The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest implantable drug delivery devices market share.

The global implantable drug delivery devices market is expected to grow from $18.35 billion in 2022 to $19.58 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The implantable drug delivery devices market is expected to grow from $26.0 billion in 2027 at a CAGR of 7.3%.

Major Driver In The Implantable Drug Delivery Devices Market ­– Rise In The Incidence Of Target Diseases
According to the International Diabetes Federation (IDF), one in every three people worldwide will have diabetic retinopathy by 2020. Implantable drug delivery devices, such as Gliadel® wafer for brain tumour treatment and Lupron depot for prostate cancer treatment, are utilised for site-specific medication administration where the medicine is most needed. As a result, the implanted drug delivery devices market is being driven by the site-specific drug administration nature of implantable drug devices, which aid in the treatment of target disorders.

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Key Implantable Drug Delivery Devices Market Segments
1) By Product: Contraceptive Implants, Spinal Implants, Brachytherapy Seeds, Drug-Eluting Stents, Bio-absorbable Stents, Intraocular Stents, Infusion Pumps, Other Applications
2) By Technology: Diffusion, Osmotic, Magnetic, Other Technologies
3) By Application: Contraception, Ophthalmology, Cardiovascular, Diabetes, Oncology, Autoimmune Diseases, Other Applications

Recent Implantable Drug Delivery Devices Market Trend – Developing 3D Implantable Drug Delivery Devices
Three-dimensionally printed titanium transcutaneous ports are placed behind the patient’s ear, providing healthcare personnel access to the catheters. For example, Renishaw and Herantis Pharma unveiled in February 2020 the award-winning technology, which received positive results in phase 2 studies and consists of up to four catheters implanted in the relevant brain locations. King Abdullah University of Science and Technology researchers have developed a miniaturised drug delivery device appropriate for in-vivo biomedical applications. An electrolytic pump drives a micro bellows membrane as an actuator for delivery through microneedles in the system. A reservoir with a microneedle was created using a two-photon 3D printing process.

Implantable Drug Delivery Devices Market Prominent Players
Major players in the implantable drug delivery devices market are Allergan Inc., Bayer HealthCare, Medtronic Inc., Nucletron, Boston Scientific Corporation, Abbott Laboratories, Bausch and Lomb Inc., Merck, Genetech Inc., and Psivida.

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The Implantable Drug Delivery Devices Global Market Report 2023  provides a comprehensive overview on the implantable drug delivery devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the implantable drug delivery devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Implantable drug delivery systems are drug delivery systems that are placed beneath the skin and distribute medications into the bloodstream from a reservoir. These devices allow for site-specific drug administration and need lesser doses, reducing side effects.

View More Related Reports –
Implantable Biomaterials Global Market Report 2023
Implantable Infusion Pumps Global Market Report 2023
Biomaterials Global Market Report 2023

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