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Comprehensive 2025 Drug Device Combination Market Overview: Trends, Forecasts, and Growth Drivers
Drug Device Combination Market
What Is the Expected CAGR for the Drug Device Combination Market Through 2025?
In recent times, there has been a swift expansion in the size of the drug device combination market. It is projected to escalate from $131.01 billion in 2024 to $145.29 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. The historic period growth can be credited to factors such as advancing medical innovation, a surge in chronic diseases, patient-oriented methodologies, progress in biologics, the complications intrinsic to monotherapy, and clinical demands.
What's the Projected Size of the Global Drug Device Combination Market by 2029?
The market size of the drug device combination is projected to experience swift expansion in the coming years, reaching a value of $227.94 billion in 2029 with an 11.9% compound annual growth rate (CAGR). Factors contributing to this forecasted growth include an increase in patient participation and empowerment, the digitization of healthcare, global market growth, the introduction of innovative therapies, and value-based healthcare. A few key trends expected to shape the forecast period are advancements in therapy, management of complex diseases, a focus on patient-centric care, technological breakthroughs, and regulatory backing.
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Top Growth Drivers in the Drug Device Combination Industry: What's Accelerating the Market?
The surge in chronic diseases is expected to propel the growth of the drug-device combination market. Chronic illnesses are those that last for a year or more, interfering with daily activities and requiring ongoing medical care. These include conditions like heart disease and diabetes. Drug-device combinations are therapeutic and diagnostic products that effectively treat those suffering from chronic diseases. For example, the World Health Organization, a specialized entity of the United Nations for international public health, stated in a 2022 report that over 420 million people worldwide were affected by diabetes. This figure is projected to rise to 578 million by 2030 and 700 million by 2045. Therefore, the escalating prevalence of chronic diseases is fueling the expansion of the drug-device combination market.
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What Trends Will Shape the Drug Device Combination Market Through 2029 and Beyond?
Key players in the drug combination device industry like GSK, a pharmaceutical and biotech company based in the UK, are introducing innovative products such as Trelegy Ellipta to maintain their market standing. April 2022 marked the launch of their compact and transportable device, Trelegy Ellipta, a groundbreaking single-inhaler triple therapy that ensures the accurate dosage of medication is delivered to the lungs. Primarily used for the treatment of chronic obstructive pulmonary disease (COPD) and asthma, these ellipta inhalers have the capacity to house three different types of drugs in foil packaging for combination therapy. Containing three active ingredients, namely fluticasone furoate, umeclidinium, and vilanterol, Trelegy Ellipta epitomizes the drug combination device, improving patient treatment for respiratory issues with its integrated delivery method.
What Are the Main Segments in the Drug Device Combination Market?
The drug device combination market covered in this report is segmented -
1) By Product: Auto-Injector, Microneedle Patch, Digital Pill, Smart Inhaler, Drug Delivery Hydrogels, Drug-Eluting Lens, Other Products
2) By Distribution Channel: Direct Tender, Retails Sales, Other Distribution Channels
3) By Application: Orthopedic Diseases, Respiratory Diseases, Diabetes, Oncology, Cardiovascular Diseases, Other Applications
4) By End User: Clinics, Hospitals, Home Care Settings, Ambulatory Care Centers, Other End Users
Subsegments:
1) By Auto-Injector: Pre-Filled Auto-Injectors, Reusable Auto-Injectors
2) By Microneedle Patch: Dissolving Microneedle Patches, Coated Microneedle Patches
3) By Digital Pill: Ingestible Sensors, Smart Capsules
4) By Smart Inhaler: Metered-Dose Inhalers (MDIs), Dry Powder Inhalers (DPIs)
5) By Drug Delivery Hydrogels: Injectable Hydrogels, Topical Hydrogels
6) By Drug-Eluting Lens: Contact Lenses, Intraocular Lenses
7) By Other Products: Transdermal Patches, Implantable Drug Delivery Systems
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Which Top Companies are Driving Growth in the Drug Device Combination Market?
Major companies operating in the drug device combination market are The 3M Company, Abbott India Ltd., Biotronik SE & Co. KG, Boston Scientific Corporation, Medtronic PLC, Ypsomed Holding AG, Micron Biomedical Inc., MetP Pharma AG, Sonceboz SA, Lepu Medical Technology (Beijing) Co. Ltd., Eitan Medical Ltd., Vaxess Technologies Inc., Subcuject Aps, Allergan PLC, Terumo Corporation, Stryker Corporation, Becton Dickinson and Company, Zimmer Biomet Holdings Inc., MediPrint Ophthalmics, Arrow International Inc., Alcon Inc., W. L. Gore & Associates Inc., Cook Medical LLC, Pinnacle Biologics Inc.
Which Regions Will Dominate the Drug Device Combination Market Through 2029?
North America was the largest region in the drug-device combination market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drug device combination market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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