Drug Delivery Devices Industry

‘Drug delivery’ comprises systems, technologies, formulations, and approaches for the safe transportation of pharmaceutical compounds needed for the achievement of a desired therapeutic effect. Drug delivery involves scientific targeting of the site inside the body or facilitating pharmacokinetics systematically. However, it is concerned basically with the duration and quantity of drug presence in the body. Although drug delivery is generally approached by a chemical formulation of the drug, it is also delivered using drug device combination products or medical devices.

Drug delivery is largely integrated with route administration and dosage form. The technologies involved in drug delivery modify the release profile of the drug by elimination, distribution, and absorption for enhancing product safety and efficacy along with patience compliance and convenience. The common routes involved in the delivery of drug are inhalation routes, transmucosal (rectal, ocular, vaginal, sublingual/buccal, and nasal. However, medications such as gene and vaccine based drugs, antibody, and protein and peptide might not be delivered using these routes. As a result of this, these drugs are transported inside the body through injection or a nanoneedle array.

Various efforts are being are being initiated in the development of targeted drug delivery, sustained release of drugs, and implementation of methods to increase the life of peroral agents. The devices that have been specially designed and manufactured for the safe delivery of drug or a therapeutic agent through a special route of administration are known drug delivery devices. These devices are sold in the market in different forms such as nasal sprays, tinctures, transdermal patches, anesthetic machine and vaporizer, autoinjector, analytical nebulizer, bifurcated needle, capsule, cell encapsulation, cream, cypher stent, dermal patch, douche, drip chamber, drug-eluting stent, dual therapy stent, ear drop, elixir, emulsion, eye drop, fumigatory box, gel, humapen, hypodermic needle, infusion pump, jet injector, and inhaler among others.

The growth of the drug delivery devices market depends on factors such as the increasing incidences of chronic diseases across the world. Factors such as the progress of the biologics market and technological advancements, new product launches, and innovation in drug delivery techniques are further expected to bode well for the market growth. Manufacturers of various drug delivery devices can seek lucrative growth opportunities in homecare and self-administration drug delivery, growing demand for generic drugs, by collaborating with regional companies, and focusing on unmet needs.

However, the growth of the market is likely to be challenged by side effects of drugs, concerns related to needle stick injuries, patent cliff, patent expiry, pricing pressure, and regulatory hurdles. To maintain a strong hold on the market and expand their consumer base, leading companies are increasing their focus on product innovation and expansion of production units.

QYResearchReports.com has a repository of various research reports under the drug delivery devices category. The reports cover the regional and global scenarios of various different segments of the drug delivery industry. They also provide a comprehensive overview of the dynamics that are likely to affect the growth of the different segments of the drug delivery device market such as the intranasal drug delivery equipment. Moreover, the reports highlight the competitive landscape and the strategies and products of various companies operating in the market. The regions covered in the report are Europe, China, Japan, North America, Latin America, the Middle East and Africa, and Asia Pacific.

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