Global Injectable Drug Delivery Market is Growing at a Significant Rate in the Forecast Period 2018-2025

Global Injectable Drug Delivery Market is expected to reach USD 1,104,096.5 million by 2025 from USD 378,998.2 million in 2017, at a CAGR of 12.4% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Segmentation: Global Injectable Drug Delivery Market

Type  (Injectable Drug Delivery Devices, Injectable Drug Delivery Formulation), Application (Hormonal Disorders, oncology, autoimmune diseases, orphan disease,  other applications), Usage Pattern (Curative Care, Immunizations, Other Usage Pattern ), Mode Of Administration (Skin, Circulatory/ Muskoskeletal, Organs, Central Nervous System ), End User (Hospitals And Clinics, Home Healthcare Settings, Research Laboratories, Pharmaceutical And Biotechnological Companies,  Other End Users), Distribution Channel (Hospital Pharmacy, Pharmacy Stores, Direct Tender, Online Pharmacy),Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Drivers: Global Injectable Drug Delivery Market

The major factors contributing to the growth of the market includes factors such rising cases of chronic diseases and due to rising demand of self-injection devices. On the other hand needle stick injuries and infections may hinder the growth of the market

RISING CASES OF CHRONIC DISEASES

In recent years, the prevalence of chronic diseases (such as cancer, diabetes, hormonal disorder, and many others) across the globe has increased considerably over a period of time. The rapidly increasing aging population and the subsequent rise in chronic conditions are major factors driving the demand for and cost of healthcare. This increase in prevalence of chronic diseases has resulted in a significant increase in the demand for self-injectables as these devices are more convenient and safe to be use at home.

This increase in prevalence of chronic diseases can be attributed to unhealthy lifestyles, including excess consumption of alcohol and tobacco. The above-mentioned factors also increase health risks such as obesity, high blood pressure, and cholesterol, which in turn contribute towards the unprecedented rise in cases of chronic diseases.

Mention below is some of the statistics related to the chronic diseases.

  • According to Centers for Disease Control and Prevention (CDC), stated that in America, each year 7 of 10 deaths are caused due to chronic diseases.
  • According to World Health Organization, in 2016, 71 million people were affected globally by chronic hepatitis C infection.
  • According to American Cancer Society, Inc., in 2016, it was estimated that in the U.S. around 1,685,210 new cases of cancer will be diagnosed and approximately 595,690 people will die due to this disease.
  • According to World Federation of Hemophilia, in 2015, it was estimated that 187,183 people were suffering from Hemophilia globally.
  • According to World Health Organization, in 2014, the prevalence of diabetes over the age of 18 years has increased to 8.5%.
  • According to the European Commission, in 2012, chronic diseases in Europe accounted for 86% of all deaths.
  • According to National Cancer Institute, cancer is considered as one of the leading causes of death globally. Around 8.8 million cancer-related deaths were reported globally in 2015.
  • According to the Australian Institute of Health and Welfare, in 2011, chronic diseases were the leading cause of illness, disability, and death in Australia and it accounted for 90% of all deaths.
  • According to American Academy of Dermatology, in the U.S. around 7.5 million people have psoriasis.
  • According to Asthma and Allergy Foundation of America, allergies are increasing and they affect around 30% of adults and 40% of children. Allergy is the most common health concern for children in the U.S.

In 2016, Novartis Healthcare Pvt. Ltd launched an injectable drug, Scapho, in India for the treatment of psoriasis. This approval would mark a significant milestone in the treatment of psoriasis, providing a new and important first-line biologic treatment option for patients.

Diseases like diabetes and cancer are considered to be the greatest threats globally, especially to populations in the BRICS (Brazil, Russia, India, China and South Africa) countries. China has the highest rate of diabetes diagnosis in the world due to growing westernization of lifestyle habits and diets. In many cases, diabetic patients may require about 90 to 100 insulin injections per month, making it more suitable for these patients to opt for home treatment. To support this demand, numerous companies are developing injectable formulations and devices that can be used at home. In April 2012, Ypsomed launched Mylife-DailyDose, a self-injection system for diabetic patients in six European countries—Switzerland, Germany, the U.K., Norway, Austria, and the Netherlands.  Also, in October 2011, Ypsomed Group (Switzerland) introduced Omnifill in Germany which is a reusable insulin pen distributed by B Braun. The launch was mainly aimed at helping Ypsomed to capture a significant share of the German market which was the largest market for insulin in Europe with 7.2 million cases of diabetes in 2014.

