Comprehensive Report on Global Drug Delivery by Knowledge Sourcing Intelligence
The global drug delivery market is projected to grow at a CAGR of 7.93% to reach US$1,058.792 billion by 2024, from US$669.691 billion in 2018. The market demand for drug delivery devices is fueling owing to the requirement of development of technologies/devices/systems for the controlled and targeted release of drugs into the human body. The growing geriatric population, prevalence of chronic diseases worldwide, rising health expenditure, and growing pharmaceutical industry are the major market drivers of the market. Types of drug delivery devices include inhalation drug delivery devices, inject-able drug delivery systems, nasal drug delivery, oral drug delivery, and trans-dermal drug delivery. These are available in the form of patches, oral pills, nasal sprays, and implantable drug delivery devices among others. Furthermore, growing investments in research and development will provide more opportunities for the market growth during the forecast period and beyond. Global Drug D