Scope of Global Advanced Drug Delivery Systems Market
Advanced drug delivery system market refers to new techniques designed to distribute therapeutic agents in a controlled, targeted and efficient way, increase patient compliance and treatment results. These systems go beyond traditional distribution methods by continuously releasing, site-specific targeting and novel carriers such as liposomes, nanoparticles, transdermal patch and implantable devices. Advanced drug delivery system plays an important role in treating chronic conditions such as cancer, diabetes, heart diseases and CNS disorders, by reducing adaptation and side effects of bioavailability.
Furthermore, the market is rapidly expanding for advanced drug delivery systems, increasing prevalence of chronic diseases, demand for minimum invasive treatment methods, and continuous innovations in nanotechnology, biology and precise medicine. An increase in R&D investment, growing adoption of self-administered therapies, and accelerating a strong pipeline and growth of biosimilars. Additionally, integration of smart drug delivery platforms, such as wearable injector and micro needle patch, open new opportunities in personal healthcare. For instance, on 18th July 2024, Pfizer announced its investment in novel-based delivery systems to increase oncology therapy, aimed at targeting the drug and improving patient results.