Dallas, TX -- (SBWire) -- 02/16/2011 -- This global injectable drug delivery market can be broadly segmented as market for injectable drug delivery formulations and market for injectable drug delivery devices. Much of the growth in the injectable drug delivery market has been attributed to the growth in the formulation technology market.

Globally, injectable medications form the second most preferred class of drugs, with oral route of administration leading the global pharma market. Injectable drug delivery devices have evolved from traditional needles and syringes to recently developed needle-free injectors. The market has evidenced a shifting trend from administration of injections in clinician settings to home care settings, which has resulted in increasing the focus of industry players towards the development of user friendly and patient compliant devices.

On the drug delivery formulation front, novel drug delivery technologies and applications of nanotechnology have resulted in the development of targeted drug delivery carriers such as liposomes, microspheres and polymeric micelles. PEGylation of these nanoparticles enables sustained release of drugs at the target site. Rising need of targeted and sustained drug delivery in the treatment of chronic diseases and need of cost efficient delivery of high priced medications is expected to drive this market.

Growth of biologics and entry of biosimilars in leading pharma markets such as the U.S. and Europe is expected to be the key driver for growth of the injectable drug delivery market for the forecast period (2010-2015).

Driven by above mentioned factors, the global injectable drug delivery market is expected to reach a level of $29,981 million in 2015 from $14,994 million in 2009 at a CAGR of 12.3% during 2010-2015.

Markets Covered
The report evaluates injectable drug delivery market with respect to revenues, growth, therapeutic areas and industry focus in the following markets:

Injectable drug delivery devices technology market
Injectable drug delivery formulation technology market
Injectable drug delivery therapeutics market

The report provides market estimates and forecasts for the global injectable drug delivery market in North America, Europe, Asia, and Rest of the World (ROW). In addition to market sizing and forecasts, the report also offers a detailed analysis of the market trends, opportunities, and factors influencing the growth of each segment of the injectable drug delivery market.

Stakeholders
The targeted audience for this report includes:
Manufacturers, suppliers and dealers of injectable drug delivery technologies
Pharmaceutical and biotech companies
Potential investors in the drug delivery technology market

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Original source: Injectable Drug Market
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