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The market is currently estimated to be worth USD 5.42 billion for the year 2014 and is expected to reach USD 15.12 billion by the end of 2020. The CAGR during this period of the forecast is 22.77%.
Currently, North America dominates the global market owing to the fact that there is greater awareness and increase per capita income. Europe is the second largest market in the world for drug delivery devices. This is due to the higher disposable income available and rapid innovations in new technologies that are being made available in the market. Germany is the current market leader in Europe.
This escalation is developing the need to analyze, review and forecast the growth of the drug delivery devices market. Owing to the rapid evolution of the market in the use of injectable drug delivery technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.
France Drug Delivery Devices Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are listed below.
Drivers
Some of the factors driving the growth of the market are:
Restraints
Injuries and infections fear while usage, the high cost of development, and strict regulatory framework are the major challenges faced by the drug delivery market.
The report studies in detail the markets for different drug delivery devices, which include the injectable, transdermal, ocular, implantable, oral, nasal, topic and pulmonary drug delivery devices. Injectable drug delivery systems currently dominate the global market.
What the Report Offers
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India
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