Drug delivery systems Market

Global Drug delivery systems Market Report: By Type (Inhalation, Transdermal, Injectable and Others), Device Type (Conventional and Advanced), Distribution Channel (Hospitals Pharmacies, Retail Pharmacies and Others), and Region (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2024-2032.

Pharma & Healthcare | January 2024 | Report ID: EMR00499 | Pages: 301

Global Drug delivery systems market is predicted to reach approximately USD 87.02 billion by 2032, at a CAGR of 8.07% from 2024 to 2032.

Drug delivery systems are defined as the technique or procedure used to administer pharmaceutical compounds to achieve a desired therapeutic effect. These systems are essential for improving the safety, effectiveness, and patient compliance of different medications. The market is driven by the ongoing need for novel approaches to drug delivery that overcome the drawbacks of more conventional routes of administration, like oral and injectable routes. Novel drug delivery systems have been developed as a result of developments in nanotechnology, biotechnology, and materials science. Examples of these systems include implants, liposomes, nanoparticles, and transdermal patches. These systems offer controlled and sustained release of drugs, minimizing side effects and optimizing therapeutic outcomes. The increasing prevalence of chronic diseases, coupled with the growing aging population, has intensified the need for targeted and personalized drug delivery solutions, fostering the market's expansion. Moreover, the rise of biologics and gene therapies has spurred research and development efforts to devise specialized delivery systems capable of delivering these complex therapeutic modalities.

 

 

Global Drug delivery systems report scope and segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 43.27 billion

Projected Market Value (2032)

USD 87.02 billion

Base Year

2023

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Type, By Device Type, Distribution Channel & Region.

Segments Covered

By Type, By Device Type, Distribution Channel & By Region.

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Drug delivery systems dynamics

The need for better therapeutic outcomes, fewer side effects, and increased patient compliance is driving up demand for sophisticated drug delivery solutions as the prevalence of chronic diseases rises globally. New technologies are always entering the market, such as targeted delivery systems, nanotechnology, and microparticles. This creates a competitive environment where businesses try to set themselves apart from the competition.

Regulatory frameworks play a pivotal role in shaping market dynamics, influencing the approval and commercialization processes for new drug delivery technologies. As regulatory agencies adapt to accommodate novel approaches and address safety concerns, companies face a dynamic landscape that requires agility and compliance.

 

Global Drug delivery systems drivers

  • Technological Advancements and Innovation  

A major factor driving the worldwide drug delivery systems market is the unwavering quest for technological innovation and advancements. The accuracy and effectiveness of drug administration are being improved by the ongoing development of novel drug delivery technologies, such as nanotechnology, microfabrication, and smart drug delivery systems. These developments not only increase therapeutic efficacy but also solve issues with conventional delivery strategies, like reducing adverse effects and enhancing drug pharmacokinetics. A culture of research and development is being driven by the industry's dedication to staying at the forefront of scientific and technological advancement, creating a competitive environment that continuously pushes the limits of drug delivery capabilities.

  • Increasing Prevalence of Chronic Diseases

The growing worldwide prevalence of chronic illnesses, such as diabetes, heart problems, and cancer, is a major factor propelling the market for drug delivery systems. Drug delivery methods that are both efficient and convenient for patients are becoming more and more necessary as these conditions become more common. Improved bioavailability, more patient compliance, and targeted and sustained release of therapeutics are some advantages of advanced drug delivery systems. An ageing population and an increase in the prevalence of chronic illnesses are driving up demand for novel drug delivery strategies that can help patients live longer and manage their diseases more effectively.

 

Restraints:

  • Stringent Regulatory Approvals

The strict regulatory approval procedures for novel drug delivery systems significantly impede the expansion of the market. Because of their complexity, these technologies frequently need to be rigorously evaluated to guarantee their efficacy, safety, and compliance with legal requirements. The commercialization of novel drug delivery solutions can be impeded by delays in obtaining approvals, thereby hindering the market's ability to promptly address changing healthcare needs. Effectively navigating the regulatory landscape requires significant investments in research and development, as well as a thorough understanding of local, national, and global regulatory requirements.

