Drug Device Combination Products Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Products (Drug Eluting Stents, Transdermal Patches, Infusion Pumps, Drug Eluting Balloon, Inhalers, Others), By Application (Cardiovascular, Diabetes, Cancer Treatment, Respiratory Diseases, Others), By End User (Hospitals, Ambulatory Surgical Centers, Others), By Region, By Competition, 2019-2029F

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 110.15 Billion

Market Size (2029)

USD 180.44 Billion

CAGR (2024-2029)

8.74%

Fastest Growing Segment

Transdermal Patches

Largest Market

North America

Market Overview

Global Drug Device Combination Products Market was valued at USD 110.15 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8.74% through 2029. The drug-device combination products market refers to a sector within the pharmaceutical and medical device industries that involves products combining drugs, biologics, or therapeutic substances with medical devices. These products are designed to provide a therapeutic effect or treatment in a more efficient and targeted manner compared to traditional drug delivery methods. Examples of drug-device combination products include drug-eluting stents, inhalers for respiratory medications, insulin pumps, contraceptive patches, and transdermal drug delivery systems. 

Combination products allow for more targeted delivery of drugs, resulting in improved efficacy and reduced side effects. Technological advancements have facilitated the development of more sophisticated and effective combination products, such as nanotechnology for drug delivery and miniaturized devices for implantation. With an aging population worldwide, there is an increasing demand for therapies that can improve patient compliance and provide better outcomes, which combination products can often offer. Many combination products are designed to treat chronic diseases such as diabetes, cardiovascular diseases, and respiratory disorders, addressing the need for long-term therapeutic solutions. 

Key Market Drivers

Advancements in Medical Technology

The rapid advancements in medical technology are poised to catalyze substantial growth in the Global Drug Device Combination Products Market. Integrating pharmaceuticals with cutting-edge devices not only enhances treatment efficacy but also opens new avenues for innovation and market expansion. The synergy of drug-device combinations optimizes therapeutic outcomes, fostering a paradigm shift in patient care. Incorporating state-of-the-art technologies such as smart sensors, connected devices, and advanced materials into combination products facilitates precise drug delivery and real-time monitoring, elevating patient compliance and treatment customization. This convergence not only addresses unmet medical needs but also attracts substantial investments from key stakeholders in the healthcare sector. Moreover, the evolving regulatory landscape is increasingly accommodating these sophisticated products, creating a conducive environment for market penetration. As healthcare providers prioritize personalized and targeted therapies, the demand for innovative drug-device combinations is expected to surge, propelling market growth. 

Increasing Prevalence of Chronic Diseases

The growing prevalence of chronic diseases is set to drive substantial growth in the Global Drug Device Combination Products Market. As chronic conditions become more pervasive worldwide, there is an imperative need for innovative solutions that offer enhanced efficacy, improved patient adherence, and personalized treatment approaches. Drug-device combinations emerge as a pivotal strategy in this scenario, providing a synergistic approach to address complex and chronic medical conditions. These combination products offer a holistic and integrated therapeutic approach by seamlessly integrating pharmaceuticals with advanced medical devices. This integration not only streamlines treatment regimens but also contributes to better disease management and improved patient outcomes. The rising burden of chronic diseases, such as diabetes, cardiovascular disorders, and respiratory conditions, fuels the demand for sophisticated therapeutic solutions that go beyond traditional pharmaceutical interventions.

Furthermore, as healthcare systems strive for cost-effectiveness and improved patient-centric care, drug-device combination products present an attractive value proposition. The market is poised to expand as stakeholders increasingly recognize the potential of these integrated solutions in managing the growing global burden of chronic illnesses, thereby driving innovation, investment, and overall market growth.

