The global top 10 drug delivery technologies market is expected to grow from $43.8 billion in 2009 to $81.5 billion in 2015, at an estimated CAGR of 11% from 2010 to 2015.
Dallas, TX -- (SBWIRE) -- 03/20/2014 -- The ‘Global Top 10 Drug Delivery Technologies Market (2010 – 2015)’ analyzes the drug delivery technologies market by the top 10 drug delivery technologies and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia and ROW.
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The global top 10 drug delivery technologies market is expected to grow from $43.8 billion in 2009 to $81.5 billion in 2015, at an estimated CAGR of 11% from 2010 to 2015. The rising demand for effective delivery of novel biopharmaceuticals is driving the growth of the global top 10 drug delivery technologies market. Further, patent expirations of drugs is also boosting market growth.Prominent industry participants include Elan, Biovail, Nektar, Alkermes & Nektar.
Time release technologies account for the largest share around 10% of the top 10 drug delivery technologies market owing to the popularity of once daily formulations. Time release technologies market is expected to grow from US$8.5 billion in 2009 to Enormous opportunities lie in the area of unconventional technologies such as pulmonary, nasal and transdermal drug delivery due to technology innovations and expanded applications especially in chronic disease conditions.
Prominent industry participants include Elan, Biovail, Nektar and Alkermes. Pure drug delivery technology providers are gradually shifting towards specialty pharmaceuticals with focus on CNS and Cancer. Further, industry players are focusing on developing alternatives that are not only safe and effective but also are convenient in terms of drug administration and dosing regimen.
Currently, market players are focusing in the development and commercialization of new drugs through agreements and collaborations which therefore accounted for the highest share of the total competitive developments in the global top 10 drug delivery technologies market from 2007 to June 2010.
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