Latin America Injectable Drug Delivery Market Research Report – Segmented By Device Type, Formulation, Therapeutic Use, End User, & Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029)

Updated On: June, 2024
ID: 2020
Pages: 145

Latin America Injectable Drug Delivery Market Size (2024 to 2029)

The size of the Latin America Injectable Drug Delivery Market was valued at USD 6649 million in 2024. It is further estimated to be growing at a CAGR of 11.32%, to reach USD 11366 million by 2029.

One of the major factors driving the injectable drug delivery market in the Latin American region is that healthcare infrastructure in Brazil, Mexico, and Argentina has vastly improved in recent years. These countries are also thought to have strong growth potential. These countries' vast populations are in desperate need of specialized medicine delivery technologies. This is a powerful incentive for government officials and local pharmaceutical businesses to work toward the widespread adoption of these systems.

The increased need for vaccinations, insulin, human growth hormone, and many other modern medicines used to treat cancer and other chronic conditions is another significant factor contributing to the market's growth. Furthermore, because biologics are mostly provided via injection, the injectable medication delivery and prefilled syringe markets are projected to experience significant growth in the future years. In addition, the growing demand for biosimilar and generic injectables, quick technological breakthroughs and new product releases, and strong growth in the biologics industry are expected to provide considerable growth possibilities.

However, there have been multiple products recalls in the injectable medicine delivery technology sector in recent years. Recalls can happen on their own or as a result of regulatory involvement. Injectables have also been recalled due to contamination from inorganic materials such as glass, silicone, stainless steel, and improper vial filling. During the development phase, usability issues must be discovered and solved. The presence of visible foreign matter during retention sample testing in injectables might have serious health repercussions, including permanent impairment of a body function, blood vessel injury, and obstruction. If a product is recalled, the process of collecting and replacing the defective goods can result in significant losses for a firm or manufacturer. These massive losses will influence the company's revenue and market share, which will have an impact on the broader market.

This research report on the Latin America Injectable Drug Delivery Market has been segmented and sub-segmented into the following categories.

Latin America Injectable Drug Delivery Market  Analysis By Device Type

  • Self-Injection Devices
  • Conventional Devices

Latin America Injectable Drug Delivery Market By Formulation

  • Conventional Drug Delivery
  • Novel Drug Delivery

Latin America Injectable Drug Delivery Market By Therapeutic Use

  • Autoimmune Disorders
  • Hormonal Disorders
  • Oncology

Latin America Injectable Drug Delivery Market By End User

  • Hospitals
  • Homecare Settings
  • Research Institutes
  • Clinical Laboratories

Latin America Injectable Drug Delivery Market By Country

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Due to the widespread acceptance of sophisticated injectable medicine delivery and the growing patient population, the Latin American market is expected to register a promising share in the global market during the forecast period.

In Latin America, the Brazilian market is predicted to dominate during the forecast period, whereas Mexico and Argentina are estimated to register healthy growth rates.

KEY MARKET PLAYERS

A few of the noteworthy companies operating in Latin America Injectable drug delivery market profiled in the report is Antares Pharmaceuticals Ltd, Baxter International, Becton Dickinson Company, Elcam Medical, Eli Lily and Company, Unilife Corporation, and West Pharmaceutical Inc.

Please wait. . . . Your request is being processed

Anil Kumar P is research manager at Market Data Forecast and responsible for Healthcare Domain.

Author

Anil Kumar P (Research Manager - Healthcare)

Anil Kumar P is the lead author of this report and the manager of the team responsible for authoring healthcare reports at Market Data Forecast. He holds a Bachelor’s degree in Pharmacy (Hons.) from BITS Pilani, one of India’s premier institutions. Over the past seven years, Anil has gained extensive experience working with multiple market research companies, where he has collaborated with a diverse range of clients—from innovative startups to Fortune 500 companies—delivering data-driven insights and strategic advice that drive business growth.

Read More

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1600

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample