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North America Drug Delivery Market Is Growing At A Significant Rate In The Forecast Period 2017-2024

North America Drug Delivery Market Is Growing At A Significant Rate In The Forecast Period 2017-2024

North America Drug Delivery Market is expected to reach USD 823.55 billion by 2024 from USD 501.37 billion in 2016, at a CAGR of 6.4% in the forecast period 2017 to 2024.
North America Drug Delivery Market, By Route of Administration (Oral (Solid, Liquid, Semi-Solid), Injectable, Topical (Formulations, Transdermal Devices), Pulmonary (MDI, DPI, Nebulizers), Nasal, Ocular, Implantable, Transmucosal), By End-User (Hospitals, Clinics, Home Healthcare, Community Centers, Others), By Distribution Channel (Direct Tenders, Hospital Pharmacies, Pharmacy Stores, Online Pharmacies), By Country (U.S., Canada, Mexico) – Trends and Forecast to 2024

North America Drug Delivery Market is expected to reach USD 823.55 billion by 2024 from USD 501.37 billion in 2016, at a CAGR of 6.4% in the forecast period 2017 to 2024.The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The North America Drug Delivery Market are rising prevalence of chronic disease such as diabetes, growth of biologics, new product launches, drug innovation, technological advancements andgrowth in the development of biologics.On the other hand, factors such as side effects and injuries, infections, safety measures regarding the use of devices used for the administration of drug, patent expiry, product recall and patent cliff hampers the growth of the market.

The drug delivery market is segmented on the basis of route of administration, end users, and region.

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On the basis of route of administration the market is segmented into oral, injectable, topical, pulmonary, nasal, ocular, implantable and transmucosal. Oral drug is further segmented based on form into solid drug, semi-solid drug and liquid drug. The solid drugs include and are categorized as tablets, capsules, powders and pills. The semi-solid drugs are further segmented into gels, emulsions and elixirs. The liquid drugs are further classified into solutions and syrups.

On the basis of distribution channel the North America drug delivery market is segmented into hospital pharmacies, pharmacy stores, direct tenders and online pharmacy. In 2017, the direct tenders segment is expected to dominate the market.

On the basis of end users the market is segmented into hospitals, over the counter, clinics, home healthcare, community healthcare, and others. The hospitals segment dominates the North America drug delivery market with more than 40.0% market share.

The market is also segmented on the basis of end users into hospitals, research laboratories and others.

Based on North America, the market is segmented into three geographical regions:

  • U.S.
  • Canada
  • Mexico

The major factors driving the market for North America drug delivery market are rising prevalence of chronic disease such as diabetes, growth of biologics, new product launches, drug innovation, technological advancements and growth in the development of biologics.

Some of the major players operating in this market are

  • Johnson & Johnson Services, Inc.
  • Novartis AG
  • Pfizer, Inc.
  • Merck & Co.Inc.
  • Antares Pharma
  • 3M
  • Becton Dickinson and Company
  • Cima Labs Inc.
  • Valeant Pharmaceuticals International, Inc.
  • Catalent, Inc.

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Related Report

North America Injectable Drug Delivery Market – Industry Trends and Forecast to 2024

North America Injectable Drug Delivery Market – By Type {Devices (Conventional, Self), Formulations (Conventional, Noble, Long Acting)} Applications (Autoimmune Diseases, Hormonal Disorders, Others) Usage Pattern (Curative Care, Immunizations, Other Usage Patterns) Mode of Administration (Skin, Circulatory, Organs, Central Nervous System) End User (Hospitals, Clinics, Home Care Settings, Research Laboratories, Pharma & Biotech Companies) Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2024 http://databridgemarketresearch.com/reports/medical-devices/drug-delivery-devices/north-america-injectable-drug-delivery-market/

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