Introduction:
Hydrogel-based drug delivery systems are a type of biomaterial that have gained significant attention in the pharmaceutical industry due to their unique properties such as high water content, biocompatibility, and ability to deliver drugs in a controlled manner. The hydrogel-based drug delivery system market has witnessed significant growth in recent years, owing to the increasing demand for drug delivery systems that can improve drug efficacy and reduce side effects. This report provides a detailed market research analysis of the global hydrogel-based drug delivery system market.
Market Size and Growth:
The global hydrogel-based drug delivery system market was valued at USD 10.6 billion in 2021 and is expected to grow at a CAGR of 6.8% during the forecast period (2022-2027). The market is driven by factors such as increasing prevalence of chronic diseases, growing geriatric population, and rising demand for targeted drug delivery.
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Segmentation:
The hydrogel-based drug delivery system market can be segmented based on type, route of administration, application, and region.
Based on type, the market can be divided into synthetic and natural hydrogels. Synthetic hydrogels are expected to dominate the market due to their better mechanical and physical properties.
Based on the route of administration, the market can be segmented into oral, topical, transdermal, ocular, nasal, and others. The transdermal segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for pain management drugs and the ease of administration.
Based on application, the market can be classified into oncology, dermatology, ophthalmology, cardiovascular, neurology, and others. The oncology segment is expected to dominate the market due to the increasing prevalence of cancer and the need for targeted drug delivery.
Regional Analysis:
The hydrogel-based drug delivery system market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
North America is expected to dominate the market due to the presence of major pharmaceutical companies, increasing R&D activities, and high healthcare expenditure. The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, owing to the increasing prevalence of chronic diseases, rising geriatric population, and increasing healthcare expenditure in countries such as China and India.
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Key Players:
Some of the key players operating in the hydrogel-based drug delivery system market include 3M, Ashland Inc., Bausch Health Companies Inc., Cardinal Health Inc., Evonik Industries AG, Johnson & Johnson, Medtronic plc, Merck & Co. Inc., Smith & Nephew plc, and Zimmer Biomet.
Conclusion:
The global hydrogel-based drug delivery system market is expected to witness significant growth during the forecast period, owing to the increasing demand for targeted drug delivery, rising prevalence of chronic diseases, and growing geriatric population. North America is expected to dominate the market, while the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The key players in the market are focused on R&D activities and strategic collaborations to strengthen their position in the market.
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The global Hydrogel-based Drug Delivery System market size is expected to be worth around US$ 20.6billion by 2030, according to a new report by Trends Market Research.The global Hydrogel-based Drug Delivery System market size was valued at US$ 15.9 billion in 2020 and is anticipated to grow at a CAGR of 17.5% during forecast period 2021 to 2030.Growth FactorsHydrogel-based drug delivery systems deliver the therapeutic drug directly at the target site and in a sustained manner.
Hydrogel-based drug delivery systems are appealing and have been used in many branches of medicine such as oncology, pain management, immunology, cardiology, and wound management.The unique physical properties of hydrogel attract their interest in use for drug delivery applications.
As patient compliance issues are frequently reported with injectable insulins such innovation is expected to be a disruptive technology in the diabetes care market.Click Here to Get Sample Premium Report @https://www.trendsmarketresearch.com/report/sample/13640 Report Highlights The natural segment dominated the market for hydrogel-based drug delivery systems and accounted for the largest revenue share of 42.3% in 2020.
Proteins such as gelatin, lysosome, and collagen; and polysaccharides such as chitosan, hyaluronic acid, and alginate are used in the manufacturing of natural hydrogels.
They have good cell adhesion properties but due to their mechanical and stability issues recently are less preferred in formulating drug delivery systems.Hydrogel-based drug delivery systems are made of synthetic polymer and are gaining more acceptance than naturally derived polymer owing to their higher drug absorbing capacity, improved mechanical properties, enhanced lifetime, and controllable degradation features.
So, it becomes easy to incorporate therapeutic drugs into contact lenses.
Microneedle-based Drug Delivery System Market By Sources, End-Users and Region The report on the global Microneedle-based Drug Delivery System Market is derived from intense research, conducted by a team of industry professionals.
The report also provides information on the technological advancements taking place in the Microneedle-based Drug Delivery System market, helping the market vendors to increase their business productivity and operational efficiency.
The report categorizes the Microneedle-based Drug Delivery System market into segments, based on various attributes and features of the products or services.
The base year for the research is 2020 and the research would extend to the forecast period 2027.Some of the key players’ Analysis in Microneedle-based Drug Delivery System Market Cell Microdermics,3M,Nitto,Lohmann Therapie-Systeme AG,Vaxxas,TheraJect,Zosano Pharma,BD,Corium,Nanopass TechnologiesGET SAMPLE COPY OF THIS REPORT: https://www.reportsandmarkets.com/sample-request/global-microneedle-based-drug-delivery-system-market-4341336?utm_source=free_medium=6It is our aim to provide our readers with report for Microneedle-based Drug Delivery System Market, which examines the industry during the period 2020 – 2026.
The first part of the report focuses on providing the industry definition for the product or service under focus in the Microneedle-based Drug Delivery System Market report.
The report will help market players build future business strategies and discover worldwide competition.A detailed segmentation analysis of the market is done on producers, regions, type and applications in the report.On the basis of geographically, the market report covers data points for multiple geographies such as United States, Europe, China, Japan, Southeast Asia, India, and Central& South AmericaAnalysis of the market:Other important factors studied in this report include demand and supply dynamics, industry processes, import & export scenario, R development activities, and cost structures.