Patient-Centric Healthcare Approach

The evolution towards a patient-centric healthcare approach is poised to propel substantial growth in the Global Drug Device Combination Products Market. As healthcare paradigms shift towards personalized and patient-specific treatments, the demand for innovative therapeutic solutions that prioritize individual needs and preferences is escalating. Drug-device combination products, seamlessly integrating pharmaceuticals with advanced medical technologies, exemplify a patient-centric approach by offering tailored and efficient treatment regimens. These integrated products not only enhance treatment adherence but also empower patients with greater control over their health management. The convergence of drugs and devices addresses the complexities of chronic conditions, aligning seamlessly with the trend towards holistic and individualized care. Moreover, as patients increasingly seek more convenient and user-friendly treatment options, the market for drug-device combinations experiences a surge in demand. The emphasis on improving patient experience and outcomes aligns with the value proposition presented by these integrated solutions, thereby driving market expansion.

 

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Key Market Challenges

Regulatory Complexities

The growth of the Global Drug Device Combination Products Market faces a significant hurdle in the form of regulatory complexity. The intricate and evolving regulatory landscape poses challenges for market players in terms of product development, approval, and commercialization. The combination of pharmaceuticals and medical devices necessitates adherence to both drug and device regulatory frameworks, leading to increased complexities and potential delays in the approval process. Navigating the diverse and often nuanced regulatory requirements from health authorities worldwide demands substantial resources and expertise. The intricacies involved in ensuring compliance with standards for safety, efficacy, and quality in both pharmaceutical and medical device domains can create bottlenecks in bringing drug-device combination products to market swiftly. Furthermore, the lack of harmonization in regulatory standards across different regions adds an additional layer of complexity, as companies must tailor their strategies to meet varying requirements. These challenges not only extend the time to market but also escalate development costs, potentially hindering the overall growth potential of the market.

Risk of Product Liability

The Global Drug Device Combination Products Market faces a substantial impediment to growth due to the inherent risk of product liability. The convergence of pharmaceuticals and medical devices in combination products introduces a complex interplay of factors that could lead to unforeseen safety issues, adverse reactions, or device malfunctions. As a result, manufacturers are exposed to heightened product liability concerns, potentially leading to legal ramifications, substantial financial liabilities, and damage to brand reputation.

The intricate nature of these combination products, often involving advanced technologies and intricate formulations, amplifies the challenges associated with ensuring absolute safety and efficacy. In the event of adverse events or unforeseen complications, manufacturers may face legal actions, regulatory scrutiny, and increased insurance costs, all of which can significantly impede market growth.

Additionally, the global nature of the pharmaceutical and medical device markets means that companies must contend with varying regulatory frameworks and legal standards across different regions, further complicating risk management strategies. Mitigating the risk of product liability becomes paramount for industry players to foster confidence among healthcare professionals, regulators, and end-users, and to sustain the long-term growth trajectory of the Drug Device Combination Products Market.

Key Market Trends

Digital Integration and Smart Devices

The growth of the Global Drug Device Combination Products Market is poised to be significantly propelled by digital integration and smart devices. The convergence of pharmaceuticals with advanced technologies, such as smart sensors and digital health platforms, marks a transformative shift in patient care and treatment efficacy. Drug-device combination products embedded with digital capabilities enable real-time monitoring, data collection, and connectivity, fostering a more dynamic and personalized healthcare approach.

Smart devices not only enhance patient adherence through reminders and feedback mechanisms but also provide healthcare professionals with valuable insights into treatment outcomes. The integration of digital technologies enables precise dosing, continuous monitoring, and proactive management of chronic conditions, elevating the overall quality of care. Furthermore, the data generated by these smart devices can contribute to personalized medicine strategies, driving innovation in treatment protocols and improving therapeutic outcomes. As the healthcare landscape increasingly embraces digital solutions, the market for Drug Device Combination Products stands to benefit from the growing demand for connected, intelligent healthcare interventions.

