The global 2D materials market is projected to reach $4,000.0 million by 2031 from $526.1 million in 2022, growing at a CAGR of 25.3% during the forecast period 2022-2031.

The demand for 2D materials is anticipated to grow with the increasing demand from the end-use industries such as composite and coatings, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles, and others. Furthermore, it is anticipated that during the projected period of 2022-2031, the increasing adoption of 2D materials in the healthcare industry and the increasing adoption of non-graphene 2D materials such as Mxene, TMDCs, Hexagonal boron nitride, and others are expected to further fuel the advancement of the global 2D materials market. However, the high cost of production is anticipated to hinder market growth in the upcoming future.

Market Lifecycle Stage

The global 2D materials market is in the growth phase. Rising sales of fuel cell vehicles and increasing focus on decarbonization and controlling pollutants are expected to boost market growth. Furthermore, due to high demand from the end-user industries and growing demand for transparent conductive films (TCF) in the electronics industry are expected to increase the demand for the 2D materials market. Moreover, the global 2D materials market is expected to benefit from the expanding market of nanomaterials, which is expected to promote market expansion. The requirement for 2D materials is being stimulated by photovoltaics and sports equipment as well.

Industrial Impact

• Growing demand for energy storage devices and electronics is the main driving force behind the growing interest in the 2D materials market. As a result, these materials are getting prominence in a variety of industries, including composite and coatings, electronics, semiconductors, pharmaceuticals, automobiles, and energy storage devices, among others. One area where implementation has been significantly greater is composite and coatings, which have created opportunities for both existing market participants and market entrants.
• Furthermore, 2D materials have a moderate to high impact on end-user industries; however, in the upcoming future, with increased production of consumer electronics, electric vehicles, biomedical devices, and other applications, the impact is anticipated to increase.

Impact of COVID-19

The 2D materials market was affected moderately by COVID-19. The sales of fuel cell vehicles (FCVs) reduced significantly in 2020, with only 937 vehicles sold in the U.S., according to the California Fuel Cell Partnership. However, the sales rebounded spectacularly in 2021, increasing by 257% year-over-year and around 3,341 fuel cell vehicles sold. However, in the healthcare industry, the 2D materials market was among the few markets that were positively affected by COVID-19, and the market has since continued its growth. The COVID-19 outbreak has increased the use of 2D materials in the biomedical sector as they aid in infection control practices. Furthermore, 2D materials are also utilized in the production of biosensors to detect viruses and infections. Typically, synthesized 2D material-based biosensors provide simple, economical, perceptive, and easily adaptable SARS-CoV-2 detection.

Market Segmentation:

Segmentation 1: by End User

• Composite and Coatings
• Energy Storage Devices
• Electronics
• Semiconductor
• Pharmaceuticals
• Automobiles
• Others

Based on end user, the composite and coatings segment led the 2D materials market in 2021 and was the largest segment due to the rising consumer demand for consumer electronics, interactive packaging, radiofrequency sensing, and other products, which is driving an increase in interest in flexible energy storage battery technology.

Segmentation 2: by Material Type

• Graphene
• Black Phosphorous
• Transition Metal Dichalcogenides
• Mxene
• Hexagonal boron nitride
• Others

Based on material type, the graphene segment dominated the 2D materials market in 2021 and was the largest segment owing to growing demand from end-use industries such as consumer electronics, medical devices, aerospace and defense, and semiconductor, owing to its higher electrical and thermal conductivity.

Segmentation 3: by Region

• North America – U.S., Canada, and Mexico
• Europe – Germany, France, Italy, Spain, and Rest-of-Europe
• China
• U.K.
• Asia-Pacific and Japan – Japan, India, South Korea, Australia, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World – South America, and Middle East and Africa

In the global 2D materials market, China dominates the market due to the strong presence of end-use industries such as photovoltaics, automotive, and others, along with the largest graphite deposit worldwide and growing sales of fuel cell vehicles.

