Routes of Drug Administration
Route of administration in medicine is the path by which a drug is taken into the body. Routes of administration are generally classified by the location at which the substance is applied. Routes of drug administration is aimed at developing novel routes to minimize side effects form common routes by which a drug is brought into contact with the body.
The drug delivery technology market is expected to reach USD 1,504.7 Billion by 2020 from USD 1,048.1 Billion in 2015, growing at a CAGR of 7.5% from 2015 to 2020. Factors such as rising prevalence of chronic diseases, growth of the biologics market, new product launches, and drug innovation and technological advancements are driving the growth of this market. On the other hand, patent expiry and patent cliff, increase in the injuries and side effects are hindering the growth of this market.