Novel Drug Delivery Mechanisms Offer Significant Potential for the European Pharmaceutical Industry
2008-07-24 02:10:00
Novel Drug Delivery Mechanisms Offer Significant Potential for the European Pharmaceutical Industry
LONDON–(EMWNews)–The demand for novel drug delivery systems is rising and pharmaceutical
companies have been involved in developing innovative new methods.
Impending patent expirations will stimulate a surge in novel drug
delivery methods for existing products, while sophisticated
reformulation will generate substantial revenues in the European
pharmaceutical market.
New analysis from Frost & Sullivan (http://www.pharma.frost.com),
European Drug Delivery Market-Opportunity Analysis, finds that
the European pulmonary drug delivery market earned revenues of USD 7.00
billion in 2007 and estimates this to reach USD 12.94 billion in 2014.
The analysis also finds that the European transdermal drug delivery
market earned revenues of USD 4.04 billion in 2007 and estimates this to
reach USD 7.87 billion in 2014.
“Drug delivery is a fast growing and highly
dynamic segment of the pharmaceutical and biotechnology industry,”
notes Frost & Sullivan Industry Analyst Sylvia Miriyam
Findlay. “Various factors have contributed to
the growth of this area, including the poor efficacies of certain drugs,
patent expirations and the urgent need for life cycle management facing
drugs nearing patent expiry.”
However, pharmaceutical companies are looking to enhance the safety
record of their products by introducing novel drug delivery
technologies. This will also boost their competitive edge and enable
them to maximise revenue generation.
The foremost challenge presented by the pulmonary route of drug delivery
is the inability to deliver drugs directly to the alveoli. In addition,
large molecules do not permeate the skin barrier and hence, fail to be
delivered by the transdermal method. Ineffective drug delivery presents
a significant technological challenge to market expansion.
“Market participants should focus on
developing novel technologies that support the passage of large peptides,”
notes Findlay. “This will be critical to
sustaining market growth, as the pharmaceutical/biotechnology industry
is moving towards monoclonal antibody (Mab) therapeutics. Mabs, which
are large peptides, are already being used in various therapeutic
applications.”
If you are interested in a virtual brochure, which provides
manufacturers, end users and other industry participants with an
overview of the European drug delivery market-opportunity analysis, then
send an e-mail to Patrick Cairns, Corporate Communications, at pcairns_[email protected],
with your full name, company name, title, telephone number, company
e-mail address, company website, city, state and country. Upon receipt
of the above information, an overview will be sent to you by e-mail.
European Drug Delivery Market-Opportunity Analysis is part of the Pharmaceutical
and Clinical Diagnostics Growth Partnership Service Programme, which
also includes research in the following markets: European Fibromyalgia
Market and European Growth Hormone Market. All research included in
subscriptions provide detailed market opportunities and industry trends
that have been evaluated following extensive interviews with market
participants. Interviews with the press are available.
Frost & Sullivan, the Growth Partnership Company, partners
with clients to accelerate their growth. The company’s TEAM Research,
Growth Consulting and Growth Team Membership™
empower clients to create a growth-focused culture that generates,
evaluates and implements effective growth strategies. Frost & Sullivan
employs over 45 years of experience in partnering with Global 1000
companies, emerging businesses and the investment community from more
than 30 offices on six continents. For more information about Frost &
Sullivan’s Growth Partnerships, visit http://www.frost.com.
European Drug Delivery Market –
Opportunity Analysis
M214
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