North America Human Drug Delivery Systems Market Historical Analysis, Trends, Business Revenue Forecast and Statistics, Growth Prospective, Forecasts

 The North America Human Drug Delivery Systems Market is expected to reach US$ 1,074,679.7 Mn in 2027 from US$ 572,453.0 Mn in 2018. The market is estimated to grow with a CAGR of 7.4% from 2019-2027.

 

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The growth of the drug delivery systems market is driven by key factors such as the increasing demand for medication among the population, extensive research and development (R&D) efforts by market players to maintain their leadership, and the well-established pharmaceutical and medical device industries in the region.

In recent decades, R&D in drug delivery devices has expanded globally, primarily due to the rising prevalence of chronic diseases. Drug delivery refers to the method of administering pharmaceutical compounds to achieve a therapeutic effect in humans. Various administration routes are being explored to address these chronic conditions. According to the Centers for Disease Control and Prevention (CDC), in 2019, nearly 6 in 10 people in the U.S. had at least one chronic disease, and 4 in 10 people suffered from two or more chronic conditions. Additionally, cancer is one of the leading causes of death in North America. The American Cancer Society (ACS) estimated that in 2018, approximately 1.7 million new cancer cases were diagnosed in the U.S.

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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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