Injectable drug delivery Market Research Report: Information by Devices (Conventional Injection Devices, Self-Injection Devices), By Therapeutic Application (Autoimmune Diseases, Hormonal Disorders and Cancer) By Usage Pattern (Curative pattern, Immunization), By Site of Delivery (Intramuscular, Subcutaneous, Intra Dermal), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Global Injectable Drug Delivery Market Overview

Injectable Drug Delivery Market Size was valued at USD 17.5 billion in 2022. The Injectable drug delivery market industry is projected to grow from USD 19.53 Billion in 2023 to USD 37.73 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.6% during the forecast period (2023 - 2030). These systems are designed to transport medications to the target site, making them more localized and easier to reach than through the circulatory system. Patients who depend on their medications daily prefer modern procedures over traditional injection devices. Due to this, manufacturers have a lucrative potential to create complex, user-friendly, and efficient devices due to the growing need for suitable and efficient medication delivery systems, hence driving the injectable drug delivery market. These are just a few of the market drivers that are driving the market. 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Injectable Drug Delivery Market Trends

• Risk of infectious diseases to propel market growth

The conventional vial-and-syringe drug administration method has a significant risk of infections and is prone to dosing and handling errors. Alternatively, as they are a secure and highly efficient method of drug delivery to the body, this can be reduced by utilizing pre-filled syringes and reusable glass syringes. Growing patient knowledge and enthusiasm for an easy-to-use, minimally invasive method of injectable drug delivery is what's driving the market's expansion globally. The development of low-cost systems due to their efficiency, precise delivery, and simplicity is another factor boosting the market for injectable medication delivery. Additionally, it is projected that the booming innovations for creating unique drug delivery methods and the quick development of healthcare infrastructure would increase product sales, assisting in the market's growth throughout the forecast period. Thus, this factor is driving the market CAGR.

Technological advancements have significantly impacted the drug distribution sector. For instance, Lexaria Bioscience announced in March 2020 that it would begin researching its Dehydra Tech drug delivery system to combat COVID-19. The upgrade of OXYCAPT, a multilayer plastic vial and syringe that enables numerous qualities, such as an exceptional oxygen barrier, UV barrier, and others, was also announced by Mitsubishi in October 2019. Therefore, it is anticipated that increasing R&D spending and launching cutting-edge products by competitors will foster the market's expansion. During the forecast period, there will be increased usage of wearable, pen-injector, and needle-free injectors for managing infectious and chronic diseases. Numerous pharmaceutical businesses have started updating their offers by reviewing their packaging and sterilizing providers as a result of COVID-19's impact on public awareness of hygiene and safety. The goal of the combination between Catalent and Bristol-Myers Squibb is to provide sterile product manufacturing and packaging. Customers will likely have access to sterilized goods and packaging as a result of the outbreak. Additionally, SCHOTT and West Pharmaceuticals Services signed a collaboration agreement in November 2019 to make sterile-packed, simple, easy-to-use injectable drug delivery systems available to the public. Thus, it is anticipated that this aspect will accelerate Injectable drug delivery market revenue globally.

Injectable Drug Delivery Market Segment Insights

Injectable Drug Delivery Device Insights

The injectable drug delivery market segmentation, based on devices, includes conventional injection devices, and self-injection devices. The self-injection devices segment held the majority share in 2022 in the Injectable drug delivery market revenue. The market's fastest-growing sector comprises the items that makeup self-injection devices. The employment of these tools makes it easier to manage and control numerous illnesses on a fundamental level. Needles-free injectors allow for the painless delivery of pharmaceutical medications, making this market segment one of the most lucrative.

Injectable Drug Delivery Therapeutics Application Insights

The Injectable drug delivery market segmentation, based on therapeutics application, includes autoimmune diseases, hormonal disorders and cancer. The hormonal disorders and cancer segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to the rising number of cancer cases worldwide and the increased amount of research being done to identify treatments for various types of cancer, the hormonal disorders and cancer segment contributed significantly to the worldwide injectable drug delivery market's revenue. Prostate cancer, breast cancer, rectal cancer, lung and bronchial cancer, non-Hodgkin lymphoma, and other malignancies are among the most prevalent. More than 2.3 million women will receive a breast cancer diagnosis in 2020.

Figure 1: Injectable Drug Delivery Market, by Therapeutics Application, 2022 & 2030 (USD Billion) 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Injectable Drug Delivery Usage Pattern Insights

The injectable drug delivery market data, based on usage pattern, includes curative pattern, and immunization. The immunization segment dominated the injectable drug delivery market revenue in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The outbreak of a pandemic has greatly increased the demand for country-wide immunization programs and is expected to continue to grow attributing to the prevalence of infectious diseases.

