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Global Advanced Dermatology Drug Delivery Devices Market

Focus on Product Type, Volume Sold, Analysis and Forecast 2021-2030

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The global advanced dermatology drug delivery devices market was valued at $3,348.9 million in 2020 and is expected to grow at a CAGR of 10.52% during the forecast period from 2021 to 2030.

The top market players are AptarGroup, Inc., Becton, Dickinson and Company, Bespak, Credence MedSystems, Inc., E3D Elcam Drug Delivery Devices, Kindeva Drug Delivery L.P., Latch Medical, LTS Lohmann Therapie-Systeme AG, Medicsensors S.L, Midas Pharma GmbH, Nemera, Owen Mumford, Portal Instruments, Inc., and Vaxxas Inc. among others.

Factors driving the growth of the market incorporate global preference for connected devices, increasing number of business synergies with pharmaceutical companies, novel technologies in drug delivery, and growing focus on prescription adherence.

The main challenges restricting the growth of the market are stringent regulations and concerns around data privacy, and lack of awareness of advanced dermatology drug delivery devices among a large section of the population in emerging countries.

The potential opportunities that are likely to boost the growth of the market include developing of a customized apps marketplace for pharma companies, leveraging synergies to expand into emerging markets, and developing low-cost devices to improve sales in price-sensitive markets.

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