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

As per The Business Research Company’s Electronic Drug Delivery Systems Global Market Report 2023, the electronic drug delivery systems market is expected to show significant growth in the forecast period.

Key insights from the electronic drug delivery systems market forecast include:

1. Market Size

The global electronic drug delivery systems market size is expected to grow from $9.74 billion in 2022 to $10.54 billion in 2023 at a compound annual growth rate (CAGR) of 8.24%. The global electronic drug delivery systems market size is expected to reach $14.66 billion in 2027 at a CAGR of 8.59%.

2. Major Driver

The rising prevalence of chronic disease is expected to propel the growth of the electronic drug delivery systems market going forward. Electronic drug delivery systems are used for regulating drug doses and make monitoring drug doses easy for people who suffer from chronic diseases. For instance, in January 2023, the National Center for Biotechnology Information, a US-based branch of the National Institutes of Health, published a research paper that said the number of U.S. citizens above the age of 50 with chronic diseases is supposed to increase by approximately 99.5% from 71.52 million in 2020 to 142.66 million by 2050. Therefore, the rising prevalence of chronic diseases will drive the electronic delivery system market.

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3. Key Trend

Technologically advanced, minimally invasive drug delivery systems are a key trend in the electronic drug delivery system market. Major companies in the electronic drug delivery market are launching drug delivery systems that are innovative and technologically innovative to sustain their position in the electronic drug delivery systems market. For instance, in March 2022, Evonik Industries AG, a Germany-based specialty chemicals company, launched EUDRATEC SoluFlow, which is a new microparticle technology to enhance the solubility of active pharmaceutical ingredients in oral drug products. The new technology is one of the company’s oral drug delivery technologies for treating diseases such as cancer, cardiovascular diseases, infectious diseases, and diabetes.

4. Largest Region

North America was the largest region in the electronic drug delivery systems market in 2022.

5. Major Players

Major players in the electronic drug delivery systems market are Gerresheimer AG, Amgen Inc., Medtronic PLC., Novo Nordisk A/S, Insulet Corporation, Bayer AG, AstraZeneca PLC., Tandem Diabetes Care, Merck KGaA, United Therapeutics Corporation, F. Hoffmann-La Roche AG, Elcam Medical, Sanofi S.A., Canè SpA and FindAir.

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Key Electronic Drug Delivery Systems Market Segments
1) By Type: Electronic Infusion Pumps, Electronic Injection Pens, Electronic Auto-Injectors, Electronic Inhalers, Electronic Capsules, Other Types
2) By Component: Sensors, Wireless Communicator And Antennas, Micro Pumps And Flow Regulators, Drug Reservoir, Microcontroller, Other Components
3) By System Type: Battery-Powered Systems, Rechargeable Systems
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
5) By Application: Diabetes, Cardiovascular Disease, Respiratory Disorders, Multiple Sclerosis, Other Applications

The Electronic Drug Delivery Systems Global Market Report 2023 provides an in-depth analysis on the electronic drug delivery systems market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the electronic drug delivery systems 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.

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

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