The report published by Absolute Markets Insights "Global Novel Drug Delivery Systems Market By Carrier Type, By Route Of Administration, By End-Users, By Type By Application, By Region - Global Forecast to 2029" is projected to grow at a CAGR of 8.12% during the forecast period (2021 – 2029).
The growth of the global novel drug delivery systems market is driven by a rising demand for optimization of drug delivery in humans and animals, coupled with the rapid progress in manufacturing technology that promotes guided delivery of medicines for a variety of health conditions. However, complexities associated with the development of novel drug delivery systems, along with the higher investment requirements, can impede the growth of the market.
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The research report on Global Novel Drug Delivery Systems Market will include extensive information based on the following pointers:
- Global Market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2019 has been considered as historic years, 2020 as the base year, while 2021 to 2029 has been considered as the forecast period.
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Market Determinants and Influencing Factors
- Macro-Economic and Micro-Economic Indicators
- Market Dynamics
- Trends on Global Novel Drug Delivery Systems Market
- Exclusive Details on the Effect of the Pandemic
- Porter’s Five Forces Analysis
- Competitor Landscape
- Product Benchmarking
- Market Share Analysis, 2020
- Global Presence and Growth Strategies
- The final report will include competitive product benchmarking which will include comparison of different products offered by different market participants on the basis of their features and capabilities that will help you to understand their market offerings. Furthermore, for each company, we will provide information regarding company details, company overview, product offerings, key developments, financial analysis, and SWOT analysis and business strategies.
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Enormous Growth Opportunities of Global Novel Drug Delivery Systems Market
The virus is constantly mutating, and new variants have emerged in countries like Israel, France, South Africa, amongst others. This has created additional burdens on the healthcare facilities, as the number of individuals affected by the virus are on the rise. Advanced drug delivery methods are increasing in demand in this pandemic situation, as medical professionals and researchers are working on the development of novel drug delivery systems that can delivery medicine directly to the intended organs, thereby increasing the chances of survival of patients. Coronavirus usually affects the respiratory systems, and drug delivery with the help of micro carriers is being increasingly sought for the delivery of medicine to the lungs. Hence, the pandemic is providing additional growth opportunities for the market participants in the global novel drug delivery systems market, and the market revenue is expected to see a rampant demand in the next decade.
By Type, Targeted Drug Delivery Accounted for the Highest Market Share in the Global Novel Drug Delivery Systems Market in 2020
Targeted drug delivery systems help in the controlled delivery of drugs at the specified location, which in turn helps in reducing the side effects and increases the absorption of these drugs. Targeted drug delivery is gaining traction, especially for cancer-related treatments. Companies are working on the development of programmable drug delivery modules. In 2020, targeted drug delivery accounted for the highest revenue share in the global novel drug delivery systems market.
By Region, the Asia Pacific Region Is Expected to Show the Higher Growth Rate During the Forecast Years, Driven by the Rise in Adoption and Awareness about Novel Drug Delivery Systems
The Asia Pacific region is seeing an influx of investments in the healthcare and pharmaceutical sector, driven by government policies that promote the same, coupled with the growth in population that is increasing the demand for quality healthcare facilities. In China, for instance, local manufacturing of novel drug delivery systems in being increasingly promoted to make the country self-sufficient, and facilitate exports. The region also has a rising number of geriatric population, and targeted drug delivery systems that can enhance absorption of medicine for this segment is gaining popularity. Furthermore, researchers are increasingly working on the development of targeted drug delivery systems that can incorporate the scope of traditional Chinese medicines. Traditional medicine is a huge part of Chinese culture, and individuals are increasingly relying on them for the treatment of an array of illnesses, including hypertension. Such developments are also being seen in India and Japan, though on a smaller scale. The government bodies in India are increasingly looking at methods to increase the absorption of traditional medicinal herbs through the use of novel medicine delivery systems. These factors are expected to spearhead the growth of the Asia Pacific novel drug delivery systems market during the forecast years, and help the region emerge as a prominent market as far as the global regions are concerned.
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The key players operating in the Global Novel Drug Delivery Systems Market:
- Bayer AG
- Becton, Dickinson and Company
- BoehringerIngelheim International GmbH
- Enable Injections
- GlaxoSmithKline plc.
- Insulet Corporation
- Johnson & Johnson Services, Inc.
- KINDEVA DRUG DELIVERY
- Koninklijke Philips N.V.
- Lonza Group Ltd.
- Merck KGaA
- Novartis International AG
- Rapid Dose Therapeutics Inc.
- West Pharmaceutical Services, Inc.
- Other Market Participants
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Global Novel Drug Delivery Systems Market
By Carrier Type
By Route of Administration
- Skin Absorption
- Pulmonary Route
- Targeted Drug Delivery
- Controlled Drug Delivery
- Modulated Drug Delivery
- Research Institutions
- Healthcare Facilities
- Speciality Clinics
- Pharmaceutical Companies
- Geriatric Care Centres
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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