Drug Device Combination Market – Key Players
Some of the key players in the global drug device combination are 3M, Abbott Laboratories, AlloSource, Biomet Orthopedics, Inc., Biometrix Medical, Biotronik, Boston Scientific Corporation, C.R. BARD, Inc., Cook Critical Care, Inc., Covidien Ltd, Smith & Nephew Plc, St. Jude Medical Inc, Stryker Corporation, Wright Medical Group, Inc., Zimmer Holding, Inc., and others.
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Drug Device Combination Market – Segmentation
The global drug device combination is segmented based on product, application, end user and region. Based on product, the market is segmented into catheter, advanced wound care products, and others. The catheter segment is sub-segmented into antimicrobial catheter, urological catheters, cardiovascular catheters, oximetry catheters, thermodilution catheters, wound drainage catheter, and others. The advanced wound care products segment is sub-divided into antibiotic wound care, bone graft substitutes, antibiotic bone cements, drug eluting stents, photodynamic therapy. The bone graft substitutes segment is sub-segmented into ceramic based bone graft substitute, allograft-based bone graft substitutes, cell-based bone graft substitutes, and others. On the basis of application, the market is devised into coronary angioplasty, tachycardia management, non-cardiovascular treatments, peripheral arterial disease (pad), bone treatment, antimicrobial applications, wound care, ophthalmic treatment, and others. By end user, the market is divided into hospitals & clinics, ambulatory centres, and academic & research organization, and others.
Drug Device Combination Market – Highlights
Drug-device combination is the combination of drugs and various medical devices that can be chemically/physically assembled as separate or cross labeled products. Such devices are extensively utilized for therapeutic purposes against diseases including cardiovascular diseases. Thus, it is estimated that an increasing prevalence of cardiovascular diseases, urology diseases followed by increasing healthcare expenditure, rising awareness for the market products and favorable reimbursement policies within the region drives the market. The factsheet of 2017 published by the Centers for Disease Control and Prevention stated that ~ 30 million people, accounting for 15.0% of U.S. adults population suffer from chronic kidney diseases (CKD). However, high cost of the products and therapeutics related side effects restricts the market growth within the region.
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Drug Device Combination Market – Regional Analysis
In 2017, the Americas dominated the global drug device combination market. Factors such as rising prevalence of cardiovascular diseases, suitable reimbursement policies, high healthcare expenditure, and presence of major market players within the region drives the market to grow. Following a similar course, Europe stood second in the global drug device combination in 2017. This can be attributed to the presence of a well-developed healthcare infrastructure, increasing awareness for the combination products and presence of developed economies within the region. Asia Pacific was projected to be the fastest growing region in 2017, owing to increasing penetration of the market players within the region, growing healthcare sector and increasing government support for foreign investments. The Middle East and African region held least share in the global drug device combination market. Presence of poor economies and low per capita income, especially within the African region makes the market to lack within the region.
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