A number of key factors are anticipated to drive the growth of the novel drug delivery systems market over the course of the forecast period, including the rising prevalence of chronic diseases, quick advances in drug delivery technology, rising investments in the healthcare sector, favourable reimbursement policies, rising R&D activities, the rising popularity of minimally invasive procedures, and improvements in drug formulation.
Strict regulatory requirements, however, are anticipated to restrain the Novel Drug Delivery System (NDDS) Market growth for innovative drug delivery systems as a whole in the years to come. Other challenges that may limit the growth of the NDDS industry over the following five years are the high costs of innovative drug delivery systems and the low awareness of these systems.
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