Rising Number of Innovation to Augment Global Drug Delivery Systems Market

Published Date : May 02, 2018

ALBANY, New York, May 2, 2018: A new research study has recently been added by MarketResearchReports.biz to its comprehensive collection of research studies. The report, titled “Drug Delivery Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” provides a detailed reports of the market. The key growth factors, opportunities, and challenges in the global drug delivery market have been described thoroughly in the scope of the research report.

On the basis of type of delivery system, the global market has been categorized into prodrug implants, polymeric drug delivery, intrauterine implants, and targeted drug delivery. Based on application, the market has been segmented into infectious diseases, ophthalmology, oncology, CNS, urology, diabetes, and others. Furthermore, on the basis of route of administration, the global drug delivery systems market has been divided into topical, injectable, oral, inhalation, nasal, and ocular.

The increasing prevalence of chronic diseases and the rapid development of the biologics market are the key factors that are expected to encourage the growth of the global drug delivery systems market in the next few years. In addition, the high number of new product launches and innovations are projected to accelerate the market’s growth in the near future. On the other hand, product recalls and the increasing risk of needlestick injuries are likely to curtail the growth of the overall market in the forecast period. Nonetheless, the rising popularity of home care and self-administration of drugs is expected to generate potential growth opportunities in the coming years.

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From a geographical perspective, the global market for drug delivery systems has been categorized into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Among these, North America is expected to account for a large share of the global market in the coming years. The rising focus on development of new products and technological advancements are some of the key factors that are likely to encourage the growth of the market in North America throughout the forecast period. Furthermore, the rising research and development activities and the increasing investments by major companies are estimated to accelerate the growth of the Asia Pacific market in the coming few years.

The global market for drug delivery is likely to witness significant growth in the next few years. The high level of competition and the technological advancements in this field is estimated to generate promising growth opportunities for the global market in the next few years. Some of the leading players operating in the drug delivery systems market across the globe are Novartis AG, Johnson and Johnson Services, Inc., Baxter International, Inc., Becton, Dickinson & Company, Pfizer Inc., Bayer AG, AstraZeneca plc., Boston Scientific Corporation, and Amgen Inc. The research report offers detailed profiles of the players, including their business strategies, financial overview, and SWOT reports.

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