  • High Development Costs and Market Entry Barriers

The high expenses linked to the investigation, creation, and marketing of sophisticated medication delivery methods pose a formidable obstacle to entry for numerous participants in the industry. The cost is increased by the requirement for lengthy clinical trials, complex manufacturing procedures, and adherence to quality standards. It could be difficult for smaller businesses to get the capital and resources needed to commercialise their innovations. The competitive landscape is restricted by high entry barriers, which may prevent the influx of innovative and diverse drug delivery solutions that could otherwise address unmet medical needs.

 

Opportunities:

  • Rise of Personalized Medicine

The market for medication delivery systems has a strong opportunity due to the increased focus on personalised medicine. Optimising therapeutic outcomes can be achieved by customising drug delivery solutions to each patient's unique characteristics, such as genetic makeup and lifestyle factors. More accurate and successful treatments are made possible by the development of personalised drug delivery strategies, which is facilitated by advancements in biomarker identification and diagnostics. Businesses are best positioned to benefit from this changing trend and satisfy the growing demand for individualised healthcare solutions if they can match their products with the personalised medicine paradigm.

 

Segment Overview

  • By Type

The market segmentation of drug delivery systems based on type is indicative of the various methods used to administer medications, each with unique benefits. One method of drug delivery is inhalation, which involves administering medication through the respiratory system. For respiratory disorders like asthma and chronic obstructive pulmonary disease (COPD), this technique is frequently used. Transdermal delivery is the process of delivering medication through the skin. It is a non-invasive method that is especially useful for controlled and extended drug release. When a drug is administered directly into the bloodstream, it can be used in critical care settings because it provides accurate dosage control and a quick onset. The "Others" category illustrates the changing landscape of drug administration techniques by encompassing a range of novel and specialised delivery methods, such as oral, ocular, and intramuscular routes.

  • By Device Type

Drug delivery systems that are conventional and those that are advanced are distinguished by device type segmentation. Traditionally used in the pharmaceutical industry, conventional devices include syringes and inhalers, two common ways to administer drugs. Advanced devices, on the other hand, make use of state-of-the-art technologies to improve patient experience, efficiency, and precision in drug delivery. This group consists of implantable devices, wearable patches, and smart inhalers that maximise treatment results. The industry's dedication to innovation and satisfying the changing needs for more complex and patient-centered drug delivery solutions is reflected in the move towards advanced devices.

  • By Distribution Channel

The distribution channel segmentation highlights the diverse avenues through which patients access pharmaceuticals. Hospitals pharmacies serve as critical hubs for drug dispensation within healthcare institutions, ensuring immediate availability for inpatient and outpatient needs. Retail pharmacies cater to the broader consumer market, providing convenience for patients to access medications for various conditions. The "Others" category encompasses online pharmacies and specialty clinics, showcasing the expanding landscape of healthcare services. The distribution channel segment underscores the importance of a well-established and diverse network to ensure widespread accessibility and availability of drug delivery systems, aligning with the goal of improving healthcare outcomes and patient convenience.

 

Global Drug delivery systems Overview by Region

North America leads the market due to its extensive investments in research and development, strong healthcare system, and high incidence of chronic illnesses. Advanced medication delivery systems are being adopted more quickly in the area because of the favourable reimbursement policies and emphasis on technological innovation. Europe follows suit, with an ageing population, a well-established healthcare system, and a strong emphasis on patient-centric care. The demand for creative drug delivery solutions is fuelled by the presence of significant pharmaceutical companies and a proactive regulatory environment.

The Asia-Pacific region emerges as a dynamic growth hub for the drug delivery systems market, propelled by a rising awareness of healthcare, expanding pharmaceutical industries, and an increasing burden of chronic diseases. Countries like China and India exhibit significant market potential due to their large populations and evolving healthcare landscapes. Latin America and the Middle East & Africa regions, while showing a comparatively slower market growth pace, present opportunities driven by improving healthcare infrastructure and a growing emphasis on preventive healthcare measures.

