Understanding the Buccal Drug Delivery System Market’s Growth Prospects from 2024 to 2033
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2024-2033 Forecast: What is the Projected Growth Rate for the Buccal Drug Delivery System Market?
The buccal drug delivery system market is expanding rapidly, projected to grow from $3.28 billion in 2023 to $3.64 billion in 2024 at a CAGR of 11.0%, driven by early innovations in drug delivery, industry adoption, clinical studies, disease-specific applications, and market penetration strategies.
The buccal drug delivery system market is expected to grow to $5.43 billion by 2028, at a CAGR of 10.5%. Growth is attributed to patient-centric drug delivery, an aging population, demand for targeted therapies, biologics, and regulatory support. Key trends include patient convenience, advancements in drug formulations, a rise in chronic diseases, pediatric and geriatric care, and enhanced bioavailability.
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What Are the Main Drivers Behind the Growth of the buccal drug delivery system Market?
The buccal drug delivery systems market is poised for growth due to the rising prevalence of chronic diseases worldwide. Chronic diseases like cancer, heart disease, stroke, diabetes, and arthritis necessitate continuous medical care and management. Buccal drug delivery systems offer an effective means of administering drugs to patients suffering from such conditions. Data from the World Health Organization highlights the significant global burden of non-communicable diseases, with millions of deaths attributed to chronic illnesses annually. This prevalence of chronic diseases underscores the importance of buccal drug delivery systems, with the market valued at $6.2 billion in 2023 and projected to reach $10.8 billion by 2028.
What Are the Primary Segments of the Buccal Drug Delivery System Market?
1) By Type: Sublingual, Buccal Tablets and Lozenges, Oral Sprays
2) By Application: Pain Management, Smoking Cesstion, Angina Pectoris
3) By End-User: Hospitals, Ambulatory Centers, Other End-Users
Which Trends Are Revolutionizing the 128 Market?
Investments in injectable drug delivery systems are becoming increasingly prominent in the buccal drug delivery systems market, as major pharmaceutical companies seek to reinforce their market positions. For instance, in September 2021, Novartis, a Switzerland-based pharmaceutical company, invested approximately $40 million in Credence MedSystems, a US-based developer of innovative drug delivery systems. This investment aims to bolster the production of injectable drug delivery systems, reflecting the growing importance of advanced delivery technologies in the pharmaceutical industry.
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Which Geographical Regions Are Pioneering Growth in the Buccal Drug Delivery System Market?
North America was the largest region in the buccal drug delivery systems market share in 2023. The regions covered in the buccal drug delivery system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Buccal Drug Delivery System Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the buccal drug delivery system market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Buccal Drug Delivery System Market Include
1. Buccal Drug Delivery System Market Executive Summary
2. Buccal Drug Delivery System Market Segments
3. Buccal Drug Delivery System Market Size And Template Market Growth Rate
4. Key Buccal Drug Delivery System Market Trends
5. Major Buccal Drug Delivery System Market Drivers
……
25. Key Mergers And Acquisitions In The Buccal Drug Delivery System Market
26. Top Buccal Drug Delivery System Companies
27. Buccal Drug Delivery System Market Opportunities And Strategies
28. Buccal Drug Delivery System Market, Conclusions And Recommendations
29. Appendix
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