Published by mark itwired
Posted on September 30, 2021
4 min readLast updated: February 1, 2026
The implantable drug-eluting devices market is expanding due to innovations in cardiology, oncology, and contraception. Key regions include North America and Europe.
Implantable drug-eluting devices are playing a key role in the management and treatment of various chronic disorders, particularly cardiovascular diseases. Advancements in micro and nanotechnology are aiding key manufacturers to design novel implantable drug-eluting devices.
Moreover, controlled and site-specific attributes of implantable drug-eluting devices, further complemented by compatibility with the targeted drug delivery, are relieving the burden of complex dosing schedule and systemic toxicity of conventional drug delivery system. The global implantable drug-eluting devices market is projected to cross the US$ 10 Bn mark towards the end of 2019. Market leaders in implantable drug-eluting devices landscape are maintaining their focus on refining manufacturing processes.
Increasing clinical trials and research & development of remote-controlled and programmable drug-eluting devices
Massachusetts Institute of Technology (MIT) researchers have developed a remote-controlled contraceptive hormone (levonorgestrel) delivery chip implant, which can turn the device on and off.
Implantable drug-eluting devices allow minimum effective doses and support oral opioid weaning
Implantable drug-eluting devices such as SynchroMed II intrathecal drug delivery system with controlled workflow system, plays an effective role in reducing or eliminate the use of oral opioids.
Antiretroviral (ARV) drug implant is expected to emerge as a promising approach for HIV treatment and prevention
In July 2019, Merck & Co. started the development of slow-release antiretroviral (ARV) drug implant as a promising approach for HIV treatment.
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Medical-Pharma Collaborating to Balance Demand and Supply
A comprehensive view of the implantable drug-eluting devices market has led our analysts to conclude that, the market is expected to grow with an impressive rate. This market growth is mainly attributed due to increasing innovations and developments in implantable drug-eluting devices for the management and treatment of breast cancer, schizophrenia, Parkinson’s disease, and photosensitivity diseases. Besides, FMI analyst suggests that markets in North America and Europe are expected to hold major value shares in global implantable drug-eluting devices landscape. To cater to rising demand for implantable drug-eluting devices, medical device companies are collaborating with pharmaceutical companies for the development of efficient drug delivery devices.
The implantable drug-eluting devices market, a new study from Future Market Insights, opines on the evolution of the implantable drug-eluting devices market from 2014 – 2018 and presents demand projections from 2019 – 2029 on basis of product type (implantable drug infusion pumps, intraocular drug-eluting devices, contraceptive drug-eluting devices, buprenorphine implant and drug-eluting stents), technology (active drug-eluting devices and passive drug-eluting devices) applications (diabetes macular edema, birth control/contraception, opioid addiction, cardiovascular, ophthalmology, oncology, pain management, others) implantation type (intravaginal, intravascular, intraocular, intrathecal, subcutaneous, intrauterine) end users (hospitals, ambulatory surgical centers, optical care centers, cardiac surgery centers, office-based setting and others) in seven prominent regions.
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What is the valuation of the global market for implantable drug-eluting devices?
Future Market Insights estimates that the sales of implantable drug-eluting devices are expected to generate revenue of nearly US$ 10.7 billion by 2019. The market is also estimated to grow at a healthy CAGR of approximately 6% during 2019-2029.
Which implantable drug-eluting devices are commonly used among end-users?
Owing to the alarming rise in the global prevalence of cardiovascular disorders, the demand for implantable drug-eluting stents is increasing at a rapid pace.
What are the important applications of implantable drug-eluting devices that are influencing manufacturers’ strategies?
Implantable drug-eluting devices are vastly used in applications apart from cardiovascular surgeries, which include chronic pain management and birth control, for localized and site-specific drug delivery.
What are the latest trends in the global market for implantable drug eluting devices?
Leading manufacturers are introducing biodegradable and non-biodegradable categories of implantable drug eluting devices to cater to expand their profitable sales in the global market.
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The post Implantable Drug-Eluting Devices Market by Application – Cardiology, Oncology, and Contraception first appeared on Market Research Blog.
The article discusses the market for implantable drug-eluting devices, focusing on applications in cardiology, oncology, and contraception.
How are technological advancements impacting the market? They are enabling the development of novel devices and improving drug delivery.
Which regions are leading in market share? North America and Europe are expected to hold major shares in the market.
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