Global Drug - Device Combination Market Key Trends 2020: By Bayer AG, Baxter International Inc., Allergan, Bausch & Lomb Incorporated, Stryker, 3M, W.L. Gore & Associates, Inc.

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 research report draws attention to key market dynamics of the sector. A comprehensive discussion about numerous market related topics in the report is sure to assist the client in studying the market on competitive landscape. This market report describes the strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the healthcare industry. The research and analysis carried out in this drug-device combination report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product.

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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: 

By Product
(Infusion Pumps, Orthopedic Combination Products, Photodynamic Therapy Devices, Transdermal Patches, Drug Eluting Stents, Wound Care Products, Inhalers, Antimicrobial Catheters),

Application
(Cardio-Vascular Diseases, Diabetes, Respiratory Diseases),

End-Users
(Hospitals, Clinics, Medical Laboratories, Home-Care),

Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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