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Driving Factors For Implantable Drug Delivery Devices: Strategic Insights Driving Implantable Drug Delivery Devices Market Momentum in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Implantable Drug Delivery Devices Market Size By 2025?
In recent years, the market for implantable drug delivery devices has experienced robust growth. The market is projected to increase from $20.65 billion in 2024 to $21.94 billion in 2025, marking a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this previous growth include an aging population, higher incidence of chronic diseases, greater consumer awareness, an increased emphasis on preventive healthcare, and a rising demand for individualized medicine.
How Big Is the Implantable Drug Delivery Devices Market Size Expected to Grow by 2029?
Expectations are high for substantial growth in the market for implantable drug delivery devices in the coming years. It's projected to reach $30.8 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. The predicted growth can be attributed to factors such as personalized drug delivery, an increase in the demand for minimally invasive surgeries, and a rise in health care spending. Additionally, global healthcare expansion, regenerative medicine, and genomic medicine contribute to this growth. Technological innovations, advancements in biotechnology, the development of micro-implants, automated dosage adjustment through AI, integration of telemedicine, the use of advanced biocompatible materials, and progress in drug delivery technology are key trends expected in this timeframe.
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Which Key Market Drivers Powering Implantable Drug Delivery Devices Market Expansion and Growth?
The implantable drug delivery devices market is likely to be boosted by a surge in cases of target diseases such as diabetic retinopathy, cancer, cardiovascular and other chronic diseases. For example, reported TB cases, as tracked by the US-based government agency, Centers for Disease Control and Prevention, saw a rise from 8,320 in 2022 to 9,615 in 2023, a spike of 1,295 cases or 16%, during March 2024. This has led to an upswing in the market, as the unique attribute of implantable drug devices to administer drugs to specific disease sites aids in treating these diseases more effectively.
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Which Emerging Trends Are Transforming the Implantable Drug Delivery Devices Market in 2025?
The emphasis for corporations and scholars is currently on developing 3D printed materials that can be used in implantable drug delivery devices. These are unique materials utilized in additive manufacturing techniques like 3D printing to devise precise, tailor-made drug delivery systems. For example, a 2022 study published by the National Center for Biotechnology Information (NCBI) suggests that combining 3D-printed implants with biodegradable rate-controlling membranes could create devices capable of continuous delivery of hydrophobic drugs.
What Are the Emerging Segments in the Implantable Drug Delivery Devices Market?
The implantable drug delivery devices market covered in this report is segmented -
1) By Product: Contraceptive Implants, Spinal Implants, Brachytherapy Seeds, Drug-Eluting Stents, Bio-absorbable Stents, Intraocular Stents, Infusion Pumps, Other Applications
2) By Technology: Diffusion, Osmotic, Magnetic, Other Technologies
3) By Application: Contraception, Ophthalmology, Cardiovascular, Diabetes, Oncology, Autoimmune Diseases, Other Applications
Subsegments:
1) By Contraceptive Implants: Hormonal Contraceptive Implants, Non-hormonal Contraceptive Implants
2) By Spinal Implants: Biodegradable Spinal Implants, Non-biodegradable Spinal Implants
3) By Brachytherapy Seeds: Iodine-125 Seeds, Palladium-103 Seeds, Cesium-131 Seeds, Other Brachytherapy Seeds
4) By Drug-Eluting Stents: Coronary Drug-Eluting Stents, Peripheral Drug-Eluting Stents
5) By Bio-absorbable Stents: Polymer-based Bio-absorbable Stents, Metal-based Bio-absorbable Stents
6) By Intraocular Stents: Glaucoma Intraocular Stents, Cataract Surgery Intraocular Stents
7) By Infusion Pumps: Insulin Pumps, Chemotherapy Infusion Pumps, Pain Management Infusion Pumps, Other Infusion Pumps
8) By Other Applications: Implantable Reservoirs, Implantable Micro-pumps, Implantable Drug Elution Devices
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Who Are the Global Leaders in the Implantable Drug Delivery Devices Market?
Major companies operating in the implantable drug delivery devices market include AbbVie Inc., Bayer HealthCare, Medtronic Inc., Nucletron, Boston Scientific Corporation, Abbott Laboratories, Bausch and Lomb Inc., Merck & Co. Inc., Genentech Inc, EyePoint Pharmaceuticals Inc., DSM Biomedical, Delpor Inc., Teleflex Incorporated, 3M Company, Biotronik Inc., Alcon Inc., Terumo Corporation, Endologix Inc., TransEnterix Inc., China Grand Pharmaceutical and Healthcare Holdings, Innocoll Biotherapeutics, Atossa Therapeutics Inc., Intersect ENT, Microchips Biotech, Theradaptive Inc., CollPlant, Intarcia Therapeutics, Glaukos Corporation
Which are the Top Profitable Regional Markets for the Implantable Drug Delivery Devices Industry?
North America was the largest region in the implantable drug delivery devices market in 2024. Asia-Pacific was the second-largest region in the implantable drug delivery devices market report. The regions covered in the implantable drug delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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