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Global Microneedle Drug Delivery System Tiny Market Will Growth with CAGR 66.45% - QYResearch Report

Author: QYResearch  |   Published Date: 2020-12-10   |   Views: 79



According to QYResearch newest report, the global microneedle drug delivery system market was valued at US$ 0.62 million in 2020 and will reach US$ 1293.49 million by the end of 2030, growing at a CAGR of 66.45% during 2020-2035.

Microneedle drug delivery systems usually include Hollow Microneedle Technology microneedle and Dissolving Microneedles Technology microneedle, offering patient-friendly delivery solutions for vaccines or difficult-to-deliver biologics for particularly needle-phobic patients.

Intradermal drug delivery is increasingly recognized as a potential solution to many of the challenges faced by new and existing medicines. Intradermal dosing provides the opportunity to more effectively administer agents such as small molecules, biologics, and vaccines, allowing for improved bioavailability. Nonetheless, the widespread use of this route of administration continues to be limited by technical challenges in the performing of intradermal injections, which requires specialized training and has poor reproducibility.

Microneedles are a rapidly growing technology developed to solve issues surrounding intradermal drug administration. While many microneedle platforms have been developed over nearly 2 decades, the issues and concerns remain largely the same.

Global Microneedle Drug Delivery System Market- Key Players

3M, Zosano Pharma, Becton-Dickinson(BD)Technologies, Nanopass Technologies, Corium, Valeritas are the leaders of the industry, and they hold key technologies and patents, with high-end customers. At the moment, only a few companies in North America has products provided in the market. There are few suppliers outside the region. In the next few years, North America and Europe will become the major production bases for Microneedles.

 

Read More Information: https://www.qyresearch.com/index/detail/2093533/global-microneedle-drug-delivery-system-market

 

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