Gene Therapy is fastest growing segment fueling the growth of Drug and Gene Delivery Devices Market
The global Drug and Gene Delivery Devices Market is estimated to be valued at US$ 169.3 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Drug and gene delivery devices play a vital role in effective administration of pharmaceutical and biotech products. These devices help in safe and targeted delivery of drugs, proteins, vaccines and genes into the body through various routes of administration including oral, pulmonary, intravenous, intradermal and others. Market key trends: One of the key trends driving the growth of drug and gene delivery devices market size is the increasing adoption of advanced drug delivery systems. Advanced drug delivery systems help in overcoming challenges associated with conventional drug delivery methods such as short half-life, multiple dosing and side effects. These systems offer controlled, targeted and sustained drug release...