PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1558157
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1558157
The global pharmaceutical drug delivery market is projected to reach USD 2,546.0 billion by 2029 from USD 1,949.4 billion in 2024 at a CAGR of 5.5% during the forecast period. The rapid growth in the geriatric population globally and the significant rise in the patients with chronic diseases are expected to boost the demand for pharmaceutical drug delivery market. Moreover, gradual rise in utilization of home care and self administration is likely to support the market growth. Advancements in drug delivery technology, new product launches, robust pharmaceutical R&D investments by key companies and government policies, investments in healthcare infrastructure, and initiatives to enhance the accessibility and affordability of drug delivery products is anticipated to fuel the market growth.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million/Billion) |
Segments | By Route of administration, application, facility of use, and region |
Regions covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
"The injectable drug delivery segment of pharmaceutical drug delivery market to grow with the highest CAGR during the forecast period."
Based on the pharmaceutical drug delivery market, the injectable drug delivery segment is anticipated to grow at significant rate during forecast period. Due to increasing prevalence of chronic disease. Injectables are used in many therapeutic areas, such as hormonal disorders, oncology, autoimmune diseases, and orphan diseases. The injectable route is a promising alternative over oral drug delivery.Moreover it also maximize patient compliance, and reduce the frequency of dosage administration .Also, Due to increased preference in self-administration and home care, there has been significant development and advancement in injectables that have helped in minimizing the exposure of needles as well as the pain associated with them.These factors are fostering the growth of injectable drug delivery at higher pace.
"The Cancer segment to capture the largest market share of pharmaceutical drug delivery market."
Based on application the Pharmaceutical drug delivery market are segmented into infectitous diseases, cancer, autoimmune disease, diabetes other disease indications The cancer segment held the largest market share during the forecast period. Cancer forms a key therapeutic application segment for drug delivery technologies. Pharmaceutical drug delivery technologies are widely used in various therapies, such as chemotherapy, hormone therapy, target therapy, and immunotherapy. The incidence of cancer has surged rapidly across the globe. According to the WHO, in 2022, there were an estimated 20 million new cancer cases and 9.7 million deaths. Owing to this, companies are increasingly focusing on developing novel medicines for cancer; this is expected to drive the growth of this therapeutic segment.
"North America accounted for the largest share of the pharmaceutical drug delivery market by region."
The global pharmaceutical drug delivery market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest regional market for pharmaceutical drug delivery products and services , whereas the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period.
The largest share of North America can be attributed to the high disease burden of chronic disease contributing to a larger pool of patients requiring pharmaceutical drug delivery products. The presence of numerous potentialphaemaceutical giants ,surge in medical procedures , and favorable reimbursement policy in the region is likely to promote the growth of pharmaceutical drug delivery market in North America.
The major players operating in the pharmaceutical drug delivery market market are Johnson & Johnson services, inc (US), Novartis AG (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (US),,), Becton, Dickinson and Company (US), GlaxoSmithKline plc (UK), Merck & Co., Inc. (US), Sanofi (France), Bayer AG (Germany), Amgen, Inc. (US).
Research Coverage
This report studies the pharmaceutical drug delivery market based on pharmaceutical drug delivery, route of administration, application, facility of use and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five major regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.