Injectable Drug Delivery Devices Market Size Was Valued at USD 107.20 Billion in 2023, and is Projected to Reach USD 199.58 Billion by 2032, Growing at a CAGR of 7.15% From 2024-2032.
Market Overview
Increases in chronic illnesses, government backing, and technological developments are the main causes of the growth in the injectable drug delivery industry. The need for medical care and prescription drugs is rising as the global population of the elderly ages. The market for injectable drug delivery is expanding because elderly people frequently have complicated medical demands and may require injectable drugs for long-term illnesses.
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Injectable Drug Delivery Devices Market Key Players:
Pfizer Inc. (US), Merck & Co., Inc. (US), Johnson & Johnson (US), AbbVie (US), Novartis AG (Switzerland), Bristol Myers Squibb (US), Eli Lilly and Company (US), Gilead Sciences, Inc. (US), Amgen Inc. (US), Seagen Inc. (US), Celgene Corporation (US), Boehringer Ingelheim GmbH (Germany), Fresenius SE & Co. KGaA (Germany), AstraZeneca PLC (UK), Sanofi (France), GlaxoSmithKline plc (UK), Bayer AG (Germany), Shionogi & Co., Ltd. (Japan), Takeda Pharmaceutical Company Limited (Japan), WuXi AppTec Co., Ltd. (China), Roche Holding AG (Switzerland), Allergan plc (Ireland), Shire plc (Ireland), Medtronic plc (Ireland), Novo Nordisk A/S (Denmark) And Other Active Players
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Injectable Drug Delivery Devices Market Trend Analysis
Market Drivers
- In addition to increasing demand for injectable drug delivery systems, the emergence of chronic diseases like diabetes, cancer, and autoimmune disorders is also fostering a win-win situation. Treatment strategies for chronic illnesses are sometimes complex and may involve multiple medications, some of which require specific instructions for administration. For instance, several biologics used to treat autoimmune diseases degrade in the stomach, rendering oral administration useless. Pre-filled syringes and auto-injectors are examples of injectable drug delivery technologies that ensure these drugs bypass the digestive tract and reach their target sites directly.
Key Attentions of Injectable Drug Delivery Devices Market Report:
- The report offers a comprehensive and broad perspective on the global Injectable Drug Delivery Devices
- The market statistics represented in different Injectable Drug Delivery Devices segments offer a complete industry picture.
- Market growth drivers and challenges affecting the development of Injectable Drug Delivery Devicesare analyzed in detail.
- The report will help in the analysis of major competitive market scenarios, and market dynamics of Injectable Drug Delivery Devices.
Injectable Drug Delivery Devices Market Segmentation
By Administration
- Subcutaneous
- Intramuscular
- Intravenous
- Intranasal
By Technology
- Conventional syringes
- Needle-free injectors
- Pre-filled syringes
- Implantable drug delivery systems
- Microneedle patches
By Application
- Diabetes
- Pain management
- Oncology
- Autoimmune diseases
- Infectious diseases
By End users
- Hospitals
- Clinics
- Homecare settings
- Ambulatory surgical centres
Regional Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Key questions answered in the Injectable Drug Delivery Devices Market are:
- Which is the fastest growing region in the Injectable Drug Delivery Devices Market?
- What is the growth rate of the Injectable Drug Delivery Devices Market?
- What are the upcoming opportunities and trends for the Injectable Drug Delivery Devices Market?
- What segments are covered in the Injectable Drug Delivery Devices Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Injectable Drug Delivery Devices Market?
- Which are the factors expected to drive the Injectable Drug Delivery Devices Market growth?
Crucial to our report are the in-depth company profiles and competitive analysis, providing invaluable insights into market players' overview, market role, operating business segments, and financial performance. By evaluating vital metrics like production volume, sales volume, and sales margin, we establish a comprehensive understanding of their market position.
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Objectives Of The Study:
- To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC)
- To provide detailed information regarding the major factors influencing the growth of the Smart Home Solutions market (drivers, restraints, opportunities, and challenges)
- To analyze each submarket with respect to individual growth trends, prospects, and contribution to the total market
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