According to Stratistics MRC, the Global COVID-19 Drug Delivery Devices Market is accounted for $2.07 billion in 2019 and is expected to reach $4.47 billion by 2027 growing at a CAGR of 10.1% during the forecast period. Competitive race among the healthcare companies and drastic surge in drug development due to the COVID-19 outbreak are the major factors driving the market growth. However, high manufacturing cost of COVID-19 drug delivery devices is restraining the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period. North America has a well-established healthcare infrastructure and a large number of key pharmaceutical companies. It is a developed economy with high disposable income, which enables people to choose from various advanced treatment options. In the U.S., a collaborative framework was established by an initiative named Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV).
Some of the key players profiled in the COVID-19 Drug Delivery Devices Market include AstraZeneca, Bharat Biotech, GlaxoSmithKline Plc, Johnson & Johnson, Moderna, Novawax Inc, Pfizer, PharmaJet and Serum Institute of India.
Route of Administrations Covered:
• Dermal
• Nasal
• Parenteral
Distribution Channels Covered:
• Retail Pharmacies
• Online Pharmacies
• Hospital Pharmacies
Products Covered:
• Inhalers
• Needle Free Injectors
• Patches
• Prefilled Syringe
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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