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Asia Pacific Drug Delivery Systems Market
No. of Pages: 261 | Report Code: TIPRE00007130 | Category: Life Sciences
No. of Pages: 261 | Report Code: TIPRE00007130 | Category: Life Sciences
The Asia Pacific drug delivery systems market is expected to reach US$ 441,337.0 Mn in 2027 from US$ 212,012.7 Mn in 2018. The market is estimated to grow with a CAGR of 8.6% from 2019-2027.
The growth of the market is driven by the factors such as, rapid technological advancements in diabetes care devices and increasing rate of obesity. However, the market is likely to slower down its growth due to the increasing reuse of pen needles in the region.
Obesity is one of the major problem and the biggest concern in all the countries across the region. Currently, more than one in two adults and nearly one in six children are obese. Obesity is one of the major issues that affects people of all ages and incomes globally. Overweight and obesity is the abnormal or excessive fat accumulation in the body leading to impaired health. According to the MoHFW, Government of India, in India is approx. 60 million adults with diabetes (7.8% of the population), of which more than 30 million are undiagnosed or untreated anticipated in 2015. Thus, there is higher increasing risk of developing complications and premature mortality. Obesity plays a major role in increasing diabetes among the population across the region. Physical activity is important to maintain the blood glucose level. Lack of exercise and unhealthy diet such as diet high in fat and calories increase the risk for the development of obesity and diabetes, cardiovascular disease (CVD), chronic respiratory illnesses, and diet-related cancers. According the data of National Health and Nutrition Examination Survey, in 2015-2016, the obesity rate between the youth of the age group between 2 to 19 is 18.5%. The rate varies among different age groups, with rates rising along with age. While overall obesity rates remain higher than they were a generation ago.
Lack of exercise, unhealthy diet, and rapid growth in the obese population is expected to increase the susceptibility of diabetes among population in the region.
China is expected to lead the market in the Asia Pacific region owing to the technological advancements in medical device industry and rising focus on diagnosis and treatment of chronic diseases among the adults and the elderly population. Moreover, emergence of local players and rising number of product approvals in the country is expected to support the growth of drug delivery systems market in China. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the Asia Pacific region during the forecast period.
Strategic insights for the Asia Pacific Drug Delivery Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Drug Delivery Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas. Rest of Asia Pacific Drug Delivery Systems Market Revenue and Forecasts to 2027 (US$ Mn)
Asia Pacific Drug Delivery Systems Strategic Insights
Asia Pacific Drug Delivery Systems Report Scope
Report Attribute
Details
Market size in 2018
US$ 212,012.7 Million
Market Size by 2027
US$ 441,337.0 Million
Global CAGR (2019 - 2027)
8.6%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Route of Administration
By Distribution Channel
By Application
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Asia Pacific Drug Delivery Systems Regional Insights
ASIA PACIFIC DRUG DELIVERY SYSTEMS – MARKET SEGMENTATION
By Product
By
Application
By Distribution Channel
By Geography
Company Profiles
The List of Companies
The Asia Pacific Drug Delivery Systems Market is valued at US$ 212,012.7 Million in 2018, it is projected to reach US$ 441,337.0 Million by 2027.
As per our report Asia Pacific Drug Delivery Systems Market, the market size is valued at US$ 212,012.7 Million in 2018, projecting it to reach US$ 441,337.0 Million by 2027. This translates to a CAGR of approximately 8.6% during the forecast period.
The Asia Pacific Drug Delivery Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Drug Delivery Systems Market report:
The Asia Pacific Drug Delivery Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Drug Delivery Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Drug Delivery Systems Market value chain can benefit from the information contained in a comprehensive market report.