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Implantable Drug Delivery Devices Market

Implantable Drug Delivery Devices Market - Global Industry Analysis, Size, Share, Trends And Forecast 2012 - 2018

 
Implantable drug delivery devices are drug eluting devices implanted at targeted sites for therapeutic applications. The global implantable drug delivery devices market was valued at USD 11.6 billion in 2011 and is expected to grow at a CAGR of 8.8% from 2012 to 2018 to reach an estimated value of USD 21.1 billion in 2018. The Asian implantable drug delivery devices market held a market share of over 15% in 2011 and will register the fastest CAGR during 2012 to 2018 owing to economic development in emerging economies such as India and China. 
 
In terms of market leaders for individual product segments, Medtronic led the market in the global implantable infusion pumps market in 2011; however, its market share is expected to plummet by 2018 due to the Class I product recall of SynchroMed II in 2012. On the other hand, Boston Scientific Corporation dominated the coronary drug eluting stents market in 2011. Furthermore, Allergan Inc. will dominate the global intraocular drug delivery market in the coming years, owing to the growing popularity of its biodegradable implant – “Ozurdex.” 
 
Implantable drug delivery devices gain precedence over other drug delivery devices due to the fact that these devices are implanted at the targeted site and deliver unaltered concentrations of drugs at regular intervals. The market overview and trends for the global implantable drug delivery devices is analyzed based on the following attributes:
 
  • Technological trends: The introduction of biodegradable technology based products such as biodegradable intraocular implants and bio-absorbable stents will accelerate the growth of the overall implantable drug delivery devices market. Moreover, these biodegradable implantable drug delivery devices will act as internal substitutes for already existing products such as non-biodegradable intraocular drug delivery implants and coronary drug eluting stents. 
  • External substitutes: The presence of external substitutes and their technological advancement will restrain the growth of the market. For instance, the market growth of the brachytherapy seeds market is impeded by the advent of new technologies and the improvement of pre-existing alternative technologies such as HDR devices, image guided brachytherapy (IGBT) and pulse dose rate (PDR) treatments. 
  • Barriers to new entrants: Implantable drug delivery devices are categorized as Class I high risk medical devices. The approval process of these medical devices involves complicated and stringent FDA and CE regulations and therefore, is an expensive and lengthy affair. Non-compliance of these regulations leads to product recalls. Moreover, the presence of manufacturers with large revenue base such as Merck, Bayer, and Johnson and Johnson, elevates the barrier to new entrants and makes it very difficult for new entrants to sustain themselves. 
  • Patent expiration: Patent expiration of implantable drug delivery devices plays a very important role in determining the competitive scenario and overall market growth. For instance, the patent for Bayer’s Mirena will expire in 2015 and this will open up the market for generic product manufacturers like Teva Pharmaceuticals.
  • Introduction of cheaper products especially in the global contraceptive drug delivery implants market will drive the market in the future. Manufacturers like Bayer and Merck have entered into strategic agreements with the UN, DFID and Marie Stopes International and are marketing their products in emerging and underdeveloped economies by reducing their prices by approximately 50%. Furthermore, the future market expansion strategies adopted by Shanghai Dahua Pharmaceuticals Co. Ltd., that markets its contraceptive drug delivery implant known as Sino-implant at approximately USD 8, will affect the market by stiffening the competition for players like Merck and Bayer.
 
     
    Chapter 1 Preface
    1.1 Report Description
    1.2 Research Methodology
    1.3 Market Segmentation: Implantable Drug Delivery Devices Market
     
