DUBLIN, Oct. 31, 2023 /PRNewswire/ — The “Microneedle Drug Delivery Systems Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
The report unveils the immense potential within the pharmaceutical industry, particularly in the global microneedle drug delivery systems market. With utility and innovation as its driving forces, this industry presents significant untapped opportunities for strategic decision-making in the pharmaceutical sector.
In an industry where precision and innovation are paramount, leaders such as Zosano Pharma, TheraJect Inc., and NanoBiosciences are competing to revolutionize drug delivery. The global microneedle drug delivery systems market is rapidly evolving, and this report provides a comprehensive assessment crucial for savvy executives, strategists, and investors.
The Benefits of Microneedle Drug Delivery Systems:
Microneedle drug delivery systems offer a new era of precision in drug delivery. By utilizing microneedles on a patch, these systems deliver a precise amount of medication, ensuring efficient treatment with minimal discomfort.
This report closely examines the various applications of microneedle drug delivery systems, including drug delivery and vaccine delivery. These systems open doors to innovative solutions in pharmaceuticals.
With data on the role of North America as the dominant market player and comprehensive analysis from key regions such as Asia-Pacific and Eastern Europe, this report becomes an indispensable tool for understanding the dynamics of the microneedle drug delivery systems market.
This report focuses on pivotal trends, such as the increasing demand for vaccination processes and the adoption of biodegradable microneedle patches for chronic disease treatments. It serves as your guide to strategic decision-making in this ever-evolving industry.
The report offers a meticulous industry forecast, asserting its value in shaping your business’s future trajectory. The global microneedle drug delivery systems market is expected to grow to $7.84 billion in 2027 at a CAGR of 17.8%.
Industry Leaders:
Major players in the microneedle drug delivery systems market include:
- 3M
- Zosano Pharma
- Becton-Dickinson Technologies
- Nanopass Technologies
- Corium
- Valeritas
- Microdermics
- TheraJect Inc.
- LTS Lohmann Therapie-Systeme AG
- BioSerenTach (BT)
- Sorrento Therapeutics
- Debiotech
- Raphas Co. Ltd.
- QuadMedicine
- SNvia
- NanoBiosciences
Market Growth:
The global microneedle drug delivery systems market grew from $3.62 billion in 2022 to $4.07 billion in 2023, demonstrating a compound annual growth rate (CAGR) of 12.4%. While the Russia–Ukraine war disrupted global economic recovery from the COVID-19 pandemic in the short term, the market is expected to continue its growth, reaching $7.84 billion in 2027 at a CAGR of 17.8%.
Key Technologies:
The main types of technologies in microneedle drug delivery systems include solid microneedle technology, hollow microneedle technology, dissolved microneedle technology, and others. These innovative technologies offer unique advantages in drug delivery and healthcare.
The Future of Healthcare:
Microneedle drug delivery systems represent the future of healthcare by providing precise, efficient, and patient-friendly solutions. With increasing research and demand for vaccination processes, these systems are set to play a pivotal role in improving healthcare worldwide.
For more information about this report visit https://www.researchandmarkets.com/r/r8y7qd
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