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Thin Film Drugs Market Growth, Top Key Players, Trend, Opportunities Forecast to 2027

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Avani Sable
Thin Film Drugs Market Growth, Top Key Players, Trend, Opportunities Forecast to 2027

The global thin film drugs market size is projected to reach USD 16.27 billion in 2028. Fortune Business Insights™ published this information in a new study, titled, “Thin Film Drugs Market, 2021-2028.” The study further mentions that the market stood at USD 7.35 billion in 2020. It is expected to showcase a CAGR of 10.5% in the forecast period between 2021-2028. The surging geriatric population across the globe is anticipated to affect growth positively. As per the United Nations, in 2017, the global old age population was 962 million. It is estimated to double by the end of 2050 and reach 2.1 billion. Hence, the prevalence of Alzheimer’s and Parkinson’s diseases will also increase rapidly, thereby accelerating the demand for thin film drugs.

please visit: https://www.fortunebusinessinsights.com/thin-film-drugs-market-104883

Rising Focus on Developing COVID-19 Vaccine to Impact Growth Negatively

Several pharmaceutical companies are currently focusing on inventing a vaccine that would fight against the COVID-19 pandemic. It has resulted in disruptions of research and development activities associated with thin film drugs in various parts of the world. It is expected to hamper growth of the market in the near future. Our research reports will help you find the best strategy to uplift your businesses amid this pandemic.

Government Initiatives to Innovate Drug Delivery Models will Boost Growth in Europe

  • North America: The region generated USD 2.66 billion in terms of revenue in 2020. It is expected to grow significantly fueled by the increasing prevalence of neurological disorders, such as Alzheimer’s and Parkinson’s disease in the U.S. As per the Alzheimer's Association, in 2020, 5.8 million Americans belonging to the age group of 65 years and older were living with Alzheimer's dementia. Also, the rising cases of schizophrenia in the region would also propel growth.
  • Europe: The increasing research and development activities in the region to create thin film drugs would aid growth. Coupled with this, the surging government initiatives and fundings to innovate various drug delivery models would accelerate growth.
  • Asia Pacific: The region is likely to showcase stable growth because of the rising spending on healthcare infrastructure and increasing old age population. Also, the surging awareness about the benefits of adopting these drugs would bolster regional growth.

 

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