Biologics and Personalized Medicine

Global Drug Device Combination Products Market is set for substantial growth driven by the convergence of biologics and personalized medicine. The synergy of biopharmaceuticals with advanced medical devices forms a powerful alliance in tailoring treatments to individual patient profiles. Biologics, with their complex and targeted therapeutic approaches, are increasingly integrated into combination products to enhance treatment efficacy. Personalized medicine, emphasizing patient-specific treatments based on genetic, biomarker, and lifestyle factors, aligns seamlessly with the capabilities of drug-device combinations. These products enable precise delivery of biologics, ensuring optimal therapeutic outcomes while minimizing adverse effects. The combination of biologics and personalized medicine not only addresses unmet medical needs but also paves the way for innovative, patient-centric solutions. Moreover, as the regulatory landscape accommodates these sophisticated products, the market experiences a surge in interest and investment. The intersection of biologics and personalized medicine not only enhances patient care but also drives innovation and growth in the global market for these integrated therapeutic solutions.

Segmental Insights

Product Insights

Based on the Product, the Transdermal patches segment is anticipated to witness substantial market growth throughout the forecast period. The Global Drug Device Combination Products Market is poised for significant growth propelled by the increasing prominence of transdermal patches. These innovative patches, combining pharmaceuticals with specialized delivery systems, offer a convenient and non-invasive approach to drug administration. The rising demand for patient-friendly alternatives to traditional dosage forms, such as oral medications or injections, positions transdermal patches as a key driver in the market. Transdermal patches provide controlled and sustained drug release, improving treatment adherence and minimizing fluctuations in drug levels. They offer advantages in terms of ease of use, reduced side effects, and enhanced patient comfort. Additionally, the patches cater to the growing preference for self-administration, empowering patients to manage their healthcare more independently. The versatility of transdermal patches in delivering various types of medications, from pain management to hormone therapy, expands their market potential. As healthcare systems worldwide prioritize improved patient outcomes and personalized treatment approaches, the demand for drug-device combinations featuring transdermal patches is expected to surge, driving innovation and growth in the global market for these integrated solutions. The convenience and efficacy offered by transdermal patches position them as a transformative force in shaping the future of drug delivery within the pharmaceutical and medical device sectors.

Application Insights

Based on the Application segment, the Cardiovascular segment dominated the market in 2023. The Global Drug Device Combination Products Market is poised for substantial growth driven by the escalating prevalence of cardiovascular diseases. As heart-related disorders continue to be a leading cause of morbidity and mortality globally, there is an urgent need for innovative therapeutic solutions. Drug-device combination products, seamlessly integrating pharmaceuticals with advanced cardiovascular devices, emerge as a pivotal strategy to address the complexities of cardiovascular conditions. These integrated products offer precision in drug delivery, real-time monitoring, and personalized treatment approaches, optimizing therapeutic outcomes for patients with cardiovascular diseases. The convergence of pharmaceuticals with cutting-edge medical devices not only enhances treatment efficacy but also aligns with the increasing demand for holistic and patient-centric cardiovascular care. Moreover, as healthcare providers and regulatory bodies prioritize solutions that improve patient outcomes and reduce the burden of cardiovascular diseases, the market for drug-device combinations in this sector is expected to experience significant expansion. The strategic integration of drugs and devices in addressing cardiovascular health positions these combination products as vital contributors to the future of cardiovascular care, driving innovation, investment, and overall market growth.

 

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Regional Insights

North America, specifically the Drug Device Combination Products Market, dominated the market in 2023. The region's advanced healthcare infrastructure, robust regulatory framework, and a strong emphasis on innovation create a conducive environment for the development and commercialization of these integrated therapeutic solutions. With a high prevalence of chronic diseases and an aging population, there is an increasing demand for advanced medical technologies that offer personalized and efficient treatment options. The presence of major pharmaceutical and medical device companies, coupled with significant research and development activities, positions North America at the forefront of drug-device combination product innovation. Additionally, the region's healthcare reimbursement systems and insurance coverage contribute to the widespread adoption of these sophisticated products. Furthermore, collaborative efforts between industry stakeholders, academic institutions, and government agencies in North America foster a culture of innovation and propel advancements in drug-device combinations. As the region continues to prioritize patient-centric care and cutting-edge medical technologies, North America is expected to play a central role in steering the growth of the Global Drug Device Combination Products Market, influencing market trends and setting benchmarks for the industry globally.

