Chronic diseases, such as cardiovascular disorders, diabetes, cancer, and respiratory diseases, are characterized by long-term medication treatment. These conditions require regular administration of drugs to control symptoms, slow disease progression, or maintain quality of life. This has Increased the demand for effective drug delivery systems, thereby driving the market growth. According to International Diabetes Federation (IDF), in 2021, it was estimated that about 3 in 4 adults with diabetes live in low and middle Income countries and approximately 206 million people were diagnosed with diabetes in western pacific.
For instance, in May 2022, U.S. Food and Drug Administration (FDA), approved new injectable delivery product, Mounjaro to treat type 2 diabetes. Thus, the rise in prevalence of diabetes has led to the development of advanced insulin delivery systems, which are highly effective to treat diabetes. In addition, growth in prevalence of age-related diseases such as cardiovascular disorders, arthritis, neurodegenerative diseases, and osteoporosis have created a significant demand for effective drug delivery.
For instance, in January 2023, Biogen Inc., one of the global leader in pharmaceutical industry, received U.S. Food and Drug Administration (FDA) approval for LEQEMBI to treat Alzheimer’s disease. LEQEMBI is a monoclonal antibody directed intravenous drug delivery medication that effectively treats Alzheimer’s disease. Thus, development of new targeted drug delivery and controlled release formulation further contribute toward the market growth. However, stringent regulatory requirements can Increase the time, cost, and complexity of new drug delivery technologies and restrain market growth. Furthermore, high costs associated with research and development of new drug delivery negatively impact market growth.
On the other hand, an Increase in demand for advanced drug delivery systems is expected to create lucrative opportunities for market growth during the forecast period. This is attributed to the Increase in prevalence of chronic diseases, enhanced treatment outcomes, and availability of favorable reimbursement policies for the development of advanced drug delivery systems.
The pharmaceutical drug delivery market is segmented on the basis of route of administration, application, and region. On the basis of route of administration, the market is classified into oral drug delivery, nasal drug delivery, ocular drug delivery, topical drug delivery, and other drug delivery. As per application, the market is categorized into cancer, diabetes, cardiovascular diseases, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global pharmaceutical drug delivery market are Bayer AG, Cipla Ltd, F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Johnson & Johnson, Merck & Co., Inc., Novartis AG, Amgen Inc., Pfizer Inc., Sanofi. Key players operating in the market have adopted product launch and product approval as their key strategies to expand their market share and product portfolio.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pharmaceutical drug delivery market analysis from 2022 to 2032 to identify the prevailing pharmaceutical drug delivery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pharmaceutical drug delivery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global pharmaceutical drug delivery market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Route of Administration
- Topical drug delivery
- Other drug delivery
- Oral drug delivery
- Nasal drug delivery
- Ocular drug delivery
By Application
- Cancer
- Diabetes
- Cardiovascular Diseases
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Amgen Inc.
- Bayer AG
- Cipla Ltd
- F. Hoffmann-La Roche Ltd.
- GlaxoSmithKline plc
- Johnson & Johnson
- Merck & Co., Inc.
- Novartis AG
- Pfizer Inc.
- Sanofi S.A.
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Table of Contents
Executive Summary
According to a new report, titled, 'Pharmaceutical Drug Delivery Market,' The pharmaceutical drug delivery market was valued at $1,498.72 billion in 2022, and is estimated to reach $2307.27 billion by 2032, growing at a CAGR of 4.4% from 2023 to 2032.Pharmaceutical drug delivery is a process of delivering medications or therapeutic substances to patients in order to achieve the desired therapeutic effect at the site of action. It involves the design and development of various methods and technologies to safely and effectively deliver drugs to specific target sites within the body. The primary aim of drug delivery is to increase the effectiveness of therapeutic drug, minimize potential adverse effects, increase bioavailability, and improve patient adherence. Common routes of drug delivery include oral, injectable, transdermal, topical, targeted, and other specialized approaches. The oral route is the most convenient route of administration for patients as it involves swallowing a tablet, capsule, or liquid medication, which is generally easier and more acceptable than other routes such as injections or inhalations.