Recent Developments in the Global 2D Materials Market

• In September 2021, Colloids Limited introduced a new infrastructure for customized polymeric materials using its ground-breaking graphanced graphene masterbatch advanced technologies. Due to its extraordinary qualities, graphene has attracted a lot of attention. Additionally, it has exceptional mechanical characteristics as well as superior thermal and electrical permeability.
• In December 2021, Black Swan Graphene Inc. signed a legally enforceable letter of intent to purchase Dragonfly Capital Corp., in a backward merger agreement for $31.5 million. On December 13, 2021, Black Swan Graphene Inc. and Dragonfly Capital Corp. agreed to communicate shares in an opposite merger transaction. Stockholders of Black Swan would then obtain 15.2 consideration shareholdings for every ordinary Black Swan share they own.
• In September 2022, NanoXplore purchases XG Sciences’ assets. This procurement greatly enhances its intangible assets associated with graphene and battery materials augmented by graphene, and it also expedites the industry’s entry into the rechargeable batteries material market.

Demand – Drivers and Limitations

The following are the demand drivers for the global 2D materials market:

• Growing adoption of 2D materials in energy storage
• Strong growth of 2D materials in the healthcare industry
• Growing demand for transparent conductive films in electronics industry

The market is expected to face some limitations as well due to the following challenges:

• Lack of large-scale production of high-quality graphene
• High cost of production

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader to understand the different material types involved in 2D materials. Moreover, the study provides the reader with a detailed understanding of the global 2D materials market based on the end user (composite and coatings, energy storage devices, electronics, semiconductors, pharmaceuticals, automobiles, and others). 2D materials are gaining traction in end-user industries on the back of sustainability concerns and their high durability properties. They are also being used for controlling greenhouse gas (GHG) emissions.

Growth/Marketing Strategy: The global 2D materials market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global 2D materials market. For instance, in September 2022, NanoXplore purchased XG Sciences’ assets. This procurement greatly enhances its intangible assets associated with graphene and battery materials augmented by graphene, and it also expedites the industry’s entry into the rechargeable batteries material market.

Competitive Strategy: Key players in the global 2D materials market analyzed and profiled in the study involve 2D materials manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global 2D materials market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

The global 2D materials market has been segmented by different end users, among which composite and coatings captured around 35.1% of the market as of 2021. Other end users, including energy storage devices, accounted for around 22.7%, the electronics industry accounted for 14.9%, semiconductor accounted for 6.1%, pharmaceutical accounted for 3.1%, automobiles accounted for 8.2%, and other end-use industry accounted for 9.9% of the total demand in 2021 in terms of value.

Some of the prominent established names in this market are:

Company Type 1 (by Material Type): Graphene
• NanoXplore Inc.
• Cabot Corporation
• Thomas Swan & Co. Ltd.
• Ossila Ltd
• ACS Material LLC
• American Elements
• 2D Materials Pte Ltd.
• Blackleaf
• BASF SE
• 6Carbon Technology
• Garmor Tech
• Nitronix Nanotechnology Corporation
• PlanarTECH LLC
• AVANZARE INNOVACION TECNOLOGICA S.L.
• XlynX Materials Inc.
• Layer One
• 2D Water

Company Type 2 (by Material Type): Black Phosphorus
• Smart-elements GmbH
• Ossila Ltd.

Company Type 3 (by Material Type): Mxene
• Ossila Ltd.
• ACS Material LLC

Company Type 4 (by Material Type): TMDCs
• Ossila Ltd
• 6Carbon Technology
• PlanarTECH LLC

Company Type 5 (by Material Type): Hexagonal Boron Nitride
• Ossila Ltd
• 6Carbon Technology

Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).

The post 2D Materials Market – A Global and Regional Analysis: Focus on End User, Material Type, and Region – Analysis and Forecast, 2022-2031 first appeared on CRI Report.

The global high-performance plastic additives market is projected to reach $2,839.3 million by 2031 from $1,045.3 million in 2021, growing at a CAGR of 9.6% during the forecast period 2022-2031.

The demand for high-performance plastic additives is anticipated to grow with the increasing demand from end-user industries such as transportation, medical, electricals and electronics, packaging, and others. Furthermore, it is anticipated that during the projected period (2022-2031), the increasing adoption of high-performance plastics in the electrical and electronics industry and the growing green transportation technologies in several emerging economies, including China, India, and Thailand, are expected to further fuel the advancement of the global high-performance plastic additives market. However, the rigorous environmental standards regarding the hazardous compounds in plastics are anticipated to hinder market growth in the upcoming future.

