Europe Drug Delivery Market 2020:Size,Share,Trends,Covid-19 Impact,Forecast To 2027||Players-F. Hoffmann-la Roche Ltd, Bayer AG, Pfizer Inc., 3M, Antares Pharma, GlaxoSmithKline Plc, Merck Sharp & Dohme Corp
“Europe Drug Delivery Market –Industry Trends and Forecast to 2027” New Research Report Added to Databridgemarketresearch.com database. The report width Of pages : 350 Figures: 60 And Tables: 220 in it.
This Drug Delivery Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Drug delivery market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.2% in the forecast period of 2020 to 2027 and is expected to reach USD 657.61 billion by 2027.
The major players covered in the report are Johnson & Johnson Services, Inc., Novartis AG, F. Hoffmann-la Roche Ltd, Bayer AG, Pfizer Inc., 3M, Antares Pharma, GlaxoSmithKline Plc, Merck Sharp & Dohme Corp. (a subsidiary of Merck & Co., Inc.), Nemera and Sanofi among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of drug delivery market.
- In January 2020, Bayer AG completed the submission of an application to European medicines agency (EMA) for already filled syringe to administer the medicine Eylea, this will give physicians innovative methods to administer the intravitreal drug with effortlessness.
- In December 2019, Merck and Pfizer Inc. and Theravance Biopharma, Inc. have come into licensing agreement for skin-targeted, locally-acting pan-janus kinase (jak) inhibitor program which will allow Merck and Pfizer Inc. to use the advanced therapy.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for Drug delivery through expanded range of size.
Europe Drug Delivery Market Scope and Market Size
Drug delivery market is segmented on the basis of product type, end user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into oral drug delivery, pulmonary drug delivery, injectable drug delivery, opthalmic drug delivery, nasal drug delivery, topical drug delivery, implantabledrug delivery and transmucosal drug delivery. In 2020, oral drug delivery segment is expected to dominate the market due to the high reception of oral drug delivery route of administration by the patients as it is one of the humblest, convenient, and harmless routes for drug administration.
- On the basis of end user, the market is segmented into hospitals, community healthcare, home healthcare, clinics and others. In 2020, hospitals segment is expected to dominate the market as hospitals are the first contact points for various types of treatments and surgical procedures, also the needs of all the in-house patients are catered.
- On the basis of distribution channel, the market is segmented into hospital pharmacies, pharmacy stores, direct tenders and online pharmacy. In 2020, direct tenders segment is expected to dominate the market as cost benefits are provided to end users by direct tenders as compared to retail sales as well as direct tenders right away supply drug delivery devices from manufacturer to hospitals, dermatological clinics and others.
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Rising Demand of Fractional Drug delivery
Drug delivery market report also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in drug delivery and changes in regulatory scenarios with their support for the drug delivery market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Drug Delivery Market Share Analysis
Drug delivery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe drug delivery market.
Europe Drug Delivery Market Drivers:
Rising prevalence of chronic disease and non-chronic disease and growth in the development of biologics around the globe is a driving factor for the market growth.
Drug delivery market has increased with technological development and the growth in the development of biologics in the developed as well as developing countries. For instance, there were many advances in the nasal route of drug delivery also, like the FDA approval given to XHANCE in 2017 which is a nasal spray which works on the mechanism of bi-directional exhalation delivery systems (EDS).
Increasing awareness about diagnosis and treatment has increased the market for drug delivery devices as people prefer early diagnosis and on time treatment and rising acceptance of self-administering drugs has driven the market for drug delivery devices. Currently, various therapeutic advancements are taking place which is anticipated to create a competitive advantage for manufacturers to create novel and inventive drug delivery devices and are expected to offer various other opportunities in the drug delivery market.
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