Uncover key drivers, emerging technologies, and competitive movements shaping the drug delivery devices market from 2025–2034 with trusted insights from The Business Research Company
What Is The Predicted Size Of The Drug Delivery Devices Industry By 2029?
The drug delivery devices market size has demonstrated robust growth in recent years. It is projected to expand from $91.03 billion in 2024 to $95.99 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.4%. The historical growth of this market can be ascribed to several factors, including the swift increase in the elderly population, the expansion in the number of healthcare facilities, economic development in emerging markets, and increased healthcare expenditure.
The drug delivery devices market is projected to experience substantial expansion in the coming years, reaching $122.16 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 6.2%. This projected growth during the forecast period is primarily driven by factors such as the rising incidence of chronic diseases, a growing need for injectables, an escalating demand for drug delivery devices themselves, and the unexpected appearance of severe infections. Key trends anticipated during this period involve significant investment in microneedle drug technology for delivery, extensive research and development into self-injectable drug delivery solutions, a strategic emphasis on mergers and acquisitions, and an increased focus on wearable drug delivery devices.
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What Major Drivers Are Impacting The Drug Delivery Devices Market?
The drug delivery devices market is anticipated to be propelled by the growing incidence of chronic conditions such as cardiovascular diseases, diabetes, cancer, and other illnesses. For instance, in January 2023, according to the National Library of Medicine, a US-based medical library operated by the federal government, the number of individuals in the United States aged 50 and older with at least one chronic condition is projected to increase by 99.5%. This increase would see the number rise from 71.522 million in 2020 to 142.66 million by 2050. Medical drugs can be administered through various routes, and the development of new drug delivery systems plays a major role in the pharmaceutical industry. Global research and development (R&D) in drug delivery is expanding due to the increasing prevalence of these diseases. Most pharmaceutical companies are focusing on multiple drug delivery technologies to create significant advantages and better outcomes for their marketed products. Hence, the increasing prevalence of chronic diseases is leading to increased consumption of therapeutic drugs and therapies, and this factor is expected to drive the growth of the drug delivery devices market.
Which Segment Categories Are Driving Maximum Growth In The Drug Delivery Devices Market?
The drug delivery devicesmarket covered in this report is segmented –
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
Subsegments:
1) By Oral Drug Delivery: Tablets and Capsules, Oral Sprays, Oral Liquids, Oral Disintegrating Tablets
2) By Injectable Drug Delivery: Syringes (manual and auto-disable), Vials and Cartridges, Pen Injectors, Infusion Pumps
3) By Topical Drug Delivery: Creams and Ointments, Transdermal Patches, Gels and Lotions, Powders
4) By Ocular Drug Delivery: Eye Drops, Ocular Inserts, Contact Lens Drug Delivery Systems
5) By Pulmonary Drug Delivery: Metered-Dose Inhalers (MDIs), Dry Powder Inhalers (DPIs), Nebulizers
6) By Nasal Drug Delivery: Nasal Sprays, Nasal Powders, Nasal Drops
7) By Transmucosal Drug Delivery: Buccal Tablets, Sublingual Tablets, Mucoadhesive Films
8) By Implantable Drug Delivery: Drug-Implantable Devices, Biodegradable Implants, Reservoir-based Implants
Which Long-Term Trends Will Play A Crucial Role In The Drug Delivery Devices Market?
Major companies operating in the drug delivery device market are concentrating on creating innovative devices like autoinjectors with completely built-in connectivity to gain a competitive edge. Autoinjectors are medical instruments designed for the self-administration of a pre-measured dose of medication. For instance, in May 2022, Jabil Healthcare, a US-based provider of healthcare manufacturing solutions, unveiled the Qfinity autoinjector platform, a reusable drug delivery device. The Qfinity autoinjector platform stands out as a simple, reusable, and modular solution for subcutaneous drug self-administration, providing a cost-effective alternative to market competitors while promoting sustainable drug delivery in the pharmaceutical industry. With its versatile design, it can handle various drug volumes and viscosities, featuring a patient-centric form factor that offers up to 65% lower cost per injection compared to leading disposable autoinjectors. The robust Qfinity device supports over 100 injections and uses 1 mL or 2.25 mL pre-filled disposable cassettes. Additionally, its optimized component and material usage results in an estimated 65% decrease in cost per injection, a 60% smaller carbon footprint, a 50% reduction in manufacturing footprint, and a 70% decrease in capital expenditure (CAPEX).
Who Are The Dominant Players In The Drug Delivery Devices Market Today?
Major companies operating in the drug delivery devices market include Becton, Dickinson and Company, Baxter International, B. Braun Melsungen AG, Catalent, 3M Company, West Pharmaceutical Services, Inc., Gerresheimer AG, Smiths Medical, Boehringer Ingelheim, SMC Ltd., Elcam Medical, Eli Lilly and Company, Injex, Novartis AG, Novo Nordisk A/S, Pfizer Inc, Sanofi Sa, Schott AG, Terumo Corporation, Teva Pharmaceuticals, Ypsomed Holding AG, F. Hoffmann-La Roche AG, GlaxoSmithKline, AstraZeneca, Congenica Ltd., UCB, Alkermes, Aptalis Pharma, Inc., Johnson & Johnson, Nektar Therapeutics, SkyePharma PLC, Pharmasyntez, NEARMEDIC PLUS LLC, Copernicus, Medtronic, Philips, Siemens, Stryker, GE Healthcare, Teleflex Medical, Gilero, Kedalion Therapeutics, MediPrint Ophthalmics, Nemera, Pendant Biosciences, Battelle Medical Devices, Merck & Co. Inc., Antares Pharma, Abbot, Allergan, Bilim Pharmaceuticals, H&T Presspart, Hovione Technology, Sorrel Medical, Syqe Medical, Julphar, ResMed Inc, Covidien plc
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Which Region Is At The Forefront Of Innovation In The Drug Delivery Devices Market?
North America was the largest region in the drug delivery devices market in 2024. Asia-Pacific was the second-largest region in the global drug delivery devices market. The regions covered in the drug delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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