Global Injectable Drug Delivery Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Injectable drug delivery allows the rapid transport of drugs formulated in liquid form into the body by bypassing first-pass metabolism. It also aids in administering drugs in unconscious and comatose patients. Injectable drug delivery systems are used in certain conditions like hormonal imbalance, cystic fibrosis, Wilson’s disease, haemophilia, and ribose-5-phosphate immersion deficiency. This system of drug delivery is broadly accepted due to its faster onset of action and greater efficacy. Toxicity due to incorrect dosing, invasive, and sterility are some of the disadvantages of injectable drug delivery systems. The global injectable drug delivery market is accounted approximate USD 497.2 billion in 2020 and it is expected to reach approximate USD 1437.3 billion by 2030 with a CAGR of 11.2% during forecast period.
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Market Dynamics and Factors:
The rising prevalence of disorders like diabetes and cancer due to factors such as growing geriatric population, unhealthy eating habits, and inactive lifestyles are the major reasons attributing to the growth globally. For instance, the World Cancer Research Fund found that the number of new cancer cases reported in 2018 was 17036901 approximately. The treatment of cancer requires regular intake of drugs which is mainly accomplished through injections. The growing prevalence of diabetes has increased the demand for self-injection devices which are used for the intake of insulin and thus fuelling the market growth. However, certain restraining factors like injuries and infections while usage, and product recalls may hinder the market growth of injectable drug delivery systems in the future. Moreover, technological advancements in nanotechnology may create further growth opportunities for the market in the coming future.
Market Segmentation:
Global Injectable Drug Delivery Market – By Type
Injectable Drug Delivery Devices
Injectable Drug Delivery Formulations
Global Injectable Drug Delivery Market – By Application
Autoimmune Diseases
Oncology Disorders
Hormonal Disorders
Diabetes
Hepatitis
Cardiovascular Disease
Others
Global Injectable Drug Delivery Market – By End-User
Hospitals
Clinics
Ambulatory Care
Home Care
Others
Global Injectable Drug Delivery Market – By Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
Direct Tenders
Others
Global Injectable Drug Delivery Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the market in terms of market share during the forecast period. The existence of a large geriatric population; rising incidences of diabetes; higher adoption of innovative injectable drug delivery technologies among the patients; and the presence of a large pool of key players in the region are the major factors responsible for North America’s market dominance in the injectable drug delivery market. For instance, the National Cancer Institute in 2018 found around 17335350 cases of cancer in the U.S. The Asia Pacific region is anticipated to witness high growth rate during the forecast period. Growing awareness about injectable drug delivery systems, huge patient pool, improving healthcare facilities, and growing medical tourism in the APAC region are the major factors attributing towards the market growth.
Competitive Scenario:
The key players operating in the global market are –
Baxter International Inc., Sanofi, Eli Lilly and Company, Beckton Dickson and Company, Pfizer, Novartis AG, Teva Pharmaceutical Industries Ltd., Schott AG, Nova Nordisk A/S, Gerresheimer AG, Unilife Corporation.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Injectable Drug Delivery industry, although key threats, opportunities and disruptive technologies that could shape the Global Injectable Drug Delivery Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Injectable Drug Delivery Market most.
The data analysis present in the Global Injectable Drug Delivery Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Injectable Drug Delivery Market business.
The 2021 Annual Global Injectable Drug Delivery Market offers:
100+ charts exploring and analysing the Global Injectable Drug Delivery Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Injectable Drug Delivery Market type
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