DRUG DELIVERY TECHNOLOGIES MARKET ANALYSIS
Drug Delivery Technologies Market Drivers
Increasing prevalence of chronic diseases, growing demand for biologics, technological advancements, and new product launches are some of the factors driving the growth of the market. According to the National Center of Biotechnology Information (NCBI), in 2018, around 45%, or 133 million, Americans were affected by one of the chronic diseases.
However, risk factors such as needle stick injuries and side effects of drugs are restricting the market growth to a certain level. According to a 2014 estimate by the Occupational Safety and Health Administration (OSHA), 5.6 million workers in the healthcare industry are at a risk of needle sticks and sharps related injuries which expose the workers to blood borne pathogens.
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