India Drug Delivery Devices Market to Grow with a CAGR of 6.11% through 2030
Technological advancements in the medical device
manufacturing and rapid growth of the biopharmaceutical industry are expected
to drive the India Drug Delivery Devices Market growth in the forecast period,
2026-2030.
According to TechSci Research report, “India Drug
Delivery Devices Market -Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2030F”, the India Drug Delivery Devices Market
stood at USD 12.70 Billion in 2024 and is anticipated to grow with a CAGR of 6.11% in the forecast
period, 2026-2030. Several factors are
propelling the growth of the Drug Delivery Devices market in India. A
significant driving force is the rising prevalence of chronic diseases such as
diabetes, cardiovascular disorders, and cancer, necessitating effective drug
delivery systems. Aging population and the associated increase in age-related
ailments also contribute to this trend.
Advancements in technology are leading to
the development of innovative and more efficient drug delivery devices, further
stimulating market growth. The expansion of healthcare
infrastructure and increased healthcare spending in India provide a conducive
environment for market development.
Technological advancements in the field of drug
delivery have played a crucial role in driving market growth. The development
of controlled release drugs and advancements in drug delivery methods have made
treatment more effective and convenient for patients. These advancements have
not only improved the overall patient experience but also increased treatment
adherence, leading to better health outcomes. The demand for drug
delivery devices has been positively influenced by the increasing adoption of
innovative strategies by key market players. These players are actively
focusing on developing devices with advanced features, such as digital
capabilities and the next generation of injectable devices. For example, Berry
Global Group, in August 2021, announced plans to construct a second
manufacturing plant and a worldwide center of excellence for healthcare in
Bangalore, India. This strategic initiative aims to strengthen Berry's position
in the market for inhalation devices and injectable devices, further driving
the growth of the drug delivery device market in India.
However, it is important to note that the growth of
the drug delivery device market in India is not without challenges. The risk of
infections and side effects associated with these devices poses a concern for
both patients and healthcare providers. Stringent regulatory
guidelines for the approval of drug delivery devices can also hinder market
growth. It is crucial for manufacturers and regulatory authorities to
collaborate and ensure the safety and efficacy of these devices to overcome
these challenges. Despite these challenges, the market for drug delivery
devices in India is poised for significant expansion, driven by the increasing
healthcare needs of the population and advancements in technology. The
potential to improve patient outcomes and enhance the overall healthcare
landscape in India makes this an exciting and promising market for drug
delivery device manufacturers and stakeholders.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Drug Delivery Devices Market”
The India Drug Delivery Devices Market is segmented
into devices, route of administration, application, end user, regional
distribution, and company.
Based on end user, hospitals
emerge as the dominant player in the Indian Drug Delivery Devices Market.
Hospitals serve as primary points of healthcare delivery, catering to a wide
range of medical needs, from routine check-ups to complex surgical procedures.
Due to their extensive patient base and comprehensive healthcare services,
hospitals drive substantial demand for various drug delivery devices.
Within
hospitals, drug delivery devices find diverse applications across departments
such as surgery, critical care, oncology, and chronic disease management. For
instance, infusion pumps are widely utilized in hospital settings for precise
administration of medications and fluids during surgeries, intensive care, and
chemotherapy sessions. Similarly, inhalers and nebulizers are essential for
respiratory therapy in hospital wards treating patients with asthma, COPD, or
other respiratory conditions. Hospitals often have dedicated pharmacies or drug
dispensing units where patients can access medications and drug delivery
devices prescribed by healthcare professionals. This integrated approach
facilitates seamless procurement and utilization of drug delivery devices
within the hospital ecosystem. While diagnostic centres and ambulatory surgery
centres also contribute to the demand for drug delivery devices, their scope of
usage is comparatively narrower, primarily focusing on specific diagnostic
procedures or outpatient surgeries. Thus, hospitals remain the dominant force
shaping the Indian Drug Delivery Devices Market, driven by their extensive
healthcare infrastructure and diverse patient care requirements.
Based on region, the western region of India holds a
dominant position in the country's Drug Delivery Devices Market because this region serves as a major hub for pharmaceutical
manufacturing, research, and innovation, with prominent cities like Mumbai,
Ahmedabad, and Pune hosting numerous pharmaceutical companies, research
institutes, and academic institutions. The concentration of industry expertise
and infrastructure in the Western region facilitates the development and
production of advanced drug delivery devices, ranging from injectable systems
to implantable devices.
The Western
region boasts a robust healthcare ecosystem, with a high density of hospitals,
clinics, and medical facilities. These healthcare institutions drive
substantial demand for drug delivery devices to meet the diverse needs of
patients across various therapeutic areas, including cardiology, oncology, and
diabetes management. The Western region's strategic geographical location and
well-developed transportation infrastructure enhance its connectivity and
accessibility, enabling seamless distribution and supply chain management of
drug delivery devices across the country.
Major companies operating in India Drug Delivery
Devices Market are:
- Pfizer Ltd.
- Novartis India Ltd.
- GlaxoSmithKline Pharmaceuticals Ltd.
- India Medtronic Private Ltd.
- Cardinal Health International India Pvt Ltd.
- B. Braun Medical (India) Pvt. Ltd.
- Sun Pharmaceutical Industries Ltd.
- 3M India Ltd.
- Cipla Ltd.
- Bayer Zydus Pharma
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“The India drug delivery devices market is expected to
witness significant growth during the forecast period. This growth can be
attributed to the increasing demand for drug delivery devices and the rising
awareness about health among the population. The market is also driven by the
introduction of technological advancements and novel products in the field of
drug delivery. These smart drug delivery devices are designed to effectively
manage various diseases. The rapid development in the health
sector has led to an increased demand for drug delivery devices in India. With
the changing lifestyle and the rise in the number of fatal diseases, there is a
growing need for efficient drug delivery systems. These devices play a crucial
role in ensuring the accurate and timely administration of medications, thus
improving patient outcomes. The India drug delivery devices market is poised
for significant growth in the coming years. The advancements in technology and
the focus on improving healthcare outcomes are driving the demand for
innovative drug delivery devices in the country.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“India Drug
Delivery Devices Market By Devices (Syringe, Inhaler, Nebulizer, Transdermal
Patch), By Route of Administration (Oral Drug Delivery, Injectable Drug
Delivery, Topical Drug Delivery, Others), By Application (Cancer, Respiratory
Diseases, Diabetes, Cardiovascular Diseases, Others), By End User (Hospitals,
Diagnostic Centres, Ambulatory Surgery Centres, Others), By Region,
Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Drug
Delivery Devices Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in India Drug
Delivery Devices Market.
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