Drug-Device Combination Products Market Analysis Focusing on Top Key Players - Abbott Laboratories, Medtronic plc, Smith & Nephew plc, Boston Scientific Corporation, GlaxoSmithKline plc.
Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/667?utm_source=openpr&utm_medium=Niranjan
The drug-device combination products are defined as a medical device and a pharmaceutical drug that is used in combination for the treatment of various chronic disorders. The medical device is used to deliver the drug at the site of action in a patient's body. The active pharmaceutical ingredient is mostly mixed chemically or physically, and the resulting solution is used. These combination products are used to treat as well as diagnose clinical conditions.
Increase in an incidence rate of chronic diseases, such as diabetes mellitus, cancer, wounds, and respiratory problems, and rise in global geriatric population are expected to fuel the growth of the global drug-device combination products market. In addition, innovation in combination products such as the introduction of prefilled syringes and transdermal patch drive the market growth. Moreover, the development of cost-effective combination devices and rise in awareness among patients regarding home healthcare products are expected to boost market growth.
However, unnoticed complications by the use of these devices and stringent governmental regulations hamper market growth. Conversely, the high market potential in the untapped emerging economies and rise in healthcare infrastructure are expected to provide potential growth opportunities during the forecast period.
Purchase Inquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/667?utm_source=openpr&utm_medium=Niranjan
Among the products, the transdermal delivery systems segment generated the highest revenue in the global market, owing to the ability of these devices to help heal various disorders. Also, these systems exhibit a vast area of applications, which in turn boosts the market growth. The prefilled syringes segment is projected to grow at the highest CAGR. Prefilled syringes are used to deliver medications with improved accuracy, affordability, efficacy, convenience, sterility, safety, and accessibility, which boosts the market growth during the forecast period.
By application, the antimicrobial applications segment is projected to grow with the highest CAGR, due to rise in prevalence of chronic wounds such as diabetic foot ulcers, which in turn increases the demand for effective wound dressings. Considering applications, the respiratory problems segment holds the major share in the market, due to high availability and adoption of inhalers and nebulizers.
Based on the end-user segment, hospital & clinic occupied a major share of the market, as they provide better diagnosis and treatment of chronic disorders. The ambulatory surgical center segment is expected to exhibit high growth rate during the forecast period.
Key findings of the Drug-Device Combination Products Market:
In the year 2017, the inhalers segment generated one of the highest revenue.
In the application segment, the cardiovascular disorder segment is projected to grow at a high CAGR.
Europe accounted for around one-third share of the global market in 2017.
LAMEA is expected to grow at a high CAGR from 2018 to 2025.
North America accounted for a major share in the global drug-device combination products in 2017 and is expected to maintain this trend throughout the forecast period. This is attributed to the rise in prevalence of chronic disorders, increase in awareness among patients about cost-effective combination devices, and availability of advanced healthcare facilities in the North American countries.
However, Asia-Pacific is expected to grow at the fastest rate, owing to numerous growth opportunities in terms of unmet medical needs for the treatment of burns & surgical wounds and surge in prevalence of chronic diseases such as diabetes mellitus.
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Drug-Device Combination Products Market Analysis Focusing on Top Key Players - Abbott Laboratories, Medtronic plc, Smith & Nephew plc, Boston Scientific Corporation, GlaxoSmithKline plc. here
News-ID: 1709826 • Views: 202
More Releases from Allied Market Research
Epigenetics Market Share Analysis, Advancement and Precise Outlook – 2023
According to the report, the global epigenetics market was valued at $630 million in 2017 and is expected to reach $1,321 million by 2023, registering a CAGR of 13.1% during the forecast period. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/846 Epigenetics is an area of developmental biology that involves the study of cellular and physiological trait variations initiated by external or ecological aspects. This external stimulus swipe genes on and off and affect
Postpartum Hemorrhage (PPH) Devices Market Top-Companies, Future-Growth, Regiona …
The factors that are expected to drive the growth of the PPH market are: increasing incidence of pregnancy related complications, such as multiple pregnancies, inverted uterus, and large baby size; increasing risk factors which cause PPH, such as uterine atony, trauma, retained placenta, and bleeding disorders; and technological advancements in the recently approved devices. However, the lack of trained professionals and healthcare services in developing countries hamper the market growth. Post-partum
Shipping Containers Market Share, Generating Revenue Of $12.08 Billion By 2027 | …
Allied Market Research recently published a report, “Shipping Container Market by Container Size (Small Container (20 feet), Large Container (40 feet), and High Cube Container (40 feet)), Product Type (Dry Storage Container, Flat Rack Container, Refrigerated Container, Special Purpose Container, and Others),and End Use (Food & Beverages, Consumer Goods, Healthcare, Industrial Products, Vehicle Transport, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027″. According to the report, the global shipping
Medical Imaging Reagents Market Global Growth, Current Scenario Technology Trend …
Medical imaging reagents are chemicals that improve the image developed through imaging devices. With the use of these reagents, doctors can detect the presence of a tumor and assess if it is benign or malignant, and can trace any cancerous spot in the body. The enhancement of medical imaging reagent includes synthesizing it to target a biological process. The imaging systems are then attuned to these enhancements to counteract the
More Releases for Product
PRODUCT DESIGN AND ARCHITECTURE
The process of product design begins at the inception of a product. A designer typically starts by; Conceptualising Prototyping Testing Manufacturing Releasing the product into the market for public consumption or utility What makes a great product? A great product is not always one that is envisioned. But, one that is brought about by necessity. Good product design relies on a problem-solving approach to improve the quality of life of the consumer.
We are proud to give you an update of our products and services: News1: We added our newest LED light fittings to our webshop. You can oder through the webshop or you can use your shopping cart as an inquiry form - whatever is best for you. This is the direct link to the webshop page of the LED luminaires: https://www.quintex.eu/catalog/ex-material/led-light-fightings/ News 2: For all developers of Ex d devices: we put our
Product News: Release of Product Update
Here’s some important product news for EXA40/EXA24160 and EXA48600/EXA32100. The last software versions include several new features that improve our solutions further. Our latest product update is part of our ongoing effort to offer better and improved products to meet the needs of the changing network infrastructure. EXA40/EXA24160 Version 1.6.2 Generic Header Stripping By now the EXA40/EXA24160 supports a generic header stripping function. This function allows removing encapsulations by defining an offset (in
Intravenous Product Packaging Market -
Global healthcare sector continues to develop at an impressive rate. As a result, packaging marketplace is undergoing huge changes with specialized focus on offering innovative packaging tools/products to pharmaceutical industry. One such core product that offers lucrative market opportunities for packaging companies is intravenous products. Download PDF Brochure For Future Advancements@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14075 Intravenous product such as catheters and IV fluid bags are mainly used to prevent and treat various chronic illness
Global Trauma Product Industry
Global Trauma Product Industry Market Insights: The Global Trauma Products market is expected to grow at a CAGR of 7.2% during 2017-2022. The products that are used for the physical injuries and wounds caused by the external sources are known as trauma products. Traumatic injuries sometimes lead to long term complications such as long-term disability, chronic pain and infections and so on. It includes the injuries causing severe damage to the body
Pyraclostrobin: Global Product Intelligence
ReportsWorldwide has announced the addition of a new report title Pyraclostrobin: Global Product Intelligence (2015-2020) to its growing collection of premium market research reports. The report “Pyraclostrobin: Global Product Intelligence” provides market intelligence on the different market segments, based on type, application, and geography. Market size and forecast (2011-2020) has been provided in the report. The primary objectives of this report The report “Pyraclostrobin: Global Product Intelligence (2015-2020)” provides