We are monitoring the impact of COVID-19 on North America Drug Delivery Devices Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 2252
Share on
Share on

North America Drug Delivery Devices Market Research Report – Segmented By Route Of Administration, Facility Of Use and Country (The United States, Canada and Rest of North America) - Industry Analysis, Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 2252
Pages: 180

North America Drug Delivery Devices Market Size (2021 to 2026)

The North America Drug Delivery Devices Market size is expected to worth USD 613.39 million by 2026 and USD 458.14 million in 2021, growing at a CAGR of 6.01% during the forecast period.

The North American drug delivery devices market is expected to drive by the prevalence of chronic diseases across the region; currently, new drug delivery systems play a significant role in the pharmaceutical industry. In addition, research and development (R & R&D) in drug delivery are increasing worldwide due to the increasing prevalence of these diseases. Other factors driving the growth of the drug delivery devices market include an increased elderly population and the substantial use of biologics. Additionally, the growing use of medication delivery systems in home-care settings makes these devices more accessible to patients. The region's leading market players are constantly forming strategic collaborations to create innovative technology for various applications. Most pharmaceutical companies in the region concentrate their efforts on numerous drug delivery methods to get competitive advantages and better results for their marketed medicines. As a consequence of the rising incidence of chronic illnesses, there is a higher need for therapeutic medicines and treatments, which is likely to fuel the expansion of the drug delivery devices market in the developed countries such as the United States and Canada. Furthermore, throughout the last several decades, medication administration practice has evolved considerably, and improvements in drug delivery technology are expected in the near future. 

High development potential in developing economies, on the other hand, is projected to provide profitable possibilities throughout the projection period. The increasing number of clinical studies for the Covid-19 vaccine will contribute to the drug delivery device market's expansion. Phillips-Midsize, a Molex Company subsidiary, stated in October 2019 that they would debut a combination of an electronic-enabled wearable medication delivery system. 

The device is now in post-phase three development and combines two-day, single-use, disposable technology for subcutaneous medication administration. 

Furthermore, the business has already submitted a New Drug Application (NDA) containing key data to the Food and Drug Administration (FDA). As a result, the product's debut is scheduled for the second half of 2020. Furthermore, advances in polymer science are assisting in the creation of medication delivery systems.

However, the North American drug delivery devices market growth is hampered by the strict government regulations connected with the introduction of novel drug delivery devices. As a result, companies functioning in the market must adjust to changes in the regulatory environment, which may have a negative impact on their bottom line. Companies will also have to pay a hefty price for adjusting to the shifting regulatory environment. Furthermore, abrupt changes in the regulatory framework governing medical devices might result in losses, fines, and penalties.

This research report on the North America Drug Delivery Devices Market segmented and sub-segmented into the following categories:

By Route of administration:

  • Oral Drug Delivery
  • Pulmonary Drug Delivery
  • Injectable Drug Delivery
  • Ocular Drug Delivery
  • Nasal Drug Delivery
  • Topical Drug Delivery
  • Implantable Drug Delivery
  • Tran mucosal Drug Delivery

By Facility of Use: 

  • Hospitals
  • Ambulatory Surgical Centers
  • Home Care settings
  • Diagnostic Centers

By Region: 

  • The United States
  • Canada
  • Rest of North America

Regionally, North America is currently leading the global market due to increased awareness and per capita income. The United States is the world's largest economy, led by Canada. The growth of the North American market is further driven by the high prevalence of chronic disorders, the development of new drug delivery devices, and increasing healthcare expenditure. Developed economies and advantageous regulatory procedures are two of the most important elements presenting enormous potential for the region's key industry participants. Due to the region's strong economic growth, North America is anticipated to expand faster throughout the projection period. However, the presence of major market players in the region, such as the United States and Canada, influences the market growth. The United States accounted for the largest share of the Drug Delivery Devices Market in the North American regional market. Increasing awareness among the people in the country about the advantages of drug delivery devices and advancing healthcare infrastructure is majorly driving the market in the country. Furthermore, rising product acceptance in nations such as the United States is projected to boost the market growth. For example, Aptar Pharma obtained FDA clearance for a nasal medication delivery device in March 2019. On the other hand, the Canadian drug delivery devices market is anticipated to contribute to the North American regional market growth owing to the growing demand for novel drug delivery devices. 

