December 17, 2024
Boston: According to the latest study from BCC Research, the demand for Global Markets for Drug-Device Combinations is expected to grow from $129.4 billion in 2024 to nearly $200 billion by the end of 2029, at a compound annual growth rate (CAGR) of 9.1% during the forecast period of 2024 to 2029.
Drug-device combinations combine pharmaceutical drugs with medical devices to improve the effectiveness of treatments and convenience for patients. This report provides a thorough analysis of the market for drug-device combinations, analyzing trends from 2021, estimates for 2024, and projections from 2024 to 2029.
It explores the future potential of these products, examines the competitive landscape, and covers regulatory aspects, market drivers, challenges, opportunities, and emerging technologies. The report also assesses the market shares of the leading companies.
This report will prove to be valuable for all companies in the market, including recent entrants, government agencies, and other organizations interested in drug-device combinations. It offers insights into the markets of various regions, making it useful for companies looking to expand their geographic reach.
Interesting Facts about Drug-Device Combinations
To gain more insights into Global Markets for Drug-Device Combinations, click here
Factors contributing to the growth of this market include:
Wide range of potential applications: Combination products, which integrate drugs and medical devices, have a wide range of potential applications. These products can be used in many medical fields They can be used for targeted drug delivery in cancer treatment, to provide controlled release of medications for chronic conditions, or combine diagnostic tools with therapies for more personalized healthcare.
Growing prevalence of chronic diseases.: More people are being diagnosed with chronic diseases such as diabetes, heart disease, and cancer. This growing prevalence is due to factors such as aging populations, unhealthy lifestyles, and better diagnostic tools. As these long-term illnesses become more common, there is a greater need for effective treatments and healthcare solutions to manage them.
Integrating homecare trends with drug delivery advance: Patients are gaining more control over their own healthcare due to trends in homecare and advanced drug delivery technologies. These advances allow patients to administer their treatments at home, making healthcare more convenient and accessible. This integration means patients can manage their conditions more effectively without frequent visits to healthcare facilities.
Request a Sample Copy of Global Markets for Drug-Device Combinations
Report Synopsis
|
Report Metric |
Details |
|
Base year considered |
2023 |
|
Forecast period considered |
2024-2029 |
|
Base year market size |
$119.4 billion |
|
Market size forecast |
$199.8 billion |
|
Growth rate |
CAGR of 9.1% for the forecast period of 2024-2029 |
|
Segments covered |
Product type, application, and region |
|
Regions covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
|
Countries covered |
China, India, Japan, U.S., Canada, Mexico, Germany, U.K., Italy, Spain, and France |
|
Market drivers |
|
Market Segmentation
The global market for drug-device combinations can be segmented by:
1. Product Type
Drug/biologic-device combination products include a range of items such as drug-eluting stents (DES) for keeping arteries open, prefilled syringes (PFS) for easy injections, inhalers and nebulizers for respiratory treatment, wound care products for faster healing, implants for various medical needs, antimicrobial catheters to prevent infections, transdermal patches for continuous drug delivery through the skin, and photodynamic therapy for targeted treatments. These products combine medications with medical devices to enhance treatment effectiveness and patient convenience.
Drug-biologic combination products include antibody-drug conjugates (ADCs), which link antibodies to drugs for targeted cancer treatment, and monoclonal antibodies (mAbs), which are designed to specifically target and neutralize harmful pathogens or cancer cells. These products combine the benefits of biologics with drugs to enhance treatment precision and effectiveness.
2. Application: Applications for drug-device combinations include areas such as cardiovascular diseases, metabolic disorders, respiratory conditions, and wound care products. It also includes oncology for cancer treatment, orthopaedic diseases for bone and joint issues, and other specialized areas.
This report on drug-device combinations addresses the following questions:
1. What is the projected size and growth rate of the market?
2. Which factors are driving the growth of the market?
3. Which segments are covered in the report?
4. Which type of product will dominate the market in 2029?
5. Which region has the largest market share of the market?
Innovative Startups
CraniUS: Based in Baltimore, Md., CraniUS is a neuroscience-focused startup developing a groundbreaking device that delivers medicine directly to the brain. This innovative implant bypasses the blood-brain barrier using a novel wireless charging system, making it highly effective for treating chronic brain diseases. In October 2022, CraniUS raised $19.4 million in a Series A funding round from private investors.
Emergent BioSolutions: Emergent BioSolutions’ announced that Narcan Naloxone HCl Nasal Spray 4 mg became available over-the-counter nationwide and online starting in September 2023. Easy accessibility to this type of product is crucial for responding to opioid emergencies, especially given the high rate of overdoses from synthetic opioids like fentanyl. Narcan Nasal Spray can help reverse opioid effects while emergency services are on the way.
Leading companies in the market include:
Related reports include:
Conventional and Alternative Pain Treatment Markets: This report includes a detailed competitive analysis, market drivers, restraints, opportunities, and emerging technologies. The market is segmented by pain management type into pharmaceuticals and devices and by application into pain types such as orthopedic, surgical, and cancer pain. The market is divided into the regions of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, with specific country data provided. Market projections extend to 2029.
Chronic Disease Management: Therapeutics, Device Technologies, and Global Markets: This report segments the market by product type (pharmaceuticals, biologics, medical devices, and digital therapeutics), application (disease categories such as cancer and cardiovascular conditions), end user (hospitals, home care), and geographic region (North America, Europe, Asia-Pacific, and RoW). The report also examines market drivers, restraints, opportunities, and the competitive landscape, including the market shares of leading companies.
Directly purchase a copy of the report from BCC Research.
For further information or to purchase, please contact info@bccresearch.com.
Global Markets for Drug-Device Combinations( PHM045F )
Publish Date: Jul 2024
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.