HYDROGEL-BASED DRUG DELIVERY SYSTEM MARKET ANALYSIS
Key Takeaways from Analyst
Rising prevalence of chronic diseases along with the growing geriatric population are the major drivers propelling the demand for hydrogel systems.
Stringent regulatory guidelines for the approval of novel drug delivery technologies may slightly hamper the market growth. Developing robust clinical data to prove safety and efficacy can be a lengthy and expensive process.
North America currently dominates the market owing to growing U.S. Food and Drug Administration approvals and presence of major players. Asia Pacific is anticipated to witness the fastest growth on account of rising healthcare spending and improving access to advanced treatment options in countries like China and India.
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