Europe Drug delivery market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.2% in the forecast period of 2020 to 2027 and is expected to reach USD 657.61 billion by 2027. Rising prevalence of chronic disease and non-chronic disease and growth in the development of biologics around the globe is a driving factor for the market growth.
The process of introducing a therapeutic effect in the body of human by administering a drug at a specific targeted site is known as drug delivery. By controlling the rate, time and release of drug in the body, the safety and efficacy of drug can be improved. There can be many ways of delivering drugs like, oral, injectable, pulmonary, nasal and others. The drug delivery systems are made advanced by studying and exploiting the properties of nanoparticles, which have made the process of drug delivery more efficient and time saving.
Drug delivery market has increased with technological development and the growth in the development of biologics in the developed as well as developing countries. For instance, there were many advances in the nasal route of drug delivery also, like the FDA approval given to XHANCE in 2017 which is a nasal spray which works on the mechanism of bi-directional exhalation delivery systems (EDS).
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Market Analysis and Insights: Europe Drug Delivery Market:
Increasing awareness about diagnosis and treatment has increased the market for drug delivery devices as people prefer early diagnosis and on time treatment and rising acceptance of self-administering drugs has driven the market for drug delivery devices. Currently, various therapeutic advancements are taking place which is anticipated to create a competitive advantage for manufacturers to create novel and inventive drug delivery devices and are expected to offer various other opportunities in the drug delivery market.
Europe Drug Delivery Market Scope and Market Size
Drug delivery market is segmented on the basis of product type, end user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of product type, the market is segmented into oral drug delivery, pulmonary drug delivery, injectable drug delivery, opthalmic drug delivery, nasal drug delivery, topical drug delivery, implantable drug delivery and transmucosal drug delivery. In 2020, oral drug delivery segment is expected to dominate the market due to the high reception of oral drug delivery route of administration by the patients as it is one of the humblest, convenient, and harmless routes for drug administration.
· On the basis of end user, the market is segmented into hospitals, community healthcare, home healthcare, clinics and others. In 2020, hospitals segment is expected to dominate the market as hospitals are the first contact points for various types of treatments and surgical procedures, also the needs of all the in-house patients are catered.
Table of Contents: Europe Drug Delivery Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Europe Drug Delivery in Healthcare Industry
7 Europe Drug Delivery Market, by Product Type
8 Europe Drug Delivery Market, by Modality
9 Europe Drug Delivery Market, by Type
10 Europe Drug Delivery Market, by Mode
11 Europe Drug Delivery Market, by End User
12 Europe Drug Delivery Market, by Geography
13 Europe Drug Delivery Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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