Global Pharmaceutical Drug Delivery Market Size, Share, and COVID-19 Impact Analysis, By Route of Administration (Oral Drug Delivery, Topical Drug Delivery, Pulmonary Drug Delivery, Injectable Drug Delivery, Nasal Drug Delivery & Others), By Application (Infectious Diseases, Oncology, Ophthalmology, Urology, Diabetes, Central Nervous System Diseases, Cardiovascular Diseases, Respiratory Diseases & Others.) By End User (Hospitals, Clinics) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Industry: Healthcare

RELEASE DATE Feb 2024
REPORT ID SI3703
PAGES 200
REPORT FORMAT PathSoft

Global Pharmaceutical Drug Delivery Market Insights Forecasts to 2033.

  • The Global Pharmaceutical Drug Delivery Market Size was Valued at USD 1,488.72 Billion in 2023.
  • The Market Size is Growing at a CAGR of 4.60% from 2023 to 2033.
  • The Worldwide Pharmaceutical Drug Delivery Market Size is Expected to Reach USD 2,334.27 Billion by 2033.
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

 

Global Pharmaceutical Drug Delivery Market

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The Global Pharmaceutical Drug Delivery Market Size is Anticipated to Exceed USD 2,334.27 Billion by 2033, Growing at a CAGR of 4.60% from 2023 to 2033.

 

Market Overview

A pharmaceutical drug delivery (DDS) is a devices or formulation used to administer a therapeutic or chemical substance into the body in other word it is the technology which used to reaches the drug to site of action for absorption of drug. This system work by delivering the therapeutics to targeting specific parts of which are controlled by the specific kind of the chemical triggers. Basically, the pharmaceutical drug delivery (DDS) is used to improve the safety and efficacy of a drug by controlling the rate and site of release of drug in the body. Furthermore, the pharmaceutical drug delivery (DDS) is helps in improve the bioavailability and to enhance patient compliance. Drug delivery systems are introduced into the body through various routes, including oral, pulmonary, injectable, and nasal delivery. This drug delivery helps in precise and controlled administration of drugs to achieve the desired therapeutic effect by understanding patient safety and convenience. The major driving factors of pharmaceutical drug delivery are the include the sudden awareness of using pharmaceutical drug delivery system. Other factors such rise in healthcare expenditure are also fueling the pharmaceutical drug delivery market. 

 

Report Coverage

This research report categorizes the market for the global pharmaceutical drug delivery market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global pharmaceutical drug delivery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global pharmaceutical drug delivery market.

 

Global Pharmaceutical Drug Delivery Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 1,488.72 Billion
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:4.60%
2033 Value Projection:USD 2,334.27 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Route of Administration, By Application, By End User, By Region and COVID-19 Impact Analysis.
Companies Covered:Adare Pharmaceuticals., Orbis Biosciences, Inc., Merck and Co., Inc., Alkermes plc, Johnson and Johnson, Coating Place, Inc., Corium International, Inc., Depomed, Inc., Pfizer, Inc, Aradigm Corporation, Capsugel. and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The global pharmaceutical drug delivery market is driven by various factors, such as the increased prevalence of chronic diseases, including diabetes, respiratory diseases, cancer, and cardiovascular diseases. According to the World Health Organization (WHO), chronic diseases kill 41 million people worldwide, which accounts for 74% of all deaths globally. The main types of chronic diseases, such as heart attacks, cancer, chronic respiratory diseases, and diabetes, are responsible for the deaths. These diseases account for 80% of all chronic disease deaths. Moreover, continuous advancements in the field of the pharmaceutical drug delivery system are fueling the growth of the pharmaceutical drug delivery system. For instance, liposomal drug delivery systems, such as Doxil, are successfully utilized for the treatment of cancer, which basically work on improving effectiveness and reducing side effects. The growth of advanced drugs like these is helping with the better treatment and management of chronic diseases, which ultimately accelerates global pharmaceutical drug delivery market growth.

 

Restraining Factors

The strict regulations for drug approval and safety are retraining the growth of the pharmaceutical drug delivery market. Meeting the needs of regulatory bodies is time-consuming and costly as it affects the global pharmaceutical drug delivery market. Furthermore, development, manufacturing, research, technology, and infrastructure require high funding. This results in limiting the accessibility and availability of these products, which restrains the market.

 

Market Segmentation

The Global Pharmaceutical Drug Delivery Market share is classified into administration, application, end user     

 

  • The injectable drug delivery segment is expected to hold the largest share of the global pharmaceutical drug delivery market during the forecast period

Based on the by route of administration, the global pharmaceutical drug delivery market is divided into oral drug delivery, topical drug delivery, pulmonary drug delivery, injectable drug delivery, nasal drug delivery, and others. Among these, the injectable drug delivery segment is expected to hold the largest share of the global pharmaceutical drug delivery market during the forecast period. Injectable drug delivery is one of the most effective drug deliveries to achieve greater efficacy at a targeted site. The injections are helpful in the administration of drugs, vaccines, or any other therapeutics. This is linked to a rise in the use of injectable medication administration because of its quick start of action, precise drug delivery, and strong preference for emergency use.

