Injectable Drug Delivery Market by Device Type (Conventional Injectable, Pre-filled syringes, Auto-injectors, Pen Injectors, Wearable), by Product Type (Freeze-dried Products, Injectable Sterile Products), by End User (Hospitals, Homecare Settings, Clinics, Others), Forecast 2024-2032
The global injectable drug delivery market is expanding rapidly, reaching a valuation of USD 50.2 billion in 2021 and is projected to grow at a CAGR of 21.2% from 2022 to 2029, reaching USD 155.1 billion by 2029. Injectable drug delivery is a type of approach where the drug dosage is administered directly into the patient’s body using a needle and syringe. It involves drug administration through injection and comprises intravenous, intramuscular, and subcutaneous routes that take a short time for the drug to be absorbed and delivered at the site of action. Advantages of injectable drug delivery include accurate dose control, rapid bioavailability of the drug, and skip gut, particularly where high protein, enzyme, or pH levels may degrade the medicinal compound. Furthermore, injectable routes are required for delivering bioactive molecules or large molecules such as insulin and monoclonal antibodies that cannot be absorbed through the oral route. The advantages of injectable drug delivery are numerous: it has the advantage of producing first-notch effects that can be felt; it is preferred in cases where the patient cannot swallow drugs; and it has a relatively high bioavailability of the drug. It is essential in cases of emergencies, chronic disease management, and expenditure to administer vaccines, which can be directly introduced into the bloodstream or muscle without much hassle.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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