Implantable Drug Delivery Devices Market Worth $31.6 Billion By 2025: Grand View Research, Inc.

Monday, July 9, 2018 Research News
Email Print This Page Comment bookmark
Font : A-A+

SAN FRANCISCO, July 9, 2018 /PRNewswire/ --

The global implantable drug delivery devices market size is

expected to reach USD 31.6 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.5% CAGR during the forecast period. Growing incidence of chronic diseases, coupled with rising demand for
minimally invasive treatment options, is driving the market for implantable drug delivery devices.

     (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg )

Recent advancements in medication administration technologies are expected to fuel market growth over the forecast period. Increase in adoption of micro-scale implantable devices is one of the key factors fueling growth. These products find application in monitoring improvement in body functions, imaging, and medication administration. They facilitate localized treatment with controlled drug administration and enable targeted delivery of therapeutics to tissues.

These devices help overcome limitations of intravenous, oral, and topical administration routes, thus broadening the growth prospects of the market. In addition, advent of biodegradable implants enables targeted delivery of chemotherapeutics to tumor cells without damaging normal cells. Drug releasing implants are also helpful in treatment of inoperable tumors such as that of liver, brain, and lungs, due to their location and size. These devices help in reducing tumor size, which enables surgical removal of tumors. The aforementioned benefits of these devices are expected to impel their adoption over the forecast period.

Manufacturers are focused on developing novel drug delivery devices to gain maximum market share, which has resulted in launch of various technologically advanced products in the market. For instance, in February 2017, Delpor, Inc., a biotechnology company in U.S., announced the launch of an implantable device for long-term delivery of therapeutics.

Browse full research report with TOC on "Implantable Drug Delivery Devices Market Analysis Report By Type (Biodegradable, Non-biodegradable), By Product, By Technology (Diffusion, Osmotic, Magnetic), By Application, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/implantable-drug-delivery-devices-market

Further Key Findings From the Report Suggest: 

  • By product, drug-eluting stents held a dominant share in the market in 2016, owing to their growing adoption in hormone regulation, contraception, pain management, and cancer therapy. Bio-absorbable stents, on the other hand, are anticipated to grow at a lucrative rate owing to increase in incidence of peripheral and coronary artery diseases
  • On the basis of type, the non-biodegradable segment held the largest share in 2016, as a consequence of easy availability of these products and their established efficacy
  • Diffusion held a dominant share in the market on the basis of technology, owing to significant increase in adoption as it offers better patient outcomes and acceptability
  • By application, cardiovascular accounted for a substantial share in 2016 due to increasing adoption of drug-eluting and bio-absorbable stents for management of cardiovascular diseases. Autoimmune diseases, on the other hand, are expected to exhibit the fastest CAGR owing to rising prevalence of multiple sclerosis and rheumatoid arthritis
  • While North America held a substantial share in 2016 owing to rising prevalence of chronic diseases, unhealthy lifestyles, and high stress levels among the population, Asia Pacific is anticipated to achieve significant CAGR through 2025. This is owing to improving healthcare systems, rising healthcare expenditure, and growing awareness.

Browse related reports by Grand View Research: 

  • Wound Closure Devices Market - Increasing demand for reduction in surgical expenditure has given rise to the products capable of enhancing therapeutic outcome by reducing hospital stay are the major drivers for the growth of wound closure devices market
  • Artificial Ventilation and Anesthesia Masks Market - The Global artificial ventilation and anesthesia masks market size was valued at USD 1,715.3 million in 2014.
  • Retinal Implant Market - The global Retinal Implant Market size was valued at USD 14.01 million in 2015.
  • Artificial Vital Organs and Medical Bionics Market - The Global artificial vital organs and medical bionics market size was estimated at USD 22.67 billion in 2014.

Grand View Research has segmented the global implantable drug delivery devices market on the basis of product, type, technology, application, and region: 

  • Implantable Drug Delivery Devices Product Outlook (Revenue, USD Million, 2014 - 2025) 
    • Contraceptive Implants
    • Spinal Implants
    • Brachytherapy Seeds
    • Drug-eluting Stents
    • Bioabsorbable Stents
    • Intraocular Stents
    • Infusion Pumps
    • Others
  • Implantable Drug Delivery Devices Type Outlook (Revenue, USD Million, 2014 - 2025) 
    • Biodegradable
    • Non-biodegradable
  • Implantable Drug Delivery Devices Technology Outlook (Revenue, USD Million, 2014 - 2025) 
    • Diffusion
    • Osmotic
    • Magnetic
    • Others
  • Implantable Drug Delivery Devices Application Outlook (Revenue, USD Million, 2014 - 2025) 
    • Contraception
    • Ophthalmology
    • Cardiovascular
    • Diabetes
    • Oncology
    • Autoimmune Diseases
    • Others
  • Implantable Drug Delivery Devices Regional Outlook (Revenue, USD Million, 2014 - 2025) 
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • South Africa

Explore the BI enabled intuitive market research database, The Grand Library, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

SOURCE Grand View Research, Inc.



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store