(PharmaNewsWire.Com, September 22, 2017 ) According to the report Europe Injectable Drug Delivery Market, published by Market Data Forecast the Market was worth USD 90.6 billion in 2016 and estimated to be growing at a CAGR of 11.57%, to reach USD 156.62 billion by 2021.
Injectable drug delivery is characterized as introduction of a drug or drugs in the patient by utilizing a delivery device. Injectables permit the transport of drug in fluid form, directly into the body.
The major factors which drive the market growth are increasing demand and technological advances for devices. The major limitations are infections and injuries due to Injectables and regulatory framework issues. Injectable Drug Delivery Market is segmented into Device Type, Formulation, Therapeutic Use, End-user Application, Region. On the basis of Device type, the market is segmented into Self-Injection Devices, Conventional Devices. On the basis of Formulation, the market is segmented into Conventional Drug Delivery, Novel Drug Delivery. On the basis of Therapeutic Use, market is divided into Autoimmune Disorders, Hormonal Disorders, Oncology. On the basis of end user application, the market is further divided into Hospitals, Homecare Settings, Research Institutes, Clinical Laboratories.
On the basis of geography, the Europe market is analyzed under various regions namely U.K, Spain, Germany, Italy and France. The injectable medication delivery market is led by North America and is trailed by Europe. However, the North American lags behind European injectable market in self-infusion devices because of low penetration rate of pen injectors in the U.S.
Some of the major companies dominating the market, by their products and services include Antares Pharmaceuticals Ltd, Baxter International, Becton Dickinson Company, Elcam Medical, Eli Lily and Company, Unilife Corporation and West Pharmaceutical Inc.
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