Drug delivery technologies improve the efficacy and safety of a drug by controlling the rate, time, and place of drug release in the body.
Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- The report "Drug delivery devices Market by of route of administration (Oral Drug Delivery, Pulmonary Drug Delivery, Inject able Drug Delivery, Ocular Drug Delivery, Nasal Drug Delivery, Topical Drug Delivery, Implantable Drug Delivery, Tran mucosal Drug Delivery ), Administration Market (Hospitals, Ambulatory Surgical Centres, Home Care settings, Diagnostic Centers, Other Facilities of Use) , Forecast to 2021", The Drug delivery devices market is expected to reach USD 1495 Billion by 2021 from an estimated USD 1086.8 Billion in 2016, at a CAGR of 6.96%. The key factors such as prevalence of chronic diseases, advances in technology, rise in individual therapy, increase in the awareness about drug metabolism among people and need for the control on drug release are the causes for the growth of this market.
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By route of administration, Oral, Topical and Nasal accounted for the largest share of the market in 2016
On the basis of products and services, the Drug delivery devices market has been segmented into Oral Drug Delivery, Pulmonary Drug Delivery, Inject able Drug Delivery, Ocular Drug Delivery, Nasal Drug Delivery, Topical Drug Delivery, Implantable Drug Delivery, and Trans mucosal Drug Delivery. In 2016, the Oral, Topical and Nasal segment is expected to account for the largest share of the global Drug delivery devices market.
By Administration, hospitals and diagnostic centres accounted for the largest share of the market in 2016
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On the basis administration, the Drug delivery devices market has been segmented into Hospitals, Ambulatory Surgical Centers, Home Care settings, Diagnostic Centers, Other Facilities of Use. In 2016, the hospitals and diagnostic centres is expected to account for the largest share of the
North America accounted for the largest share of the Drug delivery devices market in 2016, followed by Europe. The large share of the North American Drug delivery devices market can be attributed to the growth in biotechnology and Drug delivery devices research grants and funds in the US.
The various players in the Drug delivery devices market include Bend Research, Endocyte, Microchips Inc, Pearl Therapeutics Inc, Presage Bioscience, UCB Group, Genentech Inc, Polymer Factory, Alkermes Inc, BIND Biosciences Incand QLT Inc. among others.
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