Growth Trajectory Of The Pharmaceutical Drug Delivery Market 2023-2032
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
The global pharmaceutical drug delivery market is expected to grow from $1597.53 billion in 2022 to $1752.39 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The pharmaceutical drug delivery market size is expected to grow to $2075.25 billion in 2027 at a CAGR of 4.3%.
North America was the largest region in the pharmaceutical drug delivery market in 2022. North America is expected to be the fastest-growing region in the forecast period.
Pharmaceutical Drug Delivery Market Driver
The rising prevalence of chronic diseases is predicted to drive the pharmaceutical drug delivery market ahead. The overall number of chronic disease cases in a population at a given moment is referred to as the prevalence of chronic diseases. Pharmaceutical medication delivery assists patients with chronic diseases by delivering a pharmaceutical drug to a specific portion of the body to cure various disorders. According to the World Health Organisation, a United Nations specialised agency based in Geneva, noncommunicable illnesses kill 41 million people each year, accounting for 71% of all deaths worldwide, with cardiovascular diseases accounting for the majority of deaths. As a result, the rising prevalence of chronic diseases is propelling the pharmaceutical medication delivery industry forward.
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Prominent Pharmaceutical Drug Delivery Market Trend
The use of nano-based medication delivery systems is a growing trend in the pharmaceutical drug delivery sector. The use of nanomaterials in pharmaceutical drug delivery can boost cellular uptake of medications due to surface charge and time, as well as drug stability and water solubility. For example, Bioavanta-Boston, a Swiss-based chitosan nanoparticles research organisation, released Novochizol in March 2020, a unique polysaccharide nanotechnology that can be used to encapsulate any effective pharmaceutical additive such as a small molecule or biologic for localised delivery and steady discharge in any organ or tissue, allowing for the treatment of severe COVID-19 infection in the lungs.
Pharmaceutical Drug Delivery Market Prominent Players
Major players in the pharmaceutical drug delivery market are 3M Company, Bayer AG, Becton Dickinson And Company, F. Hoffmann-La Roche AG, GlaxoSmithKline PLC., Johnson & Johnson Inc., Merck & Co Inc., Novartis AG, Pfizer Inc., Sanofi S.A., AbbVie Inc., Amgen Inc., AstraZeneca plc., Boehringer Ingelheim, Boston Scientific Corporation, Bristol-Myers Squibb, Consort Medical plc, Eli Lilly and Company, Emergent Biosolutions Inc., Kite Pharma, Nemera France SAS, Nimbus Therapeutics, SHL Medical AG., Teva Pharmaceuticals Industries Ltd., and West Pharmaceutical Services Inc.
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Key Pharmaceutical Drug Delivery Market Segments
The global pharmaceutical drug delivery market is segmented –
1) By Route of Administration: Oral, Ocular, Pulmonary, Nasal, Injectable, Topical, Other Routes
2) By Application: Infectious Diseases, Cancer, Cardiovascular Diseases, Diabetes, Respiratory Diseases, Central Nervous System Disorders, Autoimmune Diseases, Other Applications
3) By End-User: Hospitals, Home Care Settings, ASC/Clinics, Other End Users
The Pharmaceutical Drug Delivery Global Market Report 2023 provides a comprehensive overview on the pharmaceutical drug delivery market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pharmaceutical drug delivery 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.
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Pharmaceutical Contract Development And Manufacturing Organization (CMO) Global Market Report 2023
Drug Delivery Devices Global Market Report 2023
Pharmaceutical Drugs Global Market Report 2023
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