Market Trends of India Drug Delivery Devices Industry
This section covers the major market trends shaping the India Drug Delivery Devices Market according to our research experts:
By Route of Administration, Topical Drug Delivery Devices is Estimated to Witness a Healthy Growth in Future.
Topical drug delivery devices are estimated to witness healthy growth in the future attributed to several benefits associated with this type of route of administration such as ease of use, painless, noninvasive delivery, convenience, and superior spreadability. Moreover, segment growth also increases with the increasing prevalence of skin diseases and enhanced patient compliance.
For instance, according to the study titled 'Burden of Disease, Unmet Needs in the Diagnosis and Management of Atopic Dermatitis: An Indian Expert Consensus' published in November 2021, the prevalence of Atopic Dermatitis in India among 6-7-years old is 2.7% and among 13-14 years old is 3.6%. Furthermore, according to the study titled 'Clinical Descriptive Study of Psoriasis in India: Triggers, Morbidities and Coincidences' published in June 2021, 88.74% reported the course of the psoriasis disease as progressive. The prevalence and progressiveness of the skin disease will therefore be expected to increase the adoption of topical drug delivery systems, bolstering this segment's growth.
In addition, with the advent of novel drug delivery systems, topical drug delivery systems have gained pace, in recent times. topical drug delivery systems have been enhanced by the development of advanced time-controlled drug delivery systems, with the help of modern mathematical models, sophisticated instrumentation, and computational power, to revolutionize the entire formulation process. Thus these types of delivery systems are widely adopted in India.
Moreover, according to the study titled ''Recent advancements in transdermal patches: Literature review" published in April 2022, the new and dependable transdermal route of medication administration allows for prolonged drug delivery, and the number of transdermal devices entering the market is anticipated to rise significantly as more research is conducted in this area and researchers' interest in this method of medication delivery grows. Such studies shows the importance of topical drug delivery devices, thereby expected to drive this segment growth further.
Hence, the aforementioned factors are expected to propel the segment's overall growth over the forecast period.
