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Novel Drug Delivery Systems Market Size - By Route of Administration (Oral Drug Delivery Systems, Injectable Drug Delivery Systems, Pulmonary Drug Delivery Systems, Transdermal Drug Delivery Systems, and Others), Mode of NDDS (Targeted Drug Delivery Systems, Controlled Drug Delivery Systems, Modulated Drug Delivery Systems) And By Region & Forecast, 2024-2033

  • PUBLISHED ON
  • 2023-10-24
  • NO OF PAGES
  • 275
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

Novel Drug Delivery Systems Market is projected to achieve a value of USD 18,234 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 56,754 Million by 2033 with a CAGR of 20.5% during the forecast period 2024-2033.

Novel Drug Delivery Systems (NDDS) is a new technique to administer the pharmaceutical drugs in the body in a new way to maximize the therapeutic effect of drug than the traditional process. The system represents innovative approaches for enhancing the efficacy and safety of medication administration.

These mechanisms are designed to precisely administer the appropriate dosage of a drug for the required duration at the specific location within the body. Consequently, NDDS can maintain a consistent and therapeutic drug concentration in the body while mitigating adverse reactions and toxicity. Additionally, they can facilitate the targeted delivery of drugs to particular cells or organs, particularly in the context of cancer treatments.

For instance, according to a study published by American Chemical Society in 2023, as the therapeutic landscape has evolved, transitioning from traditional small-molecule drugs to a new generation of therapeutics encompassing proteins, peptides, monoclonal antibodies, nucleic acids, and even live cells, drug delivery technologies have adapted to cater to the specific requirements of these advanced therapies.

Market Scope

Report Attributes

Description

Market Size in 2023

USD 18,234 Million

Market Forecast in 2033

USD 56,754 Million

CAGR % 2024-2033

20.5%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

by Route of Administration, Mode of NDDS

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

F. Hoffmann-La Roche AG, Merck & Co., Inc, Abbott Laboratories, Bayer AG, GlaxoSmithKline Plc, Sanofi SA., Novartis AG, Pfizer Inc.

 

Globally novel drug delivery systems market is experiencing significant growth, primarily propelled by the growing demand for controlled drug delivery systems in response to the escalating prevalence of chronic conditions like diabetes, cardiovascular disease, renal disorders, asthma, cancer, and more. Increased awareness about these health issues is driving a heightened demand for advanced and efficient therapeutic solutions, motivating companies to innovate and develop novel drug delivery systems, thus contributing to the market's expansion.

Moreover, the increasing prevalence of chronic diseases, combined with new investments and advancements in the area, is anticipated to pave the way for the development of novel drug delivery systems and provide a significant impetus to the growth of the market under examination during the forecast period. For instance, according to the recent update from the Global Cancer Observatory Data in March 2021, it is projected that the worldwide cancer burden will surge from 19.3 million cases, based on the latest available data, to 28.9 million cases by the year 2040. This substantial prevalence is anticipated to be a key driver for overall market growth during the projected period.

COVID 19 pandemic significantly negative impact on the novel drug delivery systems market due to several reasons. Disturbance in supply chain, delay in clinical trials because of restriction on unessential research programs. Moreover, pharmaceutical and biotech industry diverted towards the COVID-19 vaccine research and development trials and utilizing resources away from NDDS for other therapeutic areas which impact on the market growth.

Market Dynamics

The Novel Drug Delivery Systems Market is driven by increasing the prevalence of chronic disease, patient adherence and convenience, improved Therapeutic Efficacy, advancements in drug delivery technologies. Moreover, government initiative and support in development of health care facilities driving the demand for novel and inventive medications in the global market.

Moreover, the increasing focus on research and development efforts by key market players to introduce novel and inventive treatment options, along with robust support from international and government healthcare organizations in terms of funding, is anticipated to propel the growth of the global market. Additionally, the positive marketing approval for new innovative therapeutic drug stimulate the novel drug delivery systems market growth over the forecast period. For instance, June 2022, Gufic Biosciences Ltd. has introduced an innovative drug delivery system called the Dual Chamber Bags (DCB). These DCBs consist of two chambers and are constructed from polypropylene, ensuring they are free from DEHP. They are also equipped with a peelable aluminum foil, enabling the safe storage of medications that are unstable and require reconstitution just prior to being administered to patients.

Additionally, despite many growth factors there are some factors which affect negatively and challenge the novel drug delivery systems industry growth. The development of novel drug delivery methods is often associated with high costs, numerous innovative technologies with potential might encounter failure during clinical trials or encounter challenges with market acceptance, strict regulatory requirements and the possibility of product recalls can be significant concerns.

