About Novel Drug Delivery Systems
A well-designed Novel Drug Delivery System may be a significant step forward in addressing issues relating to drug release at a particular location and at a specific time. Pharmaceutical firms are investing in the development of new drug delivery technologies in order to bring medications to patients more effectively and with less side effects. The transition of an actual drug molecule from a standard form to a novel delivery mechanism will increase patient compliance, safety, and efficacy dramatically. An endogenous drug molecule can be given a new lease on life in the form of a Novel Drug Delivery System. Latest advancements in medication pharmacokinetic and pharmacodynamic activity have developed a more realistic approach to designing an effective drug delivery method.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | North America |
Unit | Value (USD Million) |
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 United States & United Kingdom Players will contribute the maximum growth to Global Novel Drug Delivery Systems 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.
AstraZeneca PLC (United States), Bayer AG (Germany), Pfizer Inc. (United States), Serum Institute (India), Abbott Laboratories (United States), F. Hoffmann-La Roche AG (Switzerland), GlaxoSmithKline PLC (United Kingdom), Johnson & Johnson (United States), Merck & Co. Inc. (Germany) and Novartis AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sanofi SA (France), SHL Medical (Switzerland) and Bharat Biotech (India).
Segmentation Overview
AMA Research has segmented the market of Global Novel Drug Delivery Systems market by Type (Liposomes, PEGylated Proteins & Polypeptides, Polymer Nanoparticle, Protein Drug Conjugates and Others), Application (Hospitals & Clinic, Cancer Treatment Centers and Others) and Region.
On the basis of geography, the market of Novel Drug Delivery Systems 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). Asia Pacific region held largest market share in the year 2021. If we see Market by Drug, the sub-segment i.e. Oral Drug will boost the Novel Drug Delivery Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode, the sub-segment i.e. Modulated Drug Delivery Systems will boost the Novel Drug Delivery Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Thermo Fisher Scientific Company launches a new IVD system for assay developers and clinical laboratories to accelerate molecular diagnostics growth. and In 2020, IDEAYA Biosciences, Inc. and GlaxoSmithKline plc. (GSK) has announced a strategic partnership to develop solutions for the field of oncology.
European Union, Medical Device Regulation (2017/745) – According to Article 117 Prescriptions That Have A Computer as Part of The Package Such as Pre-Filled Syringes and Pens, Patches for Transdermal Drug Delivery and Pre-Filled Inhalers, Etc. The Marketing Authorization Application or Variation Application Should Include A CE Certificate or Declaration of Conformity for The Device Whether it is CE Marked. and Unite States, FDA “Transdermal and Topical Delivery Systems – Product Development and Quality Considerations” – Provides Guidelines for Design and Quality Standards along with Recommendations To Applicants and Manufacturers of Transdermal And Topical Delivery Systems (TDS) for the Sale Across the United States.
Market Drivers
- Growing Demand for Controlled Release Drugs
- Demand for Oral Drug Delivery
- Prevalence of Novel Diseases Including Covid-19 and Ebola
Opportunities
- Demand for Cost Effective & Efficient Novel Drug
- Growth in Healthcare infrastructure Due to Pandemic
Restraints
Challenges
- Lack of Trained Professionals
Key Target Audience
Novel Drug Manufactures, New Entrants and Investors, Novel Drug Distributors and Suppliers, 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.