The world is consuming sugar at an alarming rate; high consumption of packaged foods is one of the major reasons, 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 the 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.
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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.
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 is Prepared with the Main Agenda to Cover the following 20 points:
1. Injectable Drug Delivery Market Size by Product Categories & Application
2. Injectable Drug Delivery Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Injectable Drug Delivery Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Injectable Drug Delivery Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Injectable Drug Delivery Market Strategic Analysis
18. Injectable Drug Delivery Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Injectable Drug Delivery Market Revenue and Volume Analysis
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