The Business Research Company's Latest Study On The Drug Delivery Devices Market.
LONDON, GREATER LONDON, UK, April 30, 2020 /EINPresswire.com/ — The global drug delivery devices market is expected to grow from $1.4 billion in 2019 to about $1.6 billion in 2020 as there is a marginal increase in demand due to the use of such devices in the treatment of COVID-19 patients. The market is expected to stabilize and reach $1.9 billion at a CAGR of 8.2% through 2023. Drugs used for COVID-19 treatment are both oral and injectable; however, a marginal increase is expected for pulmonary or respiratory-based drug delivery devices. However, regulatory changes related to medical devices is expected to restraint the growth of the drug delivery devices market.
The drug delivery devices market consists of the sales of medical devices and equipment that are used for delivering specific drugs to a specific part of the body to cure chronic diseases such as cancer, infectious diseases, respiratory diseases, diabetes, cardiovascular diseases. The market includes the sales of the devices that are specifically made for delivering specific drugs according to the various administration techniques of oral drug delivery, injectable drug delivery, topical drug delivery, ocular drug delivery, pulmonary drug delivery, nasal drug delivery, transmucosal drug delivery and implantable drug delivery. Drug delivery devices used in various patient care settings such as hospitals, diagnostic centers, pharmaceutical companies, clinics and home care settings are included in this market.
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The global drug delivery devices market is further segmented based on type and geography.
By Route Of Administration – Oral Drug Delivery; Injectable Drug Delivery; Topical Drug Delivery; Ocular Drug Delivery; Pulmonary Drug Delivery; Nasal Drug Delivery; Transmucosal Drug Delivery; Implantable Drug Delivery
By Patient Care Setting – Hospitals; Diagnostic Centers; Ambulatory Surgery Centers/Clinics; Home Care Settings; Others
By Application – Cancer; Infectious Diseases; Respiratory Diseases; Diabetes; Cardiovascular Diseases; Autoimmune Diseases; Central Nervous System Disorders; Others
By Geography – The global drug delivery devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is forecasted to register the highest growth rate in the drug delivery devices market through 2023.
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Trends In The Drug Delivery Devices Market
The microneedle (MN) is a highly efficient and versatile medical device technology due to its prominent properties including painless penetration, low cost, excellent therapeutic efficacy, and relative safety. This novel delivery method allows a wider variety of molecules to pass the skin’s barrier, thus allowing transdermal delivery to be applied to a large range of clinical applications including diabetes, severe osteoporosis, and influenza vaccinations.
Drug Delivery Devices Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides drug delivery devices market overviews, analyzes and forecasts drug delivery devices market size and growth for the global drug delivery devices market, drug delivery devices market share, drug delivery devices market players, drug delivery devices market size, drug delivery devices market segments and geographies, drug delivery devices market trends, drug delivery devices market drivers and drug delivery devices market restraints, drug delivery devices market’s leading competitors’ revenues, profiles and market shares. The drug delivery devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Drug Delivery Devices Global Market Report 2020 from The Business Research Company for information on the following:
Markets Covered: Global Drug Delivery Devices Market
Data Segmentations: Drug Delivery Devices Market Size, Global And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Drug Delivery Devices Market Organizations Covered: F. Hoffmann-La Roche Ltd, 3M Company, Pfizer Inc., Baxter International, BD., Novartis AG, Gerresheimer AG, Johnson & Johnson Services, Inc., Bayer AG, GlaxoSmithKline plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa
Time Series: Five years historic (2015-19) and forecast (2019-23)
Other Information And Analyses: PESTEL analysis, drug delivery devices market customer information, drug delivery devices market product/service analysis – product examples, drug delivery devices market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global drug delivery devices market in 2020 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Drug Delivery Devices Industry: The report explains a number of strategies for companies in the drug delivery devices market, based on industry trends and company analysis.
Opportunities For Companies In The Drug Delivery Devices Sector: The report reveals where the global drug delivery devices industry will put on most $ sales up to 2023.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Drug Delivery Devices Global Market Report 2020:
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