- Drug delivery devices are medical devices designed to deliver medications to the body in a controlled and targeted manner, enhancing their efficacy, safety, and patient compliance
- These devices can be external, such as inhalers, injectors, and pumps, or internal such as implantable devices, and are used to administer a wide range of medications, including small molecules, biologics, and vaccines
- North America is expected to dominate the drug delivery devices market with 32.9% due to well-established healthcare sector, dedication to innovation, advanced infrastructure, strong R&D focus, and high prevalence of chronic conditions
- Asia-Pacific is expected to be the fastest growing region in the drug delivery devices market during the forecast period due to rising disposable incomes, improving healthcare infrastructure, and strong economic growth in emerging economies such as Japan, China, and India
- Inhaler’s segment is expected to dominate the market with a market share of 24.4% due to its demand for asthma treatment. However, conventional metered-dose inhalers contribute significantly to greenhouse gas emissions