Recent Development

  • In May 2023, Innoviva Specialty Therapeutics made public the FDA's approval of XACDURO® for intravenous administration in patients aged 18 and older. This approval pertains to the treatment of hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia.
  • In June 2023, Endo launched PREVDUO™, the inaugural Neostigmine-Glycopyrrolate Combination Pre-Filled Syringe authorized by the FDA. Its introduction aimed to enhance efficiency for hospitals and healthcare providers, offering a convenient solution for the treatment process of patients in need of this medication.

Key Market Players

  • Abbott Laboratories Inc.
  • Medtronic plc
  • Boston Scientific Corporation
  • Becton, Dickinson and Company
  • Novartis AG
  • GlaxoSmithKline plc
  • AbbVie Inc. (Allergen, Inc.)
  • W. L. Gore & Associates, Inc.
  • Stryker Corporation
  • Terumo Corporation

 By Products

By Application

By End User

By Region
  • Drug Eluting Stents
  • Transdermal Patches
  • Infusion Pumps
  • Drug Eluting Balloon
  • Inhalers
  • Others
  • Cardiovascular
  • Diabetes
  • Cancer Treatment
  • Respiratory Diseases
  • Others
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Drug Device Combination Products Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Drug Device Combination Products Market, By Products:

o   Drug Eluting Stents

o   Transdermal Patches

o   Infusion Pumps

o   Drug Eluting Balloon

o   Inhalers

o   Others

·         Drug Device Combination Products Market, By Application:

o   Cardiovascular

o   Diabetes

o   Cancer Treatment

o   Respiratory Diseases

o   Others

·         Drug Device Combination Products Market, By End User:

o   Hospitals

o   Ambulatory Surgical Centers

o   Others

·         Drug Device Combination Products Market, By Region:

    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • United Kingdom
      • Italy
      • Germany
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
      • Turkey
      • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Drug Device Combination Products Market.

Available Customizations:

Global Drug Device Combination Products market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

·         Detailed analysis and profiling of additional market players (up to five).

Global Drug Device Combination Products Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Drug Device Combination Products Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Products (Drug Eluting Stents, Transdermal Patches, Infusion Pumps, Drug Eluting Balloon, Inhalers, Others)

5.2.2.    By Application (Cardiovascular, Diabetes, Cancer Treatment, Respiratory Diseases, Others)

5.2.3.    By End User (Hospitals, Ambulatory Surgical Centers, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.    By Company (2023)

5.3.  Market Map

5.3.1 By Products

5.3.2 By Application

5.3.3 By End User

5.3.4 By Region

6.    North America Drug Device Combination Products Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Products 

6.2.2.    By Application 

6.2.3.    By End User 

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Drug Device Combination Products Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Products

6.3.1.2.2.           By Application

6.3.1.2.3.           By End User

6.3.2.    Canada Drug Device Combination Products Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Products

6.3.2.2.2.           By Application

6.3.2.2.3.           By End User

6.3.3.    Mexico Drug Device Combination Products Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Products

6.3.3.2.2.           By Application

6.3.3.2.3.           By End User

7.    Europe Drug Device Combination Products Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Products 

7.2.2.    By Application 

7.2.3.    By End User 

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Drug Device Combination Products Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Products

7.3.1.2.2.           By Application

7.3.1.2.3.           By End User

7.3.2.    Germany Drug Device Combination Products Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Products

7.3.2.2.2.           By Application

7.3.2.2.3.           By End User

7.3.3.    United Kingdom Drug Device Combination Products Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Products

7.3.3.2.2.           By Application

7.3.3.2.3.           By End User

7.3.4.    Italy Drug Device Combination Products Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Products

7.3.4.2.2.           By Application

7.3.4.2.3.           By End User

7.3.5.    Spain Drug Device Combination Products Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Products

7.3.5.2.2.           By Application

7.3.5.2.3.           By End User

8.    Asia-Pacific Drug Device Combination Products Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Products 

8.2.2.    By Application 

8.2.3.    By End User 

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Drug Device Combination Products Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Products

