Drug Delivery Market to Grow Steadily by 2020 due to Increasing Concerns Over Side Effects of Some Particular Drugs Drug Delivery Market offers a promising approach for the delivery of various kinds of drugs that have different molecular formulation. Drug delivery technology is aimed at maximizing the drug delivery at the targeted site so as to increase the efficiency of drug and proposing improved patient compliance. With rising innovations and investments in novel drug delivery system, the overall market is set to grow during the forecast period, 2015-2020. Request for Sample Brochure: http://industryarc.com/pdfdownload.php?id=10599 Drug Delivery Systems are specialized technology for control and targeted release of drug. Drugs are being long used to improve health and extend lives since ages. The practice of drug delivery and drug formulation has changes dramatically in the last few decades. With Drug Delivery devices, medication discovered using the most advanced molecular biology strategies and having unacceptable side effects dues to drug interaction with parts of the body that are not target of drugs can be avoided. Drug delivery systems control the rate at which a drug is released and the target in the body where it is released. Side effect limits our ability to treat many diseases like neurodegenerative diseases, cancer, and infectious diseases; it is possible now with the drug delivery system. By type of technology used in the drug delivery devices, Insulin Pen & Pump is accounted to be the biggest revenue generating segment, according to recent market study by IndustryARC. Market Driving Factors: Factors such as rising incidences of chronic diseases, growth of the biologics market, innovation and technological advancements, are driving the growth of the drug delivery technology market. In addition, emphasis on innovation for improving the delivery of drugs is also contributing to the growth of the market. For instance, in February 2015, Sanofi and Mankind Corporation (U.S.) collaborated to launch Afrezza (insulin human) Inhalation Powder, inhalable insulin. This launch enabled the company to strengthen its product portfolio in nasal drug delivery. Such innovations are fueling the growth of the market. Geographical Brief: The global market of drug delivery is dominated by North America, followed by Europe. North America is expected to account for the largest share of the drug delivery technology market in 2015. Asia is expected to be the fastest-growing region in the market. High growth in this market can be attributed to the increased population, rising prevalence of chronic diseases in the emerging markets, and existence of unmet medical needs.
Table of contents and insights: http://industryarc.com/Report/10599/drug-delivery-market-analysis.html Market Segmentation: According to IndustryARC, the Drug Delivery Market is broadly segmented into 4 types based on the following deciding factors: 1. By Type: Pumps, Syringes, Inhalers, Transdermal Patches, Intrauterine Devices, Powdered Inhaler, Nebulizer and Others. 2. By Application: Oncology, Cardiology, Dermatology, Gynaecology, Asthma, Diabetes and Others. 3. By End Users: Patient, Hospitals & Clinics, Research Institute and CRO. 4. By Geography: Americas, Europe, APAC and ROW. Key Market Vendors: Drug Delivery Market is expected to rise in revenue and sales owing to acquisitions and growing investments from leading competitors. IndustryARC has studied more than 40 companies of the global market with the following as the key players: •
Abbott Laboratories
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Thermo Fischer Scientific
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Omron
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Consort Medical
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Medtronic
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