by The pharmaceutical drug delivery market deals in systems that transport pharmaceutical compounds in the body. This includes transdermal, ingestible, injection and other novel methods. Drug delivery ensures that the drug reaches the intended site of action and is released there in a controlled manner. It helps increase efficacy and reduces adverse side effects. The global pharmaceutical drug delivery market is estimated to be valued at US$ 2657.98 Bn in 2024 and is expected to exhibit a 13.% CAGR over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Targeted delivery systems have garnered significant attention to optimize therapeutic outcomes of pharmaceutical compounds. These systems functionalize drugs with ligands that bind selectively to receptors overexpressed on diseased cells and tissues. This allows achieving higher local concentrations of drugs at disease sites while reducing systemic exposure and adverse effects. For instance, ligand-conjugated nanoparticles guide encapsulated chemotherapeutics exclusively to tumor cells via receptor-mediated endocytosis. Similarly, cell-penetrating peptides tagged to nucleic acid therapeutics promote their intracellular delivery for gene therapy. Rapid advances in nanotechnology, polymer chemistry and ligand engineering are expanding the toolbox for targeted pharmaceutical drug delivery.
SWOT Analysis
Strength: The pharmaceutical drug delivery market possesses strong innovation capabilities with continuous R&D for development of novel drug delivery technologies. This allows development of advanced therapeutics.
Weakness: High costs associated with drug development and regulatory compliances poses significant financial challenges for players in this Global Pharmaceutical Drug Delivery Market Size.
Opportunity: Growing demand for self-administration and home healthcare creates lucrative opportunities. Furthermore, rising demand for advanced drug delivery systems from developing regions will drive market growth.
Threats: Stringent regulations can delay drug approvals and market entry. Furthermore, patent expiries of major drugs pose threat from generic competition.
Key Takeaways
The global pharmaceutical drug delivery market is expected to witness high growth over the forecast period of 2024 to 2031. The market size is projected to reach around US$ 2657.98 Bn by 2031, expanding at a promising CAGR of 13%.
Regional analysis: North America currently dominates the market and is expected to continue dominance over the forecast period. This is attributable to well-established healthcare infrastructure, high healthcare spending, and presence of leading players. However, Asia Pacific is predicted to witness fastest growth owing to rising healthcare expenditure, growing aging population, and increasing focus of players towards emerging Asian countries.
Key players: Key players operating in the pharmaceutical drug delivery market are Thermo Fisher Scientific Inc., Corning Incorporated, Lonza Group Ltd., Avantor, Inc., Synthecon Incorporated, Bico Group, ReproCELL Incorporated, Becton, Dickinson, and Company, 3D Biotek, LLC, InSphero AG. These players are focusing on R&D to develop novel technologies as well as expansion in emerging regions through strategic collaborations.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