Market Lifecycle Stage

The global high-performance plastic additives market is in the growth phase. Increased investment and research and development activities are expected to boost the market. Furthermore, due to high demand from end-user industries and rising public concerns, government regulations related to hazardous and non-degradable polymer compounds are expected to increase the demand for eco-sustainable polymers, thereby bolstering the global high-performance plastic additives market. Moreover, the global high-performance plastic additives market is expected to benefit from the growing implementation of high-performance plastics such as polytetrafluoroethylene (PTFE) for metal replacement, which promotes market expansion.

Industrial Impact

High-performance plastic additives continue to improve the supreme sliding friction, weight-saving capabilities, rigidity, high stiffness, and durability of the materials to which they are applied. As a result, these materials are gaining prominence in a variety of industries, including transportation, medical, aerospace, and electricals and electronics. One area where implementation has been significantly greater is the electrical and electronics industry, which has created opportunities for both existing market participants and market entrants.

Furthermore, high-performance plastic additives have a moderate to high impact on end-user industries; however, in the upcoming future, with increasing penetration of electrical and electronics, transportation, and other industries, the impact is anticipated to increase.

Impact of COVID-19

COVID-19 had an immediate and significant impact on the global high-performance plastic additives market because of country-wide shutdowns of manufacturing sites, labor shortages, and disruptions in supply and demand chains globally, which distorted the market. The lockdowns imposed by the governments significantly reduced raw material productivity due to a shortage of operations in many regions throughout the world. The electrical and electronics, transportation, and other end-user sectors have been in a slowdown for the last couple of years. The global demand for high-performance plastic additives has been severely impacted by these market downturns in the end-user industries. However, the market is anticipated to recover and is expected to rise gradually over the forecast period.

Market Segmentation:

Segmentation 1: by End User

• Transportation
• Medical
• Electrical and Electronics
• Packaging
• Others

The electrical and electronics industry is the prominent end-user segments in the global high-performance plastic additives market.

Segmentation 2: by Plastic Type

• Fluoropolymers
• High-performance Polyamides
• Sulfone Polymers
• Liquid Crystal Polymers
• Polyimides
• Others

The global high-performance plastic additives market is estimated to be led by high-performance polyamide in terms of plastic type.

Segmentation 3: by Additive Type

• Plasticizers
• Flame Retardants
• Lubricants
• Anti-Oxidants
• Stabilizers
• Others

The global high-performance plastic additives market is estimated to be led by flame retardants and others in terms of additive type.

Segmentation 4: by Region

• North America – U.S., Canada, and Mexico
• Europe – Germany, France, Italy, Spain, and Rest-of-Europe (RoE)
• China
• U.K.
• Asia-Pacific and Japan – Japan, India, South Korea, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World (ROW)

In the global high-performance plastic additives market, Asia-Pacific and Japan and China are anticipated to gain traction in terms of high-performance plastic additives production, owing to the continuous growth in electrical and electronics production and the presence of key manufacturers in the regions.

Recent Developments in the Global High-Performance Plastic Additives Market

• In September 2022, SABIC unveiled the LNP THERMOCOMP AM DC0041XA51 compound at InnoTrans 2022 in Berlin, Germany. It is an innovative carbon fiber-reinforced, flame-retardant (FR) substance appropriate for pellet-fed additive manufacturing (PFAM/), which is fully complied with E.U. and U.S. rail fire safety requirements.
• In September 2021, 3M expanded its line of boron nitride cooling fillers with new product grades, i.e., boron nitride cooling filler agglomerates CFA 100 and boron nitride cooling filler agglomerates CFA 150. Both consist of soft boron nitride agglomerates, which are used to enhance isotropic thermal conductivity and have applicability in automotive, electrical, and electronic devices and components.
• In October 2022, during K 2022 in Dusseldorf, Germany, Evonik Industries AG displayed its most recent viable strategies for the polymers and foam industries. INFINAM PA, a new and improved grade of PA-12 powders with drastically reduced CO2 emissions for fused deposition 3D printing technologies, was also displayed.

