The world is consuming sugar at an alarming rate; high consumption of packaged foods is one of the major reason, which in turn affecting the insulin level in common citizens. Diabetic patients are rising globally that increase the usage of insulin pens for injecting insulin inside the body; a major driver for the growth of global injectable drug delivery market, according to a market intelligence report published by IndustryARC. According to the analyst of the report, the injectable drug delivery market is expected to increase with a CAGR of 16.1% during the forecast period of 2019-2025. By 2025, the market has been evaluated to reach a remarkable size of $49.76 billion.
The report is titled ‘Injectable Drug Delivery Market: By delivery devices (conventional, self-injection, auto-drug, pen injectors, others); By drug formulations (conventional, novel); By therapeutic areas (auto-immune, hormonal, oncology, others); By geography – Forecast (2019-2025).’ This report has been prepared meticulously by the healthcare analyst who has used statistical information in explaining how the market will experience growth in the upcoming years.
Injectable Drug Delivery Market: Regional Analysis
The global injectable drug delivery market is dominated by the hospitals, clinics, and patient population in North America with a regional share of 40%. The growth is due to consistent efforts from Centre for Disease Control and Prevention to increase medication frequency and delivery success pertaining to chronic illnesses such as heart diseases, cancer, strokes, and others. Another factor responsible for dominated regional share is the development of micro-needles, a solution for needle-phobic population. Some prominent institutes such as Columbia Technology Ventures, National Institute of Health, and NorthShore University Health System Research Institute have also contributed with their extensive research and development.
Injectable Drug Delivery Market: Recent Developments
· Self Injection Devices
For ease of access, key market players have disrupted the market with self-injection devices. These devices can be used by patients on their own for injecting medication into their bodies. This helps in reducing the extra cost of healthcare services.
· Auto Drug Injecting Devices
Auto injector is a new healthcare technology that is used to give a single fixed dose of drugs. These devices have been especially manufactured for the treatment of diseases such as multiple sclerosis and rheumatoid arthritis which require frequent injections.
· Pen Injectors
This is another new technology in this market which is a multi-dose device in contrast to auto drug injecting devices. These have been prescribed by doctors around the world to the geriatric population for taking medication at home for chronic diseases.
Injectable Drug Delivery Market: Competitive Landscape
This market has witnessed immense growth in the past decade due to research and development efforts by its key market players. These key companies are Alkermes, Inc., Antares Pharma, Inc., Baxter International, Inc., Becton, Dickinson And Company, Bespak Europe, Ltd., Crossject SA, Elcam Medical, Eli Lilly and Company, Gerresheimer AG, Haselmeier GmbH, Injex Pharma GmbH, Novo Nordisk A/S, Owen Mumford Ltd., Sanofi, Schott AG, SHL Group, Terumo Corporation, Unilife Corporation, Vetter Pharma-Fertigung GmbH, West Pharmaceutical Services Inc., YPSOMED Holding AG, and Zogenix Inc.
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What can you expect from the report?
The Injectable Drug Delivery Market report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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