Innovative Drug-Device Combinations Propel Market Growth at 9.1% CAGR
The Drug-Device Combination Products Market is projected to reach approximately USD 333 billion by 2033, up from USD 139.6 billion in 2023, reflecting a compound annual growth rate (CAGR) of 9.1% over the forecast period from 2024 to 2033. This significant market expansion is driven by several factors, including the increasing prevalence of chronic diseases, advancements in medical technology, and the rising demand for minimally invasive treatment options. Growth in this market is primarily fueled by the surge in chronic illnesses such as diabetes, cardiovascular diseases, and respiratory conditions, which necessitate innovative and efficient drug delivery systems. The adoption of…
- Date: May 22, 2024
- Author: Robert Shaw
- Category: PharmiWeb