Drug Delivery Solutions Market Current and Future Trends, Leading Players and Regional Forecast By 2031

The worldwide drug delivery solutions market size was esteemed at US$ 94.3 Bn in 2021 and is projected to arrive at US$ 181.9 Bn toward the finish of 2031, displaying development at 6.8% CAGR somewhere in the range of 2021 and 2031.

As per the study, the healthcare industry witnessed a major decline over the past few years as pharmaceutical products are recalled for various quality errors arising out of complex supply chain issues.

Expansion of healthcare industry and need for solutions to control the loss in financials caused due to counterfeiting practices is propelling the demand in the drug delivery solutions market, finds Future Market Insights.

Hence, pharmaceutical product manufacturers are increasingly facing the challenge of maintaining cost levels while investing in advance solutions such as anti-counterfeit and track and trace technologies.

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Subsequently, key players are continuously innovating their product development activities to come up with solutions that allow pharmaceutical manufacturers to save cost while also deliver value to consumers and end-users.

Solutions such as embedding repeated watermarks in flexible composite structures or multi-layer rigid packaging formats allow manufacturers to prevent anti-counterfeiting of pharmaceutical products.

Anti-counterfeit technology embedded in packaging maintains the integrity of packaging as well as pharmaceutical products throughout complex supply chains. Hence, manufacturers in pharmaceutical industry are increasingly demanding packaging solutions that have a cost-effective anti-counterfeit solutions.

Temperature and Moisture Control Pharmaceutical Packaging to Assert Dominance

Biopharmaceutical industry faced losses of approximately US$ 35 billion due to temperature abuse in 2019. To maintain the stability and extend shelf-life of pharmaceutical products, extremely protective and active packaging are introduced by manufacturers.

High-quality, temperature and odor controlled, stabilizers, and moisture scavenging packaging is gaining immense popularity among pharmaceutical and healthcare solution providers. Manufacturing of embedded pharmaceutical packaging formats such as vials and ampoules, prefilled syringe and cartridges among others are expected to increase the demand for drug delivery solutions.

Key Takeaways

  • In terms of product, bottles segment is expected to hold over 2/5th of the global market share in 2021.
  • Vials and ampoules are expected to exhibit growth at a CAGR of 9.3% during the forecast period.
  • Based on material, metal drug delivery solutions are expected to increase by 2.1x during assessment period.
  • Injectable application is expected to generate incremental opportunity of US$ 30.8 Bn during the projection period of 2021-2031.
  • Regionally, Europe is expected to account for over 24% of the total market value in 2021.

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“Innovative packaging designs made from newer materials is expected to push sales of drug delivery solutions globally. In order to carve a niche, manufacturers are providing advanced packaging solutions. This is expected to boost the demand in drug delivery solutions market,”  says a FMI analyst.

Plastic is a Blessing in Disguise for Drug Delivery Solutions Market

Glass has been traditionally used in the manufacture of pharmaceutical packaging solutions, including bottles, ampoules, and vials.

However, there has been a gradual adoption of plastic as an alternative material solution and introduction of blow fill seal (BFS) technology. In order to capitalize on this trend, major drug delivery solution producers are providing plastic packaging solutions.

The delicate and heavy weight characteristics of the glass makes a challenge in the transport and shipping of the products in a long and complex supply chain in the pharmaceutical industry. Therefore, glass pharmaceutical packaging products are mostly being fill-in by packaging products made of plastics, including PET, HDPE, LDPE, PVC, and PP.

Plastics are cost-effective and easy to procure, to apply across product ranges, and convenient to transport. Plastic pharmaceutical packaging offers cost savings to stakeholders across the value chain, including manufacturers, wholesalers, suppliers, and end-users.

Plastics have also allowed fast-paced advancement in technology, including injection blow-molding, extrusion blow-molding, and 3-D design software for design improvement. Hence, manufacturers are extensively using plastic for drug delivery solutions.

Competitive Landscape

Companies operating in the drug delivery solutions market are aiming at expansions and strategic partnerships with other manufacturers to expand their product manufacturing capabilities and strengthen their global footprints.

For instance,

  • In November 2021, Schott AG received funding from the German Federal Ministry for the Environment (BMU) to develop climate-friendly glass production and reduce carbon emissions.
  • Becton, Dickinson and Company, in November 2021, had the opening ceremony of its high-tech manufacturing facility in Zaragoza, Spain, for supporting the growth of pre-filled drug delivery systems.
  • In 2021, Gerresheimer AG announced a strategic partnership with Midas Pharma for the development and marketing of its own IP autoinjector.
  • In October 2021, West Pharmaceutical Services, Inc. launched a new Vialg2Bag Advanced 20 mm admixture device designed specially to maximize the benefits of point-of-care nursing.
  • In August 2021, Ardagh Group S.A. announced the complete acquisition of Gores Holdings V, Inc. under a special purpose acquisition agreement with The Gores Group.

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Drug Delivery Solutions Market By Category

By Product Type:

  • Bottles
    • Packer Bottles
    • Liquid Bottles
  • Vials & Ampoules
  • Blisters
  • Bags & Pouches
  • Prefilled Syringes & Cartridges
  • Sachets
  • Trays
  • Tubes
  • Caps & Closures
  • Container, Jars & Others

By Material:

  • Plastics
    • PE
      • LDPE
      • HDPE
    • PVC
    • PP
    • PS
    • PET
    • Others
  • Glass
  • Metal
  • Paper

By Applications:

  • Nasal
  • Pulmonary
  • Injectable
  • Eye Care
  • Dermal/ Transdermal
  • Other Applications

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Related Links –

https://community-specialists.tribe.so/post/packing-paper-market-current-scenario-trends-comprehensive-analysis-and-reg–62bc478577a5022952b4fd46

https://speaknow.tribe.so/post/packing-paper-market—latest-research-industry-analysis-driver-trends-busi–62bc478672c49c293db5b03c

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