Business Opportunities in Drug Delivery
It is seen that there in 2010 there is 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 59% 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 CAGR of 4.7%. As Europe is contributed by 27% of the total drug delivery market in 2010 as it was $36 billion and is expected to increase by $49 billion by the year 2016 at CAGR 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 predicted annual growth is given, the market represents the considerable business opportunity, that which can be seen in the increasing number of drug delivery specialists. Consistent quality and competitive costs of product improves Production performance and continuity of supply and Product and technology auditing and due diligence with minimizing Regulatory Issues, quality control, and business development Business opportunities in drug delivery.
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