Drug Delivery Technologies Market, by Route of Administration (Oral, Parenteral (Intramuscular, Intravenous, Intra-Arterial, and Subcutaneous Route), Nasal Drug Delivery, Topical/Transdermal), by End User (Ambulatory Surgical Clinics, Diagnostic Centers, Hospitals, Homecare, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Drug delivery system is a method in which the therapeutic substances are delivered through general route of administration to obtain the therapeutic effect in humans or animals. The correct dose of drugs release their functional ingredients in the targeted area at the appropriate time. Drug delivery technologies helps to improve the absorption, distribution, elimination, and drug release profile for developing the product safety and efficiency. Drug delivery technologies are considered an important aspect of pharmaceutical products which are often used by pharmaceutical companies for extending the product’s lifecycle.

Drug Delivery Technologies Market Drivers

Increasing prevalence of chronic diseases, growing demand for biologics, technological advancements, and new product launches are some of the factors driving the growth of the market. According to the National Center of Biotechnology Information (NCBI), in 2018, around 45%, or 133 million, Americans were affected by one of the chronic diseases.

Moreover, the Capsugel, a global leader in delivering high quality, innovative dosage forms to the healthcare industry, launches the new drug delivery system as per the commitment to innovate for their costumer. For instance, in October 2015, Capsugel announced the global commercial launch of its enTRinsic drug delivery technology, providing full enteric protection and targeted release of gastric acid and heat sensitive active ingredients to the upper gastrointestinal tract.

Furthermore, in April 2019, Aquestive Therapeutics, Inc. announced that the U.S. Food and Drug Administration (FDA) accepted the company’s New Drug Application (NDA) for their investigational product, Riluzole oral film (ROF), which the company intends to market under the brand name, Exservan. ROF is used for treatment of amyotrophic lateral sclerosis (ALS). ROF is delivered through a postage stamp sized film which dissolves in the mouth. The FDA had designated orphan drug status to the drug in January 2018.

However, risk factors such as needle stick injuries and side effects of drugs are restricting the market growth to a certain level. According to a 2014 estimate by the Occupational Safety and Health Administration (OSHA), 5.6 million workers in the healthcare industry are at a risk of needle sticks and sharps related injuries which expose the workers to blood borne pathogens.

Drug Delivery Technologies Market - Regional Insights

On the basis of region, the global drug delivery technologies market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds dominant position in the global drug delivery technologies market, owing to the launch and adoption of novel technologies. For instance, in January 2019, Amneal Pharmaceuticals received the U.S. Food and Drug Administration (FDA) approval for its generic Exelon patch used for treatment of Alzheimer disease through the transdermal drug delivery.

Drug Delivery Technologies Market - Competitive Landscape

Key players operating in the global drug delivery technologies market are focused on innovations related to drug delivery technologies, in order to improve patient compliance. For instance, in July 2018, Merck Pharmaceuticals and InnoCore Pharmaceuticals entered into a global collaboration agreement for InnoCore’s proprietary SynBiosys biodegradable polymer platform. The drug delivery technologies are used to develop sustained release solutions for biologicals in injectable formulations. The sustained release solutions play important role in drug formulation because it improve the patient adherence.

Some of the key players operating in the global drug delivery technologies market includes 3M, Bayer AG, Becton, Dickinson & Company, Johnson & Johnson, Pfizer, Inc., Novartis AG, Glaxosmithkline PLC, Vectura Group Plc., Roche Holding AG, Generex Biotechnology, Antares Pharma, Inc., Alkermes, Merck & Co., Inc, and Sanofi, Aradigm Corp.

Drug Delivery Technologies Market - Market Taxonomy

On the basis of route of administration, the global drug delivery technologies market is segmented into:

  • Oral
  • Parenteral
    • Intramuscular
    • Intravenous
    • Intra-Arterial
    • Subcutaneous route
  • Nasal Drug Delivery
  • Topical/Transdermal

On the basis of end user, the global drug delivery technologies market is segmented into:

  • Ambulatory Surgical Clinics
  • Diagnostic Centers
  • Hospitals
  • Homecare
  • Others

On the basis of region, the global drug delivery technologies market is segmented into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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