    Chapter 2 Executive Summary
     
    Chapter 3 Market Overview
    3.1 Market Dynamics
          3.1.1 Market Drivers
                   3.1.1.1 Market Drivers For The Global Coronary Stents (Drug-Eluting And Bio-Absorbable Stents) Market
                              3.1.1.1.1 Increasing Prevalence Of Cardiovascular Diseases
                              3.1.1.1.2 Rising Number Of Interventional Cardiologists
                              3.1.1.1.3 Increasing Demand For Minimally Invasive Procedures
                   3.1.1.2 Impact Analysis Of The Market Drivers For The Global Coronary Stents (Drug-Eluting And Bio-Absorbable Stents) Market
                   3.1.1.3 Market Drivers For The Global Brachytherapy Seeds Market
                              3.1.1.3.1 Increasing Global Prevalence Of Prostate Cancer
                              3.1.1.3.2 Emergence Of New Disease Applications (Cervical Cancer, Breast Cancer)
                   3.1.1.4 Impact Analysis Of Market Drivers For The Global Brachytherapy Seeds Market
                   3.1.1.5 Market Drivers For The Global Implantable Drug Infusion Pumps Market
                              3.1.1.5.1 Rising Prevalence Of Global Colorectal Cancer
                              3.1.1.5.2 High Prevalence Of Chronic Pain-Causing Disorders
                   3.1.1.6 Impact Analysis Of Market Drivers For The Global Implantable Drug Infusion Pumps Market
                   3.1.1.7 Market Drivers For The Global Intraocular Drug Delivery Implants Market
                              3.1.1.7.1 Global Aging Population
                              3.1.1.7.2 Rising Patient Pool For Diabetes And Diabetic Retinopathy
                   3.1.1.8 Impact Analysis Of Market Drivers For The Global Intraocular Drug Delivery Implants Market
                   3.1.1.9 Market Drivers For The Global Contraceptive Drug Delivery Implants Market
                              3.1.1.9.1 Growing Prevalence Of Unwanted Pregnancies
                              3.1.1.9.2 Government And NGO Initiatives To Promote Contraceptive Products
                   3.1.1.10 Impact Analysis Of Market Drivers For The Global Contraceptive Drug Delivery Implants Market
          3.1.2 Market Restraints
                   3.1.2.1 Product Recalls, Lawsuits And The Introduction Of Internal Product Substitutes
                   3.1.2.2 Stringent FDA And CE Approval Norms
                   3.1.2.3 Implementation Of The Affordable Healthcare For America Act, 2010
                   3.1.2.4 Impact Analysis Of The Market Restraints
          3.1.3 Opportunities
                   3.1.3.1 Introduction Of New And Advanced Implantable Drug Delivery Devices
                              3.1.3.1.1 Microchips
                              3.1.3.1.2 Introduction Of Biodegradable Technology Based Products
    3.2 Market Attractiveness Analysis For The Global Implantable Drug Delivery Devices Market
          3.2.1 Market Attractiveness Analysis Of The Global Implantable Drug Delivery Devices Market By Product Types
          3.2.2 Market Attractiveness Analysis Of The Global Implantable Drug Delivery Devices Market By Geography
    3.3 Market Scenario And Market Trends
          3.3.1 Global Implantable Drug Devices Market, 2011 – 2018 (USD Million)

    Chapter 4 Implantable Drug Delivery Devices Market, By Product Types
    4.1 Overview
    4.2 Global Implantable Coronary Drug Eluting Stents Market
          4.2.1 Global Implantable Coronary Drug Eluting Stents Market, 2010 – 2018 (USD Million)
    4.3 Global Implantable Bio-Absorbable Stents Market
          4.3.1 Global Implantable Bio-Absorbable Stents Market, 2014 – 2018 (USD Million)
          4.3.2 Implantable Bio-Absorbable Stents - Manufacturers And Product Availability Status
    4.4 Global Implantable Brachytherapy Seeds Market
          4.4.1 Global Implantable Brachytherapy Seeds Market, 2010 – 2018 (USD Million)
          4.4.2 Global Implantable Brachytherapy Seeds Market By Product Types, 2010 – 2018 (USD Million)
    4.5 Global Implantable Drug Infusion Pumps Market
          4.5.1 Global Implantable Drug Infusion Pumps Market, 2010 – 2018 (USD Million)
    4.6 Global Intraocular Drug Delivery Implants Market
          4.6.1 Global Intraocular Drug Delivery Implants Market, 2010 – 2018 (USD Million)
    4.7 Global Contraceptive Drug Delivery Implants Market
          4.7.1 Intravaginal Rings
          4.7.2 Hormonal IUDs
          4.7.3 Subdermal Contraceptive Implants
          4.7.4 Global Contraceptive Drug Delivery Implants Market, 2010 – 2018 (USD Million)
          4.7.5 Global Contraceptive Implants Market By Product Types, 2010 – 2018 (USD Million)
     
