According to a new market report published by Lucintel, the future of the injectable drug delivery market looks promising with opportunities in the hospitals, clinics, and home care. The global injectable drug delivery market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are rising prevalence of chronic diseases, increase in demand for self-injection devices, growth in the biologics market, and technological advancements.
In this market, devices and formulations are the major product segment. Formulation segment is further segmented into novel drug delivery formulations and conventional drug delivery formulations. The device segment is sub-segmented into self injection devices and conventional injection devices. On the basis of comprehensive research, Lucintel forecasts that the formulation is expected to witness highest growth over the forecast period due to growing prevalence of chronic diseases, patient adherence, and the rising adoption of self-injection, new technologies, and biologics.
Within this industry, autoimmune diseases, hormonal disorders, orphan diseases and cancer are the major applications of the global injectable drug delivery market. Cancer segment is expected to witness highest growth in the forecast period.
North America will remain the largest market over the forecast period due to increasing prevalence of chronic diseases, growing adoption of self-injectable devices, and rising FDA approvals.
Becton, Dickinson and Company, Baxter International, Pfizer, Gerresheimer, Schott, Eli Lilly and Company, and Terumo are among the major manufacturers of injectable drug delivery market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global injectable drug delivery market by product type, formulation packaging, therapeutic application, usage pattern, site of administration, distribution channel, facility of use, and region. Lucintel has prepared a comprehensive research report entitled "Global Injectable Drug Delivery Market 2019-2024: Trends, Forecast, and Opportunity Analysis" This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global injectable drug delivery market by product type, formulation packaging, therapeutic application, usage pattern, site of administration, distribution channel, facility of use, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
By Formulation Packaging [$M shipment analysis for 2013 – 2024]:
Ampules
Vials
Cartridges
Bottles
By Therapeutic Application [$M shipment analysis for 2013 – 2024]:
Auto-immune diseases
Hormonal Disorders
Orphan Diseases
Oncology
Others
By Usage Pattern [$M shipment analysis for 2013 – 2024]:
Curative Care
Immunization
Other Usage Pattern
By Site of Administration [$M shipment analysis for 2013 – 2024]:
Skin
Circulatory/Musculoskeletal
Organs
Central Nervous System
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
Hospitals
Retail Pharmacy Stores
By Facility of Use [$M shipment analysis for 2013 – 2024]:
Hospitals and Clinics
Home Care Settings
Other Facilities of Use
By Region [$M shipment analysis for 2013 – 2024]:
United States
Canada
Mexico
United kingdom
Germany
France
Italy
Spain
This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
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