Evolution of drug delivery systems market and future scope

Kenneth Research published a report titled “Drug Delivery Systems Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global drug delivery systems in terms of market segmentation by type, device type, indication, distribution channel, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

On the basis of indication, market is segmented into diabetes, cardiovascular diseases, multiple sclerosis and asthma & COPD. The diabetes segment is to garner a highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period i.e. 2023-2033. Increase in number of diabetic patient and propelled demand of insulin treatment. The global drug delivery systems market is expected to grow at a CAGR of approximately 10% over the forecast period.

The global drug delivery systems market is expected to grow accelerated COVID-19 vaccination drive, increased prevalence of chronic disease, innovation of new products, increased mergers and acquisition and growing popularity of digital drug delivery.

On the basis of region, market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market is North America is to generate the highest revenue by the end of 2033. This growth is attributed to higher number of people in the line of COVID-9 vaccination and rise in number of patients of chronic disease.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Worldwide Rapid Covid-19 Vaccination Drive to Propel the Market Growth

The Covid-19 vaccination has increased the market opportunities for drug delivery systems. The increased demand for syringes boosted the production of injectable drug delivery systems. According to Our World in Data statistics, 3.87 million vaccinations are performed globally every day, with 12.69 billion doses administered globally.

However, concern of negative impact of drug and data theft, strict mandates for the approval of new product and lack of customer conviction for using needles and syringes are the few factors which are expected to operate as key restraint to the growth of the global drug delivery systems market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global drug delivery systems market which includes company profiling of BD (Becton, Dickinson and Company), Gerreshelmer AG, Baxter, Nemara, Kindeva Drug Delivery, West Pharmaceutical Services Inc., Ypsomed, Medtronic, E3D Elcam Drug Delivery Devices, AstraZeneca, Merck KGaA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global drug delivery systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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