 

  • The central nervous system diseases segment is expected to grow at the fastest pace in the global pharmaceutical drug delivery market during the forecast period.

Based on the application, the global pharmaceutical drug delivery market is divided into infectious diseases, oncology, ophthalmology, urology, diabetes, central nervous system diseases, cardiovascular diseases, respiratory diseases, and others. Among these, the central nervous system diseases segment is expected to grow at the fastest pace in the global pharmaceutical drug delivery market during the forecast period. The increasing prevalence of neurological disorders like Parkinson's disease, Alzheimer's disease, Hunter's syndrome, and brain tumors is anticipated to fuel the segment's expansion. New drug delivery devices for the central nervous system are therefore being developed in order to improve the treatment of various neurological diseases.

 

  • The hospital segment is expected to grow at the fastest pace in the global pharmaceutical drug delivery market during the forecast period.

Based on the end user, the global pharmaceutical drug delivery market is divided into hospitals and clinics. Among these, the hospital segment is expected to grow at the fastest pace in the global pharmaceutical drug delivery market during the forecast period. The hospitals segment held a substantial revenue share in 2023, mostly due to the rising costs associated with providing accurate diagnosis, treatment, and better patient care in hospitals. Hospitals also possess the skilled personnel and solid financial resources needed to buy expensive medical equipment.

 

Regional Segment Analysis of the Global Pharmaceutical Drug Delivery Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global pharmaceutical drug delivery market over the predicted timeframe.

 

Global Pharmaceutical Drug Delivery Market

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North America is anticipated to hold the largest share of the global pharmaceutical drug delivery market over the predicted timeframe. Growing investments in R&D and supportive government initiatives for the development of controlled-release medication delivery are anticipated to drive the growth of the regional market. Aside from this, the use of controlled-release medication delivery systems is encouraged by the existence of significant market participants. The market is growing because chronic diseases, including diabetes, cancer, and heart problems, are becoming more common. One of the main factors driving the expansion of the regional market is the increasing use of controlled-release medication delivery systems for the treatment of hypertension. Factors driving the expansion of the regional market include the increasing use of controlled-release medication delivery systems for the treatment of hypertension.

 

Asia Pacific is expected to grow at the fastest pace in the global pharmaceutical drug delivery market during the forecast period. The rising incidence of cancer and more public knowledge of cancer treatments are to blame for this region's market expansion. With a huge population, the Asia-Pacific area has seen an increase in cancer prevalence in recent years due to environmental causes, changing lifestyles, and aging populations. As a result, there are now more patients receiving treatment, which raises the need for the distribution of pharmaceutical drugs.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pharmaceutical drug delivery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Adare Pharmaceuticals.
  • Orbis Biosciences, Inc.
  • Merck and Co., Inc.
  • Alkermes plc
  • Johnson and Johnson
  • Coating Place, Inc.
  • Corium International, Inc.
  • Depomed, Inc.
  • Pfizer, Inc
  • Aradigm Corporation
  • Capsugel.
  • Others.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In October 2023, According to reports, pharmaceutical company Merck opens new tab would pay Daiichi Sankyo $5.5 billion to collaborate on the development of three of its candidate cancer medications. Depending on the success of the cell-targeting therapies, the agreement may be worth up to $22 billion to the Japanese company.

 

  • In November 2022, Alkermes plc has been approved by its Board of Directors to separate its neuroscience and oncology businesses, with the aim of creating an independent publicly-traded company, Oncology Co.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global pharmaceutical drug delivery Market based on the below-mentioned segments: 

 

Global Pharmaceutical Drug Delivery Market, By Route of Administration

  • Oral Drug Delivery
  • Topical Drug Delivery
  • Pulmonary Drug Delivery
  • Injectable Drug Delivery
  • Nasal Drug Delivery
  • Others.

 

Global Pharmaceutical Drug Delivery Market, By Application

  • Infectious Diseases
  • Oncology
  • Ophthalmology
  • Urology
  • Respiratory Diseases
  • Central Nervous System
  • Others

 

Global Pharmaceutical Drug Delivery Market, By End User

  • Hospitals
  • Clinics

 

Global Pharmaceutical Drug Delivery Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the total value of pharmaceutical drug delivery market in 2023?
    The total value of pharmaceutical drug delivery market is USD 1,488.72 Billion in 2023.
  • 2 Which is the largest regional market for pharmaceutical drug delivery?
    North America is the largest regional market for pharmaceutical drug delivery due to strong presence of market key players and increase in prevalence of various chronic diseases.
  • 3 What is the estimated industry size of pharmaceutical drug delivery?
    The pharmaceutical drug delivery market is estimated to reach 2,334.27 Billion by 2033.

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