In addition to anti-counterfeit technologies, track and trace technologies are also gaining prominence in the drug delivery solutions market. These technologies enable pharmaceutical manufacturers to track the movement of their products throughout the supply chain, ensuring transparency and reducing the risk of counterfeiting. By implementing track and trace technologies, manufacturers can have better control over their inventory, reduce the incidence of product recalls, and improve overall supply chain efficiency.
Furthermore, the expanding healthcare industry is driving the demand for drug delivery solutions. With the growing prevalence of chronic diseases and the need for personalized medicine, there is an increasing demand for innovative drug delivery systems that can improve patient outcomes and enhance the efficacy of therapies. Advanced drug delivery solutions such as targeted drug delivery systems, implantable devices, and inhalation systems are gaining traction in the market.
The rising need to address complex supply chain issues and ensure the quality and authenticity of pharmaceutical products has led to significant investments in research and development activities by key players in the industry. These investments aim to develop cost-effective and efficient drug delivery solutions that meet the evolving needs of pharmaceutical manufacturers and provide value to consumers.
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In conclusion, the drug delivery solutions market is witnessing growth due to factors such as the expansion of the healthcare industry, the need to combat counterfeiting practices, and the demand for innovative and cost-effective solutions. Anti-counterfeit and track and trace technologies are playing a crucial role in addressing these challenges and driving market growth.
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.
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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.
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
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By Applications:
- Nasal
- Pulmonary
- Injectable
- Eye Care
- Dermal/ Transdermal
- Other Applications
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