KEY MARKET PLAYERS:

Some of the prominent companies leading the North America Drug Delivery Devices Market profiled in the report are Bend Research, Endocyte, Microchips Inc., Pearl Therapeutics Inc., Presage Bioscience, UCB Group, Genentech Inc., Polymer Factory, Alkermes Inc., BIND Biosciences Inc., and QLT Inc.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Route of administration                        

                                5.1.1 Introduction           

                                5.1.2 Oral Drug Delivery

                                5.1.3 Pulmonary Drug Delivery  

                                5.1.4 Inject able Drug Delivery   

                                5.1.5 Ocular Drug Delivery           

                                5.1.6 Nasal Drug Delivery             

                                5.1.7 Topical Drug Delivery          

                                5.1.8 Implantable Drug Delivery                

                                5.1.9 Tran mucosal Drug Delivery             

                                5.1.10  Y-o-Y Growth Analysis, By Route of administration            

                                5.1.11  Market Attractiveness Analysis, By Route of administration          

                                5.1.12  Market Share Analysis, By Route of administration            

                5.2 Facility of use                             

                                5.2.1 Introduction           

                                5.2.2 Hospitals  

                                5.2.3 Ambulatory Surgical Centers           

                                5.2.4 Home care settings             

                                5.2.5 Diagnostic Centers               

                                5.2.6 Others      

                                5.2.7 Y-o-Y Growth Analysis, By Facility of use    

                                5.2.8 Market Attractiveness Analysis, By Facility of use  

                                5.2.9 Market Share Analysis, By Facility of use    

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 Route of administration

                                                6.1.3.3 By Facility of use

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Route of administration

                                                6.1.4.3 By Facility of use

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Route of administration

                                                6.1.5.3 By Facility of use

                6.2 United States                            

                6.3 Canada                         

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Bend Research                          

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Endocyte                     

                8.3 MicroCHIPS Inc                         

                8.4 Pearl Therapeutics Inc                           

                8.5 Presage Bioscience                 

                8.6 UCB Group                 

                8.7 Genentech Inc                          

                8.8 Polymer Factory                       

                8.9 Alkermes Inc                              

                8.10 BIND Biosciences Inc                            

                8.11 QLT Inc                       

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organisations a strong financial foothold in the market
  1. North America Drug Delivery Devices Market, By Route of administration , From 2021 TO 2026 (USD billion)
  2. North America Oral Drug Delivery Market, By Region, From 2021 TO 2026 (USD billion)
  3. North America Pulmonary Drug Delivery Market, By Region, From 2021 TO 2026 (USD billion)
  4. North America Injectable Drug Delivery  Market, By Region, From 2021 TO 2026 (USD billion)
  5. North America Ocular Drug Delivery  Market, By Region, From 2021 TO 2026 (USD billion)
  6. North America Nasal Drug Delivery Market, By Region, From 2021 TO 2026 (USD billion)
  7. North America Topical Drug Delivery  Market, By Region, From 2021 TO 2026 (USD billion)
  8. North America Implantable Drug Delivery  Market, By Region, From 2021 TO 2026 (USD billion)
  9. North America Tran mucosal Drug Delivery Market, By Region, From 2021 TO 2026 (USD billion)
  10. North America Drug Delivery Devices Market, By Facility of use, From 2021 TO 2026 (USD billion)
  11. North America Hospitals Market, By Region, From 2021 TO 2026 (USD billion)
  12. North America Ambulatory Surgical Centers Market, By Region, From 2021 TO 2026 (USD billion)
  13. North America Home Care settings Market, By Region, From 2021 TO 2026 (USD billion)
  14. North America Diagnostic Centers Market, By Region, From 2021 TO 2026 (USD billion)
  15. North America Others Market, By Region, From 2021 TO 2026 (USD billion)
  16. United States Drug Delivery Devices Market, By Route of administration, From 2021 TO 2026 (USD billion)
  17. United States Drug Delivery Devices Market, By Facility of use, From 2021 TO 2026 (USD billion)
  18. Canada Drug Delivery Devices Market, By Route of administration, From 2021 TO 2026 (USD billion)
  19. Canada Drug Delivery Devices Market, By Facility of use, From 2021 TO 2026 (USD billion)

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 3335

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample