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The global drug delivery systems market size was valued at USD 39.55 billion in 2022 and is projected to grow from USD 42.71 billion in 2023 to USD 78.76 billion by 2030, exhibiting a CAGR of 9.1% during the forecast period.
A drug delivery system is a device that enables the introduction of a drug in the body and improves its efficacy and safety by controlling its rate, time, and place of release. The systems include auto-injectors, jet-injectors, and syringes. The manufacturers of drug delivery systems either distribute their products to pharmaceutical companies or consumers through various pharmacies, such as retail pharmacies, hospital pharmacies, and online pharmacies.
The large-scale vaccination drives to minimize the spread of COVID-19 fueled the demand for drug delivery systems, which will continue to increase during the forecast period as well. Moreover, factors, such as the surging number of chronic diseases, growing awareness & adoption of advanced delivery systems for drug administration, and emerging novel technologies are driving the market. Furthermore, the market players focusing on various strategies, such as new product launches and collaborations are expected to contribute to the drug delivery market growth in the coming years.
Market Witnessed Strong Positive Impact Due to Increasing Vaccination Campaigns
The COVID-19 pandemic slowed down the market in 2020 due to factors, such as reduced hospital admissions, disruption in supply chain, temporary halt in manufacturing, and others across the globe. Additionally, key players operating in the market witnessed slow growth in their revenue generation in 2020.
However, with the launch of COVID-19 vaccines and mass vaccination drives, there was a significant acceleration in manufacturers’ production of injectable drug delivery systems to meet the global medical needs.
Moreover, decrease in patient visits to hospitals and clinics during COVID-19 increased the demand for safe and easy-to-use homecare solutions, which can be achieved using self-injection devices. The market players also developed advanced drug delivery devices that can be easily self-administered at home. For instance, in August 2021, E3D Elcam Drug Delivery Devices and Mount Sinai Hospital planned to prepare a package that included a ready-to-use drug vial and Flexi-Q DV auto-injector device that enabled continued treatment for patients who could not access healthcare facilities due to the pandemic.
The market in the post-pandemic period will grow significantly due to increased hospital visits and the launch of advanced drug delivery systems, among others. The companies also witnessed a significant increase in their revenue due to rise in their sales in 2021.
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Strategic Collaborations and New Product Launches to Boost Market Growth
The companies operating in the market constantly focus on strategies, such as collaborations and development & introduction of new products. These strategies will help the companies increase their revenue, thereby propelling the market growth.
The advent of new products with increased safety and user-friendly features is expected to fuel the pharmaceutical industry’s growth. Additionally, better dosing features also complement drug treatment outcomes and increase the potential of disease management in homecare settings.
Moreover, rise in collaborations between market players and pharmaceutical companies to develop and launch products will further boost the market growth. For instance, in April 2021, KINDEVA DRUG DELIVERY collaborated with Cambridge Healthcare Innovations Limited (CHI) to develop and commercialize CHI’s αeolus Dry Powder Inhaler (DPI) platform technology.
Increase in Shift of Patients toward Advanced Drug Delivery Systems to Favor Market Growth
The rise in patients’ preference toward advanced drug delivery systems is due to their decreased variability in systemic drug concentrations and ability to deliver a drug more selectively to a specific site with greater accuracy. These features have led to an increased adoption of self-administered devices among patients.
Moreover, the digitalization of medical devices has increased the awareness of advanced products among patients. Digitalization of these products provides various advantages, such as needle-free injection, controlled dosage, and higher flexibility of self-administration, leading to an increase in the adoption of these devices.
The patients’ shift toward advanced products, combined with increased government initiatives to raise public awareness of these products, are expected to boost the drug delivery systems market growth in the coming years.
