Global Drug Delivery Devices Market (2021-2026) by device type, route of administration, application, end-user, vehicle outlook, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis

The Global Drug Delivery Devices Market is estimated to be USD 22.2 Bn in 2021 and is expected to reach USD 28.7 Bn by 2026, growing at a CAGR of 5.3%.





Market Dynamics

Key factors, such as the rising geriatric population coupled with increasing chronic ailments such as diabetes, cancer, etc have led to a growth in drug delivery devices. The surge in non-communicable diseases has also led to the demand for non-invasive drug delivery methods. Additionally, the growth of biologics is significantly contributing to the drug delivery device market.

However, factors such as drug recalls and biocompatibility issues with increased side effects are likely to restrain the market growth of drug delivery devices. Moreover, the time taken for approval of novel drugs is also likely to hamper the growth of drug delivery devices due to the subsequent delay in deliveries.

Market Segmentation

The Global Drug Delivery Devices Market is segmented further based on device type, route of administration, application, end-user, vehicle outlook, and Geography.

By Device Type, the market is classified as smart pills, inhalers, drug-eluting stents, safety syringes, implantable drug delivery devices, transdermal patches, and others. Amongst all, the smart pills segment is estimated to hold the highest market share.

By Route of Administration, the market is classified as Oral, Inhalation, Transdermal, Injectable, Ocular, Nasal, Topical, and Others. Amongst all, the oral route of administration is estimated to hold the highest market share.

By Application, the market is classified as Oncology, Infectious Diseases, Respiratory Diseases, Diabetes, Cardiovascular Diseases, Autoimmune Diseases, Central Nervous System Disorders, and Others. Amongst all, the diabetes segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as Hospitals, Diagnostic Centers, Ambulatory Surgery Centers/Clinics, Home Care Settings, and Others. Amongst all, the hospital segment holds the highest market share.

By Vehicle Outlook, the market is classified as a hydrogel, micelle, dendrimer, nanoparticle, liposomes, scaffold, niosomes, and mesoporous materials. Amongst all, the nanoparticle segment is estimated to hold the highest market share.

By Geography, North America is projected to lead the market.

Recent Developments
1. 3M has re-launched its drug delivery systems through Kindeva, a global contract manufacturing/ development firm focusing on drug delivery projects. This is the newly formed independent entity formed along with Altair post the sales of the drug delivery systems units to Altair Capital Partners for USD 650 Mn. - 4th May 2020
2. Bayer is venturing into an agreement with Exscientia for the identification and optimization of novel lead structures for potential drug candidates in treating cardiovascular and oncological diseases. - 22nd January 2020

Company Profiles

Some of the companies covered in this report are 3M Company, AstraZeneca PLC, Becton, Dickinson, Boehringer Ingelheim group, GlaxoSmithKline plc, Insulet Corporation, Medtronic Plc, Sulzer Ltd. and West Pharmaceuticals Services, Inc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Drug Delivery Devices Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market