Friday, November 3, 2017
Drug Delivery Technologies Market Share, Size, Analysis & Forecast with Upcoming Trends 2016
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As reported
by Credence Research, Inc. through their latest publication “Global Drug
Delivery Technologies Market - Growth, Share, Opportunities,
Competitive Analysis, and Forecast, 2016 - 2022,” the drug delivery
technologies market was valued at USD 175.95 Bn in 2015, and is expected to
reach USD 284.71 Bn by 2022, expanding at a CAGR of 6.9% from 2016 to 2022.
Market
Insights
Patent
expiry of several major drugs, coupled with the expensive business of
development of new chemical entity has posed as a prime concern for pharmaceutical
manufacturers. Development of new chemical entity is often observed to be a
more expensive affair than development of novel delivery technology. Hence,
several pharmaceutical manufacturers have adopted new drug delivery
technologies for their portfolio as an effective life cycle management
strategy.
Browse
the full report Global Drug Delivery Technologies Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/drug-delivery-technologies-market
The global
drug delivery devices market is studied for mode of administration and
geography segmentations. Oral, pulmonary, transdermal, injectable, nasal,
implantable, and ocular, buccal etc. cumulatively make the drug delivery
technologies market. Among these, oral drug delivery is the largest segment,
followed by pulmonary drug delivery in 2015 at a combined market share of over
65%.
Newer
technologies through products such as or dispersible tablets, transdermal
patches, pen injectors, powder inhalers and buccal tablets are among the most
widely adopted products. Additionally, the demand for drug eluting implants is
also on a continuous rise in the developed markets. Implantable drug delivery devices
find application in diabetes management, contraception, cardiology, pain
management, pain management and others.
Geographically,
North America is the largest regional market for drug delivery technologies. Well-structured
reimbursement policies, large scale adoption of latest technologies, high
prevalence of chronic diseases and high level of awareness among both care
givers and patients are the prime contributors to the growth of North America
drug delivery technologies market. In terms of growth rate, Asia-Pacific and
Latin America are the fastest developing markets for drug delivery
technologies. Fast developing healthcare infrastructure, gradually rising
awareness and improving healthcare expenditure supplement the growth of
emerging markets.
Intense
competition among drug manufacturers to manage product life cycles of
blockbuster drugs, and rising trend of manufacturing outsourcing have made the
drug delivery technologies market fragmented. Merck, 3M Company, Johnson and
Johnson, Becton Diskinson and Company and others are some of the major players
in the global drug delivery technologies market.
By Route
of Administration
- Oral
- Injectable
- Topical
- Ocular
- Nasal
- Pulmonary
- Transmucosal
- Implantable
By
Facility of Use
- Hospitals
- Ambulatory Surgical Centers
- Home Care settings
- Diagnostic Centers
- Other Facilities of Use
Browse
the full report Global Drug Delivery Technologies Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/drug-delivery-technologies-market
Latest Reports:
http://www.credenceresearch.com/report/hybrid-operating-room-market
About:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
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Web: http://www.credenceresearch.com
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
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