About Drug Transport Technology
Drug transport technology is used to transport medicine to an exact location in the body in the case of cancer, tumor etc. Drug transport technology market is expected to mark significant growth over forecasted period owing to increasing prevalence of chronic diseases, availability of advanced technology and continuous launch of new products. For Instance, Sun Pharma launched a product which is related to novel drug that beneficial for heart patients in US market. Further, increasing demand for the drug transport technology expected to drive the market growth over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the market were innovation, product development, acquisition, and expansion. 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.
Johnson & Johnson, Inc. (United States), F. Hoffman-La Roche (Switzerland), Merck & Co., Inc. United States), Bayer AG (Germany), Pfizer, Inc. (United States), Novartis AG (Switzerland), 3M Company (United States), Becton, Dickinson, and Company (United States), GlaxoSmithKline plc, (United Kingdom), Sanofi (France) and Antares Pharma, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Drug Transport Technology market by Type (Oral Drug Delivery, Injectable Drug Delivery, Topical Drug Delivery, Pulmonary Drug Delivery, Ocular Drug Delivery, Nasal Drug Delivery, Transmucosal Drug Delivery and Implantable Drug Delivery), Application (Hospitals, Ambulatory Surgical Centers, Home Care settings, Diagnostic Centers and Others) and Region.
On the basis of geography, the market of Drug Transport Technology 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 Technology, the sub-segment i.e. Prodrug will boost the Drug Transport Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device, the sub-segment i.e. Ambulatory infusion pumps will boost the Drug Transport Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Research and Developments Activities Leads to Boost the Market and Rise in Demand of Drug Transport Technology in Emerging Countries.
Market Growth Drivers:
Increase Prevalence Of Diseases Boost the Drug Transport Technology Market and Rising Aging Population Fuelled up the Drug Transport Technology Market
Challenges:
Limitation Due to Product Recall are Anticipated to Challenge the Market. and Substitutes Available Such as Nano Medicine-Based Drug Transport Threat the Drug Transport Technology Market
Restraints:
Lack of Skilled and Trained Professional Hampers the Drug Transport Technology Market and Dosage Error Leads to Restrain the Market
Opportunities:
Proliferation of Technology Advancements Such as Sigma Spectrum Infusion System Leads to Grow the Drug Transport Technology Market and Upsurge Demand of Novel Drug Transport Technology Expected to Boost the Market
Market Leaders and their expansionary development strategies
In January 2023 – BioNTech SE and InstaDeep Ltd. announced that they have entered into an agreement under which BioNTech will acquire InstaDeep, a leading global technology company in the field of artificial intelligence (“AI”) and machine learning (“ML”). Acquisition to enable creation of a fully integrated, enterprise-wide capability to discover, design and develop next-generation immunotherapies at scale by leveraging artificial intelligence and machine learning technologies across BioNTech’s therapeutic platforms and operations
In March 2024, bioXcelerate, a new and innovative health data science division of Optima Partners Limited, has revealed a new groundbreaking AI tool, which is set to accelerate the process for identifying and developing new drugs. The tool, known as PleioGraph, can analyze complex medical data 100 times faster than existing state-of-the-art methods used to detect biological networks which explain disease risk and inform drug discovery.
“According to Pharmaceutical Regulatory Affairs, its act as an important role for approval of generics and the process is also being very stringent in various countries such as United States, Europe, Canada, Australia, and Japan includes standard skin irritation, sensitization and adhesion studies with the patch itself in animals/humans. The production of transdermal drug delivery system medications has increased, because these sorts of systems have proved more effective in many situations at directly sending drugs into the body.”
Key Target Audience
Drug Delivery System Manufacturers, Drug Delivery System Traders, End-Use Market Participants of Different Segments of Drug Delivery System, Government and Research Organizations, R&D Institutions 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.