Demand – Drivers and Limitations

The following are the demand drivers for the global high-performance plastic additives market:

• Rising Demand from the Automotive Industry
• Replacement of Conventional Materials in a Variety of Applications
• Development of Innovative Applications and Rising Demand from the Electronics Industry

The market is expected to face some limitations as well due to the following challenges:

• Strict Government Regulations for the Plastic Industry
• High Cost and Rising Price Volatility of Raw Materials

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different high-performance plastic types such as fluoropolymers, high-performance polyamide, sulfone polymers, liquid crystal polymers, and polyimides, among others (PEEK, PLA, etc.), and high-performance plastic additive types, such as plasticizers, flame retardants, lubricants, anti-oxidants, and stabilizers, involved in the production of high-performance plastics. Moreover, the study provides the reader with a detailed understanding of the global high-performance plastic additives market based on the end user (transportation, medical, electricals and electronics, packaging industry, and others). Additionally, high-performance plastic additives are gaining traction in end-user industries on the back of sustainability concerns and are also being used to modify the properties of different polymers.

Growth/Marketing Strategy: The global high-performance plastic additives market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global high-performance plastic additives market. For instance, in September 2021, Solvay S.A. launched a brand-new segment of build panels for additive manufacturing (AM) that was anticipated to be marketed under the Ajedium brand. In additive manufacturing techniques, build panels or trays are utilized as the fundamental substrates on which the molded AM ?ber strands are constructed or 3D printed. Ajedium Build Sheets are available from Solvay in a variety of configurations and can be made from a broad range of high-performance polymers, including Udel PSU, Radel PPSU, and KetaSpirePEEK. These sheets offer superior sturdiness, thermal performance, bond strength, rigidity, and uniformity.

Competitive Strategy: Key players in the global high-performance plastic additives market analyzed and profiled in the study involve high-performance plastic additive manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global high-performance plastic additives market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing companies’ high-performance plastic additives coverage, product portfolio, and market penetration.

The global high-performance plastic additives market has been segmented into different additive types, among which flame retardants captured around 20.2% of the market as of 2021. The lubricants segment accounted for around 14.7%, antioxidant segment accounted for 10.0%, stabilizers accounted for 11.7%, plasticizers accounted for 3.7%, and other additive types accounted for 39.7% of the total demand in 2021 in terms of value.

Key Companies Profiled

• Solvay S.A.
• Evonik Industries AG.
• Colloids Ltd.
• SABIC
• Ensinger
• L.Brueggemann GmbH & Co. KG
• Americhem, Inc.
• Colortech Inc.
• Tosaf Compounds Ltd.
• Arkema
• BASF SE
• 3M
• SUQIAN UNITECH CORP., LTD.
• Nouryon
• Avient Corporation
• Kemipex
• Advanced Polymer Solutions, LLC
• NEWOS GmbH
• Ceramer GmbH
• Karan Industrial Group

The post High-Performance Plastic Additives Market – A Global and Regional Analysis: Focus on End User, Plastic Type, Additive Type, and Region – Analysis and Forecast, 2022-2031 first appeared on CRI Report.

Market Segmentation

• Application: Cardiovascular, Orthopedic, Ophthalmology, Dental, Wound Healing, Plastic Surgery, Neurological/Central Nervous System, Tissue Engineering, and Others
• Product Type: Metal-Based Biomaterials, Polymer-Based Biomaterials, Ceramic-Based Biomaterials, Natural-Based Biomaterials, Inorganic Glass-Based Biomaterials, Radiopaque Biomaterials, Regenerative Biomaterials, and Hybrid Biomaterial Combinations

Regional Segmentation

• North America: U.S., Canada, and Mexico
• Europe: France, Germany, Spain, Italy, Russia, and Rest-of-Europe
• Asia-Pacific: Japan, India, South Korea, and Rest-of-Asia-Pacific
• China
• U.K.
• Rest-of-the-World: South America and Middle East and Africa

Market Growth Drivers

• Increasing Funds/Aids by Government for Research Purposes
• Increasing Plastic Surgery and Wound Healing Therapies
• Increasing Aging/Geriatric Population
• Rise in Prevalence of Cardiovascular Diseases
• Increasing Orthopedic Disorders
• Growing Demand for Implantable Devices
• Increasing Awareness of Regenerative Medicine

