According to FutureWise analysis the market for advanced dermatology drug delivery devices in 2023 is US$ 5.13 billion, and is expected to reach US$ 10.9 billion by 2031 at a CAGR of 9.90%.
Dermatology drug delivery devices refer to innovative technologies and approaches to enhance the administration of medications and treatments for various dermatological conditions. These devices improve the effectiveness, safety, and patient adherence of dermatological therapies. Advanced drug delivery devices have emerged as cutting-edge solutions that enhance the efficacy of therapies and boost patient comfort and compliance. These innovative devices expand the opportunities for precise and targeted delivery of drugs, facilitating the treatment of dermatological conditions varying from common conditions like acne and eczema to more complex concerns such as skin cancer and chronic skin disorders. As technology continues to develop, the dermatology community is increasingly exploring and harnessing the potential of these devices to optimize the delivery of medications and unlock new possibilities in skincare and dermatological care.
Microneedles (MNs) are minimally invasive, micro-sized needle devices that are fabricated from a variety of materials, such as biomaterials, metals, polymers, ceramics, and composites, which are designed to penetrate the skin’s stratum corneum layer for various applications. There are different types of microneedles, including solid microneedles used for skin pretreatment to increase skin permeability, microneedles coated with a drug that dissolves off in the skin, polymer microneedles that encapsulate the drug and completely dissolve in the skin, and hollow microneedles for infusing drugs into the skin. Microneedles aim to deliver bioactive materials, vaccines, and pharmaceutical agents and to collect bio-signals and substances from the body with minimal invasiveness. The administration of drugs through the gastrointestinal passage has not been the most efficient due to the poor absorption of orally ingested drugs and the pharmacokinetic activities of the body, which leaves only a fraction of the drug to reach its intended therapeutic effect.
FutureWise Market Research has published a report that provides an insightful advanced dermatology drug delivery devices market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, advanced dermatology drug delivery devices market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.