Key Players - 3m Company, Alkermes, Inc, Ltea Therapeutics Inc., Antares Pharma Inc., A.P. Pharma, Inc., Applied Pharma
(PRWEB) March 23, 2014
The ‘Global Top 10 Drug Delivery Technologies Market (2010 – 2015)’ analyzes the drug delivery technologies market by the top 10 drug delivery technologies and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia and ROW.
Browse market data tables and in-depth TOC on "Global Top 10 Drug Delivery Technologies Market".
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The global top 10 drug delivery technologies market is expected to grow from $43.8 billion in 2009 to $81.5 billion in 2015, at an estimated CAGR of 11% from 2010 to 2015. Prominent industry participants include Elan, Biovail, Nektar, Alkermes & Nektar.
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The rising demand for effective delivery of novel biopharmaceuticals is driving the growth of the global top 10 drug delivery technologies market. Further, patent expirations of drugs is also boosting market growth.
More than 25% of the marketed drugs fail to provide expected commercial returns due to drug distribution and absorption levels within the body (pharmacokinetics) therefore signifying the importance of drug delivery systems. Rapid enhancements in drug discovery technologies have lead to developments in proteomics and genomics and had a greater impact on drug delivery technology market. The changing market trends, with quick cycle of innovations have compelled market participants to clearly understand changing dynamics and focus on emerging technology and enhance market positions in terms of revenues, growth and geographical presence.
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Drug delivery technologies are revenue boosters for the pharmaceutical industry as they enhance drug life cycle in the market by extending patent rights, adding a competitive edge to the drug by enhancing their safety and efficacy. Further, expansion of the applications of non conventional modes of drug delivery such as pulmonary, nasal and transdermal in disease conditions other than respiratory and skin, especially in chronic disease conditions such as diabetes, CNS are also boosting the market. In addition, innovations such as microneedle transdermal patches and novel intelligent inhalers are also adding to the market growth. However, recent drug failures such as Exubera by Pfizer is a hindrance for the market.
Time release technologies account for the largest share around 10% of the top 10 drug delivery technologies market owing to the popularity of once daily formulations. Time release technologies market is expected to grow from US$8.5 billion in 2009 to Enormous opportunities lie in the area of unconventional technologies such as pulmonary, nasal and transdermal drug delivery due to technology innovations and expanded applications especially in chronic disease conditions.
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