The advanced drug delivery market is expected to expand at a CAGR of 16.0%, reaching the estimated value of USD 1,95,132.45mn between 2020 to 2030.
Researchmoz elucidates the market dynamics of the advanced drug delivery market including market size, growth drivers, restraints, trends, opportunities, segment dominance, and competitive edge.
The burgeoning chronic diseases are expected to strengthen the market during the forecast period.
Factors Driving and Restraining the Market
Some of the determinants of the growth of the advanced drug delivery market include-
The advanced technology in the drug delivery system is expected to drive the market towards significant growth.
For instance- West Pharmaceuticals getting into an agreement with Corning Incorporated for advanced technology for an advanced injectable drug delivery system to offer better safety for patients
Benefits such as target-oriented therapy, reduced dosing frequency, lower toxicity, and increased efficacy are anticipated to bolster the market significantly during the forecast period.
Rising investment in research and development in biotechnology and genetic engineering is expected to boost the demand for advanced drug delivery in the forthcoming years.
Some of the existing key players of the advanced drug delivery market are –
- Alnylam Pharmaceuticals Inc.
- Endo International Plc.
- Biogen Limited
- Micropoint Technologies
- Bausch Health Companies Inc. (Bausch Lomb)
- Altaris Capital Partners Llc. (Kindeva Drug Delivery)
- Novo Nordisk A/S
- Takeda Pharmaceutical Company Limited.
- Johnson Johnson (Johnson Johnson Vision)
- Ocular Therapeutix Inc.
Product/Type Disposition (Revenue in USD million)
- Oral Drug Delivery System
- Injection based Drug Delivery System
- Inhalation/ Pulmonary Drug Delivery System
- Transdermal Drug Delivery System
- Parenteral Drug Delivery System
Application Disposition (Revenue in USD million)
- Liposomes
- Nano Particles
- Microspheres
- Monoclonal Antibodies
- Others
- End Users Dispositions (Revenue in USD million)
- Hospitals
- Specialized Clinics
- Clinical Research Development Centres
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Regional Disposition
- North America
- U.S.
- Canada
- Europe
- UK.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Mexico