The Drug Delivery Devices Market was valued at USD 258.81 billion in 2021, and it is expected to reach USD 394.03 billion by 2028, registering a CAGR of 7% during the forecast period of 2022-2028.
A drug delivery device is defined as a medical device that delivers a drug to the body exclusively through a specific route of administration. Also, administering the drug to a specific site allows for more accurate, easier, and less frequent dosing. In addition, another advantage provided by drug delivery devices is that there is less variability in systemic drug concentrations, making absorption more reliable depending on the site and mechanism of action. Additionally, there are different types of drug delivery devices available on the market. For example, some drug delivery devices include smart pills, inhalers, drug-eluting stents, and safety syringes. Additionally, these devices are being sued in a variety of healthcare settings, such as hospitals and diagnostic centers, ambulatory surgical centers, and more.
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Market Segments
By Device Type
- Smart pills
- Inhalers and Nebulizers
- Drug eluting stents
- Safety syringes
- Transdermal patches
By Route of Administration
- Oral
- Inhalation
- Transdermal
- Injectable
- Ocular
- Nasal
- Topical
By Application
- Oncology
- Infectious Diseases
- Respiratory Diseases
- Diabetes
- Cardiovascular Diseases
- Autoimmune Diseases
- Central Nervous System Disorders
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Key Players
- 3M Company
- AstraZeneca PLC
- BECTON, DICKINSON AND COMPANY
- Boehringer Ingelheim group
- GlaxoSmithKline plc
- Insulet Corporation
- Medtronic Plc.
- Sulzer Ltd. (Medmix Systems AG)
- West Pharmaceuticals Services, Inc
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Scope of the Report
The research study analyzes the global Drug Delivery Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Drug Delivery Devices Market Report
1. What was the Drug Delivery Devices Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Drug Delivery Devices Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Drug Delivery Devices Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Drug Delivery Devices market.
- The market share of the global Drug Delivery Devices market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Drug Delivery Devices market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Drug Delivery Devices market.
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