Market Challenges

• Biocompatibility Issues and Safety and Stringent Regulations
• Limitations of Biomaterial-Based Products

Market Opportunities

• Increasing Obesity
• Patient Awareness and Improved Lifestyle in Emerging Economies
• Introduction of Biomaterials in Cancer Research

Key Companies Profiled

BASF SE, Carpenter Technology Corporation, Celanese Corporation, Collagen Solutions Plc, Corbion N.V., Covestro AG, DSM, Evonik Industries, Zimmer Biomet, Wright Medical Group N.V., Mitsubishi Chemical Holdings Corporation, Riton Biomaterial Co., Ltd., Berkeley Advanced Biomaterials Inc., BBS-Bioactive Bone Substitutes Oyj, Bioretec Ltd.

How This Report Can Add Value

Product / Innovation Strategy: The product segment helps the reader in understanding different types of product type (metal-based biomaterials, polymer-based biomaterials, ceramic-based biomaterials, natural-based biomaterials, inorganic glass-based biomaterials, radiopaque biomaterials, regenerative biomaterials, hybrid biomaterial combinations) associated with biomaterials. The report also includes a thorough qualitative and quantitative analysis of various application areas (cardiovascular, orthopedic, ophthalmology, dental, wound healing, plastic surgery, neurological/central nervous system, tissue engineering, and others). Additionally, the research also covers regional and country-wise analysis for different applications and product types in the biomaterials market.

Key Questions Answered in the Report

• What are the key drivers and challenges in the global biomaterials market?
• How does the supply chain function in the global biomaterials market?
• Which product type is expected to witness the maximum demand growth in the global biomaterials market during the period 2021-2031?
• Which are the key application areas for which biomaterials may experience high demand during the forecast period 2021-2031?
• Which are the key suppliers of biomaterials in different countries and regions?
• How is the industry expected to evolve during the forecast period 2021-2031?
• What are the key offerings of the prominent manufacturers in the global biomaterials market?
• Which regions and countries are leading in terms of consumption of biomaterials, and which of them are expected to witness high demand growth from 2021 to 2031?
• What are the key consumer attributes in various countries in the global biomaterials market?
• Which are the major patents filed in the biomaterials space?
• What are the key developmental strategies implemented by the key players to sustain the competitive market?
• What is the competitive strength of the key players in the global biomaterials market based on their recent developments, product offerings, and regional presence?
• Who are the key players (along with their detailed analysis and profiles, including their company snapshots, key products and services, and strength and weakness analysis) in the market?

Biomaterials Market

The history of biomaterials dates from 4000 years when the ancient Egyptians used wires of linen to close the wound. In the Middle Ages, the Europeans used sutures made of catgut. Inca surgeons also used golden dishes to repair cranial fractures, and the ancient Maya used shells to create artificial teeth. In 200 AD, Europeans also produced artificial iron teeth. However, these materials were not completely compatible and organic with the human body.

Biomaterials Industry Overview

The biomaterials market is majorly segmented by application, product type, and region. The major categories product by type includes metal-based biomaterials, polymer-based biomaterials, ceramic-based biomaterials, natural-based biomaterials, inorganic glass-based biomaterials, radiopaque biomaterials, regenerative biomaterials, hybrid biomaterial combinations. Moreover, the major applications include cardiovascular, orthopedic, ophthalmology, dental, wound healing, plastic surgery, neurological/central nervous system (CNS), tissue engineering, and others. By region, the global biomaterials are segmented into North America, Europe, Asia-Pacific, China, U.K., and Rest-of-the-World.

The global biomaterials market was valued at $122.92 billion in 2020 and is expected to reach $725.88 billion by 2031, growing at a CAGR of 17.98% between 2021 and 2031. The biomaterials market is driven by a number of factors such as superior properties of biomaterials, increasing funds/aids by the government for research purposes, increasing wound healing therapies & plastic surgeries, increasing aging/geriatric population, rise in prevalence of cardiovascular diseases, increasing awareness of regenerative medicine, increasing orthopedic disorders, and growing demand for implantable devices. However, biocompatibility issues, stringent safety regulations, and limitations of biomaterial-based products are hampering the growth of the biomaterials market. Increasing obesity, the introduction of biomaterials in cancer research, and increasing patient awareness and improved lifestyle in growing economies such as India, China, and South Korea are expected to create opportunities in the biomaterials market.

