The global drug delivery solutions market is expected to grow significantly over the next few years. This growth is driven by several factors, including the increasing prevalence of chronic diseases, the growing demand for targeted and personalized medicine, and the increasing use of biologics and biosimilars.
The market for medication delivery solutions was estimated at US$ 94.3 billion in 2021 and is anticipated to increase at a 6.8% CAGR to reach US$ 181.9 billion by the end of 2031.
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One of the key trends in the drug delivery solutions market is the increasing use of novel drug delivery technologies, such as nanotechnology, liposomes, and polymeric nanoparticles. These technologies enable the targeted delivery of drugs to specific cells and tissues, which can improve drug efficacy and reduce side effects. Additionally, the use of these technologies can also help to overcome challenges associated with the delivery of large molecules, such as proteins and nucleic acids.
Another trend in the drug delivery solutions market is the increasing use of biosimilars. Biosimilars are highly similar copies of biological drugs that have been approved by regulatory authorities. These drugs can be used as a more affordable alternative to brand-name biologics, which can help to increase patient access to these important treatments.
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The global drug delivery solutions market is segmented by route of administration, which includes oral, parenteral, and others. The oral drug delivery segment is expected to hold the largest share of the market due to the convenience and ease of administration of oral drugs.
The market is also segmented by application, which includes oncology, diabetes, cardiovascular diseases, and others. The oncology application segment is expected to hold the largest share of the market due to the increasing incidence of cancer and the growing use of targeted cancer therapies.
Geographically, North America dominates the drug delivery solutions market, due to the presence of a large number of pharmaceutical and biotechnology companies in the region. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period, due to the increasing prevalence of chronic diseases, the growing healthcare infrastructure, and the rising disposable income in the region.
Overall, the global drug delivery solutions market is expected to experience significant growth in the coming years, driven by the increasing prevalence of chronic diseases, the growing demand for targeted and personalized medicine, and the increasing use of biologics and biosimilars.
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Competitive Landscape
Companies operating in the drug delivery solutions market are aiming at expansions and strategic partnerships with other manufacturers to expand their product manufacturing capabilities and strengthen their global footprints.
For instance,
- In November 2021, Schott AG received funding from the German Federal Ministry for the Environment (BMU) to develop climate-friendly glass production and reduce carbon emissions.
- Becton, Dickinson and Company, in November 2021, had the opening ceremony of its high-tech manufacturing facility in Zaragoza, Spain, for supporting the growth of pre-filled drug delivery systems.
- In 2021, Gerresheimer AG announced a strategic partnership with Midas Pharma for the development and marketing of its own IP autoinjector.
- In October 2021, West Pharmaceutical Services, Inc. launched a new Vialg2Bag Advanced 20 mm admixture device designed specially to maximize the benefits of point-of-care nursing.
- In August 2021, Ardagh Group S.A. announced the complete acquisition of Gores Holdings V, Inc. under a special purpose acquisition agreement with The Gores Group.
Key Players:
- Amcor Plc
- SCHOTT AG
- Gerresheimer AG
- Berry Global Group Inc.
- Mondi Plc
- Sealed Air Corp.
- Wipak Group
Drug Delivery Solutions Market By Category
By Product Type:
- Bottles
- Packer Bottles
- Liquid Bottles
- Vials & Ampoules
- Blisters
- Bags & Pouches
- Prefilled Syringes & Cartridges
- Sachets
- Trays
- Tubes
- Caps & Closures
- Container, Jars & Others
By Material:
- Plastics
- PE
- LDPE
- HDPE
- PVC
- PP
- PS
- PET
- Others
- Glass
- Metal
- Paper
By Applications:
- Nasal
- Pulmonary
- Injectable
- Eye Care
- Dermal/ Transdermal
- Other Applications
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