The report "Injectable Drug Delivery Market by Type (Device, Formulation), Therapeutic (Hormonal, Oncology), Usage Pattern (Curative Care, Immunization), Administration (Skin, Musculoskeletal), End User (Hospital, Home Care Setting) - Global Forecast to 2020", the Injectable Drug Delivery market is expected to reach $574.8 Billion by 2020 from $326.1 Billion in 2015, growing at a CAGR of 12.0% from 2015 to 2020.
Browse 217 tables and 47 figures spread through 241 pages and in-depth TOC on "Injectable Drug Delivery Market"
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Becton, Dickinson and Company (BD) (U.S.), Baxter International, Inc. (U.S.), Gerresheimer AG (Germany), Pfizer, Inc. (U.S.), Schott AG (Germany), Sandoz (Germany), Teva Pharmaceutical Industries Ltd. (Israel), and Eli Lilly and Company (U.S.) are the major players in the injectable drug delivery market.
Becton, Dickinson and Company (BD) dominated the injectable drug delivery market in 2014. The company offers an exhaustive product portfolio comprising pen injectors, auto injectors, auto-disable injection systems, and conventional injections. Becton, Dickinson and Company’s well-established brand and its experience of nearly a decade in the market give it a competitive edge over other players. The company focuses on expanding its market share through its diverse product portfolio in the injectable drug delivery market. In March 2015, BD (U.S.) acquired CareFusion Corp (U.S.). This acquisition expanded the company’s product offerings and strengthened its presence in the market.
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In 2014, new product launches accounted for the largest share of the total number of strategic developments undertaken by market players. For instance, in May 2015, Eli Lilly and Company received U.S. FDA approval for Humalog 200 units/mL KwikPen (insulin lispro 200 units/mL; U-200), a prefilled syringe used for the treatment of type 1 and type 2 diabetes. This approval helped the company in providing a more efficient pen injection, in terms of the usage period. In April 2015, Teva Pharmaceutical Industries Ltd. launched the Argatroban injection for intravenous infusion, in the U.S. This injection is used as a blood thinner for adult patients. Through this launch, the company expanded its offerings in the U.S. market. In August 2014, Baxter International, Inc. received U.S. FDA approval for FLEXBUMIN [Albumin (Human)], USP, 5% Solution. It is a sterile, non-pyrogenic preparation of albumin in a single-dosage form for intravenous administration. FLEXBUMIN is used for the treatment of hypovolemia and hypoalbuminemia. This approval helped the company expand its injectable product offerings.
Asia is expected to be the fastest-growing country in the injectable drug delivery market. High growth in this market can be attributed to the increased demand for injectable insulin and self-injection devices, particularly pen injectors which are used in the treatment of diabetes.
Apart from comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise basic views on key players in the injectable drug delivery market and product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future.
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The other key strategies adopted by players in the injectable drug delivery market include agreements, collaborations, mergers & acquisitions, and expansion. These strategies were majorly adopted by Becton, Dickinson and Company (BD) (U.S.), Baxter International, Inc. (U.S.), Pfizer, Inc. (U.S.), Sandoz (Germany), Teva Pharmaceutical Industries Ltd. (Israel), and Eli Lilly and Company (U.S.).
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