Market Trends of Italy Drug Delivery Devices Industry
This section covers the major market trends shaping the Italy Drug Delivery Devices Market according to our research experts:
Injectable Under Route of Administration is Estimated to Witness Healthy Growth Over the Forecast Period
An injection is an act of administering a liquid, especially a drug, into a person's body using a needle and a syringe. The primary purpose of injectable drug delivery is to get an immediate onset of action of the drug and for direct administration of the drug to the systemic circulation. The primary factor attributed to the high growth of the injectable drug delivery device segment is the growing burden of chronic disease and the convenience associated with the device.
The new developments in the region's prevention and treatment of chronic diseases drive the market over the forecast period. For instance, as per the ANSA Corporate, in August 2022, an Italian research team created a cancer vaccine that can stimulate immune responses against tumors and improve the efficiency of immunotherapy medications. The vaccine uses a virus as a trojan horse. Thus, the new vaccine developments need injectable drug delivery devices to administer and are expected to positively impact the market over the forecast period.
Similarly, advanced drug delivery devices among the injectable segment and the collaborations of major players are expected to impact the market over the forecast period positively. For instance, in April 2022, Italian-based Stevanato Group SpA and Bexson Biomedical Inc. signed an agreement expanding their collaboration that would grant Bexson access to the use of Stevanato's wearable delivery system a customized version of the SG EZ-be Pod. SG EZ-be Pod is a small, wearable subcutaneous drug delivery device that can be programmed for a wide range of medications and delivery profiles, including at-home delivery.
Thus, due to the aforementioned factors, the administration segment's injectable route is expected to grow significantly over the forecast period.
Infectious Diseases Under Application is Estimated to Witness Highest CAGR Over the Forecast Period
Infectious diseases are disorders caused by organisms such as bacteria, viruses, fungi, or parasites. The increasing burden of infectious diseases like HIV, shingles, tuberculosis, and others in Italy increases the demand for treatment using various drug-delivery devices and drives the market over the study period.
For instance, as per the report published by Beyond Rheumatology in July 2022, the yearly incidence of shingles (Herpes Zoster) in those under 50 years old in Italy is 6.46 cases per 1,000 person-years. Herpes Zoster incidence rises with age. Also, given that varicella-zoster virus infection puts 90% of adults at risk for getting shingles, the disease affects at least 1 in 3 people throughout their lifetimes. Hence with the increasing burden of infections, preventive measures should be taken through vaccinations using various injectable drug delivery devices that may drive the segment growth over the study period.
Furthermore, as per the report published by Human Vaccines & Immunotherapeutics in September 2021, the recombinant zoster vaccine is preferable over the zoster live vaccine for the prevention of herpes zoster (HZ) and associated problems. Moreover, as reported in the Ministerial Circular dated March 2021, a new recombinant adjuvanted -RZV vaccine against HZ is available in Italy through the public channel. Hence novel and advanced preventive options for infectious diseases using vaccination increase the usage of injectable drug delivery devices, which is expected to boost the segment growth over the forecast period in the country.