    Chapter 5 Global Implantable Drug Delivery Devices Market, By Technology
    5.1 Overview
    5.2 Global Biodegradable Drug Delivery Implant Technology Market
          5.2.1 Global Biodegradable Drug Delivery Implant Technology Market, 2010 – 2018 (USD Million)
    5.3 Global Non – Biodegradable Drug Delivery Implant Technology Market
          5.3.1 Global Non – Biodegradable Drug Delivery Implant Technology Market, 2010 – 2018 (USD Million)
     
    Chapter 6 Global Implantable Drug Delivery Devices Market, By Applications
    6.1 Overview
    6.2 Global Implantable Drug Delivery Devices For Ophthalmology Market
          6.2.1 Global Implantable Drug Delivery Devices In Ophthalmology Market, 2010 – 2018 (USD Million)
    6.3 Global Implantable Drug Delivery Devices For Birth Control/Contraceptive Market
          6.3.1 Global Implantable Drug Delivery Devices For Birth Control/Contraceptive Market, 2010 – 2018 (USD Million)
    6.4 Global Implantable Drug Delivery Devices For Cardiovascular Market
          6.4.1 Global Implantable Drug Delivery Devices For Cardiovascular Market, 2010 – 2018 (USD Million)
    6.5 Global Implantable Drug Delivery Devices For Oncology Market
          6.5.1 Global Implantable Drug Delivery Devices For Oncology Market, 2010 – 2018 (USD Million)
    6.6 Global Implantable Drug Delivery Devices For Others Market
          6.6.1 Global Implantable Drug Delivery Devices For Others Market, 2010 – 2018 (USD Million)
     
    Chapter 7 Implantable Drug Delivery Devices Market By Geography
    7.1 Overview
    7.2 North America
          7.2.1 North America Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)
          7.2.2 Comparative Analysis Of The North American Implantable Drug Delivery Devices Market By Product Types, 2011 & 2018 (%)
          7.2.3 The North American Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 (USD Million)
    7.3 Europe
          7.3.1 Europe Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)
          7.3.2 Comparative Analysis Of The European Implantable Drug Delivery Devices Market By Product Types, 2011 & 2018 (%)
          7.3.3 Europe Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 (USD Million)
    7.4 Asia
          7.4.1 Asia Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)
          7.4.2 Comparative Analysis Of The Asian Implantable Drug Delivery Devices By Product Types, 2011 & 2018 (%)
          7.4.3 Asia Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 (USD Million)
    7.5 Rest Of The World (RoW)
          7.5.1 RoW Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)
          7.5.2 Comparative Analysis Of The RoW Implantable Drug Delivery Devices By Product Types, 2011 & 2018 (%)
          7.5.3 RoW Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 
    (USD Million)
     
    Chapter 8 Recommendations
    8.1 Investing In Emerging Technologies And Identifying New Target Disease Segments To Invent New Products Catering To Nascent Segments, E.G. Microchips
    8.2 Conducting Clinical Trials Via External Funding
    8.3 Investing In Emerging Economies
    8.4 Conducting Rigorous Research And Development Exercises
    8.5 Investing In Advertising Campaigns
    8.6 Tracking Patent Expiration Of Branded Products
     
    Chapter 9 Competitive Landscape
    9.1 Market Share Analysis, By Product Types, 2011
          9.1.1 Market Share Analysis For The Global Coronary Drug Eluting Stents Market, By Key Players, 2011
          9.1.2 Market Share Analysis For The Global Brachytherapy Seeds Market, By Key Players, 2011
          9.1.3 Market Share Analysis For The Global Intraocular Drug Delivery Implants Market, 2011
          9.1.4 Market Share Analysis For The Global Contraceptive Drug Delivery Implants Market, 2011
     
