Drug Delivery Technonogies Market Set To Grow To Over $217bn In 2018
What can be expected from the Drug Delivery Technologies Market? Which areas are going to grow at the fastest rates? This visiongain report shows you potential revenues to 2028, assessing data, trends, opportunities and prospects.
LONDON, UK. 31st January 2018: Visiongain has launched a new pharma report Drug Delivery Technologies Market Forecast 2018-2028: Analysis of Oral, Inhalable, Injectable/Implantable, Transdermal, Ocular and Nasal/Buccal Drug Delivery Technologies; Forecasts for Biologics, Vaccines and Major National Markets and Assessment of Leading Drug Delivery Companies
By definition, drug delivery is the method or process of administering a pharmaceutical compound to achieve a therapeutic effect in the human body. In this report, the term drug delivery technology encompasses the methods of enhancing the delivery of a drug through changes in drug formulation, the use of medical devices or through combination products. Combination products are combinations of drug-device, biologic-device, biologic-drug or all three components together in one entity. Combination products will continue to provide promising approaches to the delivery of various types of drugs that may come with different molecular formulations in the coming years.
Drug delivery technologies also include drug delivery systems together with the various time delivery technologies that may be involved. Examples of drug delivery systems include tablets, capsules and patches. There are six main submarkets of drug delivery technologies that contribute to the total drug delivery technologies market — oral, inhalable, injectable/implantable, transdermal, ocular and nasal/buccal — each providing beneficial delivery routes for a specific small or large molecule towards an intended target.
The lead analyst for this report says:
“The market for drug delivery technologies has experienced strong growth in recent years. In 2018, the global drug delivery technologies market is expected to reach a value of $217.7bn. Visiongain expects the growth to continue over the forecast period. The market will be boosted by the increasing number of biologics as they are inherently difficult to administer by traditional drug delivery methods. Visiongain also expects the use of vaccines with innovative delivery platforms such as nasal sprays and transdermal patches will expand significantly over the next decade.
The US maintained its dominance as the leading national market for drug delivery technologies in 2018. Developed countries such as Japan, Germany and France were also key markets for drug delivery technologies in the same year. However, as these markets become more saturated with the growing number of drug delivery technologies, this presents opportunities for fast-growing markets such as China and India — which will become attractive areas of investment for big pharma companies.”
The Global market is highly competitive with many different players entering the market. The report discusses products from leading companies in the market. Notable companies in the Drug Delivery Technology market include Alkermes, 3M, Skyepharma, Becton Dickinson and Company (BD), Antares Pharma, pSivida, Applied Pharma Research (APR), Ethypharm, Glycologic and NanoPass Technologies amongst others.
Notes for Editors
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