Global Injectable Drug Delivery Devices Market
Medical Equipment

Global Injectable Drug Delivery Devices Market 2022 – Market Opportunities And Strategies

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The injectable drug delivery devices market is expected to grow from $36.51 billion in 2021 to $53.92 billion in 2026 at a rate of 8.1%. The global injectable drug delivery devices market size is then expected to grow at a CAGR of 6.1% from 2026 and reach $72.57 billion in 2031.

 

The injectable drug delivery devices market consists of sales of injectable drug delivery devices and related products such as conventional syringes, needle-free injectors, auto injectors and pen injectors by entities (organizations, sole traders, and partnerships).

 

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Injectable Drug Delivery Devices Market Driver
A growing number of people with chronic conditions such as cancer, AIDS, diabetes, and thalassemia are projected to propel the demand for the injectable drug delivery devices market in the coming years. Chronic illnesses and disorders are on the rise around the world, an aging population and shifts in social behavior has led to a gradual increase of these widespread and expensive long-term medical issues. As drug delivery devices aid in drug delivery, the growing number of cancers, respiratory disease, and diabetic patients, cardiovascular disease patients worldwide will encourage the adoption of these devices and drive the overall sector.

 

Injectable Drug Delivery Devices Market Trends
Microneedle-based injectable drug delivery systems are increasingly gaining traction because it is a highly efficient and versatile medical device technology, due to their distinguishing properties that include increase transdermal delivery, painless penetration, low cost, and relative safety. The microneedles are created using biodegradable polymers in which vaccines or drugs are encapsulated in the microneedles. The drug gets released once the microneedles dissolve in the skin. This delivery method helps a wider variety of molecules to pass the skin’s barrier, thus allowing the transdermal delivery to be applied to a large range of clinical applications including, severe osteoporosis, diabetes, and influenza vaccination. This is a smart approach and increases the potential for a transdermal drug delivery system.

 

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Opportunities And Recommendations For The Injectable Drug Delivery Devices Market

Opportunities – The top growth potential in the injectable drug delivery devices market by type will arise in the injectors market. The top growth potential in the syringes drug delivery devices market by type will arise in the conventional injectable devices market. The top growth potential in the injectors drug delivery devices market by type will arise in the auto-injectors market. The top growth potential in the pumps drug delivery devices market by type will arise in the insulin pumps market. The top growth potential in the injectable drug delivery devices market by application will arise in the other applications market. The top growth potential in the injectable drug delivery devices market by end user will arise in hospitals and clinics market. The injectable drug delivery devices market size will gain the most in the USA.

RecommendationsThe Business Research Company recommends the injectable drug delivery devices market companies to focus on microneedle technology for drug delivery, focus on self-injectable drug delivery devices, focus on wearable drug delivery devices, expand in emerging markets, leverage online pharmacies, expand in countries offering research incentives, offer competitive pricing, offer value-based pricing, participate in trade shows and events, leverage social media to maximize reach, target elderly population and target hospitals and pharmacies to spread awareness.

 

Major Players And Regions Of The Injectable Drug Delivery Devices Market
Major players in the injectable drug delivery devices market are Becton, Dickinson and Company, Baxter International, Gerresheimer AG, B. Braun Melsungen AG, and Catalent, Inc.

 

North America was the largest region in the injectable drug delivery devices market and South America and Africa is expected to be the fastest-growing region in the forecast period.

 

The Injectable Drug Delivery Devices Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the injectable drug delivery devices market.

 

Injectable Drug Delivery Devices Market Segmentation By The Business Research Company

1) By Type: Syringes, Injectors, Pumps

2) By Application: Autoimmune Diseases, Hormonal Disorders, Oncology, Orphan Diseases, Pain Management, Respiratory Therapy, Other Applications

3) By End-User: Hospitals And Clinics, Home Healthcare Settings, Pharmaceutical And Biotechnological Companies, Research Laboratories, Other End Users.

 

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