Drug delivery market was valued at USD 1458.19 million in 2021 and is expected to reach USD 2800.61 million by 2029, registering a CAGR of 8.50% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
In recent years, the drug delivery market is anticipated to proliferate during the forecast period. According to the World Health Organization (WHO), chronic disease prevalence is expected to rise by 57% by the end of 2020, according to the World Health Organization (WHO). The desire for healthcare systems to focus more on advanced drug delivery technologies has risen rapidly in response to the rise in chronic diseases. Furthermore, there is a growing emphasis on product safety, efficacy, and patient-friendliness.
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Market Analysis and Insights: Global Drug Delivery Market:
Drug delivery introduces a therapeutic effect in a human's body by providing a drug to a certain targeted place. The safety and efficacy can be increased by adjusting the rate, time, and release of the drug in the body. Drugs can be delivered in a variety of ways, including oral, injectable, pulmonary, nasal, and other routes. The features of nanoparticles have been studied and used to develop drug delivery systems, which has made the process of drug distribution more efficient and time-saving.
Global Drug Delivery Market Scope and Market Size
Drivers
· Rise in the prevalence of chronic diseases
The rising prevalence of chronic diseases is estimated to propel the drug delivery market's growth. Sedentary lifestyles have become commonplace as a result of rapid technological adoption. Obesity rates are rising as a result of this change in lifestyle, which is leading to a slew of chronic ailments such as diabetes and heart disease.
· Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of drug delivery market is the rising healthcare expenditure which helps in improving its infrastructure.
Furthermore, rising initiatives by public and private organizations to spread awareness and technological advancement will expand the drug delivery market. Additionally, high disposable income and increasing adoption of advanced drug administration systems will result in the expansion of drug delivery market. Along with this, rising geriatric population and rising demand for biosimilars and biologics will enhance the market's growth rate.
Opportunities
· Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the drug delivery market growth. Along with this, rising drug approvals and launch of innovative products will further propel the market's growth rate.
Moreover, rising investment for the development of advanced technologies and an increase in the number of emerging markets will further provide beneficial opportunities for the growth of the drug delivery market during the forecast period.
Table of Contents: Global Drug Delivery Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Drug Delivery in Healthcare Industry
7 Global Drug Delivery Market, by Product Type
8 Global Drug Delivery Market, by Modality
9 Global Drug Delivery Market, by Type
10 Global Drug Delivery Market, by Mode
11 Global Drug Delivery Market, by End User
12 Global Drug Delivery Market, by Geography
13 Global Drug Delivery Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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