The Europe drug delivery systems market is expected to reach US$ 610,320.4 Mn in 2027 from US$ 343,533.9 in 2018. The market is estimated to grow with a CAGR of 6.7% from 2019-2027.
The Europe drug delivery systems market is poised for growth, primarily driven by increased investments in research and development by pharmaceutical and medical device companies, alongside the rising prevalence of chronic diseases across Europe. However, this growth could be somewhat tempered by regulatory recalls of drug delivery systems by European manufacturers.
A key driver for Europe drug delivery systems market expansion is the demand for innovative, more effective technologies to treat chronic conditions. The increasing incidence of these diseases in Europe is fueling the need for advanced products. Consequently, researchers have been actively pursuing and achieving significant product innovations.
For example, in July 2018, Roche received CE mark approval for its Accu-Chek Solo micropump system. This small, tube-free insulin delivery device allows users to bolus directly from the pump and offers a detachable and re-attachable function without insulin waste. The system also integrates with Roche’s digital health solutions, providing more effective and personalized diabetes management. Such innovations in drug delivery systems are expected to be a dominant trend in the global market in the coming years.
Europe drug delivery systems market Segmentation
Europe drug delivery systems market By Route of Administration
Oral
Solid Oral Drugs
Liquid Oral Drugs
Semi-solid Oral Drugs
Transmucosal
Pulmonary Drug Delivery
In-metered Dose Inhalers
Dry Powder Inhalers
Nebulizers
Nasal Drug Delivery
Nasal Sprays
Nasal Drops
Nasal Gels
Buccal Drug Delivery
Sublingual Drug Delivery
Rectal Transmucosal Drug delivery
Vaginal Transmucosal Drug Delivery
Injectable
Conventional Injection Devices
Self-Injection Devices
Needle Free Injectors
Pen Injectors
Wearable Injectors
Topical
Semi-solid Topical Drug Delivery Formulations
Liquid Topical Drug Delivery Formulations
Solid Topical Drug Delivery Formulations
Transdermal Patches
Transdermal Gels
Others
Implantable
Active Implantable
Passive Implantable
Ocular
Eye Drops & Sprays
Gels & Ointments
Ocular Inserts
Drug Coated Contact Lenses
Europe drug delivery systems market By Application
Hospital & Clinics
Home Care Settings
Others
Europe drug delivery systems market By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Europe drug delivery systems market By Country
Germany
France
UK
Europe drug delivery systems market Companies Mentioned
BD
Novo Nordisk A/S
3M
Boston Scientific Corporation
Bausch Health Companies Inc.
Baxter International, Inc.
Boehringer Ingelheim
Novartis AG
GlaxoSmithKline plc.
Johnson & Johnson Services, Inc.
Europe drug delivery systems market Regional Insights
The geographic scope of the Europe drug delivery systems market refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe drug delivery systems market Strategic Insights
Strategic insights for the Europe Drug Delivery Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights