DALLAS, February 9, 2011 /PRNewswire/ -- According to a new market research report, 'Global Injectable Drug Delivery Market (2010 - 2015)', published by MarketsandMarkets (http://www.marketsandmarkets.com), the global injectable drug delivery market shows a significant growth potential and is expected to rise from $14,994 million in 2009 to $29,981 million in 2015 at a CAGR of 12.3% during 2010-2015.
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This global injectable drug delivery market can be broadly segmented as market for injectable drug delivery formulations and market for injectable drug delivery devices. Much of the growth in the injectable drug delivery market has been attributed to the growth in the formulation technology market. Formulation technology market currently contributes approximately 37% of the overall revenues for the injectable drug delivery market. Driven by easy availability of funds for development and application of nano-formulations in targeted drug delivery, this market is expected to grow by 133% of its value in 2009 and contribute 47% to the overall injectable drug delivery market in 2015.
The market for drug delivery devices is expected to be driven primarily due to growth in the self-administration devices such as auto injectors and pen injectors. Increasing application of injectable drug delivery devices as a product life cycle management tool is also expected to play a major role in the market growth in the near future.
Conventional injectables hold the largest share i.e. 69.8% to the total injectable drug delivery devices technology market in 2009. However, it is a slow growth market with an expected CAGR of 6.6% during forecast period whereas, the market for self-injection devices shows the highest growth potential and expected to grow at a CAGR of 14.5% during 2010-2015. Rising trend in the application of self-administration devices such as auto injectors and pen injectors across a wide range of therapeutic areas is expected to drive the market growth for this segment.
Scope of the report
The report evaluates injectable drug delivery market with respect to revenues, growth, therapeutic areas and industry focus in the following markets:
Injectable drug delivery devices technology market Injectable drug delivery formulation technology market Injectable drug delivery therapeutics market
Analyst Briefing Presentation on the Global Injectable Drug Delivery Market to be held on February 22, 2011
The Healthcare Practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the "Global Injectable Drug Delivery Market" to be held on February 22, 2011.
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