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Pharmaceutical Drug Delivery Market - Global Forecast to 2023 | Emerging Trends

 



(PharmaNewsWire.Com, June 26, 2020 ) The factors supporting market growth include the rising prevalence of chronic diseases, growth in the biologics market, and technological advancements & new product launches.



This study involved four major activities to estimate the current size of the Pharmaceutical Drug Delivery Market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.



The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.



Market Size Estimation



Both top-down and bottom-up approaches were used to estimate and validate the total size of the pharmaceutical drug delivery market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:



# The key players in the industry and market have been identified through extensive secondary research

# The pharmaceutical drug delivery market generated by leading players has been determined through primary and secondary research

# All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources



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In 2018, the infectious diseases segment accounted for the largest share



Based on application, the pharmaceutical drug delivery market is segmented into infectious diseases, cancer, cardiovascular diseases, diabetes, respiratory diseases, central nervous system disorders, autoimmune diseases, and other applications. In 2018, the infectious diseases segment accounted for the largest share of the pharmaceutical drug delivery market. The large share of this segment can be majorly attributed to the increasing prevalence of infectious diseases and increasing company initiatives to enhance R&D related to infectious diseases.



North America was the largest regional market for pharmaceutical drug delivery in 2018



The global pharmaceutical drug delivery market is segmented into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. In 2018, North America accounted for the largest share of the market. The large share of the North American market can be attributed to factors such as growth in biologics in the pharmaceuticals market; the rising prevalence of chronic diseases increasing patient compliance to innovative drug delivery technologies; and the presence of a large number of prominent players in this region.



The global pharmaceutical drug delivery market is highly competitive owing to the presence of several large and small players. Johnson & Johnson, Inc. (US), F. Hoffman-La Roche (Switzerland), Merck & Co., Inc. (US), Bayer AG (Germany), Pfizer, Inc. (US), Novartis AG (Switzerland), 3M Company (US), Becton, Dickinson and Company (US), GlaxoSmithKline plc, (UK), Sanofi (France), and Antares Pharma, Inc. (US) are some of the leading players operating in the pharmaceutical drug delivery market.



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