Global Injectable Drug Delivery Market According to Data Bridge Market Research new Market report, “By Type (Injectable Drug Delivery Devices, Injectable Drug Delivery Formulation), By Application (Hormonal Disorders, Orphan Disease, Others), By Usage Pattern (Curative Care, Immunizations, Others), By Mode Of Administration (Skin, Circulatory/ Muskoskeletal, Organs, Central Nervous System), By End User (Hospitals And Clinics, Home Healthcare Settings, Research Laboratories, Pharmaceutical And Biotechnological Companies, Others), By Distribution Channel (Hospital Pharmacy, Pharmacy Stores, Direct Tender, Online Pharmacy), By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Industry Trends and Forecast is projected to reach USD 1,104,096.5 million by 2025, at a CAGR of 12.4% during the forecast period of 2018 to 2025.
Injectable drug delivery is the delivery of drugs, medicines or pharmaceutical compound into the body via blood stream for a therapeutic effect. This drug delivery is the second-most important class of drug delivery after oral drugs. The technique includes many technologies, formulations and modes of administration to attain the preferred physiological effects.
The injectable drugs enter directly into the blood and show an immediate action, accurate result, less side effects, faster action, high efficacy, ability of administering drugs in comatose and unconscious patients, and provide immediate relief from chronic pain such as cancer, diabetes, cardiovascular. Also, injections can offer severe pain relief to the exact area by providing an effective result.
In recent years, the prevalence of chronic diseases (such as cancer, diabetes, hormonal disorder, and many others) has increased significantly over a period of time worldwide. The rapidly increasing aging population and the following rise in chronic conditions are major factors driving the demand for healthcare. This increase in prevalence of chronic diseases has resulted in a significant increase in the demand for self-injectable as these devices are more convenient and safe to use at home. According to World Health Organization, in 2014, the prevalence of diabetes over the age of 18 years has increased to 8.5%. 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 in 2015 around the globe.
The global market for injectable drug delivery by the following sub-categories is presented
Rising demand of self-injection devices:
Self-injection devices are automatic injection systems with audio-visual guides used in surgeries surgeries. This includes safety syringes and hidden needles among others. It is also one of the fastest growing areas for unit dose medication 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 impart the drug faster and have better reproducibility as compared to invasive drug delivery systems and hence enhance bioavailability when compared with invasive drug delivery systems.
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, to 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.
Technological advancements and innovations in drug delivery market:
The injectable drug delivery technology market is expected to show significant growth in the coming years, due to various technological advancements and new product launches in order to improve the convenience and ease of administration of parenteral therapeutics. Pens are gaining increased popularity in Europe for self-administration of insulin. Highly customized options are also available which includes Bluetooth connectivity in LISA autoinjectors. LISA auto injectors are fully automated and highly customized injectors, which have the ability to adjust the speed and depth of the automatic injection. Also, Dynapar AQ is a novel diclofenac injection manufactured by the Aquatech Process, which provides the full dose of 75 mg. diclofenac in just 1 ml. ensuring the injection to be virtually painless, the low viscosity of the solution and reduced volume of injection has to be maintained.
Growing focus of market players
The global injectable drug delivery market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America market.
Some of the major players operating in global injectable drug delivery are BD, Gerresheimer AG, Pfizer, Inc., Schott AG, Alkermes Plc., Eli Lilly and Company, Sandoz, Terumo Corporation, Teva Pharmaceuticals Industries Ltd., Ypsomed, Bespak, Baxter International, Inc., Nova Nordisk A/S, Sanofi, Crossject, InjexPharma GmbH, Elcam Medical, Unilife Corporation, West Pharmaceutical Services, Inc. and Vetter Pharma-Fertigung GmbH & Co. KG. among others.
Browse Related Reports:
Global Drug Delivery Devices Market, By Product Type (Oral (Solid, Liquid, Semi-Solid), Injectable (Devices (Conventional, Self-Injectable), Formulations), Topical (Transdermal Devices (Patches, Gels), Formulations), Pulmonary (MDI, DPI, Nebulizers), Nasal, Ocular, Implantable, Transmucosal), By End-User (Hospitals, Clinics, Home Healthcare, Community Healthcare, Others), By Distribution Channel (Hospital Pharmacy, Pharmacy Stores, Direct Tenders, Online Pharmacy), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa, Rest of the World) – Trends and Forecast to 2024
Europe Drug Delivery Market, By Route of Administration (Oral (Solid, Liquid, Semi-Solid), Injectable, Topical (Formulations, Transdermal Devices), Pulmonary (MDI, DPI, Nebulizers), Nasal, Ocular, Implantable, Transmucosal), By End-User (Hospitals, Clinics, Home Healthcare, Community Centers, Others), By Distribution Channel (Direct Tenders, Hospital Pharmacies, Pharmacy Stores, Online Pharmacies), By Country (Germany, France, U.K., Spain, Italy, Russia, Netherlands, Switzerland, Turkey, Belgium, Rest of Europe) – Trends and Forecast to 2024
Europe Injectable Drug Delivery Market, By Product Type, By End-Users, By Distribution Channel, By Country (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe) – Industry Trends and Forecast to 2024
North America Injectable Drug Delivery Market, By Product Type, By End-Users, By Distribution Channel, By Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2024
Global Injectable Drug Delivery Market – Industry Trends and Forecast to 2028
North America Injectable Drug Delivery Market – Industry Trends and Forecast to 2027
Europe Injectable Drug Delivery Market – Industry Trends and Forecast to 2027
Asia-Pacific Injectable Drug Delivery Market – Industry Trends and Forecast to 2027
Global Injectable drug delivery market is poised to reach USD 797.2 billion by 2022
Injectable Drug Delivery Market Rising at 12.4% CAGR Due to Surging Prevalence of Chronic Diseases
North America Injectable Drug Delivery Market is Poised to Grow at 11.0% to 2024
Asia-Pacific (APAC) Injectable Drug Delivery Market is Poised to Grow at 12.4% To 2024
Europe Injectable Drug Delivery Market Poised to Grow At 11.9% till 2024
Global Injectable Drug Delivery Market is Expected to Grow by CAGR 11.5% In The Forecast Period 2017 To 2024
North America Injectable Drug Delivery Market is Growing at a Significant Rate in the Forecast Period 2017-2024
Global Injectable Drug Delivery Market is Growing at a Significant Rate in the Forecast Period 2018-2025