The global new drug delivery systems (NDDS) market is anticipated to grow at a CAGR of 21.6% during the forecast period (2024-2031). Nanomedicine plays a significant role in various areas of healthcare, including cancer treatment, diabetes management, pain management, neurological disorders, respiratory disorders, cardiovascular diseases, and infectious diseases. It offers targeted drug delivery, reduces systemic toxicity, and enhances the effectiveness of medications through the use of different drug delivery systems such as liposomal formulations, polymer-based nanoparticles, transdermal patches, inhalable formulations, and implantable devices.
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These advancements in nanotechnology aim to improve patient outcomes and minimize adverse effects associated with traditional treatments. The market’s growth is attributed to the increasing demand for chronic diseases. The growth in chronic diseases needs improved drug delivery systems. NDDS has the potential to improve disease management by providing controlled and sustained drug release, that aligns with the demands of patients that require long-term medication therapy. For instance, in March 2022, Gufic Biosciences has launched indigenous New Drug Delivery System (NDDS) named Dual Chamber Bags (DCB).The most essential component of these Dual Chamber Bags is their ability to prevent contamination while additionally protecting the drug’s potency and efficiency. The DCB closed system ensures that the product is appropriate and minimizes the possibility of contamination during handling.
Global New Drug Delivery Systems (NDDS) Market Report Segment
By Route of Administration
- Oral Drug Delivery Systems (DDS)
- Injectable Drug Delivery Systems (DDS)
- Pulmonary Drug Delivery Systems (DDS)
- Transdermal Drug Delivery Systems (DDS)
- Others (Nasal Drug Delivery Systems (DDS), and Implantable Drug Delivery Systems (DDS))
By Mode of NDDS
- Targeted Drug Delivery Systems
- Controlled Drug Delivery Systems
- Modulated Drug Delivery Systems
- Others (Biologics-Based Drug Delivery Systems, and Nanotechnology-Based Drug Delivery Systems)
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Company Profiles
- Bayer AG
- Boston Scientific Corp.
- Bristol Myers Squibb (BMS)
- Celgene Corp.
- At F. Hoffmann-La Roche Ltd.
- GlaxoSmithKline PLC
- Johnson & Johnson Services, Inc.
- Merck KGaA,
- Novartis International AG
- Pfizer Inc.
- Assertio Holdings, Inc.
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