    Chapter 10 Company Profiles
    10.1 Merck
          10.1.1 Company Overview
          10.1.2 Financial Overview
          10.1.3 Business Strategies
                    10.1.3.1 Corporate Social Responsibility
                    10.1.3.2 R&D Initiatives
                    10.1.3.3 Advertising And Internet Marketing
          10.1.4 Product Portfolio
          10.1.5 Recent Developments
    10.2 Bausch & Lomb Inc.
          10.2.1 Company Overview
          10.2.2 Financial Overview
          10.2.3 Business Strategies
                    10.2.3.1 Mergers, Acquisitions, And Takeovers
          10.2.4 Product Portfolio
          10.2.5 Recent Developments
    10.3 Medtronic Inc.
          10.3.1 Company Overview
          10.3.2 Financial Overview
          10.3.3 Business Strategies
                              10.3.3.1.1 Investments In R&D
                              10.3.3.1.2 Investing In Emerging Economies
                              10.3.3.1.3 Patent Filing
                              10.3.3.1.4 Mergers And Acquisitions
          10.3.4 Product Portfolio
          10.3.5 Recent Developments
    10.4 Allergan, Inc.
          10.4.1 Company Overview
          10.4.2 Financial Overview
          10.4.3 Business Strategies
                    10.4.3.1 Investing In  Research And Development
                    10.4.3.2 Providing Innovative Products
          10.4.4 Product Portfolio
          10.4.5 Recent Developments
    10.5 Psivida Corp.
          10.5.1 Company Overview
          10.5.2 Financial Overview
          10.5.3 Business Strategies
                    10.5.3.1 Filing Patents
                    10.5.3.2 Strategic Alliance Development
          10.5.4 Product Portfolio
          10.5.5 Recent Developments
    10.6 Bayer Healthcare
          10.6.1 Company Overview
          10.6.2 Financial Overview
          10.6.3 Business Strategies
                              10.6.3.1 R&D Initiatives
                              10.6.3.2 Investment In Growing Economies
                              10.6.3.3 Advertising Campaigns
          10.6.4 Product Portfolio
          10.6.5 Recent Developments
    10.7 Nucletron
          10.7.1 Company Overview
          10.7.2 Financial Overview
          10.7.3 Business Strategies
                    10.7.3.1 Training And Development
          10.7.4 Product Portfolio
          10.7.5 Recent Developments
    10.8 Boston Scientific Corporation
          10.8.1 Company Overview
          10.8.2 Financial Overview
          10.8.3 Business Strategies
                    10.8.3.1 Market Expansion By Entering Into Emerging Economies Like India, China And Brazil
                    10.8.3.2 Cost Controlling And Quality Enhancement Through R&D Restructuring
                    10.8.3.3 Mergers And Acquisitions
                    10.8.3.4 Innovation
          10.8.4 Product Portfolio
          10.8.5 Recent Developments
    10.9 Abbott Laboratories
          10.9.1 Company Overview
          10.9.2 Financial Overview
          10.9.3 Business Strategies
                    10.9.3.1 Business Diversification
                    10.9.3.2 R&D Initiatives
                    10.9.3.3 Investing In Emerging Markets
          10.9.4 Product Portfolio
          10.9.5 Recent Developments
    LIST OF TABLES
     
    Table 1 Market Snapshot: Global Implantable Drug Delivery Devices
    Table 2 Impact Analysis Of Market Drivers For The Global Coronary Stents (Drug-Eluting And Bio-Absorbable Stents) Market
    Table 3 Impact Analysis Of Market Drivers For The Global Brachytherapy Seeds Market
    Table 4 Impact Analysis Of Market Drivers For The Global Implantable Drug Infusion Pumps Market
    Table 5 Impact Analysis Of Market Drivers For The Global Intraocular Drug Delivery Implants Market
    Table 6 Impact Analysis Of Market Drivers For The Global Contraceptive Drug Delivery Implants Market
    Table 7 Impact Analysis Of Market Restraints For The Implantable Drug Delivery Devices Market
    Table 8 Key Implantable Drug Eluting Stent Products By Manufacturers
    Table 9 Implantable Bio-Absorbable Stents By Manufacturers And Product Availability Status
    Table 10 Global Implantable Brachytherapy Seeds Market By Product Types, 2010 – 2018 (USD Million)
    Table 11 Global Contraceptive Implants Market By Product Types, 2010 – 2018 (USD Million)
    Table 12 The North American Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 (USD Million)
    Table 13 Europe Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 (USD Million)
    Table 14 Asia Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 (USD Million)
    Table 15 RoW Implantable Drug Delivery Devices Market, By Product Types, 2010 – 2018 (USD Million)

    LIST OF FIGURES

     

    Fig. 1 Market Segmentation: Implantable Drug Delivery Devices Market

    Fig. 2 Global Implantable Drug Delivery Devices Market By Product Types, 2018 (USD Million)

    Fig. 3 Market Attractiveness Analysis Of The Global Implantable Drug Delivery Devices Market By Product Types

