Injectable drug delivery (IDD), was valued at USD 331.0 million in 2015. The demand for drug delivery systems has increased significantly due to an increase in chronic diseases such as cancer and diabetes. Injectables are being used to treat a growing number of diseases such as Wilson's, autoimmune diseases and cystic fibrosis. These drugs can be administered to patients who are unconscious or comatose and they are preferred over other methods of drug delivery.
Technological advances have allowed for the creation of new and improved devices as well as equipment tailored to specific patient care needs. Technological innovations such as dual-injectables, which allow for drug delivery via injectables, have also enhanced their effectiveness. The development of the biologics industry has led to increased demand for these injectables. These significant changes are driving market growth.
Market for injectable drugs delivery, by devices, 2013, 2024 (USD million)
This market is severely restricted by injuries and infections caused by needles in syringes. Contaminations from previously administered injectables or needle-stick injuries can cause serious complications that require further treatment. These complications often create additional hurdles in managing the disease. Oral administration of drugs is preferred to injections in certain instances because they are less toxic. IDD forms are also discouraged by strict regulatory restrictions. There have been many concerns in recent years about the safety of injectables. This has resulted in a decrease in approved production facilities and a consequent shortage of these drugs on the market. Despite these limitations, IDD has enormous market potential due to its many benefits and wide application in a variety of conditions. Many major companies are also contributing to this market by embracing injectables and substituting oral dosages.
The market can be divided into two types based on product: devices and formulations. The devices segment can be further divided into conventional injection devices and self-injection device. The self-injection devices include needle-free injectors and auto-injectors as well pen injectors.
The IDD market can be divided by formulations into novel drug delivery and conventional drug delivery. Solutions, reconstituted/lyophilized formulations and suspensions are all examples of conventional drug delivery systems. Emulsions are another example. Colloidal dispersions are colloidal particles, which can be liposomes or niosomes as well as polymeric or mixed micelles and nanoparticles. These microparticles can be used to absorb drugs quickly at their intended sites. The use of colloidal dispersions for drug delivery systems has increased significantly as a result of large investments by most companies in R&D.
The fastest-growing segment of this market is the one that includes self-injection devices. These devices make it easier to manage and control various disorders at primary level. Innovative technology allows painless administration of pharmaceutical drugs with needle-free injectors. This segment is one of the fastest growing and most profitable.
The therapeutic use segmentation of the industry can be broken down into auto-immune diseases, hormonal disorders, cancer, and other segments. IDD devices are used extensively in diabetes and oncology care. IDD devices are used extensively in chemotherapy for oncological conditions. Diabetes care, on the other hand, requires the administration of insulin. This is accomplished with the help of auto-injectors and pen-injectors as well as needle-free injectors.
The market can be divided into home care settings and hospitals based on end-user applications. Other end-user applications include research institutes, clinics, and diagnostic labs. The advent of self-injection devices such as pen-injectors and auto-injectors has made administering IDD relatively simple. This allows patients to do their own drug administration at home, without the need for medical assistance. The majority of market leaders have launched devices that allow the administration of insulin using self-injection devices due to the rising number of diabetes patients. In 2015, home care settings was the most lucrative segment in the market.
This report focuses on the U.S., Canada, Germany and U.K. as well as South Africa, Saudi Arabia and Brazil. Technology is more advanced in North America than it is elsewhere, making it easier to serve a large population. This region has a high prevalence of chronic diseases, which means that it is imperative to create newer and more effective drug delivery systems.
China and India dominate Asia's market. They offer a wide range of products with specific modifications to meet the needs of their patients. The need for IDD systems is growing because of the large Asian population.
Companies like Pfizer, Inc., Baxter International, Inc., Terumo Corporation, Becton, Dickinson and Company, Schott AG, and others are key players in the market. Certain products have been consolidated by some of the market's major players to make it easier for manufacturing and distribution.
Up Market Research published a new report titled “Injectable Drug Delivery Market research report which is segmented by Therapeutic Use (Hormonal Disorders, Autoimmune Disorders, Oncology), by Device Type (Self-injection Devices, Conventional Devices), by Formulation (Novel Drug Delivery, Conventional Drug Delivery), By Players/Companies Terumo Corporation, Inc, Baxter International, Inc, companies like Pfizer, Becton, Dickinson and Company, Schott AG among others Some of the major players in the market have consolidated partnerships for certain products that allow for ease of manufacturing and distribution”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Injectable Drug Delivery Market Research Report |
By Therapeutic Use | Hormonal Disorders, Autoimmune Disorders, Oncology |
By Device Type | Self-injection Devices, Conventional Devices |
By Formulation | Novel Drug Delivery, Conventional Drug Delivery |
By Companies | Terumo Corporation, Inc, Baxter International, Inc, companies like Pfizer, Becton, Dickinson and Company, Schott AG among others Some of the major players in the market have consolidated partnerships for certain products that allow for ease of manufacturing and distribution |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 228 |
Number of Tables & Figures | 160 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Therapeutic Use (Hormonal Disorders, Autoimmune Disorders, Oncology), by Device Type (Self-injection Devices, Conventional Devices), by Formulation (Novel Drug Delivery, Conventional Drug Delivery).
Injectable Drug Delivery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Injectable Drug Delivery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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