2024 Drug And Gene Delivery Devices Market Summary: 5 Key Findings
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What Growth Projections are in Place for the Drug And Gene Delivery Devices Market Between 2024-2033?
The drug and gene delivery devices market has seen consistent growth, increasing from $0.56 billion in 2023 to $0.61 billion in 2024 at a CAGR of 8.7%. Key factors include healthcare infrastructure development, advancements in personalized gene therapy, focus on preventive healthcare, awareness of rare diseases, and improved health literacy.
The drug and gene delivery devices market is projected to see strong growth, reaching $0.86 billion by 2028 at a CAGR of 8.8%. The growth is driven by the rising incidence of chronic diseases, increasing demand for personalized medicine, greater awareness and adoption of gene therapy, a preference for non-invasive procedures, and the rise of direct-to-patient delivery models. Trends include advancements in biotechnology, innovations in drug delivery systems, higher investment in research and development, the emergence of novel delivery platforms, and progress in diagnostic technologies.
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What Are the Major Factors Contributing to the drug and gene delivery devices Market Expansion?
The rising adoption of gene therapy is expected to propel the growth of the drug and gene delivery devices market. Gene therapy involves modifying genetic material within a patient’s cells to treat or prevent disease, and its demand is increasing due to its potential to cure genetic disorders and chronic diseases at their core. Drug and gene delivery devices are essential for targeting and releasing therapeutic genes precisely, improving treatment effectiveness. For example, a November 2023 report from the National Centre for Biotechnology Information estimated that the number of patients receiving gene therapy will rise from 16,244 in 2020 to 94,696 by 2025. Therefore, the growing adoption of gene therapy is driving the drug and gene delivery devices market.
Which Key Segments Shape the Drug And Gene Delivery Devices Market?
1) By Vector: Viral, Non-viral
2) By Method: In Situ, Ex Vivo
3) By Route Of Administration: Oral, Inhalation, Transdermal, Injectable, Ocular, Nasal, Topical
What Are the Transformative Trends Influencing the 143 Market?
Companies in the drug and gene delivery devices market are leveraging AI technology to improve the efficiency and precision of drug delivery systems. AI techniques are applied to enhance the effectiveness of drug delivery. In December 2023, Envoya Inc. launched a gene therapy drug delivery platform that combines biopolymer nanoparticles with AI, addressing limitations in current gene therapy technologies like viral vectors and lipid nanoparticles. The platform aims to improve safety, payload capacity, and tissue targeting.
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What Regions Are Leading the Growth Trajectory of the Drug And Gene Delivery Devices Market?
North America was the largest region in the drug and gene delivery devices market in 2023. The regions covered in the drug and gene delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Drug And Gene Delivery Devices 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 drug and gene delivery devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Drug And Gene Delivery Devices Market Include
1. Drug And Gene Delivery Devices Market Executive Summary
2. Drug And Gene Delivery Devices Market Segments
3. Drug And Gene Delivery Devices Market Size And Template Market Growth Rate
4. Key Drug And Gene Delivery Devices Market Trends
5. Major Drug And Gene Delivery Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Drug And Gene Delivery Devices Market
26. Top Drug And Gene Delivery Devices Companies
27. Drug And Gene Delivery Devices Market Opportunities And Strategies
28. Drug And Gene Delivery Devices Market, Conclusions And Recommendations
29. Appendix
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