New York, October 01: Market Research Engine has published a new report titled as “Implantable Drug Delivery Devices Market by Applications, by Product Types and by Technology - Global Market Analysis and Forecast 2016 - 2021”
How Big is the Implantable Drug Delivery Devices Market?
The implantable drug delivery devices market is expected to exceed more than US$ 27 billion by 2021; Growing at a CAGR of more than 8.6% in the given forecast period.
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Implantable devices having many functions such as it vascular stents preserve flow of blood. The electro-stimulation devices control heart block spurious in the brain. Implantable drug delivery devices permit site specific drug management where that drug requires more. There has been rising union between drug therapies and implantable devices such as devices that carry drugs as prime action.
The major driving factors of implantable drug delivery devices market are as follows:
Driving factors for the global contraceptive drug delivery implants market
NGO and government initiatives to support contraceptive goods
Increasing frequency of unwanted pregnancies
Driving factors for the global intraocular drug delivery implants market
Increasing patient group for diabetic retinopathy and diabetes
Growing aging population globally
Driving factors for the global implantable drug infusion pumps market
High predominance of chronic pain causing disorders
Increasing frequency of colorectal cancer globally
Driving factors for the global brachytherapy seeds market
Appearance of new disease appliances
Growing prevalence of prostate cancer globally
Driving factors for the global coronary stents
Increasing many interventional cardiologists
Rising frequency of cardiovascular diseases
The restraining factors of implantable drug delivery devices market are as follows:
Strict CE and FDA approval norms.
The introduction of internal product substitutes, lawsuits and product recalls.
The implantable drug delivery devices market is segmented on the lines of its product type, technology, application and regional. Based on product type segmentation it covers implantable drug infusion pumps, implantable brachytherapy seeds, implantable intraocular drug delivery devices, implantable contraceptive drug delivery devices, implantable bio absorbable stents and implantable coronary drug eluting stents. Under technology segmentation the implantable drug delivery devices market contains non biodegradable implantable drug delivery device technology and biodegradable implantable drug delivery device technology. The implantable drug delivery devices market is segmented on the lines of its application like oncology, birth control/ contraception, cardiovascular, ophthalmology and others such as chronic pain causing diseases and diabetes. The implantable drug delivery devices markets geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for implantable drug delivery devices and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2021.
3) Identifications of new market opportunities and targeted promotional plans for implantable drug delivery devices.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets for Implantable drug delivery devices with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market, current market trends and situations. Key players profiled in the report include Allergan Inc, Bayer HealthCare, Medtronic Inc., Nucletron, Merck, pSivida Corp., Boston Scientific Corporation, Abbott Laboratories and Bausch and Lomb Inc. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide the buyers with a snapshot of the industry’s most influential players and potential market covered.
The Implantable drug delivery devices Market has been segmented as below:
By Product Type Analysis
Implantable drug infusion pumps
Implantable brachytherapy seeds
Implantable intraocular drug delivery devices
Implantable contraceptive drug delivery devices
Implantable bio absorbable stents
Implantable coronary drug eluting stents
By Technology Analysis
Non biodegradable implantable drug delivery device technology
Biodegradable implantable drug delivery device technology
By Application Analysis
Birth control/ contraception
Other (chronic pain causing diseases, diabetes)
By Regional Analysis
Rest of the World
For more information:
Last updated on: 01/10/2016
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