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The implantable drug delivery devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of 7%, as per The Business Research Company’s market report!

Read More On The Implantable Drug Delivery Devices Market Report 2022 – https://www.thebusinessresearchcompany.com/report/implantable-drug-delivery-devices-global-market-report

The Implantable Drug Delivery Devices Market Size In 2022 And Forecast

The global implantable drug delivery devices market 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The implantable drug delivery devices market is expected to grow to $24.08 billion in 2026 at a CAGR of 7.0%.

The implantable drug delivery devices market consists of sales of implantable drug delivery devices and related services by companies that manufacture them.

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Rise In The Incidence Of Target Diseases Is Driving The Growth Of The Implantable Drug Delivery Devices Market

According to the International Diabetes Federation (IDF), the global prevalence of diabetic retinopathy was around 27% in 2019. 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.

Competitive Landscape And The Regional Analysis Of The Implantable Drug Delivery Devices Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the implantable drug delivery devices market in 2021 holding the largest market share.

The Implantable Drug Delivery Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the implantable drug delivery devices market.

Developing 3D Implantable Drug Delivery Devices – A Key Trend In The Implantable Drug Delivery Devices Market

Companies and researchers are focusing on developing 3D implantable drug delivery devices. 3D printed titanium transcutaneous ports are implanted behind the patient’s ear, allowing healthcare professionals to access the catheters.

Implantable Drug Delivery Devices Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Implantable Drug Delivery Devices Market –

Drug Delivery Devices Global Market Report 2022

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