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Allied Market Research

Electronic Drug Delivery System Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11257
Pages: NA
Jul 2021 | 60 Views
 
Author(s) : Onkar Sumant
Tables: NA
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Electronic Drug Delivery System Market Overview:

Electronic drug delivery systems (EDDS) represents a trend in the advancement and development of drug delivery systems, that are interactive, portable, wirelessly connected and allow patient-administered therapy dropping overall healthcare cost. Insulin pump is one of the most commonly used Electronic Drug Delivery System which can be utilized for management of diabetes. The upgrading of patient adherence when using prescribed medication is one of the driving forces in the development of EDDS. Additionally, EDDS have shown the potential to offer targeted drug delivery to particular sites in the body. The EDDS can be used nowadays for appropriate administration of drug to the targeted site.

Electronic drug delivery system market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Indication and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Novo Nordisk, Insulet Corporation, Bayer AG, Medtronic plc., AstraZeneca, Tandem Diabetes Care, Merck Group, Amgen, United Therapeutics Corporation, F. Hoffmann-La Roche, and Companion Medical.

 

COVID-19 scenario analysis:

The medical supplies important to help in the management of the infected population would boost in the current scenario. There is various respiratory support devices such as life-support machine, atomizer, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Furthermore, COVID-19 has led to a steep increase in the demand for medical supplies such as personal protective equipment including gloves, masks, and protective eyeglasses. With surge in number of COVID-19 cases globally, the need for medical supplies keeps on growing among, both from healthcare professionals and also among the civil population for precautionary measures. The manufacturers of these personal protective products have a chance to capitalize this augmented demand of medical supplies to ensure adequate and also continuous supply of personal protective equipment in the market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The key factors are anticipated to help the market grow in the near future that include growth in the prevalence of target and advancements in technologies and innovation in designs of electronic drug delivery system. Furthermore, favorable reimbursement scenario in majority of the markets would help the industry propel in the near future. However, disadvantages that are associated with the electronic device operation and the functionality would help the electronic drug delivery system market boost in the near future.

New product advancements to flourish the market

The increase in the development of the products according to the need of the industry would help the market grow in the near future. For instance, in March 2020, Diabeloop of Grenoble, had developed an external Type 1 diabetes management system, called as DBLG1, that connects three components, which are a patch-like insulin pump, continuous glucose monitor, and an artificial intelligence handset that contains Diabeloop’s self-learning algorithm and user interface

In May 2017, Aptar Pharma, which is among the leader in innovative drug delivery systems announced the approval by the European Medicines Agency (EMA) of its first integrated electronic nasal lockout device (e-Lockout) and also following a multi-year development with Takeda Pharmaceuticals International AG. Furthermore, Aptar Pharma agreed to supply Takeda with its e-Lockout device for a multidose nasal spray version of Instanyl. The EMA had granted marketing authorization for this multidose nasal spray treatment called Instanyl DoseGuardTM.

Surge in mergers and acquisitions to boost the market

The growth in the mergers and acquisition would help the key market players to show their presence in the market and hence gain maximum shares in the forecast period.  For instance, in July 2018, Swiss tech company Sensile Medical acquired by Gerresheimer, which is a glass and plastics manufacturer focusing in pharmaceutical packaging and drug delivery devices, with insulin pens and inhalers, in a deal worth up to €350 million with half upfront. The goal of merging the two companies includes developing new delivery systems with digital and electronic capabilities.

Key segments covered:

Segments

Sub-segments

  Type

  • Electronic Injection Pens
  • Electronic Wearable Infusion Pumps
  • Electronic Inhalers
  • Others

  Indication

  • Diabetes
  • Cardiovascular Disease
  • Multiple Sclerosis
  • Asthma & COPD
  • Other Indications


Key benefits of the report:

  • This study presents the analytical depiction of the global electronic drug delivery system market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Electronic Drug Delivery System market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Electronic Drug Delivery System market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Electronic Drug Delivery System market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Electronic Drug Delivery System Market research report:

  • What are the leading market players active in the Electronic Drug Delivery System market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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