Market Trends of Europe Novel Drug Delivery System (NDDS) Industry
This section covers the major market trends shaping the Europe Novel Drug Delivery Systems Market according to our research experts:
Targeted Drug Delivery Systems Segment under Mode of NDDS is Expected to hold the Largest Market Share during the Forecast Period
In the targeted drug delivery system, the drug, which is released at the site of action, then gets attached to the diseased tissue. One of the prime benefits of this mode of drug delivery is controlled and protected action, as the slow, prolonged action of the drug on the diseased tissue for an adequate period of treatment time is expected to provide potential benefits. Targeted drug delivery can be used to treat many diseases, such as the cardiovascular diseases and diabetes. However, the most important application of targeted drug delivery is to treat cancerous tumors. Moreover, Cancer Research UK 2018 report suggests that the population suffering from cancer is expected to increase in the future. As per the report, if recent trends in incidence of major cancers and population growth are consistent, it is predicted there will be 27.5 million new cancer cases worldwide each year by 2040, as compared to 17 million in 2018. In European regions like the UK also expect an increase in incident cases of cancer, as per Cancer Research UK's 2019 report.
These benefits of targeted drug delivery, coupled with the increasing need for technological advancements and a rising need for higher efficacy, owing to the increasing burden of chronic diseases, are propelling the growth of the segment.
