Submitted by: Submitted by Ethansmith
Views: 10
Words: 493
Pages: 2
Category: Business and Industry
Date Submitted: 01/19/2016 03:58 AM
Drug delivery system is the process of administering therapeutic substance through common route of administration to achieve a therapeutic effect in humans or animals. Drugs release the active ingredients in the target area so that in the period of time it controls though its formulation. The most important driving factor for drug delivery technology market is the increasing demand for effective delivery mechanisms of novel biopharmaceuticals.
Recently, AstraZeneca signed a licensing agreement with Starpharma for the use of its DEP drug delivery technology aiming to enhancing the dosing and efficacy characteristics of pharmaceuticals. AstraZeneca agreed to fund all development and commercialization costs, including ongoing and future collaborative work conducted with Starpharma.
Drug Delivery Technology Market: Drivers & Restraints
Growing incidence of chronic diseases such as cardiovascular diseases, diabetes, and cancer, technological advancement, innovation, the growing focus on pediatric and geriatric patients, change in lifestyle due to growing urbanization, the increasing demand for minimally invasive surgeries, are the most important driving factors in drug delivery technology market. Since growth of biopharmaceutical market is fast, the demand for drug delivery technology market has increased.
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With so many advantages and splendid features of drug delivery technology, it has few disadvantages too. Side-effects related to drugs, patents expiry and regulatory hurdles are acting as key barrier for drug delivery technology.
Drug Delivery Technology Market: Segmentation
Drug delivery technology market is broadly classified on the basis of the following segments –
By Route of Administration :
Oral Route
Parenteral Route
Transdermal Route
Inhalation Route
Nasal Drug Delivery...