Press release
Drug Device Combination Market worth USD 163.42 billion by 2023 With CAGR 7.81% | Top Key Players | Medtronic, C.R. Bard, Abbott, Boston Scientific Corporation, Teleflex Incorporated and Clariant.
Drug Device Combination Market
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Competitive Insights
The leading players in the market are Medtronic, C.R. Bard, Abbott, Boston Scientific Corporation, Teleflex Incorporated and Clariant. The worldwide drug device combination market is portrayed by the nearness of few industry members concentrating on R&D to provide effective and application specific products with a specific end goal to fulfil the changing needs of consumers.
Industry Trend Outlook -
The Drug Device Combination Market was worth USD 83.05 billion in 2014 and is expected to reach approximately USD 163.42 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.81% during the forecast period. Drug device combination products are gadgets which comprises restorative gadget alongside the pharmaceutical fixing that conveys the medication to wanted area in the patient's body. These mix items have developed as imaginative therapeutic gadgets inferable from the commitment in propelling restorative care and are in this manner anticipated that would have significant effect in the coming years. Medication gadget blend items incorporate inhalers, sedate eluting stents, and wound care items among others. The focal points offered by tranquilize gadget mix items incorporate negligible symptoms, controlled medication organization, enhanced patient consistence, and focused on sedate conveyance. Attributable to its extensive variety of focal points and expanded refinement, these gadgets have been generally received over the restorative business.
Drivers & Restrains
The development of worldwide drug device combination market is ascribed to the developing occurrence of constant maladies, for example, prostate growth, cardiovascular ailments, colorectal malignancy, diabetic neuropathy; expanding concerns identified with heftiness and diabetes; and developing geriatric populace. Moreover, a few government activities and CSR exercises led by driving players is relied upon to support the development of drug device combination market.
For example, government and NGO activities are advancing medication conveyance embeds in various areas is impelling the development of the market. In addition, expanding notoriety of insignificantly obtrusive medical procedures and versatile gadgets, for example, nebulizers and inhalers are few of the prime variables in charge of the market development.
On the other hand, a few item review and related intricacy are probably going to upset the market to certain degree. Also, stringent government controls of negligibly obtrusive drug device combination confines the market development.
Market Segmentation
By Product:
Infusion Pumps
Orthopedic Combination Products
Photodynamic Therapy Devices
Transdermal Patches
Drug Eluting Stents
Wound Care Products
Inhalers
Antimicrobial Catheters
Other Products
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Drug Device Combination Market, By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Regional Outlook and Trend Analysis
North America is expected to witness considerable growth during the forecast period. This can be ascribed to broad new item improvement exercises led by conspicuous players over this area. Rising interminable ailment trouble in this locale is accepted to be one of the key potential development factors in charge of high clinical earnestness to join these items. This is accepted to add to North America's sizeable offer.
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Major Table of Contents:
1. Introduction
2. Executive Summary
3. Market Overview
4. Market Analysis by Regions
5. Drug Device Combination Market, By Product
5.1. Introduction
5.2. Global Drug Device Combination Sales, Revenue and Market Share by Product (2014-2018)
5.2.1. Global Drug Device Combination Sales and Sales Share by Product (2014-2018)
5.2.2. Global Drug Device Combination Revenue and Revenue Share by Product (2014-2018)
5.3. Infusion Pumps
5.3.1. Global Infusion Pumps Sales and Growth Rate (2014-2018)
5.4. Orthopedic Combination Products
5.4.1. Global Orthopedic Combination Products Sales and Growth Rate (2014-2018)
5.5. Photodynamic Therapy Devices
5.5.1. Global Photodynamic Therapy Devices Sales and Growth Rate (2014-2018)
5.6. Transdermal Patches
5.6.1. Global Transdermal Patches Sales and Growth Rate (2014-2018)
5.7. Drug Eluting Stents
5.7.1. Global Drug Eluting Stents Sales and Growth Rate (2014-2018)
5.8. Wound Care Products
5.8.1. Global Wound Care Products Sales and Growth Rate (2014-2018)
5.9. Inhalers
5.9.1. Global Inhalers Sales and Growth Rate (2014-2018)
5.10. Antimicrobial Catheters
5.10.1. Global Antimicrobial Catheters Sales and Growth Rate (2014-2018)
5.11. Other Products
5.11.1. Global Other Products Sales and Growth Rate (2014-2018)
...CONTINUED FOR TOC
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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