Pharmaceutical Drug Delivery Market (Route of Administration - Oral Drug Delivery, Nasal Drug Delivery, Ocular Drug Delivery, and Topical Drug Delivery; Application - Cancer, Diabetes, Cardiovascular Diseases, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on pharmaceutical drug delivery market provides in-depth analysis of segments and sub-segments in the global as well as regional pharmaceutical drug delivery market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pharmaceutical drug delivery market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pharmaceutical drug delivery market.

Market Insight:

The global pharmaceutical drug delivery market was valued at about approximately USD 1308 billion in 2022 and is expected to reach more than USD 1971 billion in 2030, with a CAGR of more than 4% during the forecast period 2023-2030.

Drug delivery describes the technologies that carry drugs into the body. These technologies include the method of drug delivery, such as a pill that is swallowed by the person or a vaccine that is injected. Medications can be taken in a variety of ways such as swallowing, inhalation, absorption through the skin, or injection. Improving current delivery methods or designing new ones can enhance the use of existing medications. The field of pharmaceutical drug delivery has changed dramatically in the past few decades due to the advancement, and even greater innovations are anticipated in the upcoming years. Biomedical engineers have highly contributed to understanding the physiological barriers to efficient drug delivery. Along with this, it also contributes to the development of several new modes of drug delivery.

Drug delivery is used to improve the efficacy and safety of an administered drug by controlling the rate, time, and site of release of the drug in the body. The surge in the growth of the pharmaceutical drug market is due to the high prevalence of chronic diseases throughout the world. Along with this, the development of advanced technologies of medications and also pharmaceutical drug delivery systems is propelling the growth of the market. Although, a rise in the number of drug failures hamper the growth of the pharmaceutical drug delivery market. Moreover, the rising demand for pharmaceuticals coupled with the emergence and adoption of new technologies in the field is providing high growth opportunities to the market.

The pharmaceutical drug delivery market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America accounted for the major pharmaceutical drug delivery market share and is expected to continue its dominance over the forecast period, owing to the easy availability of pharmaceutical drug delivery systems. Additionally, the region includes technologically and economically advanced countries such as the U.S. and Canada which are highly contributing to the growth of the market. However, Asia-Pacific is estimated to grab the largest share of the pharmaceutical drug delivery market during the forecast period due to rising awareness about the use of pharmaceutical drug delivery products. In developing economies such as India, China, and Malaysia, there is a constantly evolving life science industry that drives the growth of the market which also leads to the spreading of awareness related to the use of pharmaceutical drug delivery.

Report Scope of the Pharmaceutical Drug Delivery Market:

Segment Covered

The report on global pharmaceutical drug delivery market covers segments such as route of administration, and application. On the basis of route of administration, the sub-markets include oral drug delivery, nasal drug delivery, ocular drug delivery, and topical drug delivery. On the basis of application, the sub-markets include cancer, diabetes, cardiovascular diseases, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as BD, Johnson & Johnson Services, Inc., Merck & Co., Inc., Pfizer Inc., 3M, GSK plc, Bayer AG, Novartis AG, Sanofi, and AbbVie Inc..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the pharmaceutical drug delivery market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.