Asia a 'New Frontier' for pharma sector growth in advanced drug delivery market
Many key players in the advanced drug delivery industry are focusing on emerging markets (especially in Asia) to launch new products and increase their penetration. BCC Research reveals in its new report that the market in Asia-Pacific region should record the highest growth rate among major regions.
Drug delivery refers to technologies, formulations/systems (based on drug vehicles/carriers) and approaches (route of administration) used to deliver drugs for various applications/therapeutic use. Advanced drug delivery technologies refer to the technologies used for controlling the rate of drug release. The report focuses on modified drug delivery technologies such as extended release (controlled and sustained release), controlled release, targeted release, delayed release and pulsatile release.
Market set to grow to $227 billion in 2020
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