Global Implantable Drug Delivery Devices Market Report 2022 – Market Forecast, Trends And Strategies

The global implantable drug delivery devices market size is expected to grow from $17.20 billion in 2021 to $18.35 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. The global implantable drug delivery market is then expected to grow to $24.08 billion in 2026 at a CAGR of 7.0%.

What is the Global Implantable Drug Delivery Devices Market?

The implantable drug delivery devices market consists of sales of implantable drug delivery devices and related services by companies that manufacture them. Implantable drug delivery devices are drug delivery systems implanted by surgery to allow site-specific drug administration at the tissue or organ where the drug is most needed.

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What drives the Global Implantable Drug Delivery Devices Market?

The rise in the incidence of target diseases such as diabetic retinopathy, cancer, cardiovascular diseases, and other chronic diseases is expected to drive the implantable drug delivery devices market. Implantable drug delivery devices are used for site-specific drug administration where the drug is most needed, such as Gliadel® wafer as an implant used in the treatment of brain tumors, Lupron depot for the treatment of prostate cancer. Hence, the site-specific drug administration nature of implantable drug devices, which help in the treatment of target diseases, is driving the implantable drug delivery devices market.

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Global Implantable Drug Delivery Devices Market Segments
The global implantable drug delivery devices market is segmented:
By Product: Contraceptive Implants, Spinal Implants, Brachytherapy Seeds, Drug-Eluting Stents, Bio-Absorbable Stents, Intraocular Stents, Infusion Pumps, Others
By Technology: Diffusion, Osmotic, Magnetic, Others
By Application: Contraception, Ophthalmology, Cardiovascular, Diabetes, Oncology, Autoimmune Diseases, Others
By Geography: The regions covered in the implantable drug delivery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Implantable Drug Delivery Devices Global Market Report 2022provides market size and growth forecasts for the global implantable drug delivery devices market, global implantable drug delivery devices market share, implantable drug delivery devices market segments and geographies, implantable drug delivery devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The implantable drug delivery devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Implantable Drug Delivery Devices Industry Playersinclude Allergan Inc, Bayer HealthCare, Medtronic Inc, Nucletron, Boston Scientific Corporation, Abbott Laboratories, Bausch and Lomb Inc, Merck, Genetech Inc, and Psivida. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.