Fact.MR’s report on global drug delivery systems market projects a strong growth of over 7% CAGR in the forecast period. As per the study, the incorporation of 3-D printing and the nano-technology in drug delivery system is expected to propel the sales in the forecast period. Rising prevalence of chronic diseases such as leukemia, colon cancer are burgeoning the sales of oncology segment. Therefore, bolstering the growth of drug delivery systems.
According to World Health Organization, approximately 5.87 million people in U.S. suffer from neurological disorders and fatal cases. Therefore, such rising cases of neurological disorders is boosting the CNS segment, propelling the sales for drug delivery systems.
Furthermore, according to the Fact.MR study, the ongoing pandemic research activity is set to exhibit a strong growth in the forecast period.
“Key drug delivery systems manufacturers are focusing on adopting nano-technology and technological advancements for the expansion of drug delivery systems,” says the Fact.MR analyst.
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Key Takeaways
Prominent Drivers
Key Restraints
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Competitive Landscape
Key Drug delivery systems manufacturers profiled by Fact.MR include Novartis AG, Amgen Inc., F.Hoffmann-La Roche Ltd., Pfizer Inc., Johnson & Johnson Services Ltd., Becton, Dickinson and Company, AstraZeneca PLC., Baxter International Inc., Bayer AG and Boston Scientific Corporation among others. According to Fact.MR’s analysis, the drug delivery system market is highly competitive owing to the presence various regional as well as global manufacturers in the market.
In September 2020, FDA accepted supplemental new drug application for Pfizer’s Xalkori (Crizotinib) for the treatment of pediatric alk-positive anaplastic large cell lymphoma.
More Insights on the Drug delivery systems Market
In its latest report, Fact.MR offers an exhaustive analysis on global drug delivery systems market. In order to understand the global market potential, its growth, and key trends, the market is segmented on the basis of delivery system (intra uterine implants, pro-drug implants, polymeric drug delivery, targeted drug delivery), route of administration (oral, injectable, inhalation, transdermal, ocular, nasal and topical), application (infectious disease, oncology, ophthalmology, urology, diabetes, CNS, and others), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
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