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 Business Research Company’s pharmaceutical drug delivery market report forecasts the pharmaceutical drug delivery market size to grow to $2.07 trillion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

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Pharmaceutical Drug Delivery Market Size Forecast
The global pharmaceutical drug delivery market is expected to grow from $1.59 trillion in 2022 to $1.75 trillion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical drug delivery market size is expected to grow to $2.07 trillion in 2027 at a CAGR of 4.3%.

North America held the largest pharmaceutical drug delivery market share and was the fastest-growing region in 2022.

Key Pharmaceutical Drug Delivery Market Driver ­– Growth In Prevalence Of Chronic Diseases
For instance, the World Health Organization, a specialized United Nations organization headquartered in Switzerland, estimates that noncommunicable diseases kill 41 million people each year, accounting for 71% of all fatalities worldwide, with cardiovascular disease being the leading cause of death. As a result, the rising prevalence of chronic diseases is driving the pharmaceutical medication delivery market.

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Key Pharmaceutical Drug Delivery Market Trend – Adopting Nano-Based Drug Delivery Systems
Because of surface charge and time, as well as their ability to improve pharmaceutical stability and water solubility, the use of nanomaterials in pharmaceutical drug delivery can increase drug cellular uptake. For example, Bioavanta-Boston, a Swiss company that conducts chitosan nanoparticle research, introduced Novochizol in March 2020, a novel polysaccharide nanotechnology that can be used to encapsulate any efficient pharmaceutical additive, such as a small molecule or biologic, for localised delivery and steady discharge in any organ or tissue, enabling the treatment of severe COVID-19 infection in the lungs.

Pharmaceutical Drug Delivery Market Segment
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

Pharmaceutical Drug Delivery Market Major Players and Strategies
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.

Halozyme Therapeutics, a biotechnology company based in the United States, paid $960 million for Antares Pharma in May 2022. Halozyme hopes to strengthen its position as a leading provider of medication delivery services by adding Antares specialty goods. Antares Pharma is a specialty pharmaceutical drug delivery company based in the United States.

The Pharmaceutical Drug Delivery Global Market Report 2023 covers regional data on pharmaceutical drug delivery market size, pharmaceutical drug delivery market trends and drivers, opportunities, strategies, and pharmaceutical drug delivery market competitor 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.

The procedure or technique for administering a medicine to a person or an animal in order for it to have a therapeutic effect is known as pharmaceutical drug delivery. A formulation or piece of equipment that allows a therapeutic substance to target its site of action while avoiding nontarget cells, organs, or tissues.

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