NDDS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

Novel Drug Delivery System (NDDS) Market Analysis:

The New Drug Delivery Systems (NDDS) market is expected to reach a CAGR of 5.97% during the forecast period (2022-2027). The emergence of the COVID-19 pandemic has had a huge impact on the market for new drug delivery systems as it has resulted in significant investments in research to develop effective therapies against COVID-19, such as a vaccine. For example, in May 2020, AstraZeneca received over $1 billion in funding from the US Department of Health's Biomedical Advanced Research and Development Authority (BARDA) to develop, manufacture, and deliver COVID-19 vaccine from the University of Oxford. In addition, many studies cover different new delivery systems and the positive results of these studies can have a positive impact on the market studied. For example, according to a study published in November 2021, titled "Nano particles as an effective drug delivery system in COVID-19," nanoparticles could be very useful in the delivery process. medicine to treat Covid-19, as many studies have shown that people taking drugs using nanoparticles have very few side effects. Therefore, a lasting impact of COVID-19 is expected on the New Drug Delivery Systems (NDSS) market. 

The growth of the global new drug delivery market is mainly driven by the increasing demand for controlled drug delivery system due to the increasing burden of chronic diseases such as diabetes, heart disease. cardiovascular disease, kidney disease, asthma, cancer and other diseases, as well as increasing awareness For these diseases, there is a growing need for advanced and effective treatments, which will promote companies develop new drug delivery systems. For example, according to a study published in May 2020, entitled "Global and regional prevalence, load and risk factors for carotid atherosclerosis: a systematic review". , meta-analysis and model studies", worldwide, by 2020, 28% of people aged 30 to 79 years have an abnormal carotid intima-media thickness of 1 mm or more and approx. 21% of people in this age group have carotid plaque and 5% have carotid stenosis, which equates to approximately 816 million people with carotid plaque and 58 million with carotid stenosis. 

These data indicate a significant burden of cardiovascular disease worldwide. Similarly, the Globocan 2020 report predicts that the global cancer burden will increase from 19.3 million in 2020 to 28.9 million in 2040. Therefore, the high and growing burden of chronic diseases is expected to pave the way for the development of new drug delivery systems with new investments and advancements in this area, and thus then, the studied market is expected to grow during the forecast period.

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