Global Drug Device Combination Products Market is expected to reach revenue of USD 389.7 Bn by 2033, at 9.3% CAGR: Dimension Market Research. [Yahoo! Finance]
Abbott Laboratories (ABT)
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Source: Yahoo! Finance
New York, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Overview The Global Drug Device Combination Products Market is projected to reach USD 174.4 billion in 2024 which is further anticipated to reach USD 389.7 billion by 2033 at a CAGR of 9.3%. The drug-device combination products market is growing rapidly worldwide and is mainly motivated by developments in appropriate drug delivery systems and the increasing rate of chronic ailments. These combination products, which depict a union of a drug and a medical device, provide a better therapeutic effect and also encourage the patients to adhere to their doctor's advice. Hence, the key product segments this market offers are drug-eluting stents, infusion pumps, transdermal patches, and inhalers. The market is driven by approval, advancement in technology, and a rising need for noninvasive surgical procedures. The market is rather saturated with a high number of competitors that dedicate great attention to the development of new products and th
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