SEATTLE, July 19, 2021, (MEDGADGET) — Global Drug Delivery Technologies Market – Insights
A drug delivery system is a tool for delivering medicinal substances to humans or animals through a general route of administration in order to achieve a therapeutic effect. When drugs are given in the right dosage, they release their active ingredients in the right place at the right time. Drug delivery technologies aid in the development of product safety and quality by improving absorption, distribution, removal, and drug release profiles. Drug delivery systems are an important feature of pharmaceutical products, and pharmaceutical companies often use them to prolong the product’s lifecycle.
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Chronic disease incidence is on the rise, as is demand for biologics, technological advances, and new product launches, to name a few factors driving market growth. According to the National Center for Biotechnology Information (NCBI), about 45 percent of Americans, or 133 million people, were affected by a chronic disease in 2018.
Furthermore, Capsugel, engaged in providing high-quality, advanced dosage forms to the healthcare industry, has launched a new medication delivery system as part of their effort to continuously innovate for their customers. Capsugel, for example, announced the global commercial launch of its enTRinsic drug delivery technology in October 2015, which offers complete enteric safety as well as targeted release of gastric acid and heat-sensitive active ingredients to the upper gastrointestinal tract.
Moreover, in April 2019, Aquestive Therapeutics, Inc. declared that the U.S. Food and Drug Administration (FDA) acknowledged the organization’s New Drug Application (NDA) for their investigational item, Riluzole oral film (ROF), which the organization means to advertise under the brand name, Exservan. ROF is utilized for treatment of amyotrophic horizontal sclerosis (ALS). ROF is conveyed through a postage stamp measured film which breaks down in the mouth. The FDA had assigned vagrant medication status to the medication in January 2018.
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Risk factors such as needle stick accidents and medication side effects, are limiting market growth to a certain extent. According to an OSHA report from 2014, 5.6 million healthcare staff are at risk of needle sticks and sharps-related injuries, which expose them to blood-borne pathogens.
The global drug delivery technologies market is divided into Latin America, Europe, Asia Pacific, North America, Africa, and Middle East based on region. Because of the introduction and acceptance of novel innovations, North America has a leading role in the global drug delivery technologies industry. For example, in January 2019, Amneal Pharmaceuticals received FDA approval for its generic Exelon patch, which is used for the treatment of Alzheimer’s disease through transdermal drug delivery.
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Table of Content
Global Drug Delivery Technologies Market Research Report
Section 1: Global Drug Delivery Technologies Industry Overview
Section 2: Global Economic Impact on Drug Delivery Technologies Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Drug Delivery Technologies Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Drug Delivery Technologies Market Forecast
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