The drug delivery market is expected to grow at a CAGR of 7.83%, reaching a market size of US$1,246.822 billion in 2030 from US$1,071.016 billion in 2025.
A drug delivery device is a specialized device for the controlled and targeted release of drugs. Drugs have been extending health benefits and lifespans for centuries, and the way medicines are delivered has changed over the last few decades. Molecular biology strategies can be used to discover a medication that has acceptable side effects due to interacting with parts of the body that are not targeted by the drug. Systems for delivering drugs control how much of the drug is released and how far it reaches the target.
Increasing incidences of chronic diseases, growth in the medical diagnostics market, advancements in technology, and new company launches are driving the market growth. Globally, chronic disease prevalence is expected to rise by 57% by 2020, according to the World Health Organization.
Additionally, several pharmaceutical companies are suddenly experiencing a surge in demand for drugs designed to treat infectious diseases because of the Coronavirus outbreak globally, which has been a major factor boosting the drug delivery demand.
The growing awareness surrounding pharmaceutical drug delivery systems is also contributing to the market growth. Furthermore, the pharmaceutical drug delivery market growth is being influenced by additional factors such as an increase in healthcare and government funding. In addition, the emergence of various chronic diseases, which necessitate the use of pharmaceutical delivery systems, is a key driver of the pharmaceutical delivery systems market. The drug delivery market is, however, hindered by the increasing number of drug recalls and failures.
Additionally, the forecast period should see lucrative opportunities in developing economies due to their high growth potential. A great number of drugs and vaccines are undergoing various clinical trials and are expected to be made available to patients in the coming months and years under guidelines for emergency usage authorizations for COVID-19 treatment. Vaccines are being developed, manufactured, and administered at a mass level, which is resulting in high demand for different drug delivery systems over the forecast period.
Biologic drugs are the most advanced treatments available for a variety of illnesses and conditions. Approximately 41 million people die each year from chronic diseases, according to World Health Organization statistics, and about 17.9 million people die from cardiovascular disease, followed by cancer (9 million), respiratory diseases - 3.9 million, and diabetes - 1.6 million. Furthermore, approximately 80% of chronic disease deaths result from these four groups. The increasing number of geriatrics also means that chronic diseases will affect more people, thus increasing the demand for biologics. The number of people over the age of 65 will rise from one in 11 in 2019 to one in six by 2050 (16%), up from one in 11 at the beginning of this year (9%) (Source: WHO). Investors have also been driving the overall market growth.
Moreover, in Singapore, Novartis AG invested USD 700 million in the establishment of a biologics center, while Bristol-Myers Squibb spent more than USD 900 million on a large biologic facility in Ireland, which opened in 2019. In the coming years, due to the significant growth in the biologics market and the fact that generic injectables are mainly administered via injection, the injectable drug delivery market should witness further growth.
One of the major risks associated with injectable drug delivery is needlestick injuries. According to Pharma Jet, 600,000-800,000 needlestick injuries are reported in the United States every year. The Occupational Safety and Health Administration (OSHA) estimates that 5.6 million workers in the US are at risk of being exposed to blood-borne pathogens because of needlestick injuries. In addition, the CDC estimates that US hospitals suffer 385,000 needlestick injuries annually.
In addition, the WHO found that 34.7% of cases of Hepatitis B, 56.9% of cases of Hepatitis C, and 46.7% of cases of HIV/AIDS among healthcare workers worldwide were associated with injuries caused by needlesticks.
| Report Metric | Details |
|---|---|
| Total Market Size in 2026 | USD 1,071.016 billion |
| Total Market Size in 2031 | USD 1,246.822 billion |
| Growth Rate | 7.83% |
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Segmentation | Type, Technique, Application, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
|