Comprehensive Liposomal Drug Delivery Devices Market Analysis, By The Business Research Company
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 liposomal drug delivery devices market share.
The global liposomal drug delivery devices market is expected to grow from $4.1 billion in 2022 to $4.5 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The liposomal drug delivery devices market is expected to grow from $6.72 billion in 2027 at a CAGR of 10.6%.
Major Driver In The Liposomal Drug Delivery Devices Market – Rise In The Number Of Cancer Cases Across The Globe
According to the American Cancer Society, there will be 1.9 million new cancer cases and 0.6 million cancer deaths in the United States in 2021. Lung, prostate, bowel, and female breast cancer are the four most frequent kinds of cancer worldwide, accounting for 43% of all new cancer cases. As a result, the rise in cancer incidence rates worldwide is expected to drive demand for liposomal drug delivery systems in the coming years.
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Key Liposomal Drug Delivery Devices Market Segments
1) By Type: Liposomal Doxorubicin, Liposomal Paclitaxel, Liposomal Amphotericin B, Other Types
2) By Application: Fungal Diseases, Cancer Therapy, Pain Management, Viral Vaccines, Photodynamic Therapy
3) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgery Centers/Clinics, Other End Users
Recent Liposomal Drug Delivery Devices Market Trend – Strategic Collaborations And New Product Development
Several firms are collaborating to develop liposomal medication delivery technologies in order to extend their product line and operations globally. MindMed, an Israeli creative drug development company, for example, announced in 2021 the execution of a Memorandum of Understanding regarding the introduction of an exclusive collaborative development programme to optimise the supply of specific psychedelic drug candidates, leveraging Nextage’s proprietary Brain Targeting Liposome System (BTLS) supply technology, for which it has a licence. FUJIFILM Corporation announced in March 2020 its plan to offer contract services of process development and production of liposome formulations to its partners seeking medication delivery formulations tailored to deliver the therapy to the impacted sites.
Liposomal Drug Delivery Devices Market Prominent Players
Major players in the liposomal drug delivery devices market are Fudan-Zhangjiang, Pacira, Johnson and Johnson, Gilead Sciences, Novartis, Luye Pharma, CSPC, Ipsen (Onivyde), Teva Pharmaceutical, and Sigma-Tau Group.
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The Liposomal Drug Delivery Devices Global Market Report 2023 provides a comprehensive overview on the liposomal drug delivery devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the liposomal 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.
Liposomal drug delivery systems are small colloidal spheres that transport drug molecules to the site of action.
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