신규 약물전달 시스템 시장 예측(2026-2032년)

The Novel Drug Delivery Systems Market is projected to grow by USD 223.74 billion at a CAGR of 6.64% by 2032.

Novel Drug Delivery Systems Executive Summary

Novel drug delivery systems are redefining how therapeutics are formulated, targeted, released, and monitored across acute and chronic disease care. The field spans lipid nanoparticles, polymeric nanoparticles, micelles, liposomes, implants, transdermal patches, inhalable platforms, ocular inserts, long-acting injectables, antibody-drug conjugate delivery approaches, and stimulus-responsive carriers. These technologies are designed to improve bioavailability, extend dosing intervals, reduce systemic toxicity, enhance patient adherence, and enable precision delivery of complex molecules, including peptides, proteins, nucleic acids, and cell- or gene-based therapies.

The sector is supported by verified scientific and regulatory momentum. The clinical success of lipid nanoparticle-enabled mRNA vaccines demonstrated the scalability of advanced delivery platforms, while long-acting injectable therapies have shown adherence benefits in areas such as HIV treatment, contraception, pain management, and psychiatric care. Regulatory agencies including the U.S. Food and Drug Administration, European Medicines Agency, and national authorities across Asia-Pacific continue to refine expectations for complex generics, nanomedicines, combination products, biologic delivery devices, and post-approval safety monitoring. At the same time, rising chronic disease prevalence, aging populations, antimicrobial resistance concerns, and demand for patient-centric care are accelerating the adoption of targeted drug delivery, controlled release formulations, and minimally invasive administration systems.

For healthcare stakeholders, the strategic value of novel drug delivery systems lies not only in therapeutic performance but also in lifecycle management, differentiated product positioning, manufacturing innovation, and improved real-world outcomes. As drug pipelines increasingly include molecules with solubility, stability, permeability, tissue-targeting, or intracellular-delivery challenges, delivery science has become a central enabler of pharmaceutical innovation.

Transformative Shifts in Novel Drug Delivery Systems

The landscape for novel drug delivery systems is undergoing structural change as pharmaceutical development shifts from conventional dosage forms toward targeted, intelligent, and patient-adapted platforms. A major transformative shift is the movement from passive delivery to active and site-specific targeting. Nanoparticles, ligand-conjugated systems, antibody-linked payloads, receptor-mediated delivery approaches, and stimuli-responsive carriers are being studied and deployed to concentrate therapeutic action in diseased tissues while limiting off-target exposure.

Another major shift is the rise of long-acting and controlled-release technologies. Depot injections, biodegradable implants, osmotic pumps, transdermal systems, and in situ forming formulations are helping reduce dosing frequency and improve adherence, particularly in chronic conditions where missed doses can compromise outcomes. This shift aligns with healthcare systems' emphasis on value-based care, continuity of treatment, and reduced hospital burden.

Biologics and nucleic acid therapeutics are also reshaping delivery requirements. Messenger RNA, small interfering RNA, antisense oligonucleotides, peptides, and proteins often require protection from enzymatic degradation, improved endosomal escape, and targeted cellular uptake. This has elevated the importance of lipid nanoparticles, polymeric carriers, viral and non-viral vectors, and hybrid delivery systems. The transition from small-molecule-dominant portfolios to complex biologic and genetic medicines has made delivery technology a strategic determinant of clinical feasibility.

Manufacturing and quality expectations are also evolving. Novel delivery platforms must meet stringent standards for particle size distribution, sterility, stability, reproducibility, extractables and leachables, device reliability, and cold-chain compatibility where required. Continuous manufacturing, advanced analytics, process automation, and quality-by-design principles are increasingly central to scale-up. Collectively, these shifts are creating a more integrated ecosystem where formulation science, materials engineering, regulatory strategy, digital health, and clinical evidence generation converge.

Cumulative Impact of Artificial Intelligence on Drug Delivery

Artificial intelligence is increasingly influencing the discovery, design, optimization, and monitoring of novel drug delivery systems. In formulation development, machine learning models can analyze physicochemical properties, excipient interactions, particle size parameters, release kinetics, rheology, and stability data to prioritize candidate formulations more efficiently than traditional trial-and-error approaches. AI-enabled design of experiments can reduce development cycles by identifying optimal combinations of polymers, lipids, surfactants, stabilizers, processing parameters, and manufacturing conditions.

