Global Electronic Drug Delivery Systems Industry Forecast to 2030 : Wearable Infusion Pumps Will Witness Significant Demand
Zion Market Research has published a new report titled “Electronic Drug Delivery Systems Market by Type (Electronic Autoinjectors, Electronic Wearable Infusion Pumps, Electronic Inhalers, and Electronic Injection Pens), and Indication (Multiple Sclerosis, Diabetes, Asthma & COPD, Cardiovascular Disease, and Other Indications): Global Industry Perspective, Comprehensive Analysis and Forecast.
The global market for Electronic Drug Delivery Systems is expected to experience substantial growth, reaching $21.5 billion by 2030, with a projected CAGR of 9.2% during the analysis period of 2022–2030. The post-COVID-19 business landscape has driven the market, with an estimated size of $10.6 billion in 2022. Wearable Infusion Pumps is one of the segments that will witness significant growth, projected to record a CAGR of 8.9% and reach $8.7 billion by the end of the analysis period. The Auto Injectors segment is also expected to grow at a revised CAGR of 9.4% over the next 8 years
Electronic drug delivery systems (EDDS) are an important part of the innovation in the field of drug delivery systems. EDDS are interactive, portable, wirelessly connected and enable patient-supervised therapy. These factors play a vital role in decreasing the overall healthcare expenditures. EDDS has immense potential in the field of targeted drug delivery. By delivering optimum concentration of doses to specific body parts, targeted drug delivery helps in reducing the dosage frequency of potentially harmful drugs.
Factors such as growing incidence of target ailments, major advancements in design of EDDS, increasing prevalence of chronic ailments, and positive reimbursement situation in developed regions will act as major driving factors in the growth of global electronic drug delivery systems market. Application of EDDS in targeted drug delivery and increasing research and development initiatives will act as an opportunity for the market players in the electronic drug delivery systems market. Nonetheless, high cost of electronic drug delivery systems, need for maintenance and lack of awareness in low income countries will restrict the growth of global electronic drug delivery systems market.
The global electronic drug delivery systems market has been split into type, indication. Based on type, electronic drug delivery systems market has been segmented into electronic autoinjectors, electronic wearable infusion pumps, electronic inhalers, and electronic injection pens. The electronic wearable infusion pumps segment accounted for the highest market share in 2018 due to increasing diabetes incidence and growing accessibility of commercial infusion pumps. The indication segment has been segmented into multiple sclerosis, diabetes, asthma & COPD, cardiovascular disease, and other indications. The diabetes segment accounted for the highest market share in 2018 due to increase in number of diabetes cases around the world and launch of new products.
Regionally, the electronic drug delivery systems market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America will be the leading region during the forecast period. Quick uptake of new technologies, high prevalence of target disorders, easy availability of electronic drug delivery devices, and presence of leading market players will boost the market growth in this region. Europe will be the second largest market. The major reasons are existence of skilled physicians, growth in awareness concerning use of electronic drug delivery devices, high diabetes incidence, and favorable reimbursement setup. Asia Pacific will proliferate at speedy rate over the forecast period due to fast technological improvements in the healthcare sector and swelling cases of asthma and other respiratory ailments. Latin America market will progress at a noteworthy rate during the estimate period. The Middle Eastern and African countries are expected to experience noticeable growth in the projected time-frame.
The report also includes detailed profiles of key players such as -
- Medtronic plc
- Insulet Corporation
- Merck Group
- Bayer AG
- Novo Nordisk
- AstraZeneca
- United Therapeutics Corporation
- Amgen
- Tandem Diabetes Care
This report segments the Global Electronic Drug Delivery Systems Market as follows:
Global Electronic Drug Delivery Systems Market: By Type
- Electronic Autoinjectors
- Electronic Wearable Infusion Pumps
- Electronic Inhalers
- Electronic Injection Pens
Global Electronic Drug Delivery Systems Market: By Indication
- Multiple Sclerosis
- Diabetes
- Asthma & COPD
- Cardiovascular Disease
- Other Indications
Global Electronic Drug Delivery Systems Market: By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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