Pharmaceutical Drug Delivery Market

The report "Pharmaceutical Drug Delivery Market by Route of Administration [Oral, Injectors (Pen, Auto Injectors) Implantable, Syrups, Gels, Pulmonary, Tablets, Syringes], Application (Cancer, Diabetes), Facility of Use (Hospital, Home Care) -Global Forecast to 2029", is projected to reach USD 2,546.0  billion by 2029 from USD 1,949.4 billion in 2024 at  a CAGR of  5.5% during the forecast period.

Browse 907 market data Tables and 63 Figures spread through 718 Pages and in-depth TOC on "Pharmaceutical Drug Delivery Market by Route of Administration [Oral, Injectors (Pen, Auto Injectors) Implantable, Syrups, Gels, Pulmonary, Tablets, Syringes], Application (Cancer, Diabetes), Facility of Use (Hospital, Home Care) -Global Forecast to 2029"
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Globally, the growing burden of chronic diseases like diabetes, hypertention, rising aging population  globally are anticipated to accelerate the demand for drug delivery, further propelling the adoption of pharmaceutical drug delivery products . Moreover, the growing focus on patient convenience and government initiative to aid affordibility and accessibility are likely to fuel the market growth. Moreover, the increasing investments for new product development and growing  adoption of home care settings and self administration owing to its advantages are expecetd to support  the pharmaceutical drug delivery market growth during the forecast period.

Risk of needlestick injuries associated with drug delivery products and high cost of development , reducing the affordibiity of drug delivery products amoung patients and healthcare providers are likely to hamper the growth of pharmaceutical drug delivery market

The injectable drug delivery segment, is expected to register the largest market share of the global pharmaceutical drug delivery market  in 2023.

The pharmaceutical drug delivery market is segmented based on route of administration. Among route of administration segments, the injectable drug delivery  segment held the largest market share and anticipated to grow at a significant pace during forecast period. Owing to increasing prevalence of chronic disease as injectables are used in many therapeutic areas. The injectable route is also a promising alternative for drug delivery over oral route .It also enhances patient compliance and reduce the frequency of dosage administration. Due to growing preference in self-administration and home care, there has been significant development in injectables with a focus to minimize needle complications and pain. These factors are boosting the growth of injectable drug delivery at higher  rate.

The hospital segment, is predicted to capture the largest market share of the global pharmaceutical drug delivery market  in 2023.

The pharmaceutical drug delivery market is classified into hospitals, ambulatory surgical centers/clinics, diagnostic centers, home care settings, and other settings based on facility of use. The hospital segment is predicted to grow at a significant pace owing to the increasing number of inpatient and outpatient visits in hospitals and the requirement of large volumes of drugs and their respective delivery devices. Additionally, the increase in number of surgeries being performed and rising prevalence of chronic diseases across the globe leads to higher hospital admissions and, in turn, boost the pharmaceutical drug delivery market in this segment.

“The North America market, by region, to register highest growth rate in the forecast period.”

On the basis of region, the pharmaceutical drug delivery market is segmented into North America, Europe, Asia Pacific, and the Latin America, Middle East & Africa.  The North America market is likely to witness significant market growth. This is attribute to the rise in geriatric patient population, increasing cases of chronic diseases, moreover improving healthcare infrastructure and the implementation of supportive government initiatives to increase the accessibility drug delivery products. The geographical expanion and presence of key players in the region are likely to support  growth of pharmaceutical drug delivery market in North America.

As of 2023, pharmaceutical drug delivery in was dominated by Johnson & Johnson services, inc (US) , Novartis AG (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (US) , Becton, Dickinson and Company (US), GlaxoSmithKline plc (UK), Merck & Co., Inc. (US), Sanofi (France), Bayer AG (Germany), among others

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