AI is also supporting nanomedicine and targeted delivery design. Computational models can help predict biodistribution, cellular uptake, toxicity signals, immunogenicity risks, and drug-release behavior based on material characteristics and biological context. These tools are particularly relevant for lipid nanoparticles, polymeric nanoparticles, liposomes, and nucleic acid delivery systems, where small changes in composition can substantially affect potency, safety, and tissue selectivity.

In clinical and real-world settings, artificial intelligence can enhance patient stratification, dose optimization, adherence tracking, and adverse event detection. Digital drug delivery devices, connected inhalers, smart injectors, wearable patches, and implantable platforms can generate data that help clinicians monitor treatment behavior and therapeutic response. When combined with electronic health records and pharmacovigilance systems, AI can identify patterns that support safer and more personalized use of advanced delivery technologies.

However, the cumulative impact of AI depends on data quality, model transparency, regulatory acceptance, cybersecurity, and ethical governance. Regulators increasingly emphasize explainability, validation, human oversight, and risk management for AI-enabled tools. For industry participants, the strongest opportunities will come from applying AI as a disciplined development accelerator rather than as a substitute for robust laboratory validation, clinical evidence, and quality management.

Key Regional Insights for Novel Drug Delivery Systems

Asia-Pacific is becoming a critical region for novel drug delivery systems due to expanding pharmaceutical manufacturing capacity, rising healthcare expenditure, large patient populations, and growing capabilities in biologics and vaccine production. China, India, Japan, South Korea, Australia, and ASEAN economies are advancing research in nanocarriers, transdermal systems, long-acting injectables, inhalation therapies, biosimilar delivery devices, and nucleic acid delivery. Regulatory modernization, domestic innovation policies, and investments in biomanufacturing are strengthening the region's role in both development and supply.

Europe has a mature ecosystem for novel drug delivery systems, supported by strong academic research, regulatory rigor, advanced pharmaceutical manufacturing, and established clinical evaluation pathways. The region is active in nanomedicines, inhalation technologies, polymer-based delivery, biologic combination products, parenteral delivery, and sustainable pharmaceutical packaging. European policy priorities around medicine safety, antimicrobial stewardship, personalized medicine, medical device performance, and environmental impact are influencing formulation and device development.

North America remains a leading innovation hub for advanced drug delivery because of its strong biomedical research infrastructure, mature regulatory pathways, extensive clinical trial networks, and high adoption of specialty therapeutics. The United States and Canada have strong activity in lipid nanoparticles, biologic delivery, implantable systems, autoinjectors, connected devices, and long-acting formulations. Demand is reinforced by chronic disease burden, patient adherence challenges, and the growth of complex therapeutics requiring specialized delivery technologies.

Latin America is seeing increasing interest in patient-friendly dosage forms, biosimilar delivery, injectable therapies, transdermal systems, and improved access to chronic disease treatments. Brazil and Mexico are central to regional pharmaceutical activity, supported by public health needs related to diabetes, cardiovascular disease, infectious diseases, and oncology care. Local manufacturing capabilities, public procurement priorities, and regulatory harmonization efforts are important factors shaping adoption across the region.

Africa presents a distinct set of opportunities centered on access, affordability, temperature stability, simplified administration, and adherence improvement. Novel delivery systems that reduce dosing frequency, minimize cold-chain dependency, enable community-based administration, or improve pediatric acceptability can be especially relevant. Public health priorities including infectious diseases, maternal and child health, vaccination, and chronic disease management are expected to shape delivery technology needs across diverse African healthcare systems.

The Middle East is increasing investments in healthcare infrastructure, specialty care, and pharmaceutical localization, creating opportunities for advanced injectable delivery, diabetes management devices, oncology delivery platforms, and hospital-based specialty therapeutics. Gulf countries are particularly active in building regulatory capacity, improving medicine access, and attracting healthcare innovation aligned with national diversification strategies.

Key Economic and Strategic Group Insights

NATO member countries, while not a healthcare market grouping, include many high-income and technologically advanced nations with strong biomedical research capabilities, emergency preparedness priorities, and defense-related medical innovation interests. Drug delivery systems relevant to field medicine, vaccines, antidotes, sustained-release treatments, autoinjectable countermeasures, and resilient pharmaceutical supply chains can intersect with broader health security and preparedness objectives across NATO-aligned healthcare systems.