 

 

Global Drug delivery systems market competitive landscape

Major pharmaceutical and biotechnology companies, such as E3D Elcam Drug Delivery Devices, Gerresheimer AG, and Kindeva Drug Delivery are at the forefront, leveraging their extensive resources for research and development activities to introduce cutting-edge drug delivery technologies. These industry leaders focus on portfolio diversification, with investments in inhalation, transdermal, and injectable delivery systems, ensuring a comprehensive suite of offerings to address diverse therapeutic areas.

New entrants to the market, such as mid-sized businesses and start-ups that specialise in drug delivery, add novelty and innovative solutions to the competitive scene. Innovative start-ups that challenge established delivery strategies and improve patient experiences include SteadyMed Therapeutics and 3M Drug Delivery Systems. In the competitive arena, strategic partnerships and collaborations are commonplace, allowing businesses to combine resources and expertise for faster development and market penetration.

The competitive landscape also witnesses the entry of technology giants and non-traditional players seeking to capitalize on the convergence of healthcare and technology. Companies like Google's Verily Life Sciences and Apple have shown interest in health-related technologies, potentially influencing the drug delivery systems market through the integration of digital health solutions with drug delivery devices.

 

Global Drug delivery systems Recent Developments

  • May 2023, Viridian Therapeutics, Inc., a biotech firm dedicated to the exploration and advancement of potential top-tier medications for severe and uncommon ailments, has revealed a recent collaboration with Enable Injections. Enable Injections specializes in the creation and production of the enFuse ground-breaking wearable drug delivery system, designed for volumes of up to 25mL.
  •  Sept 2023, Evonik is enhancing its array of parenteral drug delivery solutions by introducing three novel standard PLA-PEG di-block copolymers and a nanoparticle formulation service utilizing sonication technology. Specifically designed for nanoparticle formation, these copolymers (RESOMER® RP d) find application in various parenteral drug delivery scenarios, offering solutions for controlled and sustained release drug products. Nanosonication, a pioneering process developed by Evonik, addresses process challenges and facilitates cGMP production of nanoparticles tailored for drug delivery, aligning seamlessly with the properties of RESOMER® RP d polymers.
  • Jan 2024, FUJIFILM Diosynth Biotechnologies, a prominent contract development and manufacturing organization (CDMO) specializing in biologics, vaccines, advanced therapies, and oncolytic viruses, has revealed plans to broaden its services for finished goods autoinjectors. This expansion will be facilitated through a non-exclusive strategic partnership agreement with SHL Medical (SHL), a leading provider of advanced drug delivery systems. This collaborative effort, integrated into SHL's Alliance Management Program, aims to optimize processes and improve efficiency for pharmaceutical and biotech companies that offer self-injection device finished goods services, primarily utilizing SHL's flagship platform Molly.

 

Scope of global Drug delivery systems report

Global Drug delivery systems report segmentation

ATTRIBUTE

DETAILS

By Type  

  • Inhalation
  •  Transdermal
  •  Injectable
  •  Others

By Device Type

  • Conventional
  •  Advanced

By Distribution Channel

  • Hospitals Pharmacies
  •  Retail Pharmacies
  •  Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Drug delivery systems size and forecast: To identify and estimate the market size for global Drug delivery systems market segmented by Type, By Device Type, Distribution Channel and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Drug delivery systems
  • Market Influencing Factors: To find out the factors which are affecting the market of global Drug delivery systems among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Drug delivery systems forecast period is 2024 - 2032.
According to global Drug delivery systems research, the market is expected to grow at a CAGR of ~ 8.07% over the next eight years.
The possible segments in global Drug delivery systems are based on by Type, By Device Type, Distribution Channel & by region.
The expected market size for Global Drug delivery systems is USD 43.27 billion in 2023.
The major players in the market are BD (Becton, Dickinson and Company) (U.S), Baxter (U.S.), E3D Elcam Drug Delivery Devices (Israel), Gerresheimer AG (Germany), Kindeva Drug Delivery (U.S.), Medtronic (Ireland), Nemara (France), West Pharmaceutical Services Inc. (U.S.) and Ypsomed (Switzerland).