By Route of Administration (Oral Drug Delivery Systems, Injectable Drug Delivery Systems, Pulmonary Drug Delivery Systems, Transdermal Drug Delivery Systems, and Other Routes of Administration), By Mode of NDDS (Targeted Drug Delivery Systems, Controlled Drug Delivery Systems, and Modulated Drug Delivery Systems), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
Introduction:
The novel drug delivery system is the controlled release of the drugs which is selective targeting of drugs to the site of action. Novel drug delivery system is the try to make ideal drugs. NDDS transport the drugs intact to the site of action avoiding the non-diseased tissue. NDDS is stable and delivery can be maintained under the various physiological variables.
Drivers and Restraints:
The requirement of controlled release of drugs because most of the drugs have an optimum range of concentration in the body which is the major driving factor for the growth of the global market. Additionally, technological advancements promoting the development of novel drugs delivery systems which is another propelling factor for the growth of the target market. For instance, in October 2017, the team of researchers at the IISC (Indian Institute of Science), India, designed a novel chemical compound which can be tailored to release aspirin inside the body, during the desired duration. However, stringent the government regulatory guidelines associate with developing novel drug delivery systems which is the major restraining factor for the growth of the target market. Nevertheless, the advancement in the drug delivery systems and increasing investment in the R&D for development of NDDS can create an opportunity for the global market.
Segmentation:
The global novel drug delivery systems market is segmented based on the product, mechanism, route of administration, mode of NDDS, and region.
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