The global Microneedle Drug Delivery System market size was valued at USD 1.83 billion in 2020 and is expected to grow at a CAGR of 21.9% from 2023 to 2031.
Global Microneedle Drug Delivery System Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
Microneedle Drug Delivery System (MNDDS) is a minimally invasive and innovative technology that utilizes tiny needles to deliver drugs and medications to the body. These needles are typically less than 1 millimeter in length and are designed to penetrate the outermost layer of the skin, known as the stratum corneum, without causing pain or damage to the surrounding tissue. The needles can be solid or hollow, and can be made from a variety of materials, including silicon, metals, and polymers.
The main driver of the Microneedle Drug Delivery System market is the growing demand for painless drug delivery methods. Traditional methods of drug administration, such as oral and injectable methods, can be painful, inconvenient, and often result in low patient compliance. MNDDS offers a pain-free alternative that is less invasive and more patient-friendly. In addition, MNDDS provides a targeted delivery of drugs that allows for a more efficient and effective treatment of various medical conditions.
Another factor driving the MNDDS market is the increasing prevalence of chronic diseases, such as diabetes, cancer, and cardiovascular diseases. These diseases require long-term treatment and often require frequent drug administration. MNDDS can provide a solution to this problem by offering a painless and convenient method of drug delivery.
The MNDDS market is segmented by type, application, and end-user. Based on type, the market is segmented into solid MNDDS, hollow MNDDS, and dissolving MNDDS.
Global Microneedle Drug Delivery System Market Research Report, 2020-2031.
Table of Contents
Global Microneedle Drug Delivery System Market Research Report, 2020-2031.
On Request
Our reports with in-depth insights will equip you to succeed in your business plans.
Get instant access to the information you need to make the right decision.
Explore where opportunities lie for you and mitigate the risks.
We are one of the most trusted brands setting benchmarks of excellence.