Global Electronic Drug Delivery Systems
Market Report
2024
Global Electronic Drug Delivery Systems market size was $9.13 Billion in 2022 and it is forecasted to reach $18.21 billion by 2030. Electronic Drug Delivery Systems Industry's Compound Annual Growth Rate will be 8.8% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Electronic Drug Delivery Systems market size was $9.13 Billion in 2022 and it is forecasted to reach $18.21 billion by 2030. Electronic Drug Delivery Systems Industry's Compound Annual Growth Rate will be 8.8% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Electronic Drug Delivery Systems Market Sales Revenue 2022 | $ 9.13 Billion |
Global Electronic Drug Delivery Systems Market Sales Revenue 2030 | $ 18.21 Billion |
Global Electronic Drug Delivery Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.8% |
Market Split by Product Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Electronic Drug Delivery Systems Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Electronic drug delivery systems are a device, which use electronic components and technologies to administer medications to patients in a controlled and targeted manner. These systems are designed to enhance the efficacy, convenience, and precision of drug delivery and the limitations of traditional drug administration methods. Electronic drug delivery systems rapidly manage chronic ailments, including diabetes, cardiovascular diseases, respiratory disorders, and other applications. Moreover, the insulin pump is one of the most commonly used electronic drug delivery systems which can be used for the management of diabetes. This system has shown the potential to offer targeted drug delivery to particular sites in the body. This system is used for the appropriate administration of drugs to the targeted site.
Increasing the prevalence of target diseases is a major driving factor expected to drive the growth of the electronic drug delivery systems market. The increasing number of target diseases and the prevalence of chronic diseases, such as diabetes, asthma, and cardiovascular disease, and technological advancements in the development of smart drug delivery systems are major factors driving market growth. Electronic drug delivery systems are portable devices that offer convenient options to patients such as easy drug administration, dose accuracy, short administration time, and improved patient adherence. This is expected to drive the growth of the electronic drug delivery systems market.
The high cost of electronic drug delivery systems is anticipated to hamper the growth of the target market. Developing electronic drug delivery systems involves significant investment in research and development. This process involves designing, prototyping, and testing technology, which can be time-consuming and costly. Furthermore, the production of electronic drug delivery systems involves specialized manufacturing techniques and materials, which contribute to higher manufacturing costs. This is likely to hinder the growth of the electronic drug delivery systems market.
The COVID-19 pandemic significant impact on the electronic drug delivery systems market. The pandemic impact on remote healthcare technologies and electronic drug delivery systems, such as connected devices and smart inhalers, have gained prominence due to their ability to enable remote monitoring and drug administration. This trend is likely to have a positive impact on the electronic drug delivery systems market. Furthermore, the pandemic has led to disruptions in global supply chains, affecting the production and distribution of electronic drug delivery systems. Delays in manufacturing, shipping, and procurement of devices have been observed, which had a temporary impact on the availability and delivery of these systems.
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In December 2021, Gerresheimer entered into an agreement involving its advanced technologies division. An established US biotech company will rely on Gerresheimer's innovative strength and engineering expertise for the development of a new pump to deliver drugs for the treatment of rare diseases via continuous parenteral administration.
Top Companies Market Share in Electronic Drug Delivery Systems Industry: (In no particular order of Rank)
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In 2022, the North American region dominated the electronic drug delivery systems market and largest market share in terms of revenue. This is due to the wide use of electronic drug delivery systems for several chronic conditions including Parkinson’s disease and multiple sclerosis in this region. Major manufacturers are focused on developing innovative solutions to cater to the unmet medical needs of patients suffering from chronic diseases. For instance, in 2015, Unilife Corporation, a U.S.-based injectable drug delivery company launched Imperium, a prefilled wearable insulin pump of instant patch pumps for insulin. Furthermore, the increasing incidence of target diseases, a rise in the patient population, and favorable remuneration policies, which affecting drive the growth of the electronic drug delivery systems market in this region.
The current report Scope analyzes Electronic Drug Delivery Systems Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Electronic Drug Delivery Systems Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electronic Drug Delivery Systems Industry growth. Electronic Drug Delivery Systems market has been segmented with the help of its Product Type, Application , and others. Electronic Drug Delivery Systems market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The wearable infusion pumps segment held the largest revenue market share at 40.3%, in 2022. This is attributed to the increasing demand for wearable infusion pumps in clinical settings such as hospitals, nursing homes, and the home. These pumps deliver nutrients or medications, such as insulin or other hormones, antibiotics, chemotherapy drugs, and pain relievers. Furthermore, wearable infusion pumps offer significant advantages over manual administration of fluids, including the ability to deliver fluids in small volumes, and the ability to deliver fluids at exactly automated intervals. These all factors affecting fuel the growth of this segment in the electronic drug delivery systems market.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Electronic Drug Delivery Systems from 2019 to 2031. This will also help to analyze the demand for Electronic Drug Delivery Systems across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Electronic Drug Delivery Systems are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Electronic Drug Delivery Systems market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electronic Drug Delivery Systems Market is witnessing significant growth in the near future.
In 2023, the Wearable Infusion Pumps segment accounted for noticeable share of global Electronic Drug Delivery Systems Market and is projected to experience significant growth in the near future.
The Cardiovascular Disease segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Novo Nordisk , Companion Medical and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Wearable Infusion Pumps, Injection Pens, Auto-Injectors, Inhalers |
Application | Cardiovascular Disease, Diabetes, Multiple Sclerosis, Respiratory Disorders, Others |
List of Competitors | Novo Nordisk, Tandem Diabetes Care, Companion Medical, F. Hoffmann-La Roche, Medtronic plc., Insulet Corporation, AstraZeneca, United Therapeutics Corporation, Bayer AG, Merck Group Amgen. |
This chapter will help you gain GLOBAL Market Analysis of Electronic Drug Delivery Systems. Further deep in this chapter, you will be able to review Global Electronic Drug Delivery Systems Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Electronic Drug Delivery Systems Market Trends North America Electronic Drug Delivery Systems Technological Road Map North America Electronic Drug Delivery Systems Market Drivers North America Electronic Drug Delivery Systems Market Restraints North America Electronic Drug Delivery Systems Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electronic Drug Delivery Systems market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Wearable Infusion Pumps have a significant impact on Electronic Drug Delivery Systems market? |
What are the key factors affecting the Wearable Infusion Pumps and Injection Pens of Electronic Drug Delivery Systems Market? |
What is the CAGR/Growth Rate of Cardiovascular Disease during the forecast period? |
By type, which segment accounted for largest share of the global Electronic Drug Delivery Systems Market? |
Which region is expected to dominate the global Electronic Drug Delivery Systems Market within the forecast period? |
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