New York, United States, March 18, 2020 (GLOBE NEWSWIRE) -- The global injectable drug delivery market will grow at a robust rate during 2019-2029. Market players are focused to enhance ease of use in their products to capture a major chunk of consumers that practices self-administration of drugs. They are increasingly integrating smart devices with their products to gain popularity in the market. They are leveraging smart technologies to create unique products, providing their competitive edge in the market.
Injectable Drug Delivery Market: Key Takeaways
- Insulin pens will generate major revenue in the market by the end of 2029.
- Smart injectors will gain rapid traction in the market owing to the growing adoption of smart devices.
- Diabetes indication will maintain its prominence in the market through 2019-2029.
- North America will emerge as a prominent region in the market on the back of the high concentration of pharmaceutical manufacturers in the region.
- East Asia will exhibit notable growth during the forecast period with growing awareness regarding diseases such as diabetes and cancer.
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Injectable Drug Delivery Market: Key Growth Drivers
- Advanced technologies have significantly improved the sophistication of injectable drug delivery systems, thereby propelling the growth of the market
- Growth in incidences of chronic diseases has surged the demand for injectable drug delivery systems.
- The rapid adoption of self-administration of medication is acting as a key growth lever in the injectable drug delivery market.
- Ease of information introduced by smart devices is accelerating the demand for smart injectable drug delivery systems.
- Burgeoning investments along with favorable government initiatives are pushing the growth of the injectable drug delivery market.
- Smart injectable drug delivery equipment improves patient compliance for treatment, accelerating demand in the market.
Injectable Drug Delivery Market: Key Restraints
- The high cost of injectable drug delivery devices is a long-standing challenge in the market.
- High vulnerability to injuries and infections while using injectable drug delivery devices hinders the faith of consumers in them.
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Injectable Drug Delivery Market: Market Competition
The competitive landscape of the injectable drug delivery market is highly consolidated with a few top players acquiring a major chunk of the market. Manufacturers are developing platforms for in-house drug delivery to create a unique brand image in the market. Major players profiled in the global injectable drug delivery market are Eli Lilly and Company, Becton, Dickinson & Company, Antares Pharma, Emperra GmbH, Diamesco Co., Ltd and Hoffman - La Roche Ltd.
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About the Report
This report offers a regional analysis of the existing and upcoming trends in the industry affecting the overarching growth of the injectable drug delivery market. The study provides important insights into the injectable drug delivery market and covers market growth dynamics, revenue share analysis, pricing dynamics and influencers, and major partnerships in the injectable drug delivery market. Readers can also get information about key market trends and growth scenarios based on the product, usage, technology, distribution channels, and regions.
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