Press release
Drug Device Combination Products Market Share, Trends, Growth, Opportunities and Forecast 2027
According to the latest report by IMARC Group, titled "Drug Device Combination Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global drug device combination products market reached a value of US$ 132.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 214.53 Billion by 2027, exhibiting at a CAGR of 8.27% during 2022-2027.competitive landscape.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Download free sample of the report: https://www.imarcgroup.com/drug-device-combination-products-market/requestsample
Drug Device Combination Products Market Industry Definition and Application:
Drug device combination products include medical devices and pharmaceutical ingredients that help deliver the drug to a preferred location in the patient's body. They comprise drug-eluting stents, infusion pumps, inhalers, transdermal delivery systems, and prefilled syringes. They have minimal side effects and offer advantages like controlled drug administration and improved patient compliance.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Drug Device Combination Products Market Trends and Drivers:
The growing prevalence of chronic diseases, such as asthma, cancer, diabetes, and cardiovascular disorders, represents one of the key factors driving the market. Moreover, rising preferences for smart and precision drug delivery systems, which minimize the amount of drug required for therapeutic efficacy, are driving the demand for drug device combination products across the globe. Besides this, several market players are introducing advanced technologies for tracking and monitoring different products. They are also expending on extensive research and development (R&D) activities to develop next-generation products with high viscosity and formulations. Furthermore, the growing popularity of minimally invasive surgery (MIS) and portable devices like nebulizers and inhalers are other growth-inducing factors positively influencing the market.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/drug-device-combination-products-market
Drug Device Combination Products Market Segmentation:
The report has segmented the market on the basis on region, product, application, end user.
Breakup by Product:
Drug Eluting Stents
Transdermal Patches
Infusion Pumps
Drug Eluting Balloon
Inhalers
Others
Breakup by Application:
Cardiovascular
Diabetes
Cancer Treatment
Respiratory Diseases
Others
Breakup by End User:
Hospitals
Ambulatory Surgical Centers
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Who are the Major Drug Device Combination Products Market Key players?
Abbott Laboratories, Baxter International Inc., Bayer AG, Becton Dickinson and Company, Boston Scientific Corporation, GlaxoSmithKline plc, Johnson & Johnson, Medtronic plc, Novartis AG, Smith & Nephew plc, Stryker Corporation and Terumo Corporation.
Related Reports by IMARC Group:
Europe Organ Preservation Market Report: https://www.imarcgroup.com/europe-organ-preservation-market
Latin America Generic Injectables Market Report: https://www.imarcgroup.com/latin-america-generic-injectables-market
Drug Abuse Testing Market Report: https://www.imarcgroup.com/drug-abuse-testing-market
Protein Purification and Isolation Market Report: https://www.imarcgroup.com/protein-purification-isolation-market
Recombinant DNA Technology Market Report: https://www.imarcgroup.com/recombinant-dna-technology-market
United States Insulin Pumps Market Report: https://www.imarcgroup.com/united-states-insulin-pumps-market
Biosurgery Market Report: https://www.imarcgroup.com/biosurgery-market
Pen Needles Market Report: https://www.imarcgroup.com/pen-needles-market
IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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