8.3.1.2.2.           By Application

8.3.1.2.3.           By End User

8.3.2.    India Drug Device Combination Products Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Products

8.3.2.2.2.           By Application

8.3.2.2.3.           By End User

8.3.3.    Japan Drug Device Combination Products Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Products

8.3.3.2.2.           By Application

8.3.3.2.3.           By End User

8.3.4.    South Korea Drug Device Combination Products Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Products

8.3.4.2.2.           By Application

8.3.4.2.3.           By End User

8.3.5.    Australia Drug Device Combination Products Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Products

8.3.5.2.2.           By Application

8.3.5.2.3.           By End User

9.    South America Drug Device Combination Products Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Products 

9.2.2.    By Application 

9.2.3.    By End User 

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Drug Device Combination Products Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Products

9.3.1.2.2.           By Application

9.3.1.2.3.           By End User

9.3.2.    Argentina Drug Device Combination Products Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Products

9.3.2.2.2.           By Application

9.3.2.2.3.           By End User

9.3.3.    Colombia Drug Device Combination Products Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Products

9.3.3.2.2.           By Application

9.3.3.2.3.           By End User

10. Middle East and Africa Drug Device Combination Products Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Products 

10.2.2. By Application 

10.2.3. By End User 

10.2.4. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Drug Device Combination Products Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Products

10.3.1.2.2.         By Application

10.3.1.2.3.         By End User

10.3.2. Saudi Arabia Drug Device Combination Products Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Products

10.3.2.2.2.         By Application

10.3.2.2.3.         By End User

10.3.3. UAE Drug Device Combination Products Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Products

10.3.3.2.2.         By Application

10.3.3.2.3.         By End User

10.3.4. Kuwait Drug Device Combination Products Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Products

10.3.4.2.2.         By Application

10.3.4.2.3.         By End User

10.3.5. Turkey Drug Device Combination Products Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Products

10.3.5.2.2.         By Application

10.3.5.2.3.         By End User

10.3.6. Egypt Drug Device Combination Products Market Outlook

10.3.6.1.     Market Size & Forecast

10.3.6.1.1.         By Value

10.3.6.2.     Market Share & Forecast

10.3.6.2.1.         By Products

10.3.6.2.2.         By Application

10.3.6.2.3.         By End User

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Global Drug Device Combination Products Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Abbott Laboratories Inc

15.1.1. Business Overview

15.1.2. Product Offerings

15.1.3. Recent Developments

15.1.4. Financials (As Reported)

15.1.5. Key Personnel

15.1.6. SWOT Analysis

15.2.             Medtronic plc

15.3.             Boston Scientific Corporation

15.4.             Becton, Dickinson and Company

15.5.             Novartis AG

15.6.             GlaxoSmithKline plc

15.7.             AbbVie Inc. (Allergen, Inc.)

15.8.             W. L. Gore & Associates, Inc.

15.9.             Stryker Corporation

15.10.          Terumo Corporation.

16.  Strategic Recommendations

17.  About Us & Disclaimer

 


Figures and Tables

Frequently asked questions

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The market size of the Global Drug Device Combination Products Market was estimated to be USD 110.15 Billion in 2023.

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The Transdermal Patches segment demonstrated significant dominance in 2023, primarily due to increasing demand for self-administration of drugs in cases of diseases requiring long-term treatment.

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North America emerged as the dominant region in the market in 2023, capturing an increasing investment being made in the research and development of products by companies, there is likely to be an increase in demand for drug-device combination products since many vaccines and other therapeutics are produced by these sectors.

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Growing prevalence of chronic diseases such as diabetes, respiratory diseases, and cancer and the adoption of novel drug delivery systems for these diseases are some of the key factors driving the Global Drug Device Combination Products market growth.

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Sakshi Bajaal

Business Consultant
Press Release

Drug Device Combination Products Market to Grow with a CAGR of 8.74% through 2029

Mar, 2024

Growing prevalence of chronic diseases such as diabetes, respiratory diseases, and cancer are expected to drive the Global Drug Device Combination Products Market growth in the forecast period, 2025-

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