North America Drug Delivery Devices Market, 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 and Implantable Drug Delivery), Patient Care Setting (Hospitals, Diagnostic Centers, Ambulatory Surgery Centers/Clinics, Home Care Settings and Others), Application (Cancer, Infectious Diseases, Respiratory Diseases, Diabetes, Cardiovascular Diseases, Autoimmune Diseases, Central Nervous System Disorders and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029
Market Analysis and Insights : North America Drug Delivery Devices Market
The drug delivery devices market is expected to witness market growth at a rate of 7.29% in the forecast period of 2022 to 2029. Data Bridge Market Research report on the drug delivery devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the expenditure for the development of healthcare infrastructure is escalating the growth of the drug delivery devices market.
From the name itself, it is clear that the drug delivery devices are the medical devices that are used to deliver the dosage efficiently to the targeted area. The drug delivery devices help in identifying a patient’s issues with respect to the treatment and further administer drugs at the exact location of the disease.
Major factors that are expected to boost the growth of the drug delivery devices market in the forecast period are the growing prevalence of osteoporosis, cancer, respiratory diseases, diabetes and cardiovascular diseases around the globe. Furthermore, the rising expenditure on the development of healthcare infrastructure, increasing geriatric population and hi-tech developments and new product launches is further anticipated to propel the growth of the drug delivery devices market. On the other hand, the risk of side effects and injuries and various product recalls of devices of leading manufacturers is further projected to impede the growth of the drug delivery devices market in the timeline period.
In addition, the rising unmet medical needs augmenting the demand for health care services and personal disposable income will further provide potential opportunities for the growth of the drug delivery devices market in the coming years. However, non-favourable reimbursement scenario in the developing and under developed economies might further challenge the growth of the drug delivery devices market in the near future.
This drug delivery devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on drug delivery devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Drug Delivery Devices Market Scope and Market Size
The drug delivery devices market is segmented on the basis of route of administration, patient care setting and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of route of administration, the drug delivery devices market is segmented into oral drug delivery, injectable drug delivery, topical drug delivery, ocular drug delivery, pulmonary drug delivery, nasal drug delivery, transmucosal drug delivery and implantable drug delivery.
- On the basis of patient care setting, the drug delivery devices market is segmented into hospitals, diagnostic centers, ambulatory surgery centers or clinics, home care settings and others.
- On the basis of application, the drug delivery devices market is segmented into cancer, infectious diseases, respiratory diseases, diabetes, cardiovascular diseases, autoimmune diseases, central nervous system disorders and others.
Drug Delivery Devices Market Country Level Analysis
The drug delivery devices market is analysed and market size insights and trends are provided by country, route of administration, patient care setting and application as referenced above.
The countries covered in the drug delivery devices market report are U.S., Canada, and Mexico in North America.
The country section of the drug delivery devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
The drug delivery devices market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to drug delivery devices market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the drug delivery devices market in the growth period.
Competitive Landscape and Drug Delivery Devices Market Share Analysis
The drug delivery devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to drug delivery devices market.
Some of the major players operating in the drug delivery devices market report are Panacea Biotec Ltd, AptarGroup, Inc, Koninklijke Philips N.V., Nemera, Biocorp Production, Valeritas Holdings Inc., Ethicon, Eli Lilly and Company, Accord Healthcare Ltd., BD, Bayer AG, Johnson & Johnson Services, Inc., Novartis AG, Pfizer, Inc., F. Hoffmann-La Roche AG, GlaxoSmithKline plc., Merck & Co., Sanofi, and 3M among others.
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