Advanced drug delivery systems (ADDS) refer to innovative and sophisticated techniques or technologies designed to enhance the delivery of therapeutic agents (drugs) to specific target sites in the body. ADDS encompass a broad range of approaches, including formulations, carriers and strategies that aim to improve the efficacy, safety and patient compliance of drug delivery.
The advanced drug delivery systems market consists of sales, by entities (organizations, partnerships and sole proprietors), of advanced drug delivery systems that include technologies and methodologies to deliver drugs to specific parts of the body in a controlled manner.
The global advanced drug delivery systems market was valued at $192,214.2 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 6.0%.
Growing Use Of Telemedicine Services
The growing use of telemedicine services supported the growth of the advanced drug delivery systems market during the historic period. Telemedicine is a type of healthcare that involves the use of technology, namely telecommunication equipment and digital platforms, to provide healthcare advice, evaluation, therapy and follow-up to patients remotely. Incorporating drug delivery systems with telemedicine facilitates simple and efficient healthcare delivery, assuring patients receive appropriate drugs, support and advice, even if they are geographically separated from healthcare practitioners or facilities. According to the Australian Digital Health Agency, an Australia-based government organization in charge of digital prescriptions, medical referral networks and My Health Record, 118.2 million telehealth therapy services were offered to 18 million people between March 2020 and July 2022, and more than 95,000 practitioners employ telehealth services. Therefore, the growing use of telemedicine services supported the growth of the advanced drug delivery systems market.
Introducing Preclinical Drug Development With Advanced Drug Delivery Technology
Companies are introducing preclinical drug development with advanced drug delivery technology (EUDRACAP) to accelerate innovation, unlock value and improve quality in the preclinical development stage. This is used to enhance preclinical drug development by offering functional, ready-to-fill oral capsules. These capsules simplify the drug development process, reduce time and variables and safeguard the active ingredient to optimize absorption rates and prevent premature degradation. For example, in October 2023, Evonik, a German-based specialty chemicals company, launched an advanced drug delivery system, called EUDRACAP preclinic enteric, a functional oral capsule designed for use in preclinical trials. This capsule is a very small, 9-h (5.1 mm) technical-grade capsule, suitable for passing through the gastrointestinal tract of preclinical subjects. The capsule simplifies drug development by reducing time, cost and variables and leverages EUDRAGIT(R) functional coatings for optimized release profiles, while offering custom options for specific active pharmaceutical ingredient (API), formulation and brand requirements and a seamless transition from preclinical to clinical and commercial stages, with support for custom capsule coatings, formulation development and current good manufacturing practice (cGMP) scale-up.
The global advanced drug delivery systems market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 2.91% of the total market in 2022.
Advanced Drug Delivery Systems Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global advanced drug delivery systems market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for advanced drug delivery systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The advanced drug delivery systems market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider advanced drug delivery systems market; and compares it with other markets.
The report covers the following chapters:
- Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by carrier type, by technology, by application and by end user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the advanced drug delivery systems market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by carrier type, by technology, by application and by end user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size And Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - This section includes recommendations for advanced drug delivery systems providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- 1) By Type: Oral Drug Delivery System; Injection-Based Drug Delivery System; Inhalation/Pulmonary Drug Delivery System; Transdermal Drug Delivery System; Transmucosal Drug Delivery System; Carrier-Based Drug Delivery System And Other Types
- 2) By Carrier Type: Liposomes; Nanoparticles; Microspheres; Monoclonal Antibodies; Other Carrier Types
- 3) By Technology: Prodrug; Implants And Intrauterine Devices; Targeted Drug Delivery; Polymeric Drug Delivery; Other Technologies
- 4) By Application: Oncology; Anti-Infective; Central Nervous System; Respiratory Diseases; Cardiovascular Diseases; Musculoskeletal Disorders; Metabolic Disorders; Other Applications
- 5) 4) By End User: Hospitals; Specialized Clinics; Other End Users
- Companies Mentioned: Johnson & Johnson, Inc; Baxter; Becton, Dickinson And Company; Medtronic Plc; Pacira Biosciences, Inc
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; advanced drug delivery systems indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.