North America Drug Delivery Market is Growing at a Significant Rate in the Forecast Period 2017-2024


Posted September 7, 2018 by pankajukey1

North America Drug Delivery Market is expected to reach USD 823.55 billion by 2024 from USD 501.37 billion in 2016

 
North America Drug Delivery Market is expected to reach USD 823.55 billion by 2024 from USD 501.37 billion in 2016, at a CAGR of 6.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Segmentation: North America Drug Delivery Market
Product Type {Oral [Solid, Liquid,Semi-Solid],
Injectable [Devices (Conventional, Self-Injectable), Formulations],
Topical [Transdermal Devices (Patches, Gels), Formulations],
Pulmonary (MDI, DPI, Nebulizers), Nasal, Ocular, Implantable, Transmucosal]},
End-User [Hospitals, Clinics, Home Healthcare, Community Healthcare, Others],
Distribution Channel [Hospital Pharmacy, Pharmacy Stores, Direct Tenders, Online Pharmacy],
Country [United States, Canada and Mexico]

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Drivers: North America Drug Delivery Market
Some of the major factors driving the market for North America drug delivery market are rising prevalence of chronic disease such as diabetes, growth of biologics, new product launches, drug innovation, technological advancements and growth in the development of biologics.

Rising Prevalence Of Chronic Disease Such As Diabetes
The prevalence of diseases and conditions such as cardiovascular diseases (CVDs), asthma, cancer, neurological disorders, stroke, diabetes, and respiratory diseases has increased significantly over a period of time.With the rising prevalence of chronic diseases, there is growing demand for the development and innovation of drug delivery systems such as pulmonary drug delivery, injectable drug delivery, and transdermal patches for targeted drug delivery.

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Technological Development
With the development of new drug delivery systems administration of drugs through different routes becomes more efficient and effective. Implantable drug delivery system is also an example of technological advancement in the field of drug delivery market.
Major Players: North America Drug Delivery Market
Some of the major players operating in this market are:-
• Johnson & Johnson Services, Inc.,
• Novartis AG, Pfizer, Inc.,
• Merck & Co., Inc.,
• Antares Pharma,
• 3M,
• Becton Dickinson and Company,
• Cima Labs Inc.,
• Valeant Pharmaceuticals InternationalInc. ,
• Catalent Inc. ,
• among others.

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Growth In The Development Of Biologics
Biologics is considered as one of the fastest growing segment in the pharmaceutical market. Development and manufacturing of biologics for both branded and generic drugs is becoming increasingly competitive with the presence of players. Biologics are administered through injection such as Cimzia, Cosentyx, Enbrel, Humira, Simponi and Taltz are injected in the legs, abdomen or arms

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Tags north america drug delivery , north america drug delivery analysis , north america drug delivery industry analysis , north america drug delivery market , north america drug delivery research reports
Last Updated September 7, 2018