The market size of the Global Advanced Dermatology Drug Delivery Devices Market in the year 2021 is valued at 4.31 billion and is predicted to reach 9.60 billion by the year 2030 at 9.4% CAGR during the forecast period.
Drug delivery devices that give medications through the skin are not a novel concept; needle-and-syringe combinations have been used for decades. The idea of advanced dermatology drug delivery devices is based on drug delivery with added features for reduced pain, improved medication adherence, customer involvement, user-friendly design, and ease of administration. Injectors, patches, airless dispensers and bottles, dermal pumps, valves, and add-on devices for safety and better connectivity are among the devices available. Moreover, The market is likely to witness considerable growth due to augmented usage of connected devices, the growing number of commercial synergies with pharmaceutical companies, and the growing focus on prescription/medication adherence. Product releases and business synergy have been active among market players, and many players in the market use contract manufacturing as a primary business model.
Furthermore, as the preference turns more toward connected devices, proprietary technologies are projected to play a vital differentiating role for new entrants and incumbent businesses in the future. Furthermore, the market is expected to show growth due to the standardization of protocols and increased awareness of connected devices and their benefits. However, strict laws and concerns about data privacy are projected to be a significant limitation on the market’s growth during the projection period 2021-2030.
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List of Prominent Players in the Advanced Dermatology Drug Delivery Devices Market:
AptarGroup, Inc.
Becton, Dickinson and Company
Bespak
Credence MedSystems, Inc.
E3D Elcam Drug Delivery Devices
Kindeva Drug Delivery L.P.
Latch Medical
LTS Lohmann Therapie-Systeme AG
Medicsensors S.L
Midas Pharma GmbH
Nemera
Owen Mumford
Portal Instruments, Inc.
Vaxxas Inc.
West Pharmaceutical Services, Inc.
The 3M Company
Zosano Pharma Corporation
Raphas Co., Ltd.
Nanopass Tech
Corium International, Inc.
Valeritas, Inc.
Nitto Denko Corporation
Microdermics Inc.
TheraJect, Inc.
Endoderma Ltd.
QuadMedicine
SNvia Co., Ltd.
Small Lab
AdminMed nanoBioSciences LLC
BioSerenTach Inc
Innoture Medical Technology Limited
Clearside Biomedical
CosMED Pharmaceutical Co.Ltd.
Mindera Corp
List of Other Prominent Players
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Market Dynamics:
Drivers:
According to the global advanced dermatology drug delivery devices market report, the global push for connected devices, increasing number of business synergies with pharmaceutical companies, novel technologies in drug delivery, and growing focus on prescription adherence are currently driving the market’s growth. Sensors and connections are becoming increasingly important in medicine delivery as technology advances. Connected gadgets are projected to play a more prominent role in disease management in the future. The market for connected devices is expanding, owing to a rise in the general use of linked devices and patient monitoring in the wake of the COVID-19 epidemic. Drug delivery devices are planned to have features that encourage adherence in the future. With the advancement of technology, prominent industry participants are projected to integrate connectivity elements into their goods via applications. In the case of medicine distribution, a greater focus on patient convenience is driving these technological developments.
Challenges:
Stringent restrictions and concerns about data privacy, as well as a lack of awareness about modern dermatology drug delivery devices among a broad segment of the public in emerging nations, are limiting the market’s growth. Connected healthcare is a game-changing notion. However, it raises worries about data privacy. Networked medical equipment, like other linked devices, are vulnerable to security breaches. In 2021, the market experienced a substantial rate of innovation in terms of new introductions. Furthermore, the concept of connected medical devices is a relatively new concept that will take time to gain traction among the general public, particularly in emerging markets.
Regional Trends:
Europe is expected to have the quickest growth in the market during the projection period. Europe is a market for early adopters of novel devices, and it is expected to be one of the top markets for sophisticated dermatology drug delivery systems in the future. The advantages of connected devices over traditional techniques, such as increased patient care and safety, shorter hospital stays, and faster recovery, have made them popular in Europe. Furthermore, in terms of design, features, and technology, the European Union is one of the world’s leading innovators.
However, in the global market for advanced dermatology drug delivery devices, North America is also expected to grow at more than 35% CAGR. The healthcare systems in North America are among the most technologically advanced in the world. The region boasts a considerable number of early adopters of advanced dermatology medication delivery systems, and it is the world’s top market for these devices.
Recent Developments:
- In March 2021, The Sumaira Foundation for NMO (TSF), an organization dedicated to raising global awareness of neuromyelitis optica spectrum condition, joined with Portal Instruments, Inc.. (NMOSD). The relationship will allow both organizations to collaborate closely to improve the patient experience for those diagnosed with NMOSD.
- In Feb 2020, At the Pharmapack awards, Nemera’s Safe’n’Spray smart electronic concept device was named “Best Innovation in Drug Delivery Device.” Safe’n’Spray is an integrated device that uses a reusable electronic locking mechanism and fingerprint authentication to monitor medicine delivery and avoid overdosing. Safe’n’Spray is designed to meet the special demands of regulating the amounts given to patients over a set period of time in order to avoid overdose.
- In March 2019, LTS Lohmann Therapie-Systeme AG (LTS) and LEO Pharma A/S have announced the launch of a clinical study using microarray patches for psoriasis therapy on the local intradermal level. A microarray patch (also known as a microneedle patch) is a tiny polymeric array that perforates the outer stratum corneum with multiple microneedles to administer encapsulated medicines.
Advanced Dermatology Drug Delivery Devices Market Segmentation:
Advanced Dermatology Drug Delivery Devices Market Segmentation: By Products Estimates & Trend Analysis
- Injectors
- Disposable Injectors
- Reusable Injectors
- Wearable Injectors
- Patches
- Microneedle Patches
- Solid Removable Microneedles
- Coated Microneedles
- Dissolving Microneedles
- Hollow Microneedles
- Hydrogel Forming Microneedles
- Needle-Less Patches
- Dermal Pumps
- Airless Dispensers and Bottles
- Valves
- Other Devices.
Advanced Dermatology Drug Delivery Devices Market Segmentation: By Sales Channel Estimates & Trend Analysis
- B2B Sales Channel
- B2C Sales Channel
Advanced Dermatology Drug Delivery Devices Market Segmentation: By End-user Estimates & Trend Analysis
- Hospitals
- Dermatology Practices
- Home Use
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