Market Trends of France Drug Delivery Devices Industry
This section covers the major market trends shaping the France Drug Delivery Devices Market according to our research experts:
Diabetes Segment is Estimated to Witness Healthy Growth over the Forecast Period
The diabetes segment is driven by the increasing prevalence of diabetes in France and the product launches by the key market players. According to the International Diabetes Federation, in February 2022, the diabetic majority was 8.6%, with 3,942,900 adult diabetics in France in 2020. Additionally, according to the World Health Organization (WHO) May 2021, about a million are diagnosed with diabetes in France. The prevalence of diabetes is growing among all ages in France, which can be attributed to the growing obese population, unhealthy diets, and sedentary lifestyles. Thus, the rising prevalence of diabetes and obesity, growing awareness regarding diabetic care, healthcare expenditure, and technological advancements are a few factors that further drive the segment in France.
Furthermore, strategies adopted by the key market players, such as product launches, mergers, acquisitions, and partnerships, are likely to support market growth. For instance, in April 2021, BioCorp and Roche Diabetes Care France reported the launch of the Mallya smart insulin pen device in France. The device is designed to automatically gather insulin data (dose, date, and time) and upload it to Roche's Gluci-Chek application to ensure qualified information on which the patient can depend and the clinician may utilize to make informed clinical decisions. Additionally, in November 2021, Sanofi and Roche joined forces in France, teaming up to drive the adoption of a connected add-on for disposable insulin pens. The partners will jointly develop a scientific program for physicians and retail pharmacists around the Biocorp product. Thus, the segment is anticipated to witness significant growth over the forecast period due to the abovementioned factors.
Infectious Diseases is Expected to Hold Significant Share During the Forecast Period
Pathogenic microorganisms, such as bacteria, viruses, parasites, or fungi, cause infectious diseases. These diseases can spread directly or indirectly from one person to another. Common contagious diseases are Streptococcal Pharyngitis, urinary tract infections (caused by bacteria), HIV/AIDS, the common cold (caused by a virus), Athlete's foot (a common fungus), etc.
With the increasing burden of infectious diseases in France, the market is expected to project growth over the forecast period. According to the UNAIDS factsheet, in 2021, there were 190,000 HIV-positive persons in France. In 2021, the number of new HIV infections was 5,800. Regarding gender, men are more impacted than women, and it is most common among people aged 55 to 64. The region of Paris, known as Île-de-France, has the highest rate of diagnoses. Thus, the country's growing prevalence of infectious diseases is expected to increase demand for drug-delivery devices, thereby boosting the market's growth over the forecast period.
Additionally, various initiatives the market players take are likely to support the market's growth over the forecast period. For instance, in November 2022, Aptar Pharma, a drug delivery company, completed the first phase of its announced USD 180 million expansion initiative to satisfy expanding customer capacity needs for injectable system solutions.
Thus, all factors above such as the growing prevalence of infectious diseases and strategic initiatives by market players, are expected to boost the market in the country over the forecast period.
