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Drug Device Combination Market Analysis, Leading Trends And Global Forecast 2023 To 2032 | Abbott Laboratories, Biotronik, C.R. Bard Inc., Medtronic PLC., Amgen Inc.
Drug Device Combination Market Research
The Business Research Company's Drug Device Combination Global Market Report 2023 identifies increasing prevalence of chronic diseases as the major driver for the Drug Device Combination market's growth in the forecast period. 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. Drug device combinations are therapeutic and diagnostic products that lead to effective treatment of people suffering from chronic diseases.
The global drug-device combination market size is expected to grow from $108.43 billion in 2022 to $121.17 billion in 2023 at a compound annual growth rate (CAGR) of 11.75%. 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 is expected to grow to $179.10 billion in 2027 at a CAGR of 10.26%.
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Major competitors in the Drug Device Combination market 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.
A key trend in the Drug Device Combination market includes technological advancement. New technologies are being introduced by major corporations in the market that works on self-adjusting plunger stopper detection technology to sustain their position in the market. For instance, in September 2021, Owen Mumford, a UK-based medical device manufacturing company, launched the Aidaptus auto-injector platform. Aidaptus is a two-stage, spring-powered, single-use auto-injector with a base unit that can hold both prefilled glass syringes measuring 1.25 ml and 2.25 ml.
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The Drug Device Combination market is segmented -
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.
The Business Research Company's "Global Drug Device Combination Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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