Injectable Drug Delivery Site of Delivery Insights

The injectable drug delivery industry, based on usage site of delivery, includes intramuscular, subcutaneous, intradermal. The intramuscular segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the fact that most common injectable drugs are delivered through intramuscular shots such as upper arm, thigh and buttocks.

Injectable Drug Delivery Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Injectable drug delivery market accounted for USD 8.01 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. The rise in biologics sales and the rise in demand for self-injection devices are factors in the prevalence of chronic diseases. With the increasing cases of chronic diseases, the rise in disposable income, the rising concern for comfort and safety, and the rising number of partnerships in this market, this sector is expected to experience the largest growth. New product development, partnerships, partnerships, expansions, mergers, and acquisitions are the main strategies used by the organisations in the market.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: INJECTABLE DRUG DELIVERY MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Injectable drug delivery market accounts for the second-largest market share. This region now dominates the market for insulin pens in Europe as a result of increasing research and development in this area. The two German businesses, Emperra GmbH E-Health Technologies and Pendiq Intelligent Diabetes Care, respectively, developed and commercialized the insulin pens ESYSTA and Pendiq. Moreover, UK Injectable drug delivery market held the largest market share, and the Germany Injectable drug delivery market was the fastest-growing market in the region.

Asia Pacific Injectable drug delivery Market is expected to grow at the fastest CAGR from 2022 to 2030. It is Since more people are becoming aware of these delivery methods, there are more patients, and ready-to-use injectables are replacing traditional drug administration injectables. Further, the China Injectable drug delivery market held the largest market share, and the India Injectable drug delivery market was the fastest-growing market in the region.

Injectable Drug Delivery Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Injectable drug delivery market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the Injectable drug delivery industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the Injectable drug delivery industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Injectable drug delivery industry has provided medicine with some of the most significant benefits. The Injectable drug delivery market major player such as Eisai Co. Ltd, Antares Pharma, AstraZeneca, Becton, Dickinson and Company, Eli Lilly and Company.

With its corporate headquarters in Düsseldorf, Gerresheimer AG is a German manufacturer of packaging materials for medication and drug delivery systems manufactured of special-purpose glass and plastics. The corporation operates production facilities in Asia, the Americas, and Europe. Gerresheimer increased the scope of its collaboration with Taisei Medical Co. Ltd. in 2016 to promote its ClearJect syringes and offer technical support to customers. Additionally, the business intends to expand its line of COP syringes in collaboration with Taisei Medical by producing Gx RTF ClearJect brand syringes that combine ClearJect and its glass RTF (ready-to-fill) idea. This partnership is intended to assist the company in expanding both its clientele and product line in the syringe needles sector.

An American international healthcare corporation, Baxter International Inc., has its corporate headquarters in Deerfield, Illinois. The company's main areas of concentration include chronic and acute medical disorders, including kidney illness. The leading manufacturer of active pharmaceutical ingredients, ScinoPharm Taiwan, Ltd., and Baxter International Inc. partnered strategically in February 2017. (API). Five injectable medications will need to be developed, produced, and made available for sale as part of this collaboration.

Key Companies in the Injectable drug delivery market includes

• Eisai Co. Ltd

• Antares Pharma

• AstraZeneca

• Becton

• Dickinson and Company

• Eli Lilly and Company

• Hoffmann-La Roche AG

• Johnson & Johnson Services Inc.

• Mylan N.V.

• Novartis AG

Injectable Drug Delivery Industry Developments

March 2020:In 50-subject human clinical research for their investigational device, the BD Libertas Wearable Injector, Becton, Dickinson, and Company reported that they had completed their purchases.

April 2020:The AJOVY auto-injector has been made available in the United States, according to TEVA Pharmaceuticals USA, Inc. As a prophylactic precaution, this gadget is made to cure adult migraines.

Injectable Drug Delivery Devices, Devices Outlook (USD Billion, 2019-2030)

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  Conventional Injection Devices

  
  


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  Self-Injection Devices

  
  

Injectable Drug Delivery Devices Therapeutic Application Outlook (USD Billion, 2019-2030)

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  Autoimmune Diseases

  
  


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  Hormonal Disorders and Cancer

  
  

Injectable Drug Delivery Devices Usage Pattern Outlook (USD Billion, 2019-2030)

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  Curative pattern

  
  


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  Immunization

  
  

Injectable Drug Delivery Devices Site of Delivery Outlook (USD Billion, 2019-2030)

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  Intramuscular

  
  


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  Subcutaneous

  
  


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  Intra Dermal

  
  

Injectable drug delivery Regional Outlook (USD Billion, 2019-2030)

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  North America

  
  

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  US

  
  


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  Canada

  
  

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  Europe

  
  

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  Germany

  
  


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  France

  
  


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  UK

  
  


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  Italy

  
  


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  Spain

  
  


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  Rest of Europe

  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America