Global Drug Delivery Market

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Need for Efficient Delivery Mechanisms drives
Global Drug Delivery Market Growth
According to Inkwood Research, the Global Drug
Delivery Market is projected to register a CAGR
of 6.84 in terms of revenue during the
forecasting years of 2022-2030. Browse 83 Market
Data Tables and 120 Figures spread over 366
Pages, along with an in-depth TOC on the Global
Drug Delivery Market Forecast 2022-2030. VIEW
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Drug delivery is a technology that delivers
the drug to the desired body site for drug
release and absorption. It is a formulation that
facilitates the introduction of a therapeutic
substance in the body, improving its efficacy by
regulating the place, time, and rate of the drug
release in the body. For instance, drug delivery
can tremendously affect retinal disease treatment.
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Rising Demand for Effective Drug Delivery
Mechanisms propels Market Growth
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The increasing demand for effective delivery
mechanisms propels the demand for drug delivery
technology. This is because these offer several
advantages over conventional delivery systems.
These include increased duration and efficacy of
drug activity, enhanced targeting of a specific
site, decreased dosing frequency, and more
convenient routes of administration to minimize
unwanted side effects. Also, drug delivery
technologies aid drug manufacturers in
differentiating new therapeutics from existing
products. For instance, scientists in the US
developed an oral method for administrating
insulin in 2016. The method was an alternative
for diabetes patients and less painful than the
conventional one requiring them to inject
themselves to manage blood sugar levels.
Moreover, advanced drug delivery technologies
help surpass conventional barriers like poor
solubility, enzyme degradation, poor solubility,
etc., involved in conventional oral drug delivery
mechanisms. Highest Revenue-Generating Route of
Administration Oral Drug Delivery (ODD) ODD
(oral drug delivery) is an increasingly preferred
route of drug administration since it offers ease
in the manufacturing process, flexibility in
dosage design form, cost-effectiveness, fewer
sterility constraints, non-invasiveness, and high
patient compliance. Designing innovative drugs
and ODD is an emerging field. Also, manufacturers
are developing oral drugs for different
infectious diseases and chronic diseases. For
instance, oral drugs like Sulfonylureas and
Metformin can help achieve diabetes patients
required blood sugar levels. At the same time,
ODD problems include poor drug administration
bioavailability due to solubility, permeability,
and dissolution. Largest Revenue-Generating
Region North America In North America, the
growing prevalence of health-related disorders
and diseases propels the demand for advanced
healthcare services and technologically advanced
equipment and treatment methods. Also, the
requirement for competent and qualified medical
professionals to operate such equipment offers
high employment opportunities. The other factors
contributing to the market growth are the
increased healthcare expenditure, prevalence of
chronic disease, and the aging population. The
increasing number of dealers and distributors is
projected to increase the competitive rivalry.
Also, market players are gaining market
penetration through geographic expansion in
developing countries. Request for
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