The global drug delivery devices market size was valued at USD 215.4 billion in 2019 and is anticipated to expand at a CAGR of 6.15% over the forecast period. Increasing adoption of advanced technology for effectively delivering the drug on the target site is expected to drive the overall market growth. Moreover, usage of these drug delivery devices reduces the chances of side effects by optimizing the drug presence at the target site. This helps in minimizing the dose and associated side effects. In addition, this helps in reducing the overall product price by reducing the amount of active pharmaceutical ingredient.
Increasing demand for novel drug delivery devices is expected to boost the R&D in the field. Major market players are continuously engaged in strategic alliances to develop advanced technology for various applications. In January 2019, AstraZeneca collaborated with Aptamer Group, a biotechnology company for exploring its technology to develop a novel drug delivery device for kidney. In addition, rising adoption of drug delivery devices in home-care settings is increasing the accessibility of these devices for patients.
Pertaining to the demand growth, various companies are developing patient-friendly drug delivery devices and other market players are acquiring these companies to expand their portfolio. In October 2019, Aptar Pharma acquired Noble International and its training drug delivery devices. Noble International developed patient-centric advanced drug delivery training devices such as prefilled syringes and auto-injectors. This acquisition will help patients to properly administer medications through advanced drug delivery devices.
Ongoing studies include technological advancements in drug delivery devices to make it more patient-friendly, accessible, and accurate. In line with this, players are continuously researching new technologies and are developing advanced drug delivery devices. In October 2019, Phillips-Medisize, now the subsidiary of Molex Company, announced that they are going to launch a combination and an electronic enabled wearable drug delivery device. Currently, the product combines two-day, single-use, disposable technology for subcutaneous drug delivery and is currently in the post-phase three development stage. Moreover, the company has already submitted the New Drug Application (NDA) to the Food and Drug Administration (FDA) with key data in support. The launch of this product is expected in the second half of 2020. In addition, advancement in polymer science is also contributing toward the advancement in drug delivery devices. The development of such unique polymers will enhance the accuracy of drug delivery by the devices. Therefore, development of technologically advanced drug delivery devices is expected to propel the market growth during the forecast period.
Despite the advantages and advancements associated with these drug delivery devices, certain challenges are expected to impede the market growth. The major challenge faced with this drug delivery device is its inefficiency in delivering poorly soluble drugs. Moreover, other bioavailability hurdles of poorly soluble drugs are also expected to impact market growth. In addition, these drug delivery devices may release uncontrolled drugs on the infection site which can later lead to other side effects such as infections and allergies.
Based on the route of administration, the market is segmented into oral, inhalation, transdermal, injectable, ocular, nasal, topical, and others. Other routes of administration include subcutaneous, intradermal, and intravenous. The oral route of administration held the largest share in 2019 and is expected to grow at a significant rate over the forecast period.
The oral drug delivery system includes a wide range of dosage forms including tablets, capsules, syrups, solutions, and suspensions. This segment also includes drug delivery products such as films and tablets. The oral route is the preferred route of administration in terms of safety, ease of use, cost, and drug stability. Inhalation drug delivery systems are preferred in cases of pulmonary conditions such as asthma and Chronic Obstructive Pulmonary Disease (COPD). Factors such as growing prevalence of respiratory diseases and technological advancement of devices used for inhalation delivery such as nebulizers and inhalers are expected to propel the growth of this segment.
The injectable route of administration is expected to expand at the fastest growth rate during the forecast period. Advancements in injectable drug delivery systems, such as the introduction of prefilled syringes and pen injectors, have increased the demand in the past few years. In addition, development of materials for syringes such as polymers, which are inert toward most of the chemicals, is driving the market growth.
Based on application, the market is segmented into oncology, infectious diseases, respiratory diseases, diabetes, cardiovascular diseases, autoimmune diseases, neurology, and others. Others include endocrine disorders and ophthalmic disorders. Drug delivery devices in the field of diabetes held the largest share in the market in 2019. This is mainly due to the increasing prevalence of diabetes. For instance, as per American Diabetes Association (ADA), 34.2 million Americans had diabetes in 2018, out of which 26.8 million were diagnosed and 7.3 million were undiagnosed. Therefore, an increasing number of diagnosed diabetes cases is expected to contribute toward the adoption of drug delivery devices in the field of diabetes.