G7 countries remain central to high-end innovation in novel drug delivery systems due to strong research institutions, mature intellectual property frameworks, advanced manufacturing capacity, and robust clinical development ecosystems. These countries are active in biologic delivery, gene and RNA therapeutic delivery, connected drug-device combinations, advanced injectables, inhalation technologies, and regulatory science for complex products.

BRICS countries represent a diverse and increasingly influential group for drug delivery innovation and access. Brazil, Russia, India, China, and South Africa combine large patient populations, expanding pharmaceutical production, public health demand, and policy interest in domestic manufacturing. The group's relevance is particularly strong in vaccines, generics, biosimilars, long-acting formulations, and delivery systems designed for affordability, scalability, and broad public health deployment.

The European Union provides one of the most structured environments for advanced drug delivery through coordinated regulatory oversight, pharmacovigilance systems, research funding frameworks, and cross-border clinical collaboration. EU priorities in advanced therapies, personalized medicine, nanomedicine safety, environmental sustainability, and medical device regulation are directly influencing the development and commercialization requirements for combination products and novel delivery platforms.

ASEAN is gaining relevance in novel drug delivery systems as member countries strengthen pharmaceutical manufacturing, clinical research participation, and regulatory cooperation. The region's demand is shaped by growing middle-class healthcare access, high infectious disease preparedness needs, expanding diabetes care, and increasing interest in biosimilars, vaccines, transdermal products, and patient-friendly injectables. Harmonization initiatives within ASEAN support more efficient regulatory engagement for advanced formulations.

The GCC is emerging as a strategic healthcare investment bloc, with governments prioritizing specialty care, domestic pharmaceutical production, diabetes management, oncology services, and digital health integration. Novel drug delivery platforms such as autoinjectors, long-acting injectables, smart devices, prefilled syringes, and hospital-administered specialty therapies align with regional goals to improve chronic disease outcomes and reduce dependence on imported healthcare capabilities.

Key Country Insights for Novel Drug Delivery Systems

China is rapidly advancing in biologics, nucleic acid therapeutics, nanomedicine research, and pharmaceutical manufacturing. National innovation policies, expanding clinical development capacity, and large disease burden are accelerating interest in lipid nanoparticles, targeted delivery, long-acting injectables, biosimilar administration systems, and smart delivery devices.

The United States is a major center for novel drug delivery innovation, supported by extensive clinical research, advanced biologics development, regulatory guidance for combination products, and strong activity in injectables, lipid nanoparticles, autoinjectors, implantables, inhalation systems, and connected delivery devices. Chronic disease management, specialty drug administration, and adherence-focused care are central drivers.

Japan has a mature pharmaceutical innovation ecosystem with strong capabilities in precision medicine, polymer science, transdermal patches, injectable technologies, and aging-population healthcare solutions. Patient convenience, safety, quality consistency, and high manufacturing standards shape adoption of advanced formulations.

India plays a central role in global pharmaceutical production and is increasingly investing in complex generics, biosimilars, vaccines, and novel formulations. Cost-effective delivery systems, heat-stable formulations, long-acting injectables, improved oral dosage forms, and scalable nanotechnology platforms are key areas of strategic relevance.

Germany is a major European center for pharmaceutical engineering, precision manufacturing, medical devices, and injectable systems. Its strengths in quality systems, materials science, automation, and industrial scale-up support sophisticated delivery platforms and combination products.

The United Kingdom maintains strong expertise in formulation science, clinical trials, regulatory innovation, and advanced therapy development. Activity is notable in inhalation technologies, biologic delivery, cell and gene therapy support systems, nanomedicine research, and digital-enabled medication adherence.

Australia contributes through clinical research, biotechnology development, vaccine science, and regulatory alignment with international standards. Drug delivery opportunities are linked to biologics, oncology, respiratory care, long-acting formulations, and remote healthcare needs.

France has strong capabilities in vaccines, biologics, oncology research, and hospital-based specialty care, creating demand for targeted delivery, long-acting injectables, and advanced parenteral formulations. Its regulatory and healthcare assessment environment places emphasis on clinical benefit, safety, and patient access.

South Korea is increasingly prominent in biologics manufacturing, biosimilars, digital health, and medical device integration. Its strengths in advanced manufacturing and technology adoption support growth in connected delivery systems, prefilled injectables, wearable administration tools, and biologic administration platforms.

Italy contributes through pharmaceutical manufacturing, specialty medicine development, and medical device expertise. Opportunities include inhalation delivery, injectable formulations, topical and transdermal therapies, controlled-release products, and patient-friendly administration systems.

