The drug delivery solutions market 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.
It is projected that the market for drug delivery solutions would grow significantly during the coming years. This growth is influenced by a number of factors, including the rising prevalence of chronic diseases, the growing need for targeted and individualised therapies, and the growing use of biologics and biosimilars.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14241
The rising use of innovative drug delivery technologies, such as nanotechnology, liposomes, and polymeric nanoparticles, is one of the major trends in the market for drug delivery solutions. With the use of these technologies, medications can be delivered specifically to certain cells and tissues, enhancing their effectiveness and lowering their negative effects. In addition, the application of these technologies can aid in overcoming difficulties posed by the delivery of big molecules like proteins and nucleic acids.
The growing usage of biosimilars is another trend in the market for medication delivery solutions. Biosimilars are very similar replicas of biological medications that have received regulatory approval. These medications can be used as less expensive substitutes for name-brand biologics, increasing patient access to these medications.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14241
The oral, parenteral, and other routes of administration are the segments used to categorise the global market for drug delivery solutions. Because oral medications are so convenient and simple to administer, the oral drug delivery sector is anticipated to account for the biggest market share.
Application-based market segmentation comprises oncology, diabetes, cardiovascular disorders, and other conditions. Due to the rising incidence of cancer and the expanding usage of targeted cancer medicines, the oncology application category is anticipated to represent the greatest share of the market.
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/14241
Geographically, North America dominates the drug delivery solutions market, due to the presence of a large number of pharmaceutical and biotechnology companies in the region. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period, due to the increasing prevalence of chronic diseases, the growing healthcare infrastructure, and the rising disposable income in the region.
Overall, the global drug delivery solutions market is expected to experience significant growth in the coming years, driven by the increasing prevalence of chronic diseases, the growing demand for targeted and personalized medicine, and the increasing use of biologics and biosimilars.
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.
Key Players:
- Amcor Plc
- SCHOTT AG
- Gerresheimer AG
- Berry Global Group Inc.
- Mondi Plc
- Sealed Air Corp.
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse all Reports: https://www.futuremarketinsights.com/reports