The oncology segment held a significant share in the market and is expected to grow at a moderate rate over the forecast period owing to the increasing prevalence of cancer across the globe. In 2018, around 1.7 million new cases were diagnosed in the U.S. Two types of drug delivery systems majorly used in oncology are liposomal and albumin nanoparticle drug delivery devices.
The Central Nervous System (CNS) disorders segment is expected to experience the fastest growth rate during the forecast period. Growing incidence of neurological disorders such as Parkinson’s disorder, Alzheimer’s disease, Hunter’s syndrome, and brain tumor is expected to boost the segment growth over the forecast period. Therefore, to enhance the treatment of these neurological disorders, new drug delivery devices are being developed for CNS based on rational drug design and using receptor-ligand interaction for understanding the appropriateness of drug delivery on the site.
Based on the vehicle, the drug delivery devices market is segmented into hydrogel, micelle, dendrimer, nanoparticle, liposomes, scaffold, niosomes, and mesoporous material. The liposome is the most commonly used drug delivery vehicle. The advantages associated with this vehicle are expected to contribute to the growth of the segment. This liposome drug delivery vehicle is non-immunogenic, non-hemolytic, and non-toxic. Moreover, it is biodegradable and biocompatible and is designed for avoiding clearance mechanisms such as renal clearance, reticuloendothelial system, and chemical or enzymatic inactivation.
Hydrogels held a significant share in 2019 mainly due to its porosity and compatibility with an aqueous environment, which makes it an attractive drug delivery vehicle. In addition, these hydrogels can be molded into various forms such as microparticles, slabs, nanoparticles, films, and coatings, which in turn are expected to boost its adoption for various applications. The physical properties of hydrogels also act as an advantage for sustained drug release to the site. Therefore, controlled drug delivery by this vehicle is expected to propel the growth of the segment.
Nanoparticle drug delivery vehicle is expected to experience the fastest growth during the forecast period. Growing investigation and research on nanoparticles as a drug delivery vehicle is expected to contribute to the growth of this segment during the forecast period. Nanoparticles are considered to be a promising drug delivery vehicle for several applications. Various hydrophobic and hydrophilic blocks are being used for preparing polymeric nanoparticles, which in turn makes them capable to encapsulate both hydrophobic and hydrophilic drugs. Moreover, its structure also helps in binding macromolecules such as antibodies, nucleic acids, and proteins. Therefore, the growing development and usage of nanoparticle drug delivery vehicles is expected to boost the segment growth during the forecast period.
Based on end-use, the market is segmented into hospitals, diagnostic centers, ambulatory surgery centers/clinics, home care settings, and others. Others include research centers, universities, and institutes. Hospitals held the largest share in 2019 mainly due to increasing cases of cancer, diabetes, and neurological disorders. Patients admitted in the hospital with various disorders require different drugs for treatment for which various drug delivery devices are used. However, hospital-acquired infection is expected to impact the adoption of drug delivery devices in hospitals, which in turn may decline the segment growth during the forecast period.
Diagnostic centers also held a significant share in the market in 2019. Various diagnostic centers are focusing on developing and adopting novel drug delivery devices for delivering drugs accurately. Center for Drug Delivery and Nanomedicine (CDDN) is focusing on capturing existing expert knowledge both scientifically and technically in biomedical science research and material for creating nanomedicine program and interdisciplinary drug delivery. Moreover, the main mission of the center is to understand the efficiency and safety of various drugs and to develop innovative methods for drug delivery.
The home care settings segment is expected to experience the fastest growth rate during the forecast period. Major factors contributing to the growth of this segment are growing hospital-acquired infections, high-cost, and longer wait time in hospitals. This, in turn, is increasing the trend of self-administration and hence is resulting in increased treatments in-home care settings in comparison to hospitals and other diagnostic centers.
North America held the largest share in the market largely due to the presence of major players in the region and growing adoption of drug delivery devices. Moreover, increasing awareness in the region regarding the advantages of drug delivery devices is also expected to boost market growth in the region. In addition, growing product approval in countries such as the U.S. is also expected to contribute toward market growth. In March 2019, Aptar Pharma received the U.S. FDA approval for nasal drug delivery device.