Canada contributes through strong academic research, biomanufacturing initiatives, clinical trial capabilities, and public health interest in vaccines, biologics, and patient-centric therapies. Its healthcare system emphasizes evidence-based adoption, safety evaluation, health technology assessment, and access considerations for advanced formulations.

Russia has established pharmaceutical manufacturing capacity and public health priorities related to infectious diseases, oncology, and chronic conditions. Adoption of novel delivery systems is shaped by local production policies, healthcare access needs, regulatory considerations, and demand for scalable injectable and vaccine platforms.

Brazil is Latin America's leading pharmaceutical hub, with national priorities in immunization, biosimilars, chronic disease management, and public sector access. Local capabilities and public health institutions support interest in scalable delivery platforms, especially for vaccines, injectables, and affordable controlled-release medicines.

Mexico is gaining relevance through pharmaceutical manufacturing, proximity to North American supply chains, and rising demand for chronic disease treatments. Drug delivery opportunities include improved oral formulations, injectables, transdermal systems, prefilled devices, and diabetes-related administration technologies.

Spain supports growth through clinical research networks, hospital-based innovation, and demand for chronic disease and oncology treatments. Advanced formulations, biosimilar delivery devices, inhalation therapies, and adherence-enhancing systems are particularly relevant.

Actionable Recommendations for Industry Leaders

Industry leaders should prioritize delivery-platform selection early in drug development rather than treating formulation as a late-stage technical exercise. Molecule characteristics, target tissue, route of administration, patient population, stability requirements, device interface, and manufacturing scalability should be integrated into candidate selection and clinical planning.

Organizations should strengthen capabilities in lipid nanoparticles, polymeric systems, long-acting injectables, transdermal technologies, inhalation platforms, implantable delivery, and biologic-compatible delivery devices. Strategic investment in quality-by-design, advanced analytics, sterile manufacturing, cold-chain optimization, human factors engineering, and device reliability testing will be essential for complex products.

Regulatory strategy should be embedded from the beginning, especially for combination products, nanomedicines, biosimilar delivery systems, and digitally connected devices. Early engagement with regulatory authorities, robust comparability data, human factors studies, biocompatibility evidence, and clear risk-management documentation can reduce development uncertainty.

Leaders should also use artificial intelligence pragmatically to accelerate formulation screening, predict stability, optimize process parameters, evaluate release profiles, and analyze real-world adherence data. AI systems must be validated, transparent, and aligned with data governance, cybersecurity, and patient privacy requirements.

Commercial strategies should focus on demonstrable clinical and operational value, including improved adherence, reduced dosing burden, lower adverse event risk, easier administration, fewer administration-site barriers, and healthcare workflow efficiency. Products that combine therapeutic efficacy with patient convenience and system-level value are better positioned for adoption in increasingly evidence-driven healthcare environments.

Research Methodology

This executive summary is based on a structured secondary research approach using verified public-domain and industry-relevant sources, including regulatory agency publications, peer-reviewed scientific literature, clinical trial registries, pharmacopoeial and standards guidance, public health datasets, patent and technology trend reviews, and policy documents from recognized healthcare authorities. The methodology emphasizes evidence triangulation across regulatory, clinical, scientific, manufacturing, and health-system perspectives.

Research inputs were assessed for source credibility, publication recency, methodological transparency, and relevance to novel drug delivery systems. Particular attention was given to technologies such as lipid nanoparticles, polymeric carriers, liposomes, micelles, long-acting injectables, transdermal systems, inhalation platforms, implantable delivery, biologic delivery devices, and digitally connected administration systems.

The analysis excludes market sizing, market share assessment, financial forecasting, and company-specific profiling. Instead, it focuses on validated industry drivers, technological shifts, regulatory developments, regional dynamics, and strategic implications for stakeholders. Findings were synthesized to support SEO-focused executive-level understanding while maintaining factual accuracy and avoiding unsupported claims.

Conclusion

Novel drug delivery systems have become a core pillar of modern pharmaceutical innovation, enabling therapies to be safer, more targeted, longer acting, and more convenient for patients. The convergence of nanotechnology, biologics, controlled-release science, smart devices, and artificial intelligence is reshaping how medicines are developed and administered across global healthcare systems.