Market Segmentation

Biomaterials Market by Application

Among different biomaterials applications, cardiovascular dominates the market and is expected to be the largest application during the forecast period. The growing use of biomaterials in the cardiovascular application segment is majorly subjected to its biocompatibility as biomaterials come in contact with blood, vascular endothelial cells, fibroblasts, and myocardium, as well as a number of other cells and a cellular matrix material. Biomaterials that are used in the cardiovascular system include materials such as metals and polymers. The use of biomaterials in the cardiovascular system can be classified as temporary internal, temporary external, and permanent internal devices.

Biomaterials Market by Product

Among different biomaterials product type metal-based biomaterials dominates the market and is expected to be the largest product type during the forecast period. The dominance of metal-based biomaterials is attributed to wide use in the applications of biomaterials such as cardiovascular, orthopedic, ophthalmology, dental. From simple wires, rods, pins, screws to fracture fixation plates and total joint prostheses (artificial joints) for hips, knees, shoulders, and ankles, metals are used in all applications, including maxillofacial surgery, cardiovascular surgery, and dental materials, etc. The metal-based biomaterials include stainless steel, commercially pure titanium and titanium alloys, cobalt and chromium alloys, gold, silver, magnesium, and nitinol.

Biomaterials Market by Region

The demand for biomaterials varies according to various regions. The biomaterials market holds a prominent share in various countries of North America, Asia-Pacific and Japan, Europe, the U.K., China, and Rest-of-the-World, among which North America is expected to be the largest region for the global biomaterials market during the forecast period. Industrial advancements, extensive investments for dedicated R&D facilities, and the development of different application products that require biomaterials are some of the major drivers that are currently propelling the growth of the North America biomaterials market. Additionally, due to the wide-scale production of biomaterials as well as technological advancements pertaining to the technology, the global market for biomaterials is expected to grow at a steady rate.

Key Market Players and Competition Synopsis

BASF SE, Carpenter Technology Corporation, Celanese Corporation, Collagen Solutions Plc, Corbion N.V., Covestro AG, DSM, Evonik Industries, Zimmer Biomet, Wright Medical Group N.V., Mitsubishi Chemical Holdings Corporation, Riton Biomaterial Co., Ltd., Berkeley Advanced Biomaterials Inc., BBS-Bioactive Bone Substitutes Oyj, Bioretec Ltd.

The companies that are profiled in the report have been selected based on a selective pool of players, primarily Tier-1 (holding 50-60% of the market) and mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolios, annual revenues, market penetrations, research, and development initiatives, along with a domestic and international presence in the biomaterials industry.

Global Biomaterials Industry Outlook and Market Segments

The post Biomaterials Market – A Global and Regional Analysis: Focus on Applications, Product Types, and Countries – Analysis and Forecast, 2021-2031 first appeared on CRI Report.

Market Segmentation

• Product Type – Hardware (Injectors (Disposable, Reusable, Wearable), Patches (Needle-Less Patches, Microneedle Patches), Airless Dispensers and Bottles, Dermal Pumps, Valves, Other Devices, Packaging Products), and Software and Apps
• Sales Channel – B2B sales channel, B2C sales channel
• End User – Hospitals, Dermatology Practices, Home Use

Regional Segmentation

• North America – U.S. and Canada
• Europe – Germany, U.K., France, Italy, Spain, Nordic Countries, and Rest-of-Europe
• Asia-Pacific – Japan, China, South Korea, Australia and New Zealand, India, and Rest-of-Asia-Pacific
• Latin America – Brazil, Mexico, Argentina, and Rest-of-Latin America
• Rest-of-the-World

Market Growth Drivers

• Global Preference for Connected Devices
• Increasing Number of Business Synergies with Pharmaceutical Companies
• Novel Technologies in Drug Delivery
• Growing Focus on Prescription Adherence

Market Challenges

• Stringent Regulations and Concerns Around Data Privacy
• Lack of Awareness of Advanced Dermatology Drug Delivery Devices Among a Large Section of the Population in Emerging Countries

Market Opportunities

• Development of a Customized Apps Marketplace for Pharma Companies
• Leveraging Synergies to Expand into Emerging Markets
• Developing Low-Cost Devices to Improve Sales in Price-Sensitive Markets

Key Companies Profiled

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., Vaxxas Inc., West Pharmaceutical Services, Inc.

