About Intramuscular Drug Delivery
An intramuscular injection is a method of injecting drugs into the muscles. This allows for rapid absorption of the medicine into the bloodstream. Such as the flu shot, people may have received an intramuscular injection at a doctor's office. In rare situations, an intramuscular injection can be self-administered. Certain medications used to treat multiple sclerosis or rheumatoid arthritis, for example, may require self-injection. The intramuscular method is faster than the subcutaneous route in terms of absorption, and muscle tissue can often absorb a higher volume of fluid without causing discomfort. Medication injected into muscle tissues, on the other side, is absorbed more slowly and takes longer to take action than medication administered intravenously.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Intramuscular Drug Delivery market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Antares Pharma (United States), Pfizer (United States), Johnson & Johnson (United States), Eli Lily (United States), Glaxo SmithKline (United Kingdom), Inovio Pharmaceuticals (United States), Merck (United States), Novartis (Switzerland), Pacira Pharmaceuticals (United States) and Pharmajet (Unite States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Intramuscular Drug Delivery market by Type (Oral (Swallowed Into The Stomach), Intravenous (Injected Into The Vein) and Subcutaneous (Injected Into The Fatty Tissue Just Under The Layer Of Skin)), Application (Infectious Disease, Oncology, Autoimmune Disease, Allergy, Endocrinology Disorders and Others) and Region.
On the basis of geography, the market of Intramuscular Drug Delivery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Drug, the sub-segment i.e. Antibiotics (penicillin G benzathine penicillin, streptomycin.) will boost the Intramuscular Drug Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Intramuscular Drug Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth In Healthcare Infrastructure Across Emerging Regions and Increase The Investment In Artificial Intelligence For Metastatic Ovarian Cancer Drug
Market Growth Drivers:
Increasing Prevalence Of Chronic Diseases and Increasing Demand Of Self-Administered Drug Delivery Injection
Challenges:
IM Delivery Causes The Allergies Depending On The Drug Used And The Patient's Vulnerability To Various Allergens
Restraints:
IM Drug Delivery Absorption Is Relatively Low As Compared To IV Rout
Opportunities:
Rising Investment In Research & Development Costs In The Pharmaceutical Industries and Favorable Government Initiatives
Market Leaders and their expansionary development strategies
In April 2022, Halozyme acquired Antares Pharma to create a specialty leader and drug delivery company. Antares Pharma is a leading specialty pharmaceutical company that manufactures drug delivery solutions. The acquisition will strengthen Halozyme's position in the global drug delivery market.
In February 2021, Biogen's intramuscular injection PLEGRIDY received FDA approval for multiple sclerosis as a treatment option with reduced injection site reactions. With this approval and marketing authorization for the IM administration in European Union Biogen will expand its MS treatments portfolio and offer more options to meet the consumers' needs and preferences.
In 2021, FDA approved CABENUVA for intramuscular use as a complete treatment for adults with HIV-1. According to guidelines initial doses should be a single 600-mg gluteal intramuscular injection of cabotegravir and a single 900-mg gluteal intramuscular injection of rilpivirine after that continuation injection doses will be 400-mg and 600 mg for cabotegravir and rilpivirine respectively.
Key Target Audience
Intramuscular Drug Delivery Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.