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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.
Base Year
Historical Year
Forecast Year
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.
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.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Delivery Route
Market Breakup by End User
Market Breakup by Region
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.
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.
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, 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.
BD is a leading global medical technology firm revolutionizing healthcare with innovative solutions. In drug d...
Pfizer Inc. is a leading global biopharmaceutical company, innovating treatments for cardiovascular, cancer, p...
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.
*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 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:
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Breakup by Product Type |
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Breakup by Delivery Route |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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