Latest Report on the Global Injectable Drug Delivery Market
MRRSE recently published a market study that offers critical insights related to the growth prospects of the Injectable Drug Delivery market during the forecast period (2019-2029). The report takes into account the historical and current market trends to evaluate the top factors that are likely to influence the growth of the market in the upcoming years.
As per the report, the Injectable Drug Delivery market is poised to grow at a CAGR of ~XX% during the assessment period primarily driven by a growing focus on product innovation, a surge in demand for the Injectable Drug Delivery in the developed regions, and potential opportunities in the developing regions.
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The presented market study bifurcates the global Injectable Drug Delivery market on the basis of geography, applications, and end-use industries.
The region-wise assessment of the Injectable Drug Delivery market provides an in-depth understanding of the market dynamics in each region and various factors that are likely to impact market growth.
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The competitive outlook section touches upon the business prospects of some of the most established market players in the Injectable Drug Delivery market. The company profiles of each company are included in the report along with data including revenue growth, production capacity, domestic and regional presence, product portfolio, and more.
The global injectable drug delivery market is expected to be driven by increasing prevalence of chronic diseases such as diabetes and cancer. According to the WHO, cancer is the leading cause of deaths across the globe. In 2015, cancer was responsible for nearly 8.8 million deaths worldwide. According to the National Cancer Institute, an estimated 1,735,350 new cases of cancer are expected to be diagnosed in the U.S. in 2018. Furthermore, most of the injectable drug delivery devices find wide application in the treatment of diabetes. Since diabetic patients are prescribed with insulin, they require regular injection of insulin. However, the risk of needle stick injuries is a growing concern. Thus, wearable insulin pumps and other injectable drug delivery devices are the preferred option for diabetic patients, since these devices have fine needles, which reduce the likelihood of injuries.
The global market for injectable drug delivery is segmented in to seven key regions viz. North America, Eastern Europe, Western Europe, Latin America, Asia Pacific except Japan (APEJ), Japan and the Middle East and Africa (MEA). North America injectable drug delivery market accounted a significant share of the global market in 2017, followed by Western Europe and Asia Pacific. The North America & Western Europe injectable drug delivery market is foreseen to lose its share to Asia Pacific, partly due to growing adoption and expansion of current manufacturers of injectable drug delivery. Thus, the injectable drug delivery market in Asia Pacific is expected to have strong growth during the forecast period. Furthermore, China, being one of the most populated regions in the world, has high aged population and the number is growing steadily. The increasing ageing population in the region is consequently expected to drive the growth of the injectable drug delivery market in the Asia Pacific region.
The key players identified in the global injectable drug delivery market can be classified based on the type of product they offer. Examples of some the key players manufacturing self-injector type of injectable drug delivery are Amgen, Medtronic Plc, Dexcom, West Pharmaceutical Services, and Consort Medical (Bespak), among others. The key players manufacturing needle-free type of injectable drug delivery are Crossject, Endo International Plc, and Penjet Corporation, among others. The key players manufacturing auto-injector type of injectable drug delivery are Amgen, Antares Pharma, Becton, and Dickinson and Company, Mylan, and SHL Group, among others.
Essential findings of the report:
- Effective and impactful marketing strategies adopted by market players
- Region and country-wise assessment of the different market segments
- Growth opportunities for new market players in different regions
- Y-o-Y growth of the global Injectable Drug Delivery market over the forecast period
- Key developments in the current Injectable Drug Delivery market landscape
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The report aims to address the following queries related to the Injectable Drug Delivery market:
- What are the most notable trends in the Injectable Drug Delivery market in 2019?
- How can prospective market players penetrate the Injectable Drug Delivery market in region 3?
- What are the different factors that could impede the growth of the Injectable Drug Delivery market during the forecast period?
- Which market players are expected to launch new products in the Injectable Drug Delivery market?
- How are companies marketing their products?