UAE’s drug delivery devices market is currently estimated to be worth USD 1.339 billion for the year 2014 and is expected to reach USD 3.690 billion by the end of 2020. The CAGR during this period of the forecast is 22.48%.
Currently, North America dominates the global market owing to the fact that there is greater awareness and increase per capita income. The Middle East & Africa region is expected to show good growth in the future, primarily due to increased awareness among the population and large patient population with chronic diseases.
This escalation is developing the need to analyze, review and forecast the growth of the drug delivery devices market. Owing to the rapid evolution of the market in the use of injectable drug delivery technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.
UAE Drug Delivery Devices Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are listed below.
Some of the factors driving the growth of the market are:
Increased prevalence of chronic diseases
Increase in individual therapy
Increased understanding about drug metabolism among the population
Requirement of controlled drug release
Injuries and infections fear while usage, the high cost of development, and strict regulatory framework are the major challenges faced by the drug delivery market.
The report studies in detail the markets for different drug delivery devices, which include the injectable, transdermal, ocular, implantable, oral, nasal, topic and pulmonary drug delivery devices. Injectable drug delivery systems currently dominate the global market.
What the Report Offers
Market analysis for UAE’s drug delivery devices market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share for the next five years.
Identification and analysis of the macro and micro factors that affect the market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
The various applications of drug delivery devices have been discussed in detail, in addition to a comprehensive overview of the market.
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