Injectable Drug Delivery Market To Reach USD 1,714.8 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]
Becton, Dickinson and Company (BDX)
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Source: Yahoo! Finance
Fort Collins, Colorado, April 23, 2024 (GLOBE NEWSWIRE) -- Growing incidences of chronic diseases are expected to boost market growth. The rising incidence of chronic diseases like cancer, diabetes, and autoimmune disorders has spurred a growing demand for injectable drug delivery systems. According to the World Health Organization, these chronic illnesses contribute to almost 70% of global deaths. Moreover, the expanding utilization of biologic drugs, frequently administered via injections, has propelled the requirement for sophisticated injectable delivery technologies. The Pharmaceutical Research and Manufacturers of America (PhRMA) study reveals that biologics constituted approximately 40% of the total pharmaceutical pipeline in 2021. Innovations in drug delivery technologies, including prefilled syringes, autoinjectors, and needle-free injectors, have played a significant role in driving the growth of the injectable drug delivery market. These advancements have enhanced pa
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