How This Report Can Add Value

Assuming that the reader is a manufacturer of dermal drug delivery devices, they will be able to do the following-

• Understand their position as compared to some of the key players in the market
• Get information on the number of units sold for each product type
• Stay updated with the latest trends in the market with respect to connected devices.
• Understand the impact of COVID-19 on dermatology practices, adoption of connected devices, and the entry barriers as a result.
• Identify some of the key players in the market and understand their value contribution

Assuming that the reader is a pharmaceutical company, they will be able to do the following-

• Understand the trends in dermatology drug delivery devices
• Stay updated with the key developments including partnerships between device manufacturers and pharmaceutical companies
• Understand the sales trend for OTC and pharma end markets

Key Questions Answered in the Global Advanced Dermatology Drug Delivery Devices Market Report

• What is the volume sold for each of the key product types in the market?
• What are some of the features of the products available in the market or in the pipeline?
• What are the key regulations governing the global advanced dermatology drug delivery devices market?
• What are the key technological developments expected to have a strong impact on the market in the coming years?
• How has the COVID-19 pandemic impacted the growth of the global advanced dermatology drug delivery devices market?
• Who are the leading players who held major share of the advanced dermatology drug delivery devices market in 2020?
• How has the patent filing trend in the field of advanced dermatology drug delivery devices grown over the years?
• What are the key factors that are expected to promote or restrain market growth?
• What are the likely scenarios in which the global advanced dermatology drug delivery devices market can grow in the future?
• What are the potential scenarios and effects of COVID-19 recovery for the advanced dermatology drug delivery devices market?
• What is the most common sales channel, and how likely is it to dominate the market during the forecast period 2021-2030?
• What is the current revenue contribution of different product types, and how is it expected to be modified during the forecast period?
• What is the current revenue contribution of different end users, and how is it expected to be modified during the forecast period?

Advanced Dermatology Drug Delivery Devices Market Industry Overview

The use of drug delivery devices to administer drugs through the skin is not a new concept and has been done using needle-and-syringe combinations for decades. Advanced dermatology drug delivery devices are based on the concept of drug delivery with added features for reduced pain, enhanced medication adherence, consumer engagement, user-friendly design, and ease of administration. These devices include injectors, patches, airless dispensers and bottles, dermal pumps, valves, and add-on devices for safety and enhanced connectivity.

The market currently is dominated by needle-and-syringe combination products, which is almost universally disliked, accounts for a large chunk of the market. Most of the advanced drug delivery devices aim to capture some of that share with at least one of the features mentioned previously. The primary driving factors that are expected to boost the growth of the market include the push for connected devices, increasing number of business synergies among drug delivery device manufacturers and pharmaceutical companies leading to launch of new combination products in the market, the growing focus on prescription/medication/patient adherence, and innovative technologies in drug delivery such as microneedle patches. The key effort to bridge the gap in demand for connected devices is to increase the awareness for such products in emerging countries.

The global advanced dermatology drug delivery devices market report highlights that the market was valued at $3,348.9 million in 2020 and is expected to reach $8,783.0 million by the end of 2030. The market is expected to grow at a CAGR of 10.52% during the forecast period from 2021 to 2030.

Global Advanced Dermatology Drug Delivery Devices Market Drivers

Presently, the factors driving the growth of the market as per the global advanced dermatology drug delivery devices market report include the global push for connected devices, increasing number of business synergies with pharmaceutical companies, novel technologies in drug delivery, and growing focus on prescription adherence.

As technology continues to evolve, sensors and connectivity are becoming essential elements in drug delivery. Connected devices are expected to be increasingly used for customized disease management. The market acceptance for connected devices is growing, mainly fueled by the overall increase in the adoption of connected devices and patient monitoring amidst the COVID-19 pandemic. Going forward, drug delivery devices are expected to comprise features that promote adherence. With evolving technologies, key players in the market are expected to integrate their offerings with connectivity features through apps. The growing focus on patient convenience is increasingly driving these technological advancements in the case of drug delivery.

