Novel Drug Delivery System Market
Growing prevalence of chronic diseases, drug innovation, and the rising biologics market is also contributing to the growth of novel drug delivery systems market
Growing prevalence of chronic diseases, drug innovation, and the rising biologics market is also contributing to the growth of novel drug delivery systems market
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<strong>Novel</strong> <strong>Drug</strong> <strong>Delivery</strong> <strong>System</strong> <strong>Market</strong> -<br />
INDUSTRYINSIGHTS, TRENDS, OUTLOOK, AND<br />
OPPORTUNITY ANALYSIS, 2016–2024<br />
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REPORT DESCRIPTION<br />
<strong>Novel</strong> <strong>Drug</strong> <strong>Delivery</strong> <strong>System</strong> <strong>Market</strong> : Overview<br />
<strong>Novel</strong> <strong>Drug</strong> <strong>Delivery</strong> <strong>System</strong> (NDDS) refers to the formulations, systems to<br />
transport pharmaceutical compound in the body, and approaches needed to achieve<br />
the desired therapeutic effect. The side effects and slow processing of conventional<br />
drug therapy are contributing to the emergence of novel drug delivery system’s<br />
concept. <strong>Novel</strong> ideas based on interdisciplinary approaches controlling the<br />
pharmacodynamics, immunogenicity, pharmacokinetics, bio-recognition, and<br />
efficiency of drugs were generated. This new system helps in reducing the drug<br />
degradation, increasing availability of drugs, and prevent from harmful side effects<br />
of drugs. This system provides various commercial and therapeutic benefits by<br />
enabling to formulate the novel drug delivery devices so that it can incorporate the<br />
drug molecules into the new delivery system.<br />
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REPORT DESCRIPTION<br />
<strong>Novel</strong> <strong>Drug</strong> <strong>Delivery</strong> <strong>System</strong> <strong>Market</strong> : Taxonomy<br />
Growing prevalence of chronic diseases, drug innovation, and the rising biologics<br />
market is also contributing to the growth of novel drug delivery systems market.<br />
According to data published by Fraser Institute Canada in July 2016, around 22%<br />
of overall sales of pharmaceutical firms in 2013 and expected to reach 32% by 2023<br />
globally. The global spending on biologics has increased by 7% as compared to<br />
previous year.<br />
Effectiveness of novel drug delivery system in cancer therapy is also a major factor<br />
propelling the novel drug delivery systems market growth. For instance, according<br />
to the data published by International Journal of Pharma Sciences and Research<br />
(IJPSR), around 9 million deaths occurred due to cancer in 2015 and estimations<br />
reveal that around 11.4 million people are expected to die due to cancer by 2030.<br />
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REPORT DESCRIPTION<br />
<strong>Novel</strong> <strong>Drug</strong> <strong>Delivery</strong> <strong>System</strong> <strong>Market</strong> : Key Players<br />
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Abbott Laboratories Limited<br />
Johnson & Johnson<br />
3M Company<br />
Bayer AG<br />
Novartis AG<br />
Teva Pharmaceuticals Industries Limited<br />
Boston Scientific<br />
AstraZeneca Plc.<br />
Sanofi SA<br />
Genzyme Co..<br />
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