TARGETED DRUG DELIVERY DEVICE MARKET
As per Roots Analysis, the global targeted drug delivery device market size is estimated to grow from USD 0.4 billion in 2026 to USD 2.1 billion by 2035, at a CAGR of 19.7% during the forecast period, till 2035.
The opportunity for targeted drug delivery device market has been distributed across the following segments:
Type of Device
Cannula
Catheter
Others
Type of Organ
Brain
Breast
Eyes
Heart
Type of Therapy Delivered
Cell Therapy
Gene Therapy
Immunotherapy
Route of Administration
Intratumoral
Transendocardial
Others
Therapeutic Area
Cardiovascular Disorders
Oncological Disorders
Ophthalmic Disorders
Neurological Disorders
Key Geographical Regions
North America
Europe
Asia-Pacific
Leading Players
TARGETED DRUG DELIVERY DEVICE MARKET: GROWTH AND TRENDS
Over the past couple of decades, the pharmaceutical industry has been shifting towards the use of biologics over traditional drugs. This trend is fueled by the advancements in cell biology and pharmacology that enable the development of therapies with higher efficacy and significant market potential. Currently, 1,000 cell and gene therapies are under development for the treatment of various disorders, including cardiovascular disorders, oncological disorders, and neurological disorders. Moreover, in the past decade, several immunotherapies have been developed for treating lung cancer and melanoma.
Despite their benefits, biologics present a number of challenges, such as drug delivery-related complexities and immunogenicity concerns, which have been shown to result in systemic toxicity following therapy administration. To avoid such systemic toxic effects, a limited volume of drug is often administered, which results in a small amount of drug reaching the target organ. Further, from a pharmacological point of view, biologics typically remain at the target site for a limited time, thereby decreasing the final therapeutic effect that can be achieved through prolonged and controlled drug delivery. Moreover, some treatment options, such as cell therapies, require periodic administration of additional therapy materials or complementary products, thereby adding to the already complex invasive dosing procedures.
To overcome these challenges, the pharmaceutical industry is focusing on the development of targeted drug delivery devices aimed at improving the therapeutic safety index and enhancing the delivery of therapies to the targeted site. Examples of such devices intended for the targeted delivery of biologics include Extroducer microcatheter, Helix biotherapeutic delivery system, ImmunoPulse IL-12 and SmartFlow neuro ventricular cannula. These drug delivery devices offer enhanced therapeutic effects and enable precise delivery of biologics to the target site.
Driven by the rapid growth of the biopharmaceutical market and the interest of industry stakeholders, the adoption of these targeted drug delivery devices is steadily increasing. Moreover, owing to technological advancements, the development of such devices is expected to increase, positioning the market for steady growth in the forthcoming years.
TARGETED DRUG DELIVERY DEVICE MARKET: KEY INSIGHTS
The report delves into the current state of the targeted drug delivery device market and identifies potential growth opportunities within the industry. Some key findings from the report include:
Presently, around 40 developers are engaged in the development of targeted drug delivery devices for various disorders; of these, more than 50% of players are headquartered in the US alone.
Over 30% of the devices are focused on delivering biologics directly to the brain, followed by the devices targeting the heart.
A sizeable proportion of trials, focused on the evaluation of stem cell and gene therapies that can be administered in combination with targeted drug delivery devices, are actively recruiting patients.
15 stem cell therapies and 8 gene therapies emerged as the most likely drug candidates for delivery via targeted drug delivery devices; notably, 60% of these therapies are currently in phase II of clinical development.
The growing demand for personalized medicines has emerged as a key driving factor supporting the rapid evolution of the targeted drug delivery device market.
The targeted drug delivery device market is likely to grow at a CAGR of 19.7% till 2035; majority of the market share is likely to be occupied by North America, followed by Europe.
TARGETED DRUG DELIVERY DEVICE MARKET: KEY SEGMENTS
Catheter is the Fastest Growing Segment of the Targeted Drug Delivery Device Market
Based on the type of device, the global market for targeted drug delivery devices is segmented into cannulas, catheters and others. Currently, the majority share of the targeted drug delivery devices market is captured by the cannula segment. It is worth mentioning that the catheter segment is likely to grow at a higher CAGR in the coming years. This can be attributed to the ability of catheters to deliver drugs for extended periods, providing consistent treatment to patients with chronic disorders.
Targeted Drug Delivery Devices for Brain is Likely to Grow at a Relatively Faster Pace During the Forecast Period
Based on the type of organ, the global market value is segmented across brain, breast, eyes and heart. Whilst the devices focused on delivering biologics directly to the breast will be the primary driver of the overall market, it is worth highlighting that the market for devices delivering biologics to the brain is likely to grow at a relatively higher CAGR.
