The global revenue for advanced drug delivery systems was estimated to be US$181.9bn in 2013, according to the report Global Markets and Technologies for Advanced Drug Delivery Systems. And by 2018, revenues are forecast to reach nearly $212.8bn, showing a compound annual growth rate (CAGR) of 3.2%.1 On a more local level, Decision Resources Group2 forecasts the US drug delivery device market alone will exceed $4.5bn by 2022. This market growth is largely being driven by product innovations, such as microneedle patches and subcutaneous implants, the company says.
Injection devices continue to represent the major revenues as more diabetic patients adopt pen injectors over traditional drug delivery methods such as insulin pumps or syringes. There is much innovation within this sector with Novo Nordisk, Sanofi and Eli Lilly all developing new versions or more complex pen injectors that are expected to launch within the next 10 years.
The global market for pulmonary drug delivery technologies reached $32.4bn in 2013 and is expected to grow to $43.9bn in 2018, a CAGR of 6.2%, according to BCC Research.3 Here too there is considerable innovation – most notably by MannKind, which recently received approval for the Afrezza inhaler, the first inhaler to deliver insulin. Drugs delivered via inhalers are absorbed rapidly by the body, and some see this breakthrough as having the potential to disrupt the traditional insulin delivery device markets.
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