The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest drug delivery devices market share.

The global drug delivery devices market is expected to grow from $81.13 billion in 2022 to $87.65 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The global drug delivery devices market size is expected to grow from $115.09 billion in 2027 at a CAGR of 7.0%.

Major Driver In The Drug Delivery Devices Market ­– Increase In The Prevalence Of Chronic Diseases
According to the World Health Organisation (WHO), chronic diseases will account for nearly three-quarters of all fatalities globally by 2020, with developing nations accounting for 71% of deaths due to ischemic heart disease (IHD), 75% of deaths due to stroke, and 70% of deaths due to diabetes. Medical medications can be administered by a variety of methods. The method chosen is determined by three factors: the desired effect, the type of disease, and the type of product. The pharmaceutical industry is currently focused on the development of innovative medication delivery technologies. Because of the increasing prevalence of these diseases, research and development (R&D) in drug delivery is increasing around the world. Most pharmaceutical companies are focused on several drug delivery systems in order to provide superior benefits and outcomes for their marketed medications. As a result, the rising prevalence of chronic diseases is leading to increased consumption of therapeutic medications and therapies, which is likely to drive the growth of the drug delivery devices market.

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Key Drug Delivery Devices Market Segments
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

Recent Drug Delivery Devices Market Trend – Collaborating With Other Companies Within The Industry
Companies in the medication delivery devices market are partnering with one another to boost their product portfolios and expand their reach across different geographies. For example, Nemera, a French pharmaceutical business, teamed with Zollner Elektronik AG in October 2022 to create electronic medication delivery devices. Zollner would contribute its design, development, and manufacturing expertise to assist Nemera in developing an electronic drug delivery system.

Drug Delivery Devices Market Prominent Players
Major players in the drug delivery devices market are F. Hoffmann-La Roche Ltd., 3M Company, Pfizer Inc., Baxter International, BD, Novartis AG, Gerresheimer AG, Johnson & Johnson Services, Inc., Bayer AG, and GlaxoSmithKline PLC.

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The Drug Delivery Devices Global Market Report 2023  provides a comprehensive overview on the drug delivery devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the drug delivery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Drug delivery devices are used to administer medications to specific areas of the body in order to cure ailments. This market includes drug delivery devices utilised in a variety of patient care settings such as hospitals, diagnostic centres, clinics, and home care settings.

View More Related Reports –
Injectable Drug Delivery Devices Global Market Report 2023
Implantable Drug Delivery Devices Global Market Report 2023
Liposomal Drug Delivery Devices Global Market Report 2023

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