Implantable Drug Delivery Devices Market Industry Top Players And ForecastPosted by Neha Bora on January 15th, 2020 San Francisco, 15 January 2020: The Report Implantable Drug Delivery Devices Market Analysis Report By Type (Biodegradable, Non-biodegradable), By Product, By Technology (Diffusion, Osmotic, Magnetic), By Application, And Segment Forecasts, 2018 – 2025 The global implantable drug delivery devices market size is expected to reach USD 31.6 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.5% CAGR during the forecast period. Growing incidence of chronic diseases, coupled with rising demand for minimally invasive treatment options, is driving the market for implantable drug delivery devices. Recent advancements in medication administration technologies are expected to fuel market growth over the forecast period. Increase in adoption of micro-scale implantable devices is one of the key factors fueling growth. These products find application in monitoring improvement in body functions, imaging, and medication administration. They facilitate localized treatment with controlled drug administration and enable targeted delivery of therapeutics to tissues. These devices help overcome limitations of intravenous, oral, and topical administration routes, thus broadening the growth prospects of the market. In addition, advent of biodegradable implants enables targeted delivery of chemotherapeutics to tumor cells without damaging normal cells. Drug releasing implants are also helpful in treatment of inoperable tumors such as that of liver, brain, and lungs, due to their location and size. These devices help in reducing tumor size, which enables surgical removal of tumors. The aforementioned benefits of these devices are expected to impel their adoption over the forecast period. Manufacturers are focused on developing novel drug delivery devices to gain maximum market share, which has resulted in launch of various technologically advanced products in the market. For instance, in February 2017, Delpor, Inc., a biotechnology company in U.S., announced the launch of an implantable device for long-term delivery of therapeutics. Access Research Report of Implantable Drug Delivery Devices Market @ www.grandviewresearch.com/industry-analysis/implantable-drug-delivery-devices-market Further key findings from the report suggest:
Grand View Research has segmented the global implantable drug delivery devices market on the basis of product, type, technology, application, and region: Implantable Drug Delivery Devices Product Outlook (Revenue, USD Million, 2014 - 2025)
Implantable Drug Delivery Devices Type Outlook (Revenue, USD Million, 2014 - 2025)
Implantable Drug Delivery Devices Technology Outlook (Revenue, USD Million, 2014 - 2025)
Implantable Drug Delivery Devices Application Outlook (Revenue, USD Million, 2014 - 2025)
Implantable Drug Delivery Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)
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