Press release
Drug Device Combination Global Market Size, Share, Growth, Trends, By Product Type, By Application, By End User, By Regional Forecast 2023-2032 | The 3M Company, Abbott Laboratories, Biotronik, Bard Inc., Medtronic PLC.
Drug-Device Combination Market Size, Growth Rate, And Forecast
The global drug-device combination market size is expected to grow from $4.34 billion in 2022 to $4.78 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The drug-device combination market size is expected to grow to $6.89 billion in 2027 at a CAGR of 9.6%.
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Drug-Device Combination Market Drivers
The increasing prevalence of chronic diseases is anticipated to drive the drug-device combination market. Chronic disease refers to a type of disease that persists for a year or longer, impedes everyday activities, necessitate continuing medical care, or both. Chronic disease includes heart disease, diabetes, and so on.
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Drug-Device Combination Market Segments
• By Product: Auto-Injector, Microneedle Patch, Digital Pill, Smart Inhaler, Drug Delivery Hydrogels, Drug-Eluting Lens, Other Products
• By Application: Orthopedic Diseases, Respiratory Diseases, Diabetes, Oncology, Cardiovascular Diseases, Other Applications
• By End User: Clinics, Hospitals, Home Care Settings, Ambulatory Care Centers, Other End Users
• By Distribution Channel: Direct Tender, Retails Sales, Other Distribution Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the drug-device combination market.
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Drug-Device Combination Market Key Players
Major competitors in the drug-device combination market include are the 3M Company, Abbott Laboratories, Biotronik, Boston Scientific Corporation, C.R. Bard Inc., Medtronic PLC., Amgen Inc., Ypsomed, Micron Biomedical Inc., MetP Pharma AG, Sonceboz, Propeller Health B.D., Lepu Medical Technology, Eitan Medical Ltd., Vaxess Technologies Inc., and Subcuject Aps.
The Business Research Company's "Global Drug-Device Combination Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Drug-Device Combination Market Include:
1. Executive Summary
2. Drug Device Combination Market Characteristics
3. Drug Device Combination Market Trends And Strategies
4. Drug Device Combination Market - Macro Economic Scenario
5. Drug Device Combination Market Size And Growth
.....
26. Africa Drug Device Combination Market
27. Drug Device Combination Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Drug Device Combination Market
29. Drug Device Combination Market Future Outlook and Potential Analysis
30. Appendix
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