Increasing Burden of Chronic Diseases to Drive Market Growth
In recent years, chronic diseases, such as asthma, Chronic Obstructive Pulmonary Disease (COPD), cancer, diabetes, and other diseases have been the leading causes of death globally. Factors, such as the growing prevalence of these chronic diseases and emerging technologies for treating them are expected to fuel the market progress during the forecast period. According to the United Health Foundation, in 2022, about 56 million adults (16.9% of the total population) in the U.S. were aged 65 years and above. Such a large group of the geriatric population is susceptible to chronic diseases, which is expected to increase the adoption of such systems.
Furthermore, increase in product launches and digitalization in the healthcare sector have generated massive growth opportunities for the market players.
Product Recalls and Stringent Regulations to Hinder Market Growth
The major factors restraining the market growth are strict regulations and guidelines associated with the approval of drug delivery devices and product recalls by the U.S. FDA. According to an article published by Drugwatch in 2021, on average, about 4,500 drugs and devices are recalled from the U.S. shelves each year.
The product recalls are mainly due to adverse effects, non-compliance with standards, and data security issues, thereby limiting the growth of the market.
The technologically advanced products go through various regulatory approval processes. The stringent regulations of the regulatory bodies to evaluate the performance and safety of the products are expected to limit the launch of innovative products during the forecast period.
The invasive nature of the products could impact the trust of the customer in the device, and strict regulations to approve the products are limiting the growth of the market.
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Rising Demand for Syringes to Fuel Adoption of Injectable Drug Delivery Systems
Based on type, the market is segmented into inhalation, transdermal, injectable, and others.
The injectable segment held the highest market share in 2022 and is projected to record the highest growth rate during the forecast timeframe. The rising demand for wearable injectable systems for drug delivery is expected to increase product launches, thereby spurring the segment’s growth. Moreover, the increasing number of vaccination drives across the world is boosting the demand for syringes, which is expected to contribute to the segment’s growth in the future.
The inhalation segment is predicted to register a substantial CAGR during the forecast period of 2023-2030. The growth of the inhalation segment is attributed to the rising adoption of inhalers to tackle the increasing prevalence of respiratory disorders, such as asthma and other bronchial conditions. Moreover, growth in the product launches of inhalation systems in the market by the key players is expected to fuel the market growth during the forecast period.
Rising Demand for Biosimilar Products to Trigger Adoption of Conventional Drug Delivery Systems
Based on device type, the market is segmented into conventional and advanced.
The conventional segment held the largest market share in 2022 and is projected to record a substantial CAGR during the forecast timeframe. The segment’s considerable expansion is due to the growing demand for biosimilar products and low cost of devices. Furthermore, the rising prevalence of chronic diseases, such as asthma, diabetes, and cardiovascular diseases (CVD) is expected to increase the demand for conventional systems, especially in developing countries that are more dependent on conventional systems than advanced systems.
The advanced segment is expected to register the highest CAGR during the forecast period. The high preference for and continuously increasing adoption of advanced products is due to their advantages, such as high therapeutic effectiveness, better patient compliance, and reduced treatment cost. Furthermore, rising geriatric population, technological advancements, and increasing demand for novel products in the market are the key factors driving the growth of the segment.
Surge in Hospital Admissions to Drive Product Sales across Hospital Pharmacies
On the basis of distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and others.
The hospital pharmacies segment is expected to dominate the global market during the forecast period due to a large number of patient visits in hospitals. Hospital pharmacies are an integral unit of hospitals. Thus, an increase in patient visits to these medical centers will increase the distribution of drug delivery devices from hospital pharmacies. The rising number of hospitals in various countries is also expected to increase the distribution of these systems from hospital pharmacies, thereby spurring the segment’s growth.
The retail pharmacies segment is anticipated to account for a substantial market share during the forecast period. The segment’s growth is attributed to an increase in the number of retail pharmacies and rising investments by governments and other organizations. For instance, in February 2021, Clicks opened its 600th in-store pharmacy in South Africa. Such new retail pharmacies are expected to increase the distribution of these systems in the coming years.