Key factors driving the growth of the pharmaceutical drug delivery market include increase in prevalence of diabetes, cancer, and hypertension; surge in geriatric population; and rise in development of advanced drug delivery products. Chronic diseases, such as diabetes, cardiovascular diseases, respiratory disorders, and cancer, are becoming more common due to factors like aging populations and changing lifestyles. These diseases require long-term medication management, which necessitates the development of effective drug delivery systems. Pharmaceutical drug delivery aims to optimize the administration of medications to achieve desired therapeutic effects. For instance, targeted drug delivery delivers the medication directly to tumor cells and improves cancer treatment outcomes while minimizing damage to healthy tissues.
Furthermore, the rise in chronic diseases has led to an increased demand for drug delivery technologies that enhance patient compliance and convenience. For instance, oral controlled-release formulations provide convenient and patient-friendly options for medication administration which improves adherence and quality of life for individuals managing chronic conditions. In addition, pharmaceutical companies are investing in research and development to innovate drug delivery approaches that cater to the specific needs of chronic disease management. This includes the development of novel drug formulations and technologies that enhance drug stability, improve bioavailability, and provide sustained release of medications.
Furthermore, emergence of new drug delivery methods such as liposomal drug delivery, nanoparticle-based drug delivery, and controlled-release drug delivery further boosts the market growth. Liposomes are small vesicles composed of lipid bilayers that encapsulate drugs within their lipid membrane. These drug-loaded liposomes can protect the drug from degradation, improve its solubility, and enhance its stability. Liposomes can also be engineered to target specific cells or tissues which allows site-specific drug delivery. For instance, liposomal doxorubicin (Doxil) is a liposome-encapsulated formulation of the chemotherapeutic drug doxorubicin, which has improved therapeutic efficacy and reduced side effects as compared to conventional doxorubicin formulations. Similarly, Abraxane is a nanoparticle-based formulation of the anticancer drug paclitaxel. The nanoparticles improve paclitaxel's solubility and allow for targeted delivery to tumor cells, resulting in enhanced therapeutic efficacy.
Furthermore, the shift toward personalized medicine is the key factor driving the demand for advanced drug delivery that can deliver targeted therapies, customized dosages, and controlled release formulation also contributes toward the market. Moreover, the increase in demand for advanced drug delivery systems, which improve therapeutic outcomes and enhance patient convenience are expected to drive the market growth. Long acting injectables offer sustained release of medications and reduced dosing frequency. This has led to increased demand for long-acting injectables over the short-acting injectables. Additionally, the rise in the number of pharmaceutical companies which are developing advanced drug delivery systems to enhance medication effectiveness and safety is creating new opportunities for market growth during the forecast period.
The pharmaceutical drug delivery market is segmented on the basis of route of administration, application, and region. On the basis of route of administration, the market is classified into oral drug delivery, nasal drug delivery, ocular drug delivery, topical drug delivery, and other drug delivery. On the basis of application, the market is categorized into cancer, diabetes, cardiovascular, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the pharmaceutical drug delivery market include Bayer AG, Cipla Ltd, F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Johnson & Johnson, Merck & Co., Inc., Novartis AG, Amgen Inc., Pfizer Inc., and Sanofi.
Key Market Insights
- By route of administration, the other drug delivery segment was the highest revenue contributor to the market in 2022 and is estimated to reach $963.42 billion by 2032.
- On the basis of application, the others segment dominated the global market and it is expected to register highest CAGR during the forecast period.
- Based on region, North America garnered the largest revenue share in 2022. However Asia-Pacific is anticipated to grow at the highest CAGR of 5.1% during the forecast period.
Companies Mentioned
- Amgen Inc.
- Bayer AG
- Cipla Ltd
- F. Hoffmann-La Roche Ltd.
- GlaxoSmithKline plc
- Johnson & Johnson
- Merck & Co., Inc.
- Novartis AG
- Pfizer Inc.
- Sanofi S.A.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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