Steady Growth Expected for Global Drug Device Combination Market

The global drug device combination products market is forecasted to grow at a 7.9 percent compound annual growth rate, reaching $115.1 billion by 2019, according to a news release.

In 2012, the market was valued at $66 billion.

Drug device combination products combine a drug and medical device to be produced as a single product, such as infusion pumps, inhalers, coronary stents and intraocular implants.

The growing elderly population is contributing to the rise in demand for drug device combination products, according to the report.

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