The instant spike in demand for these systems from the others segment, which includes e-pharmacies and homecare pharmacies, is attributed to the rise in the awareness of these types of pharmacies that provide people with limited mobility better access to low-cost products.
North America Drug Delivery Systems Market Size, 2022 (USD Billion)
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The market in North America was valued at USD 16.12 billion in 2022 and will dominate the global drug delivery systems market share during the forecast period. Some of the contributing factors include rapid increase in the COVID-19 vaccination drives by the U.S. government, which boosted the demand for syringes. Furthermore, strong demand for these systems due to the increased number of hospital admissions in the region is expected to drive the market growth in North America during the forecast period.
Rise in demand for advanced drug delivery systems, such as sensor-embedded devices and metered-dose inhalers, and growing incidence of chronic diseases are likely to drive the market growth in the region.
Europe held the second-largest market share in 2022 and is projected to register a significant CAGR during the forecast period. The growth is due to the rising awareness regarding advanced drug delivery devices and increasing adoption of advanced products in the region. Moreover, clinical trials to get key regulatory approvals for new products and introduction of new products by key players are expected to propel the market growth in the region.
The Asia Pacific market is expected to record the highest CAGR during the forecast period of 2023-2030. Some of the critical factors contributing to the market growth across the region include a large patient population, growing prevalence of chronic diseases, increasing healthcare expenditure in countries, such as China and India, and rising COVID-19 vaccination drives by these countries. Furthermore, manufacturers in India are increasing their production capacities to meet the rising demands of syringes, thereby fostering the overall market growth across the region.
Latin America held a substantial market share in 2022 and is projected to register a moderate CAGR during the forecast period. The region is experiencing an increase in healthcare expenditure to enhance the overall healthcare system, which is expected to improve the current services provided in healthcare facilities. This will result in rise in demand for drug delivery devices. The market growth in the Middle East and Africa is attributed to a worrying increase in the prevalence of chronic diseases in the region, surge in hospital admissions, and increasing burden of asthma and diabetes.
Companies with Diversified and Strong Product Portfolios to Hold Key Market Share
In terms of the competitive landscape, the scenario reflects a highly fragmented market with the entry of many small players in 2022.
BD, Baxter International Inc., Gerresheimer AG, and West Pharmaceutical Services Inc. are some of the prominent players operating in the market. BD is constantly focusing on introducing new products in the market.
Other market players include Ypsomed, Medtronic, Nemera, and E3D Elcam Drug Delivery Devices. These companies are anticipated to increase their market shares during the forecast period by launching new and advanced products, and increasing their production capacities to meet the demand for drug delivery devices.
An Infographic Representation of Drug Delivery Systems Market
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The global market research report delivers a detailed market analysis. It focuses on key aspects such as new product launches and technological advancements. Additionally, it includes an overview of all the segments and key industry developments such as mergers, partnerships, and acquisitions. Moreover, it covers regional analysis of different segments, key trends, company profiles of top market players, and the impact of COVID-19 on the market. Besides this, the report offers an overview of market trends, market opportunities, and the impact of the drug delivery systems on the stakeholders. The report encompasses qualitative and quantitative insights that contribute to the growth of the market.
CAGR of 9.1% from 2023-2030
Value (USD billion)
By Type, Device Type, Distribution Channel, and Region
By Device Type
By Distribution Channel
Fortune Business Insights says that the global market size was valued at USD 39.55 billion in 2022 and is projected to reach USD 78.76 billion by 2030.
In 2022, the North America market value stood at USD 16.12 billion.
The market is projected to record a CAGR of 9.1% during the forecast period.
The conventional segment is the leading segment in the market.
The key factors driving the market are the surging number of COVID-19 vaccinations globally, new product launches, increased R&D, rising prevalence of chronic diseases, and emerging novel technologies.
BD, Baxter International Inc., Gerresheimer AG, and West Pharmaceutical Services Inc. are some of the major players in the global market.
North America dominated the market in 2022.
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