Global Drug – Device Combination Market Size, Growth, Status and Forecast By Becton Dickinson and Company, Johnson & Johnson, Novartis AG, Bayer AG, Baxter International & Others

Global Drug–Device Combination Market is expected to grow at 7.5% CAGR in the forecast period of 2018-2025 to an estimated value of USD 188.2 billion by the end of the year 2025, from its initial base value of USD 105.4 billion in the base year of 2017.

Drug-device combination market report all-inclusively estimates general market conditions, the growth prospects in the market, possible restrictions, significant industry trends, market size, market share, sales volume and future trends. Analysis of major challenges faced currently by the business and the possible future challenges that the business may have to face while operating in this market are also taken into account. This drug-device combination market research report encompasses a comprehensive study of the product specifications, revenue, cost, price, gross capacity and production. Acquiring valuable market insights with the new skills, latest tools and innovative programs is sure to help your business achieve business goals.

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Some of the major players operating in global drug-device combination market includes Abbott Laboratories, Medtronic, Smith & Nephew plc, Boston Scientific Corporation, GlaxoSmithKline plc, Becton Dickinson and Company, Johnson & Johnson, Novartis AG, Bayer AG, Baxter International Inc., Allergan, Bausch & Lomb Incorporated, Stryker, 3M, W.L. Gore & Associates, Inc., Biomet Inc., C.R. Bard Inc., Terumo Corporation, Pinnacle Biologics Inc., Mylan N.V., Medline Industries Inc.,

Key Developments in the Market:

Propeller Health, received US FDA’s clearance, in November 2016 to market its Propeller platform in combination with GlaxoSmithKline’s Ellipta inhaler. Collaboration between Propeller and GlaxoSmithKline in December 2015 produced the sensor for Ellipta which was researched and developed by both the companies’.
US FDA established the Combination Products Policy Council (CPPC) in 2016, helping to modernize the review process and improve the communication between agency centers. The council formed also helps in resolving the disagreements amongst the parties, related to any approval or clearances and sponsorship/activities.

Competitive Analysis:

The global drug–device combination market has major players who have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of drug- device combination market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Market Drivers and Restraints:

Growth in the demand of higher efficiency products
Better results ratio and efficient diagnosis
Major growth opportunities in US because of their favourable healthcare reforms
Pre-planning and strategizing in the manufacturing of these products
Developing economic regions of Asia-Pacific zone hindering the overall CAGR

Market Segmentation: Global Drug – Device Combination Market

The Global Drug–device Combination Products Market is segmented based on a number of segments namely Product, Application, End-Users and Geography.
Based on Product, it is segmented into Infusion Pumps, Orthopedic Combination Products, Photodynamic Therapy Devices, Transdermal Patches, Drug Eluting Stents, Wound Care Products, Inhalers, and Antimicrobial Catheters. Out of these Infusion Pumps is further segmented Volumetric, Disposables, Syringes, Ambulatory, Implantables, and Insulin. Orthopedic Combination Products is also further segmented into Bone Graft Implants and Antibiotic Bone Cement. Drug Eluting Stents is also further categorized into Coronary Stents and Peripheral Vascular Stents. Inhalers are further segmented into Dry Powder, Nebulizers and Metered Dose, with Nebulizers being categorized into Ultrasonic, Compressor and Mesh.
Based on Application, it is categorized into cardiovascular diseases, Diabetes, and Respiratory diseases. Out of these, respiratory segment is accounted for the largest growth in the year 2018.
Based on End-User, it is segmented into hospitals & clinics, emergency service centers ambulatory surgical centers and home care settings. Out of these, hospitals & clinics segment is accounted for the largest growth in the year 2018.
Based on Geography, North America (US, Canada) led the way holding a major share of the market followed by Europe (U.K., Germany, Italy, Spain, France, Netherlands, Switzerland, Russia). Though, in the coming years Asia-Pacific (Japan, China, India, Australia, Singapore, South Korea) region is expected to grow leaps and bounds in the forecast period of 2018 to 2025. The report also includes the regional segmentation of South America (Mexico, Brazil) and Middle East & Africa (South Africa, Turkey, Gulf Cooperation Countries).

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