Jersey City, NJ, Nov. 23, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Advanced Drug Delivery CDMO Market- (By Services (Development and Manufacturing Services, Analytical Services, Assembly, Labelling and Packaging, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Advanced Drug Delivery CDMO Market is expected witness a CAGR of 4.91% during a forecast period of 2023-2031.
Advanced drug delivery systems are increasingly being used for the targeted and controlled release of new compounds in tissues and cells in order to maximize their potential advantages for patients. CDMOs that specialize in advanced drug delivery systems work on developing medications in novel ways. This includes nanoformulations, liposomes, microparticles, nanoparticles, and other technologies meant to improve drug solubility, stability, and targeted delivery.
The growth of biological medications, gene treatments, and other complex compounds necessitates the use of specialized drug delivery systems to ensure their stability and targeted distribution. CDMOs with knowledge in this field are in high demand. Continuous developments in materials science, nanotechnology, and drug delivery methods drive industry innovation. The advancement of biologics, gene treatments, and other complicated compounds needs the development of specialized drug delivery systems. CDMOs who are knowledgeable about these chemicals are in high demand.
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Recent Developments:
- In July 2023, SHL Medical said it had bought LCA Automation AG, a Swiss company that makes innovative automation solutions. The purchase was SHL Medical's answer to the growing need for drug delivery options in the market. It also helped its manufacturing operations around the world, especially the new factory that will open in Zug, Switzerland.
- In March 2023, Evonik has solidified its prominent position in drug delivery for RNA treatments by initiating the construction process for a new pharmaceutical lipids plant in the United States. The newly established facility was anticipated to ensure the industry's uninterrupted availability of essential excipients required for mRNA vaccines and other nucleic acid therapeutics. The commencement of plant operations was planned for the year 2025.
List of Prominent Players in the Advanced Drug Delivery CDMO Market:
- Evonik Health Care
- SHL Medical
- Lubrizol Life Science
- Acino International AG
- Pharmathen
- Phillips-Medisize (A Molex Company)
- Others
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Advanced Drug Delivery CDMO Market Report Scope:
| Report Attribute | Specifications |
| Growth Rate CAGR | CAGR of 4.91% from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Services |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
Market Dynamics:
Drivers:
The global burden of chronic diseases is expanding at an alarming rate, owing to increased population, increased adoption of Westernized lifestyles, and increased economic development. The rising occurence of chronic diseases, and the growing elderly population, are motivating pharmaceutical businesses to develop effective pharmaceutical solutions to expedite treatment. Furthermore, CDMOs' capacity to simplify the pharma supply chain and the adoption of the one-stop-shop concept to bring effective drug items to market is expected to drive CDMO market expansion during the projection period. Furthermore, increased infrastructure investments and the ability of CDMOs to provide completely integrated services through novel technologies are expected to accelerate the growth of the contract development & manufacturing organizations industry.
Challenges:
The presence of stringent government regulations, as well as a decrease in the approvals of many small molecules and biologics in developed countries, are the primary factors that are expected to impede CDMO market growth over the forecast period. Furthermore, small-scale CDMOs lacking cutting-edge equipment are anticipated to experience increased process errors, poor quality, and pricing issues, all of which are expected to stymie industry expansion. Moreover, the lack of standardized testing procedures and characterization techniques for innovative medication delivery systems is likely to pose a challenge for the industry's growth.
Regional Trends:
The North America Advanced Drug Delivery CDMO Market is expected to register a major market share in terms of revenue and it is projected to grow at a high CAGR in the near future. Several key factors drive demand for advanced drug delivery solutions and services in the regional Advanced Drug Delivery CDMO market. Chronic diseases like cancer, diabetes, and cardiovascular disease are becoming more common in North America. Advanced drug delivery systems are critical for enhancing the efficacy and patient compliance of these treatments. This is projected to drive product demand in the next years. Demand for CDMO services is driven by the region's strong pharmaceutical research and development (R&D) expenditure.
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Segmentation of Advanced Drug Delivery CDMO Market-
By Services-
- Development and Manufacturing Services
- Analytical Services
- Assembly, Labelling and Packaging
- Others
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
About Us:
InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.
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