Europe region held a significant share in 2019 and is expected to grow at a moderate rate. Developed economies and favorable regulatory procedures are some of the principal factors providing huge opportunities for the major market players in the region. Asia Pacific is expected to experience the fastest growth rate during the forecast period owing to high economic growth in the region. Moreover, a large patient pool in countries like Japan, China, and India is also leading to adoption of drug delivery devices by various end-users. In addition, in Japan, different types of drug delivery devices are coming in usage for delivering specific types of drugs. In December 2019, YpsoMate autoinjector entered the Japanese market for accurate delivery of Teribone drug. Therefore, growing adoption of advanced drug delivery devices in the region is expected to boost market growth during the forecast period.
The major players present in the market are Pfizer, Inc.; Johnson & Johnson Services, Inc.; F. Hoffmann-La Roche, Ltd.; Novartis AG; BD; Bayer AG; uniQure N.V.; and Sibiono GeneTech Co. Ltd. The market is fragmented in nature with many global as well as local players present in the market.
Market players are forming strategic alliances in the form of collaborations and partnerships to enhance their product portfolio. For instance, in September 2016, DelSiTech and Bayer signed a collaboration and technology license agreement for developing innovative delivery technology in the field of ophthalmology. Similarly, in December 2016, SMC Ltd. announced that it has acquired Oval Medical Technologies Ltd. for expanding the product portfolio by adding the latter’s advanced autoinjectors. Therefore, growing alliances for the development of drug delivery devices is expected to boost the overall market growth.
Attribute |
Details |
Base year for estimation |
2019 |
Actual estimates/Historical data |
2016 - 2018 |
Forecast period |
2020 - 2027 |
Market representation |
Revenue in USD Billion and CAGR from 2020 to 2027 |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Country scope |
U.S., Canada, U.K., Germany, France, Italy, Spain, Russia, The Netherlands, Switzerland, Turkey, Poland, China, India, Japan, Thailand, South Korea, Indonesia, Taiwan, Hong Kong, Philippines, Malaysia, Mexico, Brazil, Colombia, Argentina, Chile, South Africa, Saudi Arabia, UAE, Kuwait, Qatar |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analyst working days) |
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This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global drug delivery devices market report on the basis of route of administration, application, end use, vehicles, and region:
Route of Administration Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2027)
Oral
Inhalation
Transdermal
Injectable
Ocular
Nasal
Topical
Others
Application Outlook (Revenue, USD Billion, 2016 - 2027)
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
End-use Outlook (Revenue, USD Billion, 2016 - 2027)
Hospitals
Diagnostic Centers
Ambulatory Surgery Centers/Clinics
Home Care Settings
Others
Vehicles Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2027)
Hydrogel
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Micelle
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Dendrimer
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Nanoparticle
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Liposome
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Scaffold
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Mesoporous Material
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Niosomes
Oncology
Infectious Diseases
Respiratory Diseases
Diabetes
Cardiovascular Diseases
Autoimmune Diseases
Central Nervous System Disorders
Others
Regional Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2027)
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Spain
Russia
The Netherlands
Switzerland
Turkey
Poland
Asia Pacific
China
Japan
India
Thailand
South Korea
Indonesia
Taiwan
Hong Kong
Philippines
Malaysia
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Qatar
b. The global drug delivery devices market size was estimated at USD 215.4 billion in 2019 and is expected to reach USD 227.7 billion in 2020.
b. The global drug delivery devices market is expected to grow at a compound annual growth rate of 6.2% from 2020 to 2027 to reach USD 345.8 billion by 2027.
b. North America dominated the drug delivery devices market with a share of 32.45% in 2019. This is attributable to the presence of major market players in the region and the growing trend towards targeted drug delivery systems.
b. Some key players operating in the drug delivery devices market include Pfizer, Inc, Johnson & Johnson Services, Inc., F. Hoffmann-La Roche, Ltd, Novartis AG, BD, Bayer AG, uniQure N.V., Sibiono GeneTech Co. Ltd., Shanghai Sunway Biotech Co., Ltd, and Human Stem Cells Institute.
b. Key factors that are driving the market growth include the increasing prevalence of chronic disorders, growing importance to develop a patient complaint drug delivery system, and the increasing R&D expenditure related to drug delivery device by pharma companies.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.
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