The global drug delivery solutions market is experiencing significant growth, with a projected value of US$181.9 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% between 2021 and 2031. This growth is driven by the expansion of the healthcare industry and the need for solutions to combat counterfeiting practices, as reported by Future Market Insights.
In recent years, the healthcare industry has faced challenges and witnessed a decline due to quality errors and complex supply chain issues leading to the recall of pharmaceutical products. To address these issues, pharmaceutical product manufacturers are seeking solutions that can control costs while investing in advanced technologies like anti-counterfeit and track-and-trace systems.
To meet this demand, key players in the industry are continuously innovating their product development activities. They are focusing on creating solutions that not only help pharmaceutical manufacturers reduce costs but also deliver value to consumers and end-users.
One such solution is the embedding of repeated watermarks in flexible composite structures or multi-layer rigid packaging formats. These technologies help prevent the counterfeiting of pharmaceutical products and ensure the integrity of both the packaging and the products throughout the complex supply chain.
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The implementation of anti-counterfeit technology in packaging plays a vital role in maintaining the authenticity and safety of pharmaceutical products. As a result, pharmaceutical manufacturers are increasingly seeking packaging solutions that offer cost-effective anti-counterfeit features.
In summary, the demand for drug delivery solutions is growing due to the expansion of the healthcare industry and the need to combat counterfeiting practices. Manufacturers are investing in innovative packaging solutions that not only control costs but also provide effective anti-counterfeit measures to ensure the integrity and safety of pharmaceutical products throughout the supply chain.
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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Country-wise Insights
- India is expected to be the largest shareholder, contributing over 41% in the South Asia drug delivery solutions market by the end of 2031. Penetration of the advance healthcare facilities and cost-effective manufacturing will create conducive environment for drug delivery solutions market in India.
- Future Market Insights opines, Japan is one of the key producers of drug delivery solutions in East-Asia, surpassing US$ 11.9 Bn by the end of 2031. Key players in Japan are majorly focused on developing a safe product for end users.
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.
- 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
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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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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