Global Microneedle Drug Delivery Systems Market Size, Forecasts, And Opportunities
Learn about the global microneedle drug delivery systems market through The Business Research Company, which provides information on microneedle drug delivery systems market size, microneedle drug delivery systems market drivers and restraints, microneedle drug delivery systems market players, the COVID-19 impact on the microneedle drug delivery systems market, and more.
The global microneedles drug delivery systems market is expected to grow from $0.66 billion in 2020 to $0.75 billion in 2021 at a compound annual growth rate (CAGR) of 13%. The growth in the microneedles drug delivery systems market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The microneedles drug delivery systems market is expected to reach $1.02 billion in 2025 at a CAGR of 8.1%.
Increasing research and demand for the vaccination process are expected to drive innovation in microneedle drug delivery systems manufacturing, thus driving the market during the forecast period.
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The microneedles drug delivery systems market consists of sales of microneedle drug delivery systems by entities (organizations, sole traders, and partnerships) which allow the users to adapt to a safer alternative process of drug delivery. A microneedles drug delivery system is a device with hundreds of microneedles on a patch that delivers a sufficient amount of drug in treatment. Microneedles drug delivery systems are also known as microneedle patches.
Global microneedle drug delivery systems market segments include:
By Technology: Hollow, Porous, Solid, Others
By Application: Drug Delivery, Vaccine Delivery, Others
By End-User: Diagnostics Laboratories, Life Sciences, Research Laboratories, Hospitals, Ambulatory Surgical Centers, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the microneedles drug delivery systems market in 2020.
Biodegradable microneedle drug delivery patches are increasingly being used in local therapeutic gene delivery and treatment of chronic diseases. The use of biodegradable microneedles patches helps in easy and fast delivery of genes through targeting the skin as a site for local delivery. Gene delivery and treatment with these patches are easily accessible and contain fluid and lymph vessels that help the genetic material to act effectively.
TBRC’s microneedle drug delivery systems market report covers:
Major Market Players: 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, and NanoBiosciences.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Microneedle Drug Delivery Systems Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides microneedle drug delivery systems market overviews, analyzes and forecasts market size, share, microneedle drug delivery systems market players, microneedle drug delivery systems market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s microneedle drug delivery systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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