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Implantable Drug Delivery Devices Market Trends

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Report ID: 3281
Published Date: Aug 29, 2024
Report Format: PDF, PPT

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Implantable Drug Delivery Devices Market Trends

Growth Drivers

Emergence of Novel Medical Devices and Products
Increasing Incidence of Chronic Diseases

Challenges

High Cost of Implantable Drug Delivery Devices
Stringent Government Regulations

Implantable Drug Delivery Devices Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	8.3%
Base Year Market Size (2023)	USD 27.15 billion
Forecast Year Market Size (2036)	USD 76.55 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Implantable Drug Delivery Devices Market Size Forecast 2036

Author Credits: Radhika Pawar

Report ID: 3281
Published Date: Aug 29, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of implantable drug delivery devices is assessed at USD 28.95 billion.

Implantable Drug Delivery Devices Market size was over USD 27.15 billion in 2023 and is projected to exceed USD 76.55 billion by 2036, growing at over 8.3% CAGR during the forecast period i.e., between 2024-2036. Emergence of novel products and increasing incidence of chronic diseases will fuel the market growth.

Asia Pacific is likely to account for largest revenue share by 2036, on account of steadily increasing healthcare expenditure and rising concern & awareness for the development of advanced devices in the region.

The major players in the market include Boston Scientific Corporation, Merck & Co., Inc., Medtronic Plc, Allergan, Inc., Abbott Laboratories, DSM Biomedical, Varian Medical Systems, Inc., and others.

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