Market Analysis and Insights: Global Drug-Device Combination Market
Drug-device combination market is analysed by Data Bridge Market Research, wherein we have accounted for the market to witness a potential growth rate of 7.43% in the forecasted period of 2020 to 2027, resulting in the market reaching a cap of USD 198.57 billion by the end of the forecasted period. Increasing growth witnessed across the chronic disease prevalence which have been caused due to the rising volume of geriatric population, these trends are acting as the major driving factors for the drug-device combination market in the above-mentioned forecasted period of 2020 to 2027.
Drug-device combination are described as the medical devices that provide a combination of drug and medical devices to provide advanced therapeutic, diagnostic and other forms of healthcare services in a more effective manner. These combination products enable greater safety, recovery period, and successful rate caused by the added advantage of drug and device combination.
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Global Drug-Device Combination Market Scope and Market Size
Global Drug-Device Combination market is segmented on the basis of product, application and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on product, the drug-device combination market is segmented into infusion pumps, orthopedic combination products, photodynamic therapy devices, transdermal patches, drug eluting balloon, drug eluting stents, drug eluting beads, antibiotic-loaded bone cements, glass ionomer cements, nebulizer, inhaler, bone graft substitutes, antibacterial-releasing dental restorative materials, wound care products, prefilled syringe, antimicrobial catheters and others. Infusion pumps segment is further sub-segmented into implantable, insulin, patient-controlled analgesia pump, volumetric, disposables, syringes and ambulatory. Transdermal patches segment is further sub-segmented into passive and active systems. Drug eluting balloon segment is further sub-segmented into coronary drug-eluting balloon and peripheral drug-eluting balloon. Drug eluting stents segment is sub-segmented into coronary drug eluting stents and peripheral drug eluting stents. Nebulizer segment is sub-segmented into ultrasonic, compressor and mesh. Inhaler segment is further sub-segmented into drug powder inhaler (DPI), metered dose inhaler (MDI) and soft mist inhaler (SMI). Prefilled syringe segment is further sub-segmented into single-chamber prefilled syringe, dual-chamber prefilled syringe and customized prefilled syringe. Antimicrobial catheters segment is sub-segmented into urological, cardiovascular and other.
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Drug-Device Combination Market Country Level Analysis
Drug-device combination market is analysed and market size insights and trends are provided by country, product, application and end users as referenced above.
The countries covered in drug-device combination market report are U.S., Canada and Mexico in North America, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Brazil, Argentina and Rest of South America as part of South America South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa (MEA) as a part of Middle East and Africa (MEA).
North America was the largest shareholder for drug-device combination market backed by the availability of favourable reimbursement policies, advanced healthcare infrastructure availability, as well as the growth of patient awareness regarding the benefits of using these medical products. Asia-Pacific will witness growth at the highest rate as the need for improving the existing healthcare services and improvements in disposable income resulting in enhanced affordability of these combination products for the population existing in the region.
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Healthcare Infrastructure growth Installed base and New Technology Penetration
Drug-device combination market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for drug-device combination market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the drug-device combination market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Drug-Device Combination Market Share Analysis
Drug-device combination market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to drug-device combination market.
The major players covered in the drug-device combination market report are Medtronic, Sanofi, Smith & Nephew, Boston Scientific Corporation, BD, Johnson & Johnson Services, Inc., Baxter, Bausch Health, Stryker, 3M, W. L. Gore & Associates, Inc., Terumo Corporation, Pinnacle Biologics, Inc., Cook, Zimmer Biomet, Teleflex Incorporated among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), South America and Middle East and Africa (MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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