Efficient delivery of drug molecules compared to conventional drug delivery systems is one of the major factors that is contributing to the growth of microneedle drug delivery systems market. Microneedle drug delivery systems have an advantage to efficiently deliver small as well as large drug molecules into the systemic circulation without facing the barrier and this enhanced transdermal delivery of the drug helps to overcome various problems associated with the conventional formulations. On the other side, several challenges associated with microneedle drug delivery systems may hinder the growth of the market. However, growing demand from healthcare sector and varied drug delivery applications is expected to provide better growth opportunities to the market over the forecast period.
There are different types of microneedle drug delivery systems available, namely, solid microneedles, coated microneedles, hollow microneedles, and dissolving microneedles. Different needle system has different mode of action, this gives advantage to healthcare professionals to choose from different microneedle drug delivery systems depending upon the treatment required. Major end user applications of microneedle drug delivery systems are hospitals, specialty clinics, research institutes, etc. With the different delivery mode, these systems can be used for oligonucleotide delivery, vaccine therapy, peptide delivery, lidocaine delivery, pain therapy, hormone delivery, and cancer therapy in hospitals and specialty clinics.
The microneedle drug delivery systems market is highly competitive, with many products already in the market. key players are focusing on advanced technologies to stay ahead in the market. Furthermore, considering high scope in the market, many market players are focusing on mergers and acquisitions to increase the product expansions in the untouched regions. Some of the key players in the market include Vetter Pharma International GmbH, Micropoint Technologies Pte Ltd, nanoBioSciences LLC, 3M, NanoPass, Microdermics Inc, Zosano Pharma Corporation, BuBclean, MyLife Technologies, and Innoture Medical Technology Limited, etc.
Trends and Future Outlook:
- Transdermal drug delivery facilitates as a promising carrier for the transport of drugs. (High Demand)
- The advancement of microneedle has gained tremendous attention among researchers owing to its various biomedical advantages. (Varied Applications)
- Growing research on new materials used in microneedles. (Continuing Research)