product launch
- Overview of technological advancements in injectable drug delivery
- Pricing analysis
- Key Industry Developments - Mergers, Acquisitions, and Partnerships, 2018
- Global Injectable Drug Delivery Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Conventional Injectable
- Pre-filled Syringes
- Auto-injectors
- Pen-injectors
- Others
- Market Analysis, Insights and Forecast – By Application
- Autoimmune Disorders
- Diabetes
- Pain Management
- Aesthetic Treatments
- Others
- Market Analysis, Insights and Forecast – By Route of Administration
- Subcutaneous
- Intravenous
- Intramuscular
- Others
- Market Analysis, Insights and Forecast – By End-User
- Hospitals
- Home Care Settings
- Clinics
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Latin America
- Middle East & Africa
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