Seattle, WA, Aug-12, 2018 — / True Industry News / —
Increase in acceptance and patient compliance for implantable drug delivery devices to propel the market
The global implantable drug delivery device market was valued at US$ 9,554.4 million in 2016 and is expected to witness a robust CAGR of 7.6 % over the forecast period (2018-2026).
Implantable drug delivery devices offer several advantages over conventional oral or parenteral dosage form such as protection against gastrointestinal tract denaturation and higher absorption across the wall of intestine or stomach. Secondly, the amount of drug reaching the target should be large to obtain the desired therapeutic effect. Another factor that increases acceptance and patient compliance over traditional mode of administration of drug is the biodegradable systems which have gain momentum over non-biodegradable delivery system due to the fact that inert polymer used for the fabrications of the device eventually gets absorbed and excreted by the body alleviating the need of surgical removal of implant after therapy. These factors together are expected to propel the market growth in future forecast. Moreover, factors like device failure, and biocompatibility is expected to restrain the overall market growth.
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Implantable Drug Delivery Devices Market report 2016-2020 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Implantable Drug Delivery Devices market research report is a professional and in-depth study on the current state of Implantable Drug Delivery Devices Industry.
Implantable Drug Delivery Devices market report provides key statistics on the market status of the Implantable Drug Delivery Devices manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Implantable Drug Delivery Devices industry. The Implantable Drug Delivery Devices market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market.
Key Vendors of Implantable Drug Delivery Devices Market: The major market players in the global implantable drug delivery devices market include Boston Scientific, Abbott Laboratories, Medtronic, Merck & Co., Bausch & Lomb Inc., Allergan, Inc., Psivida Corp., and Bayer Healthcare.
Implantable Drug Delivery Devices market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
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Regions of Implantable Drug Delivery Devices market:
In the end, the report makes some important proposals for a new project of Implantable Drug Delivery Devices Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Implantable Drug Delivery Devices industry covering all important parameters.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the Global Implantable Drug Delivery Devices Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
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