Injectable drug delivery technologies allow the transport of drugs detailed in f
Posted by rohan on June 28th, 2019
Injectable Drug Delivery Market was worth USD 4484.5 million in 2018 and estimated to be growing at a CAGR of 11.5%, to reach USD 67846.3 million by 2023.Injectable drug delivery technologies allow the transport of drugs detailed in fluid form and encourage the fast transport of the drug into the body. It likewise helps in managing drugs in comatose and unconscious patients. These delivery frameworks are generally accepted because of their recognition of a faster onset reaction with high adequacy. Also, in the recent years, this market has developed because of the expanded predominance of cancer and diabetes.
Market Drivers and Restraints:
The key factors driving the Injectable Drug Delivery Market are increased prevalence of chronic diseases, Technological advances in the form of nanotechnologies, rising demand for biologics in the pharmaceutical industry and increased patient compliance. The Restraining factors affecting the IDD market include Possibility of injuries and infections via usage, Product recalls, Emergence of alternative drug delivery systems, Regulatory framework concerns.
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Report segmented as
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. Injectable Drug Delivery Market was dominated by North America, with the overall market share of over 35% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Important Market Players:
Some of the major companies dominating the market, by their products and services include Alkermes Inc., Bend Research, BIND Biosciences, Inc., Endocyte, Genentech Inc., MicroCHIPS, Inc., Pearl Therapeutics Inc., Polymer Factory, Presage Bioscience, QLT Inc., UCB Group.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
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