Global Market for Drug-Device Combinations to Reach $200 Billion by End of 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

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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.

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Report Synopsis        

•         Integrating homecare trends with drug delivery advances.

Market Segmentation

The global market for drug-device combinations can be segmented by:

1.      Product Type

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:

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:

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