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Report Overview

The global drug delivery devices market was valued at USD 270.80 Million in 2023, driven by the rising prevalence of chronic conditions and the increasing advancements in drug delivery technologies across the globe. The market is anticipated to grow at a CAGR of 5.80% during the forecast period of 2024-2032, with the values likely to reach USD 449.80 Million by 2032.

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

  • The market growth is primarily driven by the increasing prevalence of chronic conditions such as diabetes, cardiovascular diseases, and cancer, which is fuelling the demand for effective drug delivery solutions.
  • The rising number of regulatory approvals is boosting the market by enabling the launch of advanced devices and promoting innovation in the market.
  • Favorable government policies and increased funding for research and development in the healthcare sector are anticipated to elevate the market value in the forecast period.

Drug Delivery Devices Market Overview

Drug delivery is a method or system used to deliver pharmaceutical compounds to their target site in the body to achieve a therapeutic effect, optimizing drug release, absorption, and bioavailability. The drug delivery systems are focused on technologies that enhance the administration and effectiveness of drugs. Several factors such as the advancement in targeted therapies, the increasing prevalence of chronic diseases, and the rising preference for personalized medicine are anticipated to elevate the market value in the forecast period.

Drug Delivery Devices Market Growth Drivers

Advancements in Drug Delivery Devices to Boost Market Growth

Technological innovations such as the development of PLGA-based drug delivery systems, as highlighted in a study published in March 2024, provide promising advancements in antidiabetic treatments. These biodegradable nanoparticles are increasingly utilized for encapsulating insulin and other antidiabetic agents, providing sustained, controlled release and improved glycemic control. This innovation reduces the need for frequent injections, resulting in a significant improvement in the drug delivery system market.

Drug Delivery Devices Market Trends

Drug Delivery Devices Market Segmentation

The market report offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

  • Syringes
  • Wearable Infusion Pumps
  • Autoinjectors and Pen Injectors
  • Inhalers
  • Transdermal Patches
  • Implantable Devices

Market Breakup by Delivery Route

  • Injectable
  • Topical
  • Inhalation

Market Breakup by End User

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Homecare Settings
  • Others

Market Breakup by Region

  • North America 
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Drug Delivery Devices Market Share

Segmentation Based on Product Type to Witness Substantial Growth

Based on the product type, the market is divided into syringes, wearable infusion pumps, autoinjectors and pen injectors, inhalers, transdermal patches, and implantable devices. Syringes are expected to lead the global drug delivery market due to their widespread use in injectable drug delivery. Syringes are indispensable for delivering vaccines, biologics, and medications for chronic conditions, providing accuracy and reliability.

Drug Delivery Devices Market Analysis by Region

The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market for drug delivery devices in North America is expected to dominate during the forecast period due to the presence of well-established healthcare infrastructure, high healthcare spending, and the adoption of advanced technologies. The increasing prevalence of chronic diseases and strong regulatory support are key factors that are likely to stimulate market growth in the region.

Leading Players in the Drug Delivery Devices Market

The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Medtronic plc

Medtronic Plc, a leading global medical technology company, designs and manufactures innovative drug delivery solutions. Its SynchroMed™ III implantable infusion system delivers targeted therapy directly into the intrathecal space. The system provides enhanced reliability, security, and efficiency for improved patient outcomes.

Becton, Dickinson and Company (BD)

BD is a leading global medical technology firm revolutionizing healthcare with innovative solutions. In drug d...

Pfizer Inc.

Pfizer Inc. is a leading global biopharmaceutical company, innovating treatments for cardiovascular, cancer, p...

Ypsomed Holding AG

Ypsomed is a leading developer of self-medication solutions, specializing in injection and infusion systems. T...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the market include Johnson & Johnson, 3M Company, Novartis AG, F. Hoffmann-La Roche Ltd, AstraZeneca plc, and Bayer AG.

Key Questions Answered in the Drug Delivery Devices Market Report

  • What was the drug delivery devices market value in 2023?
  • What is the drug delivery devices market forecast outlook for 2024-2032?
  • What are the regional markets covered in the EMR report?
  • What is the market segmentation based on product type?
  • What is the market segmentation based on the delivery route?
  • What is the market breakup based on the end user?
  • What major factors aid the demand for drug delivery devices?
  • How has the market performed so far and how is it anticipated to perform in the coming years?
  • What are the major drivers, opportunities, and restraints in the market?
  • What are the major trends influencing the market?
  • Which regional market is expected to dominate the market share in the forecast period?
  • Which country is likely to experience elevated growth during the forecast period?
  • Who are the key players involved in the drug delivery devices market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Delivery Route
  • End User
  • Region
Breakup by Product Type
  • Syringes
  • Wearable Infusion Pumps
  • Autoinjectors and Pen Injectors
  • Inhalers
  • Transdermal Patches
  • Implantable Devices
Breakup by Delivery Route
  • Injectable
  • Topical
  • Inhalation
Breakup by End User
  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Homecare Settings
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Johnson & Johnson
  • Medtronic plc
  • Becton, Dickinson and Company (BD)
  • 3M Company
  • Novartis AG
  • Pfizer Inc.
  • F. Hoffmann-La Roche Ltd
  • AstraZeneca plc
  • Ypsomed Holding AG
  • Bayer AG

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124