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Market Analysis:- The Global Implantable Drug Delivery Market is expected to reach USD 36.12 billion by 2025, from USD 19.36 billion in 2017 growing at a CAGR of 8.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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
Key Players: Global Implantable Drug Delivery Market
- Boston Scientific
- Merck&Co. Inc.
- Allergan Inc.
- Bausch and Lomb, Inc.
- Genetech Inc.
- Kinamed Inc.
- K2M Inc.
- Mako Surgical Corp.
- Varian Medical System
- Arrow International
- Eckert Ziegler
- Abbottamong among others
Key Developments in the Market:
- In March 2016, FDA approved V-Go, a wearable 24 hour subcutaneous insulin delivery device by Medtronic for diabetes management, which have helped diabetes treatment outcome.
- In April 2013, Bayer Healthcare launched a hormonal intrauterine device (IUD) called Skyla. The product is launched in Europe with the brand name Jaydess, and is used for the prevention of pregnancy for up to three years.
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Market Segmentation: Global Implantable Drug Delivery Market
- The global implantable drug delivery market is segmented based on Product Type, Technology, Application, and Geography
- 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.
Market Segment by Regions, regional analysis covers:
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Competitive Analysis: The global implantable drug delivery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of implantable drug delivery market for global, Europe, North America, Asia Pacific and South America.
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