    Fig. 4 Market Attractiveness Analysis Of The Global Implantable Drug Delivery Devices Market By Geography

    Fig. 5 Global Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)

    Fig. 6 Comparative Analysis Of The Global Implantable Drug Delivery Devices Market By Product Types, 2011 & 2018 (%)

    Fig. 7 Global Implantable Coronary Drug Eluting Stents Market, 2010 – 2018 (USD Million)

    Fig. 8 Global Implantable Bio-Absorbable Stents Market, 2014 – 2018 (USD Million)

    Fig. 9 Global Implantable Brachytherapy Seeds Market, 2010 – 2018 (USD Million)

    Fig. 10 Global Implantable Drug Infusion Pumps Market, 2010 – 2018 (USD Million)

    Fig. 11 Global Intraocular Drug Delivery Implants Market, 2010 – 2018 (USD Million)

    Fig. 12 Global Contraceptive Drug Delivery Implants Market, 2010 – 2018 (USD Million)

    Fig. 13 Comparative Analysis Of The Global Implantable Drug Delivery Devices Market By Technology Types, 2011 & 2018 (%)

    Fig. 14 Global Biodegradable Drug Delivery Implant Technology Market, 2010 – 2018 (USD Million)

    Fig. 15 Global Non – Biodegradable Drug Delivery Implant Technology Market, 2010 – 2018 (USD Million)

    Fig. 16 Comparative Analysis Of Global Implantable Drug Delivery Devices By Application, 2011 & 2018 (%)

    Fig. 17 Global Implantable Drug Delivery Devices In Ophthalmology Market, 2010 – 2018 (USD Million)

    Fig. 18 Global Implantable Drug Delivery Devices For Birth Control/Contraceptive Market, 2010 – 2018 (USD Million)

    Fig. 19 Global Implantable Drug Delivery Devices For Cardiovascular Market, 2010 – 2018 (USD Million)

    Fig. 20 Global Implantable Drug Delivery Devices For Oncology Market, 2010 – 2018 (USD Million)

    Fig. 21 Global Implantable Drug Delivery Devices For Others Market, 2010 – 2018 (USD Million)

    Fig. 22 Comparative Analysis Of The Global Implantable Drug Delivery Devices By Geography, 2011 & 2018 (%)

    Fig. 23 North America Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)

    Fig. 24 Comparative Analysis Of The North American Implantable Drug Delivery Devices By Product Types, 2011 & 2018 (%)

    Fig. 25 Europe Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)

    Fig. 26 Comparative Analysis Of European Implantable Drug Delivery Devices By Product Types, 2011 & 2018 (%)

    Fig. 27 Asia Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)

    Fig. 28 Comparative Analysis Of The Asian Implantable Drug Delivery Devices By Product Types, 2011 & 2018 (%)

    Fig. 29 RoW Implantable Drug Delivery Devices Market, 2010 – 2018 (USD Million)

    Fig. 30 Comparative Analysis Of The RoW Implantable Drug Delivery Devices By Product Types, 2011 & 2018 (%)

    Fig. 31 Market Share Analysis For The Global Coronary Drug Eluting Stents Market, By Key Players, 2011

    Fig. 32 Market Share Analysis For The Global Brachytherapy Seeds Market, By Key Players, 2011

    Fig. 33 Merck: Annual Revenues, 2009 – 2011 (USD Million) (Conversion Rate: 1 Euro = 1.34 USD)

    Fig. 34 Medtronic Inc.: Net Sales, 2009 – 2011 (USD Million)

    Fig. 35 Allergan Inc.: Annual Revenues, 2009 – 2011 (USD Million)

    Fig. 36 Psivida: Annual Revenues, 2009-2011 (USD Million)

    Fig. 37 Bayer Healthcare: Annual Revenues, 2009-2011 (USD Million) (Conversion Rate:  1 Euro = 1.34 USD)

    Fig. 38 Elekta: Annual Revenues, 2010 - 2011 (USD Million) (Conversion Rate: 1 Sek = 0.16 USD)

    Fig. 39 Boston Scientific Corporation: Annual Revenues, 2009-2011 (USD Million)

    Fig. 40 Abbott Laboratories: Annual Revenues, 2009-2011 (USD Million)

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Implantable Drug Delivery Devices Market

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