Regional, economic group, and country-level dynamics show that innovation is not confined to one geography. North America and Europe continue to lead in advanced research and regulatory maturity, Asia-Pacific is expanding rapidly in manufacturing and innovation capacity, Latin America is strengthening access-oriented adoption, the Middle East is investing in specialty healthcare infrastructure, and Africa presents strong need for resilient, affordable, and adherence-enhancing delivery solutions.

For industry leaders, the path forward requires early integration of delivery science, rigorous regulatory planning, scalable manufacturing, responsible AI adoption, and patient-centered product design. As therapeutic pipelines become more complex, the ability to match the right molecule with the right delivery platform will increasingly define clinical success, operational efficiency, and long-term healthcare value.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Definition
• 1.3. Market Segmentation & Coverage
• 1.4. Years Considered for the Study
• 1.5. Currency Considered for the Study
• 1.6. Language Considered for the Study
• 1.7. Key Stakeholders

2. Research Methodology

• 2.1. Introduction
• 2.2. Research Design
  • 2.2.1. Primary Research
  • 2.2.2. Secondary Research
• 2.3. Research Framework
  • 2.3.1. Qualitative Analysis
  • 2.3.2. Quantitative Analysis
• 2.4. Market Size Estimation
  • 2.4.1. Top-Down Approach
  • 2.4.2. Bottom-Up Approach
• 2.5. Data Triangulation
• 2.6. Research Outcomes
• 2.7. Research Assumptions
• 2.8. Research Limitations

3. Executive Summary

• 3.1. Introduction
• 3.2. CXO Perspective
• 3.3. Market Size & Growth Trends
• 3.4. New Revenue Opportunities
• 3.5. Next-Generation Business Models
• 3.6. Industry Roadmap

4. Market Overview

• 4.1. Introduction
• 4.2. Industry Ecosystem & Value Chain Analysis
  • 4.2.1. Supply-Side Analysis
  • 4.2.2. Demand-Side Analysis
  • 4.2.3. Stakeholder Analysis
• 4.3. Market Dynamics
  • 4.3.1. Key Drivers
  • 4.3.2. Key Restraints
  • 4.3.3. Key Opportunities
  • 4.3.4. Key Challenges
• 4.4. Porter's Five Forces Analysis
• 4.5. PESTLE Analysis
• 4.6. Market Outlook
  • 4.6.1. Near-Term Market Outlook (0-2 Years)
  • 4.6.2. Medium-Term Market Outlook (3-5 Years)
  • 4.6.3. Long-Term Market Outlook (5-10 Years)
• 4.7. Go-to-Market Strategy

5. Market Insights

• 5.1. Consumer Insights & End-User Perspective
• 5.2. Consumer Experience Benchmarking
• 5.3. Opportunity Mapping
• 5.4. Distribution Channel Analysis
• 5.5. Pricing Trend Analysis
• 5.6. Regulatory Compliance & Standards Framework
• 5.7. ESG & Sustainability Analysis
• 5.8. Disruption & Risk Scenarios
• 5.9. Return on Investment & Cost-Benefit Analysis

6. Cumulative Impact of Artificial Intelligence 2026

7. Novel Drug Delivery Systems Market, by Technology Type

• 7.1. Introduction
• 7.2. Nanotechnology Based Systems
  • 7.2.1. Polymeric Nanoparticles
  • 7.2.2. Lipid Nanoparticles
  • 7.2.3. Solid Lipid Nanoparticles
• 7.3. Liposome Based Systems
  • 7.3.1. Conventional Liposomes
  • 7.3.2. Stealth Liposomes
• 7.4. Microsphere & Microcapsule Systems
  • 7.4.1. Biodegradable
  • 7.4.2. Polymer
• 7.5. Polymeric Drug Delivery Systems
• 7.6. Hydrogel Based Systems
• 7.7. Emulsion Based Systems
  • 7.7.1. Microemulsions
  • 7.7.2. Nanoemulsions

8. Novel Drug Delivery Systems Market, by Targeting Type

• 8.1. Introduction
• 8.2. Passive Targeting
• 8.3. Active Targeting
• 8.4. Dual Targeting Systems
• 8.5. Organ Specific Targeting
  • 8.5.1. Liver
  • 8.5.2. Brain
  • 8.5.3. Tumor
  • 8.5.4. Pulmonary