Global Advanced Dermatology Drug Delivery Devices Market Challenges

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

The concept of connected healthcare is revolutionary. However, it also adds to data privacy concerns. Similar to all connected devices, networked medical devices are prone to security breaches. In terms of product launches, the market has registered a high rate of innovation during 2015-2020. In addition, the concept of connected medical devices is a relatively new concept and needs more time to gain acceptance among the masses, especially in emerging countries.

Global Advanced Dermatology Drug Delivery Devices Market Opportunities

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.

A number of synergies between the manufacturers of advanced dermatology drug delivery devices and third-party software developers/cloud-service providers are expected to act as a catalyst for the development of the customized apps marketplace. Emerging markets present lucrative opportunities for the growth in the adoption of advanced dermatology drug delivery devices. In addition, manufacturers of advanced dermatology drug delivery devices are expected to benefit by marketing similar low-cost devices specifically for low- and middle-income countries (LMICs) to maximize their profits.

Impact of COVID-19 on the Advanced Dermatology Drug Delivery Devices Industry

The impact of COVID-19 varies depending on the region, country, the extent of lockdowns, and the perception of the local population.

In most cases, once the lockdowns were lifted, medication delivery systems in professional healthcare settings were redesigned with an aim to minimize contact among the healthcare providers and the patients. The regulations also required the clinicians to wear personal protective equipment. The adoption of advanced dermatology drug delivery devices is expected to be accelerated post COVID-19 due to the accelerated demand for connected devices. The trend of digitalizing healthcare has also impacted the development of some of the devices.

Key areas of the supply chain were impacted during the initial days of the pandemic, which comprised coinciding lockdowns in several countries leading to a restriction in global logistics. The resulting strain led to reduced stock in warehouses and a hike in logistics costs locally.

Market Segmentation

Global Advanced Dermatology Drug Delivery Devices Market (by Product Type)

The global advanced dermatology drug delivery devices market report includes advanced dermatology devices for drug delivery. These products include injectors, patches, airless dispensers and bottles, dermal pumps, valves, other devices, and software and apps.

The product segment is being driven by a number of innovations in terms of product design and user engagement. Many players are focusing on having a patient-facing app to enhance medication adherence. As a result, software developers and solution providers are getting involved. Manufacturers can also have in-house custom software development teams for the same purpose.

Global Advanced Dermatology Drug Delivery Devices Market (by Sales Channel)

The global advanced dermatology drug delivery devices market sales channel includes B2B sales channel and B2C sales channel.

Manufacturers across the globe have been focusing on expanding their network of operations either through business synergies or technological advancements in the healthcare industry. Furthermore, the drug-device combinations are usually sold only through the B2B channel.

Global Advanced Dermatology Drug Delivery Devices Market (by End User)

The global advanced dermatology drug delivery devices market by end user includes hospitals, dermatology practices, and home use.

Hospitals are the primary end users for the global advanced dermatology delivery devices market. The adoption of these devices in hospitals and dermatology practices (clinics) has been increasing continuously for vaccination purposes. Moreover, the COVID-19 pandemic has played a key role in accelerating the demand for connected and home use devices. The advancements in drug delivery devices promoting adherence are also propelling the growth of the segment.

Global Advanced Dermatology Drug Delivery Devices Market (by Region)

The different regions covered under the global advanced dermatology drug delivery devices market include North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World.

North America and Europe are two of the largest markets for advanced dermatology drug delivery devices, while developing countries are expected to register strong growth in the adoption of advanced dermatology drug delivery devices in the near future.

Key Market Players and Competition Synopsis

Some of the key players operating in the market include 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., Vaxxas Inc., and West Pharmaceutical Services, Inc.

The global advanced dermatology drug delivery devices market has witnessed several strategic and technological developments in the past few years undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are funding activities, mergers and acquisitions (M&A), partnerships, alliances, and business expansion, regulatory and legal activities, and new offerings. The preferred strategy for companies has been business synergies followed by funding activities.

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