The global injectable drug delivery market is anticipated to grow at a significant CAGR of 12.8% during the forecast period (2022-2028). Some of the top-selling drugs are delivered using injections and implants. Drugs delivered using injections are considered to act more effectively and for a longer duration compared to orally administered drugs. The major factor driving the growth of the global injectable drug delivery market during the forecast period is due to increasing geriatric population across the globe. According to the Department of Economic and Social Affairs, there were 703 million people aged 65 years or over globally in 2019 which is anticipated to double to 1.5 billion in 2050. Additionally, the growing adoption of modern, technologically advanced solutions is driving the growth of the global injectable drug delivery market. Additionally, the growth of self-injections is very high. The market is overtaking the conventional drug delivery market. It is also driving the market to grow.
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The major companies serving the global injectable drug delivery market include Becton, Dickinson and Co., Baxter International Inc., Eli Lilly and Co., GlaxoSmithKline PLC, and Pfizer Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and geographical expansion, to stay competitive in the market. For instance, in October 2019, Becton, Dickinson, and Company announced to launch of the BD Intevia 1mL two-step disposable autoinjector. It is a robust platform device combining autoinjector and pre-fillable syringe in one integrated system.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- Becton, Dickinson and Co., Baxter International Inc., Eli Lilly and Co., GlaxoSmithKline PLC, and Pfizer Inc., among others.
Key questions addressed by the report
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
Global Injectable Drug Delivery Market Report by Segment
By Mode of Administration
By Usability
By End-User
Global Injectable Drug Delivery Market Report by Region
North America
Europe
Asia-Pacific
Rest of the World
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