9. Novel Drug Delivery Systems Market, by Route Of Administration

• 9.1. Introduction
• 9.2. Inhalation
  • 9.2.1. Dry Powder Inhalers
  • 9.2.2. Nebulizers
• 9.3. Injectable
  • 9.3.1. Intramuscular
  • 9.3.2. Intravenous
  • 9.3.3. Subcutaneous
• 9.4. Nasal
  • 9.4.1. Drops
  • 9.4.2. Sprays
• 9.5. Oral
  • 9.5.1. Capsules
  • 9.5.2. Liquids
  • 9.5.3. Tablets
• 9.6. Transdermal
  • 9.6.1. Gels
  • 9.6.2. Patches

10. Novel Drug Delivery Systems Market, by Application

• 10.1. Introduction
• 10.2. Cardiovascular
  • 10.2.1. Stents
  • 10.2.2. Transcatheter Devices
• 10.3. Endocrinology
  • 10.3.1. Diabetes Management
  • 10.3.2. Hormone Replacement
• 10.4. Infectious Diseases
  • 10.4.1. Antibiotic Delivery
  • 10.4.2. Antiviral Delivery
  • 10.4.3. Vaccine Delivery
• 10.5. Neurology
  • 10.5.1. CNS Disorders
  • 10.5.2. Peripheral Disorders
• 10.6. Oncology
  • 10.6.1. Chemotherapy
  • 10.6.2. Immunotherapy
  • 10.6.3. Targeted Therapy
• 10.7. Ophthalmology
  • 10.7.1. Eye Drops
  • 10.7.2. Ocular Implants

11. Novel Drug Delivery Systems Market, by End User

• 11.1. Introduction
• 11.2. Ambulatory Care
• 11.3. Clinics
• 11.4. Home Care
• 11.5. Hospitals
• 11.6. Pharmacies

12. Novel Drug Delivery Systems Market, by Distribution Channel

• 12.1. Introduction
• 12.2. Offline
• 12.3. Online

13. Novel Drug Delivery Systems Market, by Region

• 13.1. Asia-Pacific
• 13.2. Europe
• 13.3. North America
• 13.4. Latin America
• 13.5. Africa
• 13.6. Middle East

14. Novel Drug Delivery Systems Market, by Group

• 14.1. NATO
• 14.2. G7
• 14.3. BRICS
• 14.4. European Union
• 14.5. ASEAN
• 14.6. GCC

15. Novel Drug Delivery Systems Market, by Country

• 15.1. China
• 15.2. United States
• 15.3. Japan
• 15.4. India
• 15.5. Germany
• 15.6. United Kingdom
• 15.7. Australia
• 15.8. France
• 15.9. South Korea
• 15.10. Italy
• 15.11. Canada
• 15.12. Russia
• 15.13. Brazil
• 15.14. Mexico
• 15.15. Spain

16. Competitive Landscape

• 16.1. Market Share Analysis, 2025
• 16.2. FPNV Positioning Matrix, 2025
• 16.3. Market Concentration Analysis, 2025
  • 16.3.1. Concentration Ratio (CR)
  • 16.3.2. Herfindahl Hirschman Index (HHI)
• 16.4. Recent Developments & Impact Analysis, 2025
• 16.5. Product Portfolio Analysis, 2025
• 16.6. Benchmarking Analysis, 2025

17. Company Profiles

• 17.1. Abbott Laboratories
• 17.2. AbbVie Inc
• 17.3. Amgen Inc
• 17.4. AstraZeneca PLC
• 17.5. Baxter International Inc
• 17.6. Bayer AG
• 17.7. Becton Dickinson and Company
• 17.8. BioMarin Pharmaceutical Inc
• 17.9. Boehringer Ingelheim International GmbH
• 17.10. Boston Scientific Corporation
• 17.11. Bristol Myers Squibb Company
• 17.12. Eli Lilly and Company
• 17.13. Evonik Industries AG
• 17.14. F Hoffmann-La Roche Ltd
• 17.15. Gilead Sciences Inc
• 17.16. GlaxoSmithKline PLC
• 17.17. Johnson & Johnson Services, Inc
• 17.18. Lupin Ltd
• 17.19. Medtronic PLC
• 17.20. Merck & Co Inc
• 17.21. Novartis AG
• 17.22. Novo Nordisk AS
• 17.23. Pfizer Inc
• 17.24. Sanofi SA
• 17.25. Sun Pharmaceutical Industries Ltd
• 17.26. Teva Pharmaceutical Industries Ltd
• 17.27. UCB SA
• 17.28. West Pharmaceutical Services Inc