Pharma Products With Delivery Technologies Outperform Others
New York, NY--(Marketwire) - The worldwide market for oral drugs using drug delivery technologies has experienced tremendous growth over the last few years according to "Drug Delivery Markets: Oral Delivery," a new report from Kalorama Information, a leading publisher in the life sciences research market, a trajectory that is projected to gain momentum through 2013 as other pharmaceutical product areas are challenged.
In 2008, the oral drug delivery market reached revenues at the manufacturer's level of $43 billion for both major technologies in oral delivery and the products that use these delivery technologies. Kalorama forecasts the market will reach $71 billion by 2013, with a compound annual growth rate (CAGR) of almost 11% for the five-year period beginning in 2009.
Over the next few years, Kalorama projects consolidation will increasingly impact the market as funding from big companies leads to better products and more research and development. Large pharmaceutical companies are expected to continue acquiring drug delivery companies to expand their presence, deepen product lines, and create potential extensions for existing products; while larger drug delivery companies will continue to acquire smaller start-up companies to broaden their drug delivery platforms.
"Those products with enhanced delivery technologies have a better chance of meeting economic and patent challenges near-term," says Bruce Carlson, publisher of Kalorama Information. "That's why we will see drug delivery companies become more involved earlier in the research and development process. Higher-quality products with exceptional drug delivery methods will encourage patient compliance and innovative discoveries."
Additional market drivers include growth in the elderly population, patent issues among large pharmaceutical companies, differentiation of existing and future products by drug delivery mechanism, population growth, and new developments in drug delivery that are both fueling growth in the pharmaceutical market and providing opportunities to extend product lifecycles.
"Drug Delivery Markets: Oral Delivery" provides the definitive breakdown of the global oral drug delivery market. The report covers both the major technologies in oral delivery (controlled-release, delayed release, pulsatile-release, taste-masked and microemulsion formulations) and the products that use these delivery technologies. Included are market size and growth through 2013, in addition to information critical to assessing the opportunities available in the market. For further information visit: http://www.kaloramainformation.com/redirect.asp?progid=70728&productid=2290102.
About Kalorama Information
Kalorama Information supplies the latest in independent market research in the life sciences, as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter: www.twitter.com/KaloramaInfo
SOURCE: Kalorama Information