Amylin analog and GLP-1 receptor agonists are non-insulin injectables for diabetic patients who requires constant monitoring multiple daily insulin injections to avoid disease complications like heart disease, kidney failure, vision or hearing loss.

Cancer is another main cause for morbidity and mortality across the globe. Worldwide, more than 60% of the total new annual cases of cancer occur primarily in the regions of Africa, Asia, and Central and South America; these regions also account for around 70% of the total cancer deaths. In November 2014, Sandoz (Germany) launched a cyclophosphamide injection that contains chromatography agents to treat certain kinds of cancer among paediatric patients and adults. In the U.S., this injection is also used for the treatment of leukemia, lymphoma, and myeloma. These diseases accounted for 9.4% of the cancer cases estimated in 2014. This launch was intended to strengthen the product offerings of the company, in generic oncology injectables, which is a fast-growing market for injectable drug delivery.

In 2013, a global action plan for the Control and Prevention of non-communicable diseases was launched by WHO. This action plan is aimed to reduce mortality caused by cancer, chronic, respiratory diseases, cardiovascular diseases, and diabetes by nearly 25%.

Also, with the rising chronic disease the healthcare spending is also in per year, globally. By increasing the spending in preventing and providing treatment to most of the common chronic diseases will help in reducing the treatment cost and financial impact of the disease yearly. For instance, according to American Public Health Association, the U.S. could decrease the treatment cost of chronic diseases by USD 218 billion annually and reduce the economic impact of the disease by USD 1.1 trillion per year.

Mention below is healthcare cost spend on chronic diseases:

  • In the European Union, an estimated USD 778.06 billion is spent per year on treating chronic diseases. Many of these chronic diseases require frequent medical aid.
  • According to Centers for Disease Control and Prevention (CDC), around 86% of the healthcare costs in the U.S. are for treating people with chronic diseases.

With the increasing prevalence of chronic diseases, the demand for development and innovation of injectable drugs and devices is increasing. This growing demand has provided an opportunity for the pharmaceutical companies to focus on introducing various products in the market in order to meet the rising demand for injectable drug delivery systems. Due to this rising demand the pharmaceutical companies are focusing on developing formulation and devices for maximum utilization of drugs, reduction in health care costs through shorter treatment period, improved therapy, and less frequency of dosing in order to improve various chronic conditions like heart disease, cancer and diabetes which are the leading cause of mortality in the world. Also, as injectable are increasingly proving effective with rapid and effective dosage for such diseases, the market for injectable drug delivery is likely to grow at a higher rate in the coming years

RISING DEMAND OF SELF-INJECTION DEVICES

Self-injection devices are a combination of automatic injection systems with audio-visual guides for surgeries; this includes safety syringes and hidden needles, among others. It has also emerged as one of the fastest growing areas for unit dose medication in order to minimize drug waste and increase product lifespan. As patients are able to self-administer injectable drugs at their home instead of the regular visits to the hospital it improves safety and patient compliance, thus, making the injections easy, safe and convenient. It reduces anxiety eliminating needle phobia through various self-injection devices like auto injectors, pen injectors, needle-free injectors and wearable injectors. These self-injection devices imparts the drug faster and has better reproducibility as compared to invasive drug delivery systems and hence enhance bioavailability when compared with invasive drug delivery systems.

Distant from the factor which has been mentioned above, the launch of various websites helps in educating people about needle tip placement and precise dosages, which will facilitate patients to administer injections without any assistance. This is another main factor that has led to the increase in demand for self-injection devices. In April 2015, B. Braun launched the Educational Injection Safety Monitoring (ISM) website, which aware people about the placement of needle tips and about local anesthetic injections in order to help them prevent neurological complications. Such initiatives would boost the demand for safe administration of self-injections.

With the existence of a large number of injectable drugs and higher demand for self-injectables from patients, many pharmaceutical players are introducing innovative self-administration therapies. In February 2013, Novo Nordisk launched NovoSeven (Recombinant factor VIIa) with a prefilled syringe system that is used for the treatment of hemophilia. Also, Autoject 2 is an automated injection device of Owen Mumford Company enabling effective drug delivery at a touch of a button to encourage patient’s self-reliance by concealing the needle in order to guard against accidental injury.

Major Players: Global Injectable Drug Delivery Market

Some of the major players operating in this market are Baxter International, Inc., Becton Dickinson and Company, Gerresheimer AG, Pfizer, Inc., Schott AG, Alkermes Plc., Eli Lilly and Company, Sandoz, Terumo Corporation, Teva Pharmaceuticals Industries Ltd., Ypsomed, and Bespak, among other players.