Global Injectable Drug Delivery Devices Market Growth, Trends and Forecasts (2016 - 2021)

The global drug delivery devices market is currently estimated to be valued at USD 215 billion for the year 2016 and is expected to grow at a CAGR of approximately 9.3% CAGR from 2016 to 2021. Currently, North America dominates the global market owing to the fact that there is greater awareness and per capita incomes. The Asia-Pacific region is expected to show good growth in the future primarily due to the increased awareness among the population. The major trend driving the drug delivery devices market is the major need for controlled release of drugs.

This escalation is developing the need to analyze, review and forecast the growth of the drug delivery devices market. Owing to the rapid evolution in the use of injectable drug delivery technology, medical device companies that are able to launch new innovative equipment will be awarded huge benefits.

Global Injectable Drug Delivery Market- Market Dynamics

The report details several driving and restraining factors for the global injectable drug delivery market. Some of them are listed below.

Drivers

• Increased prevalence of chronic diseases
• Technological advances
• Increase in individual therapy
• Increased understanding about drug metabolism among the population
• Need for controlled drug release

Restraints

• Fear of injuries and infections during use
• High cost of development
• Strict regulatory framework

The global drug delivery devices market is segmented on the basis of mode of delivery -Nasal (Nasal Drops, Nasal Sprays, Nasal Inhalers, and Others), Oral (Dissolution controlled systems, Diffusion-controlled systems, Osmotic pressure controlled systems, pH - independent formulations, Ion -exchange resin drug complexes, Slow dissolving salts & complexes, and Hydrodynamic pressure controlled system), Ocular (Eye Drops, Ointments & Gels, and Others), Implantable (Drug Eluting Stents, Contraceptives, Brachytherapy Seeds, and Intravitreal Implants), Injectable (Conventional Drug Delivery, and Self-Injected Drug Delivery), Transdermal, Topical, Pulmonary and Rectal) and on the basis of region (North America, Europe, Asia-Pacific & Rest of the World).

Some of the key players in the market are:

• Alkermes Inc.
• Bend Research
• BIND Biosciences, Inc.
• Endocyte
• Genentech Inc.
• MicroCHIPS, Inc.
• Pearl Therapeutics Inc.
• Polymer Factory
• Presage Bioscience
• QLT Inc.
• UCB Group

What the Report Offers

• Market definition for the drug delivery device market along with identification of key drivers and restraints for the market.
• Market analysis for the drug delivery device market in the healthcare industry, with region-specific assessments and competition analysis on a global and regional scale.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
• Identification and analysis of the macro and micro factors that affect the drug delivery device market in the healthcare industry on both global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.