Overall, the Novel Drug Delivery Systems Market is poised for substantial growth in the near future, primarily attributed to the emergence of new therapies and a growing demand for effective treatments, achieved through existing and combination treatment approaches. Furthermore, there is an insistent requirement for advanced research and development efforts to address the unmet needs within NDDS treatment, with a focus on creating safer and more efficient therapies that minimize side effects.

Market By Route of Administration Analysis

By Route of Administration, the Novel Drug Delivery Systems Market is Categories into Oral Drug Delivery Systems, Injectable Drug Delivery Systems, Pulmonary Drug Delivery Systems, Transdermal Drug Delivery Systems, and Others. The Oral Drug Delivery Systems segment accounts for the largest share of around 37% of in 2022. The factor like convenience and compliance of patient, controllable and continues distribution and cost effective will responsible for the expected growth of segment.

Moreover, Injectable Drug Delivery Systems seen significant growth during the forecasted period due to the benefits like targeted drug administration, delivery of medicine at the targeted site of action.

Market Mode of NDDS Analysis

By Mode of NDDS, the Novel Drug Delivery Systems Market is Categories into targeted Drug Delivery Systems, Controlled Drug Delivery Systems, Modulated Drug Delivery Systems. The targeted Drug Delivery Systems segment accounts for the largest share of around 41% in 2022.

Targeted Drug Delivery Systems offers the increasing therapeutic effects due to increasing concentration of drugs on targeted site which improve the effectivity, more selectivity of drug which minimize the side effect, patient compliance in the form of required fever administration than the frequently dosing due to simplify drug administration which fuel the growth of market growth.

Market Regional Analysis

North America dominate the Novel Drug Delivery Systems Market with the highest revenue generating market with share of more than 47%. The North America dominate this market due to the rising prevalence of chronic diseases in US, increasing awareness and benefits of novel drug system in patients, easy availability of medications and new products launch. Additionally, strong presence of market player, well developed infra structure, higher number of research favor growth of region.

Europe having the second-largest market share in Market due to focus on research and development efforts in Europe focused on innovative drug delivery systems have led to a growing need for precise medication delivery. Furthermore, government regulations and are substantial factors contributing to the market's expansion.

Asia-Pacific is estimated the fastest growing CAGR in Novel Drug Delivery Systems Market in forecasted period. Increase in facilities and healthcare expenditure, growing elderly population within the region responsible for increasing chronic diseases are propelling the market growth.

Competitive Analysis

The Novel Drug Delivery Systems Market is dominated by a few large companies, such as F. Hoffmann-La Roche AG, Merck & Co., Inc, Abbott Laboratories, Bayer AG, GlaxoSmithKline Plc, Sanofi SA., Novartis AG, Pfizer Inc.

There Are Some Of The Recent Developments Of The Novel Drug Delivery Systems industry:

June 2022: Esteve Pharmaceuticals GmbH has introduced INBRIJA 33 mg (levodopa inhalation powder, hard capsules) in Germany. INBRIJA is approved for use in the European Union to address sporadic motor fluctuations in adult Parkinson's disease patients who are receiving treatment with a levodopa/dopa-decarboxylase inhibitor.

June 2022: Eversana and Accord BioPharma have collaborated to provide assistance for the recent release of CAMCEVI (leuprolide) 42mg injection emulsion, a treatment for advanced prostate cancer in adults.

Research Report Following Segments:

By Route of Administration

·         Oral Drug Delivery Systems

·         Injectable Drug Delivery Systems

·         Pulmonary Drug Delivery Systems

·         Transdermal Drug Delivery Systems

·         Others

By Mode of NDDS

·         Targeted Drug Delivery Systems

·         Controlled Drug Delivery Systems

·         Modulated Drug Delivery Systems

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Novel Drug Delivery Systems Market in 2022?

Novel Drug Delivery Systems Market was valued at USD 13,542 million in 2022 and is estimated to grow at a CAGR of 20.5%.

Which are the top companies operating within the market?

F. Hoffmann-La Roche AG, Merck & Co., Inc, Abbott Laboratories, Bayer AG, GlaxoSmithKline Plc, Sanofi SA., Novartis AG, Pfizer Inc.

Which region dominates the Novel Drug Delivery Systems Market?

North America dominates the market with an active share of 47%, while North America is estimated to grow at a higher CAGR of 7.3%

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