Drug Delivery Devices Market - Japan Industry Analysis, Size, Share, Growth, Trends and Forecast The Japan drug delivery devices market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to decrease the chances of side effects by optimizing the drug presence at the target site. It helps in reducing the dose and associated side effects along with decreasing the product price by reducing the amount of active pharmaceutical ingredients.
Drug delivery devices are specialized tools helps to deliver drugs through various route of administration. These devices are used for treatments of various diseases. These devices can be implantable or conventional. Drug delivery devices have different features including specific therapeutic effect, high degree of safety, target specificity, dose optimization, and efficiency. Drug delivery devices control the location and rate of drug released in the body. The medications are taken in different ways such as by absorption, through the skin, by swallowing, by inhalation, and by intravenous injection. For this, drug delivery devices are used to deliver drugs in the specific device type. The drug delivery devices have changed drastically in past few decades and even greater changes are projected in the near future. Growing geriatric population in Japan and increasing adoption of biologics is expected to boost the market growth.
Market Trends, Drivers, Restraints, and Opportunities
Increasing prevalence of chronic diseases is anticipated to spur the market expansion during the forecast period. Rapid growth of healthcare sector is major factor driving the market growth.