2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Drivers Are Shaping the Growth and Development of theDrug Delivery Devices Market?

The escalating occurrence of chronic illnesses such as heart diseases, diabetes, cancer, and other ailments is projected to propel the drug delivery devices market. For example, the National Library of Medicine, a medical library run by the US federal government, predicted in January 2023 that the population aged 50 and above in the United States with at least one chronic disease would see an increase by 99.5%. The prediction suggests a jump from 71.522 million in 2020 to 142.66 million by 2050. There are many ways to administer medical drugs, and the creation of advanced drug delivery systems is crucial to the pharmaceutical sector. As these diseases become more widespread, there is a worldwide increase in research and development (R&D) focused on drug delivery. The majority of pharma companies are putting their efforts into several drug delivery technologies to achieve superior benefits and improved results for their products on the market. Consequently, the escalating prevalence of chronic illnesses is leading to higher usage of therapeutic drugs and treatments, a factor that is anticipated to be a key driver for the expansion of the drug delivery devices market.

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#What Growth Opportunities Will Drive the Drug Delivery Devices Market’s CAGR Through 2034?

The market for drug delivery devices has seen robust growth in the past few years. The market will expand from $91.03 billion in 2024 to approximately $96.73 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. This historical growth trend can be attributed to several factors, such as the rapid increase in the elderly population, the rising number of healthcare institutions, economic development in emerging markets, and increased spending on healthcare.

Expectations are high for the drug delivery devices market to experience significant growth in the coming years. By 2029, it is projected to reach a market size of $124.82 billion, with a compound annual growth rate (CAGR) of 6.6%. The projected growth in this period is primarily due to an increased prevalence of chronic illnesses, rising demand for injectables, increased requirement for drug delivery devices, and the sudden surfacing of severe infections. Forecasted trends for this period include investments in microneedle drug technology for medication delivery, concerted research, and development efforts for self-injectable drug delivery systems, a focus on mergers and acquisitions, and investments in wearable drug delivery devices.

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Which Cutting-Edge Market Trends Are Expected to Drive the Drug Delivery Devices Market’s Growth?

Top firms in the drug delivery device market are concentrating on the creation of groundbreaking devices such as autoinjectors integrated with complete connectivity to achieve a competitive advantage. Autoinjectors are healthcare devices intended for self-administration of a preset drug dose. For instance, Jabil Healthcare, an American healthcare manufacturing solutions company, introduced the Qfinity autoinjector platform in May 2022. This reusable drug delivery device is a simple, reusable, and modular approach to self-administer subcutaneous medication, presenting a financial savvy alternative to rival products and supporting sustainable drug delivery in the pharmaceutical sector. Its adaptable design caters to different drug amounts and thickness, and it features a patient-friendly design that offers up to 65% less cost per injection than popular disposable autoinjectors. The robust Qfinity device is good for over 100 injections and employs 1 mL or 2.25 mL pre-filled expendable cassettes. Additionally, the diminished component and material usage leads to an estimated 65% decrease in cost per injection, a 60% reduction in carbon footprint, a 50% decrease in manufacturing footprint, and a 70% fall in capital expenditure (CAPEX).

What Are the Leading Market Players Impacting theDrug Delivery Devices Market’s Growth Trend?

Major companies operating in the drug delivery devices market include Becton, Dickinson and Company, Baxter International, B. Braun Melsungen AG, Catalent, 3M Company, West Pharmaceutical Services, Inc., Gerresheimer AG, Smiths Medical, Boehringer Ingelheim, SMC Ltd., Elcam Medical, Eli Lilly and Company, Injex, Novartis AG, Novo Nordisk A/S, Pfizer Inc, Sanofi Sa, Schott AG, Terumo Corporation, Teva Pharmaceuticals, Ypsomed Holding AG, F. Hoffmann-La Roche AG, GlaxoSmithKline, AstraZeneca, Congenica Ltd., UCB, Alkermes, Aptalis Pharma, Inc., Johnson & Johnson, Nektar Therapeutics, SkyePharma PLC, Pharmasyntez, NEARMEDIC PLUS LLC, Copernicus, Medtronic, Philips, Siemens, Stryker, GE Healthcare, Teleflex Medical, Gilero, Kedalion Therapeutics, MediPrint Ophthalmics, Nemera, Pendant Biosciences, Battelle Medical Devices, Merck & Co. Inc., Antares Pharma, Abbot, Allergan, Bilim Pharmaceuticals, H&T Presspart, Hovione Technology, Sorrel Medical, Syqe Medical, Julphar, ResMed Inc, Covidien plc

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How Are the Key Segments of the Drug Delivery Devices Market Driving Opportunities and Innovations?

The drug delivery devices market covered in this report is segmented –

1) By Route Of Administration: Oral Drug Delivery, Injectable Drug Delivery, Topical Drug Delivery, Ocular Drug Delivery, Pulmonary Drug Delivery, Nasal Drug Delivery, Transmucosal Drug Delivery, Implantable Drug Delivery

2) By Patient Care Setting: Hospitals, Diagnostic Centers, Ambulatory Surgery Centers/Clinics, Home Care Settings, Other Patient Care Settings

3) By Application: Cancer, Infectious Diseases, Respiratory Diseases, Diabetes, Cardiovascular Diseases, Autoimmune Diseases, Central Nervous System Disorders, Other Applications

Subsegments:

1) By Oral Drug Delivery: Tablets and Capsules, Oral Sprays, Oral Liquids, Oral Disintegrating Tablets

2) By Injectable Drug Delivery: Syringes (manual and auto-disable), Vials and Cartridges, Pen Injectors, Infusion Pumps

3) By Topical Drug Delivery: Creams and Ointments, Transdermal Patches, Gels and Lotions, Powders

4) By Ocular Drug Delivery: Eye Drops, Ocular Inserts, Contact Lens Drug Delivery Systems

5) By Pulmonary Drug Delivery: Metered-Dose Inhalers (MDIs), Dry Powder Inhalers (DPIs), Nebulizers

6) By Nasal Drug Delivery: Nasal Sprays, Nasal Powders, Nasal Drops

7) By Transmucosal Drug Delivery: Buccal Tablets, Sublingual Tablets, Mucoadhesive Films

8) By Implantable Drug Delivery: Drug-Implantable Devices, Biodegradable Implants, Reservoir-based Implants

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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theDrug Delivery Devices Market?# Market Expansion?

North America was the largest region in the drug delivery devices market in 2024. Asia-Pacific was the second-largest region in the global drug delivery devices market. The regions covered in the drug delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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