Drug-Device Combination Products Market by Product Type (Drug Eluting Stents, Photosensitizers, Orthopaedic products, Infusion Pumps, Wound Care Products, Inhalers, Transdermal Patches) - Global Opportunity Analysis and Industry Forecast, 2017-2023

Medical Devices & Supplies	LI_18667	Pages: NA	Jun 2018 \| 1766 Views
Author's : NA	Tables: NA	Charts: NA	Formats*:

According to the U.S. Food and Drug Administration (FDA), a combination product is defined as, “Two or more separate products packaged together in a single package or as a unit and comprised of drug and device products, device and biological products, or biological and drug products”. The growing prevalence of chronic diseases among elderly population, creates an inevitable need for effective therapeutic solutions. In light of such need, pharmaceutical and medical device industries now offer “Combination products”. Growing number of elderly population, increasing healthcare expenditures along with the increasing popularity of point of care treatments, are some of the vital factors that promote the growth of the global drug-device combination products market. Additionally, active interventions from the NGO and government organizations, along with the increasing demand for minimally invasive surgeries, would eventually propel the market growth during the forecast period. However, high cost of drugs, rising incidences of chronic disease, adverse side effects associated with products and growing technical challenges to deliver drugs would act as a major restraint to the market. Biological therapies and gene therapies are potential target areas for the global drug-device combination products market. The market is supported by newly developed sciences such as nanotechnology, information technology, polymer science, proteomics and genomics.

The global drug-device combination products market is segmented into product types, application and geography. Based on product types, the market is categorized as Drug Eluting Stents, Photosensitizers, Orthopaedic products, Infusion Pumps, Wound Care Products, Inhalers, Transdermal Patches and others. However, the application segment is categorized as Cardiovascular, Non-Cardiovascular, Urological, Bone Treatment, Antimicrobial Treatment, Cancer Treatment, Ophthalmic Treatment and Diabetes Treatment. Geographically, the report is segments across four regions namely, North America, Europe, Asia Pacific, and LAMEA. Presently, North America occupies a majority of the market share followed by Europe and the Asia Pacific region. Collaboration, product launch and acquisition are some of the strategies adopted by key players in the drug-device combination products market. In 2013, Abbott laboratories introduced its Next-Generation ‘Xience Xpedition Drug Eluting Stent’ in Canada. This stent provides efficient drug delivery across crucial coronary anatomies. Companies profiled in this report include Abbott Laboratories Inc., Boston Scientific Corporation, Cook Medical, Medtronic Plc, Smith & Nephew Plc, St. Jude Medical Inc., Stryker Corporation, Zimmer Holdings Inc., Ethicon, Inc. and C.R. Bard, Inc.

KEY MARKET BENEFITS:

Inclusive intellects of factors driving the growth of the global drug-device combination products market is provided in the report. For instance, growing elderly population and increasing healthcare expenditures would drive the global drug-device combination products market
Competitive intelligence (of leading manufacturers and distributors of combination products) helps in understanding the competitive scenario across geographies
SWOT analysis enables to study the internal environment of the leading companies for strategy formulation
An in-depth analysis of current research and clinical developments within the global drug-device combination products market is provided with key market dynamic factors that helps understand the market behaviour
The report provides an in-depth analysis of global drug-device combination products market, through various decision making tools such as, Porter’s five forces model, value chain analysis
The report provides a quantitative analysis of the current market and estimations through 2014-2020 that help in identifying the prevailing market opportunities

KEY MARKET SEGMENTS:

Global drug-device combination products market is mainly segmented below:

Global drug-device combination products Market ‐ By Product Type

Drug Eluting Stents
Photosensitizers
Orthopaedic products
Infusion Pumps
Wound Care Products
Inhalers
Transdermal Patches
Others

Global Drug-device combination products market - By Application

Cardiovascular
Non-Cardiovascular
Urological
Bone Treatment
Antimicrobial treatment
Cancer Treatment
Ophthalmic Treatment
Diabetes Treatment

Global Drug-device combination products market - By Geography

North America
Europe
Asia-Pacific
LAMEA

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
Technologically sophisticated and reliable insights through well audited and veracious research methodology
Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

Patent and regulatory databases for understanding of technical & legal developments
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic new articles, web-casts and other related releases for market evaluation
Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

Validates and improves the data quality and strengthens research proceeds
Further develops analyst team’s market understanding and expertise
Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

Chief executives and VPs of leading corporations specific to industry
Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.