Global revenue for advanced drug delivery systems to reach $175.6 billion in 2016

FOR IMMEDIATE RELEASE
Wellesley, Massachusetts, United States of America (Free-Press-Release.com) January 11, 2012 -- Wellesley, Mass. – In a recent release, Advanced Drug Delivery Systems: Technologies and Global Markets (PHM006H) from BCC Research , the global market for advanced drug delivery systems is estimated to reach nearly $137.9 billion in 2011 and $175.6 billion by 2016 at a compound annual growth rate (CAGR) of 5%.

The global market for advanced drug delivery systems can be broken down into three regions – the U.S., Europe, and the rest of the world.

The U.S. region accounted for $81.6 billion in 2011 and in 2016 should be worth $102.6 billion, a CAGR of 4.7%. The European region, worth nearly $37.5 billion in 2011, should be worth $49.1 billion in 2016, a CAGR of 5.6%. The rest of the world accounted for nearly $18.8 billion in 2011 and in 2016 should be worth nearly $23.8 billion, a CAGR of 4.8%.

Healthcare costs are causing a need for alternative drug delivery technologies. The drug delivery industry has emerged from the shadow of the pharmaceutical industry and has become an influential factor for pharmaceutical market growth. Drug delivery technologies are considered significant drivers of the global pharmaceutical and bio-pharmaceutical industry. Because pharmaceutical and bio-pharmaceutical companies have recognized the strategic advantage of drug delivery technologies, they are applying these advantages to their existing products to protect them from market erosion by generic versions.

The drug delivery market is a well-established and important sector of the pharmaceutical industry. The market is evolving at a rapid rate with continuous research efforts in which numerous drug delivery systems are being developed to improve many of the pharmacological properties of existing conventional drugs.

This study contributes to the areas of market growth in drug delivery systems from the point of view of manufacturers and the users, and, as such, this report will be of interest largely to the pharmaceutical and bio-pharmaceutical industries, as well as clinics, hospitals, and research institutes.

About BCC Research:
BCC Research (http://www.bccresearch.com) is a leading information resource producing high-quality market research reports, newsletters, and conferences. Its market research reports explore major economic, scientific, and technological developments in industrial, pharmaceutical, and high technology organizations.

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