North America Drug-Device Combination Market is growing with factors such as rising prevalence of chronic diseases and growing geriatric population. Enabling home treatment and emphasizing technological advancements in healthcare and healthcare combination products also acts as a major factor for the growth of the market. Favorable government initiatives and growing support by healthcare organizations and government bodies also given a boom to the North America drug-device combination market.
Technological advancements have propelled the demand of the market. However, risk associated with combination products and product recalls has decreased the demand of the market.
North America Drug-Device Combination Market Scenario
According to Data Bridge Market Research, the market for North America drug-device combination in US has the highest market share. Market leader is Amgen, Inc., which accounts an estimated market share of approximately 30.81 % in the North America market. The company has gained outstanding sale by providing novel drug-device combination products.
- In October 2009, Simponi (Golimumab) received European Approval as once-monthly subcutaneous anti-TNF for treatment of rheumatoid arthritis, psoriatic arthritis and ankylosing spondylitis with novel Smartject auto injector. This has strengthened the company’s footprint in Europe and boosted the market growth.
Trends Impacting the Market
Now the question is which other regions Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.), Amgen Inc. and GlaxoSmithKline Plc. are targeting? Data Bridge Market Research has forecasted a large growth in North America drug-device combination market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2021.
The drug-device combination market is becoming more competitive with companies like Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.), Amgen Inc. and GlaxoSmithKline Plc. These are the top dominating companies in drug-device combination market and have launched novel products, services and consumables in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the North America drug-device combination market.
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Drug-Device Combination Market Developments
- In January 2020, Amgen Inc. announced the successful strategic collaboration with BeiGene. It is predicted that this collaboration enhanced the company’s footprints in China oncology market in the coming years.
- In October 2020, Glaxosmithkline Plc announced that the European Medicines Agency (EMA) has accepted regulatory submissions seeking approval for the use of anti-IL5 biologic Nucala (mepolizumab) in three additional conditions: hypereosinophilic syndrome (HES), chronic rhinosinusitis with nasal polyps (CRSwNP) and eosinophilic granulomatosis with polyangiitis (EGPA). This has increased the company’s revenue thereby attracted more customers towards their company.
- In September 2018, Amgen Inc. received marketing approval from the Japanese Ministry of Health, Labour and Welfare for Blincyto (blinatumomab). The first line usage of Blincyto (blinatumomab) is to treat relapsed or refractory B-cell acute lymphoblastic leukemia. This approval has accelerated company position in Japanese market.
Scope of the Drug-Device Combination Market
North America drug-device combination market is segmented on the basis of countries into the U.S., Canada, Mexico.
- All country based analysis of the North America drug-device combination market is further analysed based on maximum granularity into further segmentation. On the basis of product, the drug-device combination market is segmented into auto-injector, microneedle patch, digital pill, smart inhaler, drug delivery hydrogels, drug-eluting lens, and others. Auto-injector is further sub-segmented into wearable auto-injector, hand-held auto-injector. On the basis of applications, the North America drug-device combination market is segmented into orthopedic diseases, respiratory diseases, diabetes, oncology, cardiovascular diseases, and others. On the basis of end-users, the North America drug-device combination market is segmented into clinics, hospitals, home care settings, ambulatory care centers, and others. On the basis of distribution channels, the North America drug-device combination market is segmented into direct tender, retail sales, and others.
To know more about the study https://www.databridgemarketresearch.com/reports/north-america-drug-device-combination-market
Key Pointers Covered in North America Drug-Device Combination Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market value and over view of drug-device combination market
- Company profiling of top eight players of drug-device combination market
Key Market Competitors Covered in the Report
- Mediprint
- OcuMedic
- Medtronic
- GlaxoSmithKline Plc
- BD
- Janssen Pharmaceuticals, Inc. (a subsidiary of Johnson & Johnson Services, Inc.)
- Bayer AG
- Micron Biomedical, Inc.
- Otsuka America Pharmaceutical, Inc.
- VAXXAS
- Propeller Health
- Raphas Co., Ltd.
- EOFLOW CO., LTD.
- Insulet Corporation
- TheraJect
- Zimmer Biomet
- Amgen Inc.
- Eitan Medical
Above are the key players covered in the report, to know about more and exhaustive list of drug-device combination companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-drug-device-combination-market
Research Methodology: North America Drug-Device Combination Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Geneticists, Healthcare Industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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