The global market for drug and gene delivery systems features a largely consolidated vendor landscape with only a handful companies accounting for a dominant share in the overall market, observes Transparency Market Research in a recent report. So as to gain a larger hold on the market, companies are putting more emphasis on offering advanced products, ploughing more resources into R&D activities, and seeking new ways of expanding their product portfolios. Thus instances of strategic collaborations and partnerships in the drug and gene deliver market have increased significantly in the past few years.
The strategic collaboration between Panacea Pharmaceuticals and 3M Drug Delivery System in 2017 for the development of a new cancer vaccine is a good instance of this prevailing trend in the market. Some of the leading companies in the market are Boston Scientific Corporation, Epeius Biotechnologies Corporation, Human Stem Cells Institute, Boston Scientific Corporation, Baxter International, Inc., and AstraZeneca plc.
According to the report, the global drug and gene delivery market, which valued at US$510 bn in 2016, will expand at a promising CAGR of over 6% over the period between 2017 and 2025.
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Most Lucrative Regional Markets
Of the key drugs delivery systems associated with the drug and gene delivery systems market examined in the report, the segment of targeted drug delivery is expected to account for the dominant share in the overall market over the report’s forecast period; in terms of gene delivery systems, the segment of viral gene delivery system is likely to hold sway over the forecast period. Geographically, the markets in North America and Europe are expected to exhibit the most promising growth prospects over the report’s forecast period, thanks to the presence of some of the leading companies undertaking research in the field of drug and delivery in the regions.
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Increased Funds Ploughed Into R&D Activities to Drive Market
One of the key factors expected to work in favor of the global drug and gene delivery systems market is the steady rise in R&D activities in the area as companies in the healthcare sector increasingly understand the need for more effective drug and gene delivery mechanisms for the treatment of the mounting cases of a variety of chronic diseases. According to JAMA oncology, nearly 17.5 million cancer cases were diagnosed across the globe and around 8.8 million deaths were caused by the disease in 2015. With focus on the effective treatment of the condition increasingly rising from governments as well as pharmacy companies, the market for drug and gene delivery systems is likely to benefit from the scenario.
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The market is also driven by the rising numbers of new, advanced technologies making inroads in the field of drug and gene delivery and the rising application area of low dose targeted drug delivery. The increased demand for home health care and self-administering devices is also likely to work well in favor of the global drug and gene delivery systems market in the next few years. However, the market’s growth prospects could be hampered to a certain degree owing to the high cost of these treatment methods and several drug recalls to have hit companies in the past few years.
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This analysis of the global drug and gene delivery systems market is based on a recent market research report by Transparency Market Research, titled “Drug and Gene Delivery Systems Market (Delivery System - Drug Delivery Systems, Gene Delivery Systems; Route of Administration - Oral, Injectable, Inhalation, Transdermal, Ocular, Nasal, Topical; Application - Infectious Diseases, Oncology, Ophthalmology, Urology, Diabetes, CNS) - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017-2025.”
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Global Controlled Release Drug Delivery Market is expected to reach USD 90.18 billion by 2025.
The controlled release drug delivery market is estimated to grow at a significant CAGR of 13.8% over the future period as the scope and its applications are rising enormously across the globe.
Controlled release drug delivery market is segmented based on technology, mechanism, application, and region.Highly enhanced technology used includes Targeted Delivery, Wurster Technique, Transdermal, Coacervation, Implants, Micro Encapsulation, and others that could be explored in controlled release drug delivery market in the future period.
Targeted delivery sector accounted for the largest market share of controlled release drug delivery and is estimated to lead the overall market in the coming years.
However, micro encapsulation sector is estimated to grow at fastest pace in the coming years.Chemically Activated, Polymer Matrix Based Systems, Activation-modulated Drug Delivery Systems, Micro Reservoir Partition Controlled Drug Delivery Systems, and Feedback Regulated Drug Delivery Systems are the release mechanisms that could be explored in controlled release drug delivery market in the forecast period.
Chemically activated sector accounted for the largest market share of controlled release drug delivery and is estimated to lead the overall market in the coming years.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
Rise in geriatric population, increase in number of patients suffering from chronic disorders, increase in adoption of third-generation transdermal drug delivery systems, increased investments by the government and healthcare developments are key factors contributing to high CAGR of transdermal drug delivery system during forecast period.Market Size – USD 5.65 Billion in 2018, Market Growth - CAGR of 4.5%, Market Trends – Product launches and research for advanced transdermal drug delivery systemAccording to the current analysis of Reports and Data, the Transdermal Drug Delivery Systems market was valued at USD 5.65 Billion in 2018 and is anticipated to reach USD 8.03 Billion by the year 2026, at a CAGR of 4.5%.
These systems are an excellent alternative to the oral, intravascular, subcutaneous, and transmucosal routes, where medications are administered through the skin for therapeutic purposes.
By 2018, the pain management segment is expected to represent the majority of the market for transdermal drug delivery systems.
Dynamic distribution systems are classified into structure, electricity, and others.These drug delivery products are medicated adhesive patch that can be applied on the skin to give a specific dose of medication through the skin and into the blood.
An advantage of the transdermal drug delivery route is that the patch provides the patient with controlled release of the medicine, typically through a porous membrane overlying a reservoir of medication or body heat that melt thin adhesive medicine layers It is best to administer other types of medications, such as oral, topical, intravenous, intramuscular, etc.
Medication failures and withdrawals from transdermal drug delivery systems are also expected to limit market growth to some extent.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2272The report provides a complete analysis of the global Transdermal Drug Delivery Systems market with important details about the key market players from insightful primary and secondary research data.
San Francisco, 2 June 2020 — “Drug Eluting Stent Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025” Global Drug Eluting Stent Market is projected to register a higher CAGR during the forecast period.
The drug eluting stent market is highly driven by change in consumers’ lifestyles, heavy consumption of junk food, and prevalence of atherosclerosis in geriatric population.
Adoption of minimally invasive techniques may augment the market demand for drug eluting stents.
Geographical segmentation for drug eluting stent market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.
The market is driven by stringent norms and regulations along with favorable reimbursement coverage.
Asia-Pacific’s market is anticipated to register a higher market growth in the forecast period owing to rise in patients’ awareness pertaining to commercial availability of products, government funding and constant R Improvements in healthcare infrastructure and increase in healthcare spending is likely to propel the market growth APAC sector.
