North America Drug Device Combination Products Market Size & Outlook
North America drug device combination products market, 2018-2030 (US$M)
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North America drug device combination products market highlights
- The North America drug device combination products market generated a revenue of USD 57,204.6 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, transdermal patches was the largest revenue generating product in 2023.
- Drug Eluting Stents is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 57,204.6 million |
| Market revenue in 2030 | USD 98,759.2 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Transdermal patches |
| Fastest growing segment | Drug Eluting Stents |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photodynamic Therapy Devices, Transdermal Patches, Wound Care Products, Infusion Pumps, Orthopedic Combination Products, Drug Eluting Stents, Inhalers, Antimicrobial Catheters |
| Key market players worldwide | Abbott Laboratories, Terumo Corp, Stryker Corp, Viatris Inc, Medtronic PLC, Boston Scientific Corp, Novartis AG ADR, Becton Dickinson & Co, Teleflex Inc, W L Gore & Associates |
Other key industry trends
- In terms of revenue, North America region accounted for 41.3% of the global drug device combination products market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 66,066.1 million by 2030.
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Drug Device Combination Products Market Scope
Drug Device Combination Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America drug device combination products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drug device combination products market will help companies and investors design strategic landscapes.
Transdermal patches was the largest segment with a revenue share of 23.06% in 2023. Horizon Databook has segmented the North America drug device combination products market based on photodynamic therapy devices, transdermal patches, wound care products, infusion pumps, orthopedic combination products, drug eluting stents, inhalers, antimicrobial catheters covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, North America dominated the global drug device combination products market. The dominance can be attributed to the well-established healthcare sector, commitment to innovation, advanced infrastructure, a strong emphasis on Research & Development (R&D), and the high prevalence of chronic conditions, such as cardiovascular diseases.
As per the CDC, every year about six in 10 American adults suffer from at least one chronic condition that requires specialized care and attention. Moreover, favorable government regulations and reimbursement policies contribute to market dominance. Regulatory bodies such as the FDA ensure rigorous quality standards, assuring healthcare professionals and patients of the safety & effectiveness of various healthcare products, including drug-device combination products.
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Our clientele includes a mix of drug device combination products market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America drug device combination products market , including forecasts for subscribers. This continent databook contains high-level insights into North America drug device combination products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America drug device combination products market size, by country, 2018-2030 (US$M)
North America Drug Device Combination Products Market Outlook Share, 2023 & 2030 (US$M)
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