Posts

Showing posts with the label Advanced Parenteral Drug Delivery Devices Market size

Advanced Parenteral Drug Delivery Devices Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

The Advanced Parenteral Drug Delivery Devices Market size is forecasted to reach $18.4 billion by 2027 and is expected to grow at a CAGR of 8.6% during the forecast period 2022-2027. Parenteral medication administration is the second most commonly used route of drug administration after oral drug administration. Some of the key components required by the delivery devices include pre-fillable syringe, hypodermic syringe, microneedle patch, injectors cartridge and catheters. As the number of parenteral medications continue to climb, so does the demand for sophisticated drug delivery devices; that provide ease of administration and cost containment. Healthcare systems around the world are feeling the strain as chronic diseases like diabetes, heart disease and COPD have become more common. Many pharmaceutical companies are responding by inventing parenteral drug delivery systems such as autoinjectors that patients can use to self-administer the drugs. This trend is posing a number of bus...