Injectable Drug Delivery Market Latest Trends, Revenue Growth Rate And Application Scope
Global Injectable Drug Delivery Market Size research report offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
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Initially, tablets, pills, or capsules were only forms of medication, but nowadays, drugs are delivered using technologically advanced and smarter systems. These systems aim at delivering drugs to the target site allowing it to be more localized that would otherwise be difficult to reach the blood system. Patients who rely on medicines daily, prefer advanced procedure over the conventional injection devices. Considering this, the rising demand for effective and convenient systems for drug delivery is thereby, posing a lucrative opportunity for the manufacturers to develop sophisticated, consumer-friendly, and effective devices. Recent developments in the needle-free injector market include pre-filled syringes, auto-injectors, pen-injectors, and wearable. Pre-filled syringes are the fastest growing segment and are anticipated to hold the highest market share by 2027. Moreover, increasing prevalence of diseases such as diabetes, cancers, autoimmune disorders, and others is likely to boost the market during the forecast period. According to Worldometer, the prevalence of coronavirus pandemic, as of June 2020 was around 1 million, thus causing high demand for conventional injections.
Drivers & Restraints
The global injectable drug delivery market size stood at USD 483.45 Billion in 2019 and is projected to reach USD 1,251.28 Billion by 2027, exhibiting at a CAGR of 12.9% in the forecast period
This study provides information about the sales and revenue during the historic and forecasted period of (2024 to 2030). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Injectable Drug Delivery Market report.
This report focuses on Injectable Drug Delivery Market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Injectable Drug Delivery Market market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.