According to FutureWise analysis the market for drug-device combination products in 2023 is US$ 139.43 billion, and is expected to reach US$ 279.87 billion by 2031 at a CAGR of 9.10%.
A drug-device combination product is a medical device that consists of a device and a pharmaceutical ingredient that are physically or chemically combined as one whole. As a result of precise drug delivery, local administration, and individualized treatment, these products are safer, more effective, and more cost-effective in treating several disorders. Some examples of drug-device combination products are drug-eluting stents, infusion pumps, inhalers, transdermal delivery systems, and prefilled syringes. Many chronic disorders are managed and treated with these technologically advanced products, including cancer, diabetes, respiratory problems, cardiovascular disorders, wound healing, and others.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Drug-Device Combination Products Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Drug-Device Combination Products Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.