Advanced drug delivery systems are the improved methods for delivering the drug molecule to the targeted site in a more controlled manner. These methods are developed in order to improve the efficacy ratio of the currently available drugs. Delivering drug at the controlled rate, slow and targeted delivery for onsite drug release and absorption are the basis for the development of advanced drug delivery systems.
Furthermore, the development of improved methods of drug delivery is preferred these days over the search for novel molecules. There are various dosage forms available by which a drug substance can be incorporated for efficacious delivery. Advancements in biotechnology and nanotechnology have significantly boosted the development of novel drug delivery approaches.
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Segmentations-
By Delivery Mode
- Oral drug delivery
- Pulmonary drug delivery
- Transdermal drug delivery
- Parenteral drug delivery
By Carrier Type
- Liposomes
- Nanoparticles
- Microspheres
- Monoclonal antibodies
- Others
By End Users
Hospitals
- Specialized clinics
- Clinical Research & Development Centres
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Development of novel drug delivery systems is dependent on the number of funding projects for its research and development. The price of the delivery system depends on the complexity of disease, drug molecule and the delivery mode preferred. Market growth is also dependent on the adoption rate of these advanced delivery systems by healthcare practitioners.
Various advanced drug delivery and drug targeting systems are currently under development which may fuel the market in future. The emergence of new bioactive materials and gene therapy are also getting attention for the development of advanced drug delivery systems.
Geographically, the market for advanced drug delivery systems can be segmented into five regions, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global advanced drug delivery systems market owing to the better adoption of improved drug delivery solutions as well as follow-up of advanced treatment approaches in healthcare.
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Asia Pacific region represents significant market opportunities in the advanced drug delivery systems due to the improvement in healthcare infrastructure as well as increasing healthcare spending and rising disease prevalence.
Some major key players of advanced drug delivery systems market include NeXstar Pharmaceuticals, Inc., West Pharmaceutical Services, Inc., AstraZeneca, Sequus Pharmaceuticals Inc., 3M, Novartis International AG and others.
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