The global Electronic Drug Delivery Systems (EDDS) market size is expected to reach USD 21.79 Billion in 2032 and is expected to register a steady revenue CAGR of 7.9% during the forecast period, according to latest analysis by Emergen Research. Rising demand for targeted and long-acting injectable drugs is a major factor driving market revenue growth. EDDS are rapidly used for management of chronic diseases including diabetes, Cardiovascular Diseases (CVD), respiratory disorders, and other applications. Some of the EDDS available in the market include wearable infusion pumps, electronic autoinjectors, injectable insulin pins, and electronic inhalers. In addition, rising prevalence of CVD, such as diabetes, cancer, and others particularly in developing economies, and demand for ionizable drug delivery systems for efficient and selective gene therapy are factors driving market revenue growth. Market companies operating in various regions are significantly investing in product Research & Development activities and getting into mergers and acquisitions to improve product services and establish a global footprint. Improving medication adherence presents a significant opportunity for market players to gain a larger market share, as over half of chronic disease patients discontinue medications within a year. Moreover, companies are primarily focused on outcome-based models, connected drug delivery systems facilitate treatment programs, reduce healthcare costs associated with non-adherence, and provide favorable reimbursement.
The research report on the Electronic Drug Delivery Systems market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Electronic Drug Delivery Systems business sphere.
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The leading market contenders listed in the report are:
Bayer AG, Gerresheimer AG, Medtronic, Elcam Medical, Novo Nordisk A/S, Insulet Corporation, BD, Sanofi, Frederick Furness Publishing, and United Therapeutics Corporation
The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Overview:
The report bifurcates the Electronic Drug Delivery Systems market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019–2032)
Wearable Infusion Pumps
Auto Injectors
Injection Pens
Inhalers
Application Outlook (Revenue, USD Billion; 2019–2032)
Diabetes
Cardiovascular Disease (CVD)
Respiratory Disorders
Multiple Sclerosis
Others
Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Electronic Drug Delivery Systems Market report:
The latest report comprehensively studies the global Electronic Drug Delivery Systems market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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