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Novel Drug Delivery Systems Market Trends

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Report ID: 3930
Published Date: Aug 21, 2024
Report Format: PDF, PPT

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Novel Drug Delivery Systems Market Trends

Growth Drivers

Growing Need for Advanced Targeted Drug Delivery
Increasing Prevalence of Cancer and other Chronic Diseases
Rising Global Healthcare Expenditure

Challenges

Increasing Use of Generic Drugs
Lack of Researchers in Developing Countries

Novel Drug Delivery Systems Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	8.2%
Base Year Market Size (2023)	USD 65.44 billion
Forecast Year Market Size (2036)	USD 182.3 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Novel Drug Delivery Systems Market Size, Growth Forecast 2036

Author Credits: Radhika Pawar

Report ID: 3930
Published Date: Aug 21, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of novel drug delivery systems is assessed at USD 69.73 billion.

Novel Drug Delivery Systems Market size was valued at USD 65.44 billion in 2023 and is anticipated to reach USD 182.3 billion by 2036, registering around 8.2% CAGR during the forecast period i.e., between 2024-2036. The increasing need for targeted drug delivery to treat cancer will boost the market growth.

Asia Pacific industry is poised to hold largest revenue share by 2036, driven by increasing awareness regarding healthcare amongst people, along with improving healthcare facilities in the region.

The major players in the market are Mylan N.V., Novartis International AG, Sanofi S.A, GlaxoSmithKline plc, Merck & Co., Inc., Otsuka Pharmaceutical Co., Ltd., Abbott Laboratories and others.

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