The Global Implantable Drug Delivery Market accounted to USD 18.0 billion in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024.
Global Implantable Drug Delivery Market By Product Types, Technology, Application, Geography– Industry Trends and Forecast to 2024
The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Implantable drug delivery devices are the medical devices that enable site specific drug management. It also offers the minimization of the doses of drug for the reduction of potential side effects. The implantable devices are attaining more attention as compared to the conventional oral or parenteral dosage forms because of the site specific and sustained release therapeutic action of implantable devices that again minimizes the side-effects associated with the drug.
Major market drivers and restraints:
- Increasing Adaptation Towards Minimally Invasive Surgeries
- Increasing Prevalence Of Chronic Diseases
- Rising Emerging Economies
- Rising Number Of Product Recalls
- Stringent Government Regulations
Major Market Competitors:
Some of the major players operating in global implantable drug deliverymarket are Bayer, Boston Scientific, Medtronic, Merck&Co. Inc., Allergan Inc., Bausch and Lomb, Inc., ithetis, Nucletron,Genetech Inc., Theragenics, Psivida, Kinamed Inc., K2M Inc., Mako Surgical Corp., Varian Medical System, Arrow International, Eckert Ziegler, Elekta, JVS, and Abbottamong others.
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Market Segmentation
- By product types the global implantable drug delivery market is segmented into implantable bio-absorbable stents, implantable contraceptive drug delivery devices, implantable intraocular drug delivery devices, implantable coronary drug eluting stents, implantable brachytherapy seeds and implantable drug infusion pumps.
- By technology the global implantable drug delivery market is segmented into biodegradable implantable drug delivery device technology and non-biodegradable implantable drug delivery device technology.
- On the basis of application the global implantable drug delivery market is segmented into cardiovascular, birth control & contraception, ophthalmology, oncology and others.
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