The growth of the global gene delivery technologies market is likely to be driven by growing attempts to formulate dosage forms that will help to maximize the bioavailability of the medicine at the target site whilst enhancing comfort of the patient. The advent of new drug delivery devices, such as subdermal implants, which come in a variety of shapes and sizes, such as patches and rings, is expected to help the market expand. The rising frequency and high prevalence of chronic diseases, as well as the growing technical innovation in drug distribution, are important factors contributing to the market’s growth.
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High Prevalence of Several Chronic Conditions to Drive Market Growth
The increasing frequency and high prevalence of chronic conditions are important factors for the growth of the global gene delivery technologies market. In addition, growing research and development in the genomics industry world-wide and the increasing technical progress in drug distribution is estimated to work in favour of the market. More deaths are caused by chronic illnesses in developed countries. In several developed countries, such as the US, coronary disorders, infectious diseases, diabetes, and cancer are the leading chronic diseases. Six out of ten people in the US are affected by chronic illness according to the CDC (Centers for Disease Control and Prevention). Such high prevalence of chronic diseases is anticipated to foster growth of the global gene delivery technologies market in the years to come.
Biopharmaceutical firms spend heavily on the research and development activities of these drugs because of the potential and security offered by biotech agents. These biological drugs are rapidly replacing their conventional versions, and since most of them are susceptible to degradation when taken orally, injectable drug delivery is usually the preferred method. In addition, the developments in injecting devices that allow patients to comfortably inject themselves are some of the factors that are likely to work in favour of the market in the years to come.
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