Drug Design and Development

Business Opportunities in Drug Delivery

It is seen that in 2010 there is a global market for business development of drug delivery technology having $131.6 billion and is expected to rise at 5% in its compound annual growth rate (CAGR) and reach nearly $175.6 billion by 2016. Total of 60% of the total drug delivery market in the year 2010 was constituted by US that means $78 billion.It is forecast to reach nearly $103 billion in 2016 at a compound annual growth rate of 4.7%. As Europe is contributed by 29% of the total drug delivery market in 2010 as it was $36 billion and is expected to increase by $50 billion by the year 2016 at compound annual growth rate of 5.6% for 2013 and Drug Delivery Global market was seen to be increased by $150.3 billion, according to BCC research. This was an increase from $142 billion the previous year. Thus, if the estimated annual growth is given, the market represents the considerable business opportunity, that    which can be seen in the ascending number of drug delivery specialists. Competitive costs and consistent quality of the product improves continuity of supply and production performance and Product and technology auditing and due diligence with decreasing Business oppurtunities, business development, quality control and regulatory issues.