global injectable drug delivery market size was valued at USD 561.0 billion in 2021 and is projected to reach up to 1,223.0 million in 2030, with a CAGR of 9.0% in the forecasted period.
A medicinal drug is transported and delivered to a patient’s body using injectable devices. There are several different types of injectable medication delivery devices available, including traditional syringes, needle-free injectors, auto-injectors, and pen injectors. Many infectious and chronic disorders are treated with subcutaneous medication delivery systems. In this, the layer between muscles and tissues is injected with medical medications using a syringe. The absorption proceeds more slowly than the vein-direct injection.
Regional Insights
North America is expected to dominate the injectable drugs delivery market in 2021. The rise of injectable drugs delivery market in North America region is being accredited to the rising prevalence of numerous disorders. As per the Alzheimer’s Association, around 6.2 million Americans aged 65 and older will have Alzheimer’s disease by 2020. There are around 3.8 million women and 2.4 million men among those patients. Furthermore, increasing adoption of approaches by market players are also aiding the growth of North America injectable drugs delivery market. For instance, in July 2020, Piramal Critical Care collaborated with Medivant Healthcare, to answer the substantial shortage of injectable medications in hospitals across the nation.
Increased R&D investments, government initiatives to increase awareness about chronic diseases, and rise in healthcare spending are some of the factors that are driving the growth of the injectable drug delivery market in these regions.
Europe, is predicted to grow at the fastest rate during the forecasted period. The UK holds the largest share in the injectable drugs delivery market in Europe region. The Europe injectable drugs delivery market is attributed to the factors such as the rise of the biologics market, increasing incidence of chronic disorders, and the growing demand for self-injection devices are all contributing to this trend. The other factors impelling the growth of injectable drugs delivery market in Europe region are escalating disposable income, growing number of partnerships, and increasing awareness about safety and comfort.
However, a considerably large patient pool in the Asia Pacific region will provide probable growth openings for players in the injectable drug delivery market.
Some of the key players operating in the global injectable drug delivery market include:
- BD
- Pfizer Inc.
- Teva Pharmaceuticals Industries Ltd.
- Eli Lilly and Company
- Baxter International, Inc.
- Sandoz
- Terumo
- Schott AG
- Gerresheimer
- Ypsomed
- Bespak
- B. Braun Melsungen
- Other players
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Segments
By Type
- Devices
o Conventional Injectables
o Pre-Filled Syringes
o Auto-Injectors
o Pen-Injectors
- Formulations
By Formulation Packaging
- Ampules
- Vials
- Cartridges
- Bottles
By Therapeutic Application
- Auto-immune diseases
- Hormonal Disorders
- Orphan Diseases
- Oncology
- Others
By Usage Pattern
- Curative Care
- Immunization
- Other
By Site of Administration
- Skin
- Circulatory/Musculoskeletal
- Organs
- Central Nervous System
By Distribution Channel
- Hospitals & Clinics
- Retail Pharmacy Stores
- Others
By Facility of Use
- Hospitals & Clinics
- Home Care Settings
- Other
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