The Global Pharmaceutical Drug Delivery Market Is Witnessing High Growth Owing To Increasing Product Launches by Key Companies in the Market

Pharmaceutical Drug Delivery Market

Market Overview:

Delivery systems are a vital part of drug development. They enable a drug to bypass the body's defenses and reach its target site. They can also help prevent adverse side effects and increase patient compliance. The most commonly used forms of drug delivery are injections and orally administered drugs. Despite the wide range of drug delivery options, many of these therapies still face difficulties in reaching their intended targets. In particular, poorly soluble or difficult to orally administer compounds may have trouble entering the bloodstream and thus achieving their desired therapeutic effect in patients. Controlled-release and nanostructured drug delivery technologies are becoming more common in clinical trials. They are designed to deliver the drug to its targeted site and to release it at the proper time, minimizing side effects and improving patient compliance.

Competitive Landscape:

Major players operating in the global Pharmaceutical Drug Delivery Market include E3D Elcam Drug Delivery Devices, Nemara, Medtronic, Ypsomed, West Pharmaceutical Services Inc., Baxter, Kindeva Drug Delivery, BD, and Gerresheimer AG.

Key Market Drivers:

Increasing developments by key companies in the global Pharmaceutical Drug Delivery Market are expected to augment the growth of the market. For instance, in April 2021, Medtronic launched the extended infusion set, which is an insulin drug delivery device that can be worn for around 7 days. A wide range of nanostructured and biopolymeric materials are being investigated for their potential in delivering a variety of pharmaceuticals to the desired target sites. Some of these include polymeric nanoparticles, polymer conjugates, micelles, and polymeric nanomicelles. Moreover, the high expansion of pharmaceutical companies in the world is estimated to enhance the growth of the global pharmaceutical drug delivery market.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, there have been several developments in the global Pharmaceutical Drug Delivery Market. For instance, in 2021, Becton, Dickinson, and Company (BD) announced that the company has received pandemic orders for needles and syringes, totaling around 2 billion injection devices for supporting the global COVID-19 vaccination efforts.

Key Takeaways:

·        North America is expected to dominate the growth of the global Pharmaceutical Drug Delivery Market, owing to increasing product launches by key companies in the region. For instance, in November 2020, Medtronic introduced InPen, which is integrated with real-time Guardian Connect CGM data.

·        Europe is estimated to witness high growth in the global pharmaceutical drug delivery market, owing to several developments by major players in the region. For instance, in December 2021, Gerresheimer AG entered into a partnership with American Biotech, in order to develop an advanced new pump for delivering a drug to treat rare diseases.