The global injectable drug delivery market size is expected to reach USD 81.46 Billion in 2030 and register a revenue CAGR of 8.9% over the forecast period, according to the latest report by Reports and Data. Rising trend of pre-filled syringes coupled with technological advancements is driving injectable drug delivery market revenue growth.
Initially, tablets, pills, or capsules were the only forms of medication. However, drugs are now delivered using more technologically advanced and intelligent systems. These systems are designed to deliver drugs to the targeted area, allowing them to be more localized than would otherwise be possible to reach through the blood stream. Patients who rely on medications on a daily basis prefer advanced injection devices compared to traditional ones. Given this, increasing need for effective and convenient drug delivery systems presents lucrative growth opportunity for manufacturers to develop sophisticated, user-friendly, and effective drug delivery devices.
Rising prevalence of chronic ailments and other life-threatening diseases underlines the need for novel and effective drugs in a variety of therapeutic areas. Injectable drugs' convenience and at-home accessibilities are compelling manufacturers and pharmaceutical companies to develop efficient devices for treatment of a variety of illnesses. In recent years, for example, the use of injectable contraceptives has increased significantly. This is towing to high efficacy and convenience provided by these injectables. These contraceptives do not have to be taken on a daily basis; they can be given once a month or every three months. As a result of this factor, revenue of these injectables is growing rapidly. In addition, timely drug approvals from regulatory bodies such as the Food and Drug Administration (FDA) and Medicines and Healthcare Products Regulatory Agency (MHRA) have expanded the scope for injectable drug delivery. Furthermore, collaborations between pharmaceutical companies and research organizations for drug research and development are expected to drive market growth during the forecast period.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Baxter International, Nova Nordisk A/S, Becton Dickinson, Sanofi, Pfizer, InjexPharma GmbH, Terumo Corporation, Unilife Corporation, Gerresheimer AG, Vetter Pharma-Fertigung GmbH Co. KG., Schott AG, and Eli Lily Company.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Injectable Drug Delivery market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Injectable Drug Delivery industry, the market is segmented into:
Device Type Outlook (Revenue, USD Billion; 2018–2030)
- Conventional Injectables
- Pre-Filled Syringes
- Auto-Injectors
- Pen-Injectors
Product Type Outlook (Revenue, USD Billion; 2018–2030)
- Freeze-dried Products
- Injectable Sterile Products
End-use Outlook (Revenue, USD Billion; 2018–2030)
- Hospitals
- Homecare Settings
- Clinics
- Others
The regional analysis covers:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Benefits of Injectable Drug Delivery Market Report:
- Panoramic overview of the opportunities and risks in the Injectable Drug Delivery sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Injectable Drug Delivery industry
- In-depth assessment of the competitive landscape of the key players of the Injectable Drug Delivery industry
- Analysis of the Injectable Drug Delivery market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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