The global drug delivery systems market was valued approximately US$ 510 Bn in 2016 and is anticipated to expand at a CAGR of over 6.9% from 2017 to 2025 to reach approximately US$ 900 Bn by 2025.
Albany, NY -- (SBWIRE) -- 05/01/2018 -- The expansion of the global market for drug delivery systems has been briefly discussed in a fresh study titled "Drug Delivery Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025". The study has been added to the wide repository of Market Research Hub (MRH), where it includes data on the size of the global market in 2016, along with a precise forecast for the coming years up to 2025. For the deeper understanding, a detailed qualitative assessment has been covered in this research report that delivers value by offering weighted analysis on restraints, drivers, trends and opportunities present in the global market for drug delivery systems.
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Forecast Assumptions and Key Highlights
Firstly, this 201-page intelligent report initiates with an accurate description related to the research methodology and executive summary on drug delivery systems. Drug delivery can be defined as the method of administering pharmaceutical compounds to cure human beings and animals. The report suggests that rise in prevalence of diseases and increases in demand for self-administration devices are likely to spur demand for drug delivery system in the during the forecast period. Considering these facts, analysts of the report has evaluated that the market is all set to expand at a CAGR of over 6.9% from 2017 to 2025. Also, the global drug delivery systems market was valued approximately US$ 510 Bn in 2016 and is anticipated to reach approximately US$ 900 Bn by 2025.
Moving further, the report offers a comprehensive evaluation of the market covering some prime regions such as North America, Asia-Pacific, Europe, Latin America and RoW. Of these, North America accounted for a leading share of the global drug delivery system market in 2016. As per the recent scenario, Asia Pacific is projected to gain share during the forecast period and is likely to be a key revenue generator in the next few years. Rise in research & development spending in emerging markets such as Singapore and Japan is fueling the market in this region.
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The global drug delivery systems market has been segmented based on the delivery system, application, and route of administration. The report also covers precise data informing readers about the market dynamics responsible for the market growth, as well as competitive landscape. The competitive landscape section profiles the major players operating in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The continuous expansion of drug delivery systems offering in high throughput along with reduced waiting time and improved result specificity are likely to drive the global drug delivery systems during the forecast period. This is also creating opportunities for major and local manufacturers to develop wide product portfolio.
Key players profiled in the study are AstraZeneca plc., Bayer AG, Pfizer Inc., Novartis AG, Amgen Inc., Johnson and Johnson Services, Inc., Baxter International, Inc., Boston Scientific Corporation, and Becton, Dickinson & Company.
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