The Injectable Drug Delivery Market To Grow With Techno-Savvy Inputs

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Injectable Drug Delivery Market
Report Id PMRREP3774 Category Life Science
Healthcare
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The Injectable Drug Delivery Market To Grow With
Techno-Savvy Inputs

• Over the years, there has been a rise in the
  demand for convenient and efficient drug delivery
  systems for patients that rely on prescription
  drugs on a regular basis.
• This creates a lucrative opportunity for
  pharmaceutical manufacturers all over the world
  to develop sophisticated, easy-to-use, and
  effective injectable drug delivery devices.
  Moreover, rise in the prevalence of chronic
  diseases such as diabetes, cancer, and rheumatoid
  arthritis are likely to fuel the growth of
  the injectable drug delivery market during the
  forecast period.
• The global injectable drug delivery market was
  valued at US 30.5 Bn in 2018, and is expected to
  exhibit a CAGR of around 9 during the forecast
  period (20192029).

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Trends in Smart Injectable Drug Delivery
Technologies
There are many research and pipeline products
that will have the ability to connect with
smartphones and trackers. However, current smart
products are predominantly available as reusable
devices. This is attributed to the current state
of technology that requires further advancements
to apply to disposable products. According to a
number of studies and key opinion leaders in the
industry, there are a number of factors that
limit disposable injectable drug delivery devices
from being integrated with smart/connecting
technologies. Some of these factors include high
cost of Bluetooth integration, low range
connectivity with NFC, and lack of power source
for connectivity. Thus, although disposable
injectable drug delivery will continue holding a
larger share throughout the forecast period,
reusable injectable drug delivery devices have
the potential to grow at a relatively faster
rate, at least in the first five years of the
forecast period.
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