Global Drug Delivery Devices Market, By Route of Administration (Oral, Injectable, Topical, Pulmonary, Nasal, Ocular, Implantable, Transmucosal), End-User (Hospitals, Clinics, Home Care Settings), Distribution Channel (Direct Tenders,Hospital Pharmacies), Geography (North America, Europe, Asia-Pacific, South America, Middle East Africa) – Trends and Forecast To 2024
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Global Drug Delivery Devices Market accounted to USD 1,027.0 billion in 2016 growing at a CAGR of 8.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Drug Delivery Devices Market
Drug delivery is the process of administering a pharmaceutical compound into the body for a therapeutic effect through various routes. Drug delivery improves the efficacy and safety of drug by controlling the rate, time and release of drug in the body.
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Oral, injection-based, transdermal, and carrier-based are some of the types of drug delivery devices. Injectable drug delivery facilitates the rapid transport of a drug into the body by bypassing first-pass metabolism.
Major Market Drivers and Restraints:
- Growth in the number of diseases.
- Rise in Biologics Market
- Technological Advancement and New Product Launches are the factors which drives the market.
- Alternative drug delivery methods.
- Needlestick injuries & infections and Side Effects of Drugs.
- Regulatory requirements for the approval of devices restrain the market.
- Rising Demand for Biosimilars and Generic Drugs is the opportunity for the market.
- Pricing pressure is the challenge for the market.
The market is segmented on the basis of product type, end-user, application and geography.
On the basis of product type, the global drug delivery devices market is segmented into oral, pulmonary, injectable, ocular, nasal, topical, implantable and transmucosal. Oral Drug Delivery is then segmented on the basis of form into solid oral drugs, liquid oral drugs and semi-solid oral drugs.
The form of solid oral drugs is further sub segmented into tablets, capsules, powders, and pills.
Liquid oral drug is sub segmented into solutions and syrups.Semi-solid oral drug is sub segmented into gels, emulsions and elixirs.
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Pulmonary Drug Delivery is segmented on the basis of formulations, devices and nebulizers. On the basis of device the pulmonary drug delivery segment is further sub-segmented into in metered dose inhalers and dry powder inhaler.
Nebulizers are sub segmented into Jet Nebulizers, Ultrasonic Nebulizers and Soft Mist Nebulizers.
The injectable drug delivery segment is further segmented on the basis of product type and formulations. On the basis of type, the injectable drug delivery is segmented into self-injection devices, needle free injectors, auto-injectors, pen-injectors, wearable injectors.
On the basis of formulations the market is segmented into conventional drug delivery formulations, novel drug delivery formulations and long acting injection formulations.
The ophthalmic drug delivery is segmented on the basis of product type – ocular drug delivery devices and ocular drug delivery formulations. The ocular drug delivery is further segmented by product type, drug coated contact lenses and ocular inserts.
The ocular drug delivery formulations is further segmented into liquid ocular drug delivery formulations and semi-solid ocular drug delivery formulations. On the basis of type the liquid ocular drug delivery formulations is further sub segmented into eye drops and sprays.
On the basis of type the semi-solid ocular drug delivery formulations is sub segmented into gels and ointments.
The nasal drug delivery is segmented by type in nasal drops, nasal sprays, nasal powders and nasal gels.
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On the basis of end users the market is segmented into hospitals, home healthcare, clinics, community healthcare and others.
On the basis of distribution channel the market is segmented in hospital pharmacies, pharmacy stores and direct tenders.
On the basis of geography, drug delivery devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., China, India, Japan, Australia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Some of the major players operating in Drug Delivery Devices market are
- 3M Company
- Merck & Co., Inc.
- Pfizer Inc
- Johnson & Johnson
- Pfizer, Inc.
- Bayer AG
- F. Hoffmann-La Roche AG
- Novartis AG
- Valeant Pharmaceuticals International, Inc.
- Mylan Pharmaceuticals Inc.
- Antares Pharma
- Skye Pharma Plc.
- Nova Nordisk A/S
- Eli Lilly and Company
- Baxter International, Inc.
- Becton, Dickinson and Company
- Skyepharma AG
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