Drug and Gene Delivery Devices Market Size to Gain US$ 815 BN by 2030

The global drug and gene delivery devices market size is expected to hit USD 815 billion by 2030 from at USD 410 billion in 2021 and is expanding growth at a noteworthy CAGR of 7.2% from 2022 to 2030.

The drug and gene delivery devices are mostly used in the treatment of genetic disorders. The delivery type involved for these diseases are nasal, oral, injectable, topical, ocular, transdermal, and inhalation. The methods used in drug and gene delivery devices are ex vivo and in situ. The demand for drug and gene delivery devices in developed countries.

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The rising prevalence of chronic disorders is driving the growth of the global drug and gene delivery devices market. The people with cancer and diabetes are growing on a large scale. According to the World Health Organization (WHO), cancer is the biggest cause of death worldwide, with approximately 10 million fatalities expected in 2020, accounting for nearly one in every six deaths. Diabetes is considered as one of huge cause of mortality with an estimated 1.5 million fatalities caused by cancer every year. Thus, the rapid growth of such diseases is boosting the growth of the global drug and gene delivery devices market over the projected period.

The presence of large number of key market players in drug and gene delivery devices is contributing towards the market expansion. To broaden their product portfolio, the major market players and firms in the worldwide drug and gene delivery devices market are focusing on accepting and adopting new and sophisticated gene delivery systems and drug development.

Furthermore, the high investments in the ongoing research and development activities are increasing the need and requirement of the drug and gene delivery devices. The clinical trials are being carried out for the development of new drugs and medications for the treatment of genetic disorders. Thus, these factors is encouraging the expansion of the global drug and gene delivery devices market during the forecast period.

Report Highlights:

• Based on the delivery type, the oralsegment dominated the global drug and gene delivery devices market in 2020 with largest market share. The oral route of administration and drug delivery is very convenient type of delivery. Thus, the rising prevalence of targeted infections and disorders is also driving the segment growth.
• On the basis of method, the situsegment holds the largest market share the global drug and gene delivery devices market in 2020. The situ method is highly used in the genetic surgical procedures or operations.
• Based on the vector, the viral vector segment dominated the global drug and gene delivery devices market in 2020 with largest market share. The viral vector is significantly utilized in the gene therapies. This has increased the success rate of therapies.
• North America is the largest segment for drug and gene delivery devices market in terms of region. In North America, the U.S. is the most dominating country in the drug and gene delivery devices market. This is owing to development of advanced technologies and methods and existence of huge number of market players.
• Asia-Pacific region is the fastest growing region in the drug and gene delivery devices market.The factors such as development of novel drug delivery systems and constant efforts for the research and development are creating prospects for the growth of the drug and gene delivery devices market in the region.

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Future of Drug and Gene Delivery Devices Market

The government of developed and developing regions are promoting the use of drug and gene delivery devices on a large scale. These devices involve low risk of infection and error while treating and diagnostics of chronic disorders. The drugs classified as class 2 by the Biopharmaceutical Classification System are now available in oral dose forms. The advanced implants in a variety of forms and sizes are available in the market. The auto injectors are being introduced in the drug and gene delivery devices market. The adaptive aerosol delivery and smartcard are examples of sophisticated pulmonary devices. All these technological advancements and advanced tools and devices is creating prospects for the expansion of the global drug and gene delivery devices market in the near future.

COVID-19 Impact Analysis:

• The growth of the global drug and gene delivery devices market was impacted by COVID-19 pandemic significantly.
• The supply chain disruption and manufacturing units shut down had caused negative impact on the expansion of the drug and gene delivery devices market in 2020.

Key Developments in the Marketplace:

• Novartis Access was introduced in Kenya by Novartis AG in October 2015 with the goal of providing Kenyans with a portfolio of 15 cheap pharmaceuticals for the treatment of breast cancer, diabetes, cardiovascular diseases, and respiratory illnesses.

The prominent players operating in the drug and gene delivery devicesmarket includes:

• Pfizer, Inc.
• F. Hoffmann-La Roche Ltd
• Johnson and Johnson Private Ltd
• Novartis AG
• Bayer AG
• Becton, Dickinson and Company
• Uniqure NV

Market Segmentation

By Delivery Type

• Oral
• Ocular
• Inhalation
• Nasal
• Injectable
• Transdermal
• Topical

By Method

• In Situ
• Ex Vivo

By Vector

• Viral Vector
• Non-Viral Vector

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

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