The market for medication delivery solutions was estimated at US$ 94.3 billion in 2021 and is anticipated to increase at a 6.8% CAGR to reach US$ 181.9 billion by the end of 2031. The medication delivery solutions market is anticipated to be dominated by South Asia on a regional scale. Due to the rising demand for drug delivery solutions during the COVID-19 epidemic, the market for drug delivery solutions in India increased by 10.6% year over year (y-o-y) in 2021. Drug delivery system sales in South Asia are anticipated to hit US$ 33.2 billion by 2031.
Future Market Insights predict a comparison and review analysis of the dynamics of the drug delivery solutions market, which is principally subjected to an array of industry factors along with a few definite influences regarding the stringent rules and regulations associated with the approval of drug delivery devices.
Some new developments that have taken place in the market include the use of anti-counterfeit and track & trace technologies to gain efficiency in the supply chain. In April 2022, Amcor plc announced to expand healthcare packaging capabilities in Europe.
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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.
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.
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.
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Key Companies Profiled
- Amcor Plc
- SCHOTT AG
- Gerresheimer AG
- Berry Global Group Inc.
- Mondi Plc
- Sealed Air Corp.
- Wipak Group
- Constantia Flexibles
- Ardagh Group SA
- Sonoco Products Company
- West Pharmaceuticals Services Inc.
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
- PE
- Glass
- Metal
- Paper
By Applications:
- Nasal
- Pulmonary
- Injectable
- Eye Care
- Dermal/ Transdermal
- Other Applications
Table of Content
1. Executive Summary
1.1. Global Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Global Market Overview
1.5. Market Characteristics & Attributes
1.6. Market Statistics
1.7. Analysis and Recommendations
1.7.1. Overall Market Approach
1.7.2. Target SegmentAbout Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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