Emergen research’s latest document, titled ‘Electronic Drug Delivery Systems Market’ is one of the most sought-after market reports involving an in-depth analysis of the global Electronic Drug Delivery Systems Market. The report’s authors have offered necessary details on the latest Electronic Drug Delivery Systems Market trends and the crucial parameters impacting both short-term and long-term market growth.
The global Electronic Drug Delivery Systems (EDDS) market size is expected to reach USD 21.79 Billion in 2032 and is expected to register a steady revenue CAGR of 7.9% during the forecast period, according to latest analysis by Emergen Research. Rising demand for targeted and long-acting injectable drugs is a major factor driving market revenue growth. EDDS are rapidly used for management of chronic diseases including diabetes, Cardiovascular Diseases (CVD), respiratory disorders, and other applications. Some of the EDDS available in the market include wearable infusion pumps, electronic autoinjectors, injectable insulin pins, and electronic inhalers. In addition, rising prevalence of CVD, such as diabetes, cancer, and others particularly in developing economies, and demand for ionizable drug delivery systems for efficient and selective gene therapy are factors driving market revenue growth.
Market companies operating in various regions are significantly investing in product Research Development activities and getting into mergers and acquisitions to improve product services and establish a global footprint. Improving medication adherence presents a significant opportunity for market players to gain a larger market share, as over half of chronic disease patients discontinue medications within a year. Moreover, companies are primarily focused on outcome-based models, connected drug delivery systems facilitate treatment programs, reduce healthcare costs associated with non-adherence, and provide favorable reimbursement.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies in the global market report include Bayer AG, Gerresheimer AG, Medtronic, Elcam Medical, Novo Nordisk A/S, Insulet Corporation, BD, Sanofi, Frederick Furness Publishing, and United Therapeutics Corporation.
Highlights from the Report
- The wearable infusion pumps segment is expected to account for largest revenue share in the EDDS market during the forecast period. This is due to increasing use of these devices for effective treatment of chronic conditions such as diabetes. Patients are less probable to use traditional pumps since they are more expensive and challenging to use.
- The diabetes segment is expected to account for fastest revenue growth rate in the global EDDS market during the forecast period. This is due to prevalence of diseases and need for more precise medicine administration. Also, patients are embracing these solutions more quickly due to effective, patient-centered, and individualized care.
- The North America market is expected to account for largest revenue share in the global EDDS market during the forecast period. This is due to rising use of electronic medication delivery systems for treatment of various chronic conditions, such as diabetes and epilepsy.
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The report studies the historical data of the Electronic Drug Delivery Systems Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented the global electronic drug delivery systems market on the basis of type, application, distribution channel, and region:
- Type Outlook (Revenue, USD Billion; 2019–2032)
- Wearable Infusion Pumps
- Auto Injectors
- Injection Pens
- Inhalers
- Application Outlook (Revenue, USD Billion; 2019–2032)
- Diabetes
- Cardiovascular Disease (CVD)
- Respiratory Disorders
- Multiple Sclerosis
- Others
- Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
The complete regional analysis covers:
North America (U.S., Canada, Mexico
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Points of Electronic Drug Delivery Systems Market:
Extensive coverage of the analysis of the Electronic Drug Delivery Systems market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Electronic Drug Delivery Systems market
Complete data about the key manufacturers and vendors in the Electronic Drug Delivery Systems market
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
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