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Injectable Drug Delivery Market, Size, Share, Development, Growth and Demand Forecast to 2020
The global injectable drug delivery market is growing significantly due to increasing prevalence of cancer and diabetes, technological advancements in injectable drug delivery devices, and increased patient adherence to injectable drug delivery systems in the industry. Massive unexplored injectable drug delivery market in emerging economies and development of biosimilars and biologics are creating ample opportunities for the global injectable drug delivery market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are propelling the demand for cost effective and efficient injectable drug delivery devices and formulations.Explore more or request TOC on “Global Injectable Drug Delivery Market” at: www.psmarketresearch.com/market-analysis/injectable-drug-delivery-market
Significant shift from conventional injectable drug delivery devices to self-injection drug delivery devices is a trend in global injectable drug delivery market. Increasing prevalence of diabetes has fuelled the demand of self-injection drug delivery devices; hence, reducing frequent hospital visits and costs related to it. According to the International Diabetes Federation (IDF), in 2013, there were 381.8 million people living with diabetes across the globe and the number was expected to grow to 591.9 million by 2035.
Some of the factors driving the growth of the global injectable drug delivery market are technological advancements in injectable drug delivery devices, increasing number of diabetes and cancer cases, increasing demand for self-injection devices, increased patient adherence to injectable drug delivery systems, and increasing healthcare expenditure. However, stringent regulatory requirements, patient safety issues such as infection and injuries, development of substitute drug delivery methods, such as needle-free transmucosal drug delivery sytems, are some of the factors restraining the growth of the global injectable drug delivery market.
Browse related market research at: www.psmarketresearch.com/industry-report/healthcare
Some of the major players operating in the global injectable drug delivery market are Becton, Dickinson and Company, Baxter International, Inc., Novo Nordisk A/S, Terumo Medical Corp., Sanofi, Schott AG, Ypsomed Holding AG, Antares Pharma, Inc., Owen Mumford Ltd., Eli Lilly And Company, and Zogenix, Inc. among others.
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