Intratumoral Segment is Likely to Hold the Largest Share of the Targeted Drug Delivery Device Market During the Forecast Period
Based on the route of administration, the global market is segmented into intratumoral, transendocardial and others. Currently, the intratumoral segment is likely to dominate and drive the overall market growth due to its ability to reduce the side effects of systemic circulation and restrict the exposure of highly toxic drugs to healthy tissues.
By Type Of Therapy Delivered, Immunotherapy Segment is Likely to Dominate the Market During the Forecast Period
Based on the type of therapy delivered, the global market for targeted drug delivery devices is distributed across cell therapy, gene therapy and immunotherapy. Currently, the immunotherapy market segment holds the largest market share due to the remarkable success of these therapies in targeting specific cells. However, the targeted drug delivery device market for gene therapy is expected to grow at a higher CAGR in the coming years.
Targeted Drug Delivery Devices Designed for Oncological Disorders are Likely to Dominate the Targeted Drug Delivery Device Market During the Forecast Period
Based on therapeutic area, the global targeted drug delivery device market is distributed across cardiovascular disorders, neurological disorders, oncological disorders and ophthalmic disorders. Whilst the targeted drug delivery devices designed for oncological disorders hold the majority of market share, it is worth noting that targeted drug delivery devices targeting cardiovascular disorders is likely to grow at a relatively higher CAGR during the forecast period.
North America Accounts for the Largest Share of the Market
Based on key geographical regions, the market is segmented into North America, Europe and Asia-Pacific. In the current scenario, North America is likely to capture the largest market share owing to the increasing prevalence of chronic diseases and advanced healthcare infrastructure in this region. However, the targeted drug delivery devices market in Europe is expected to grow at a higher CAGR during the forecast period.
Example Players in the Targeted Drug Delivery Devices Market
Alcyone Lifesciences
Algorae Pharmaceuticals
BioCradia
ClearPoint Neuro
Gloriana Therapeutics
Mercator MedSystems
Neurotech Pharmaceuticals
Novartis
OncoSec
PharmaCyte Biotech
PulseSight Therapeutics
Renishaw
Silexion Therapeutics
SmartCella
Primary Research Overview
The opinions and insights presented in this study were influenced by discussions conducted with multiple stakeholders. The research report features detailed transcripts of interviews held with the following industry stakeholders:
Founder and Chief Executive Officer, Small Company, US
Junior Business Developer, Small Company, France
Assistant Professor, Large Organization, US
Postdoctoral Associate, Large Organization, US
TARGETED DRUG DELIVERY DEVICES MARKET: RESEARCH COVERAGE
The report on targeted drug delivery devices features insights on various sections, including:
Market Sizing and Opportunity Analysis: An in-depth analysis of the targeted drug delivery devices market, focusing on key market segments, including [A] type of device, [B] target organ, [C] type of therapy delivered, [D] route of administration, [E] therapeutic area, [F] key geographical regions, and [G] leading players.
Market Impact Analysis: A thorough analysis of various factors, such as drivers, restraints, opportunities, and existing challenges that are likely to impact market growth.
Targeted Drug Delivery Device Providers Market Landscape: The report features an analysis of the players engaged in the development of targeted drug delivery devices, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters, [D] status of development, [E] type of device, [F] target organ, [G] type of therapy delivered, [H] route of administration and [I] target therapeutic area.
Company Profiles: Elaborate profiles of prominent players developing targeted drug delivery devices across various geographies, providing details on [A] company overview, [B] financial information (if available), [C] information on its device portfolio, [D] recent developments and [E] an informed future outlook.
Clinical Trial Analysis: A comprehensive assessment of clinical trials registered for evaluating the efficacy of targeted drug delivery devices, based on various relevant parameters, such as [A] trial registration year, [B] trial recruitment status, [C] trial phase, [D] study design, [E] type of sponsor / collaborator, [F] therapeutic area, [G] type of therapy delivered, [H] leading players and [I] geographical distribution of trials.
Likely Drug Candidates: An analysis of the drug candidates (stem cell and gene therapy) that are likely to be delivered by targeted drug delivery devices, based on several parameters, such as [A] phase of development and [B] therapeutic area.
Case Study: A detailed assessment of research activity in targeted drug delivery devices for promising therapeutic areas, namely neurological and cardiovascular disorders. Additionally, this section includes analysis of recent publications and grants awarded for these devices.
KEY QUESTIONS ANSWERED IN THIS REPORT
How many companies are currently engaged in this market?
Who are the leading companies in this market?
What factors are likely to influence the evolution of this market?
What is the current and future market size?
What is the CAGR of this market?
How is the current and future market opportunity likely to be distributed across key market segments?
What type of partnership models are commonly adopted by industry stakeholders?
What is the ongoing investment trend in this market?
What is the patent filing activity trend in the market?
REASONS TO BUY THIS REPORT
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