The Latin America Injectable Drug Delivery Market was worth USD 43.49 billion in 2016 and estimated to be growing at a CAGR of 11.32%, to reach USD 74.34 billion by 2021.
According to the report Latin America Injectable Drug Delivery Market, published by Market Data Forecast, the Market was worth USD 43.49 billion in 2016 and estimated to be growing at a CAGR of 11.32%, to reach USD 74.34 billion by 2021.
Injectable drug delivery is characterized as introduction of a drug or drugs in the patient by utilizing a delivery device. Injectables permit the transport of drug in fluid form, directly into the body.
Despite the fact that, they might be designed to transport the drug to particular part of the body.
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The key factors driving the development of injectables are increase in the cases of cancer and diabetic patients, enhanced patient consistence to drug delivery system and advancement in technology. The key limiting factors that affect the development of injectables market incorporate injuries caused while administering injectables, patient safety issues, advancement of substitute drug delivery methods and product reviews.
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Injectable Drug Delivery Market is segmented into Device Type, Formulation, Therapeutic Use, End-user, Region. On the basis of Device type, the market is segmented into Self-Injection Devices, Conventional Devices.
On the basis of Formulation, the market is segmented into Conventional Drug Delivery, Novel Drug Delivery. On the basis of Therapeutic Use, market is divided into Autoimmune Disorders, Hormonal Disorders, Oncology.
On the basis of end-user , the market is further divided into Hospitals, Homecare Settings, Research Institutes, Clinical Laboratories. On the basis of geography, the Latin America market is analyzed under various regions namely Brazil, Argentina, and Mexico.
The developing Asian and Latin American nations collectively represent to the fastest developing business sector for injectables because of the increase in occurrences of disease and diabetes in patients and furthermore their consistence to novel advancements. Besides, the drug and device manufacturers are concentrating on major rising injectables market of Asia and Latin America because of less stringent directions for obtaining approvals on less competition and devices.
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Some of the major companies dominating the market, by their products and services include Antares Pharmaceuticals Ltd, Baxter International, Becton Dickinson Company, Elcam Medical, Eli Lily and Company, Unilife Corporation and West Pharmaceutical Inc.
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