Asia-Pacific CBD Patch Market Report – Industry Trends and Forecast to 2028

Asia-Pacific CBD Patch Market, By Product (Layer Drug-In-Adhesive, Reservoir and Matrix), Spices (Cannabis Indica, Sativa and Hybrid), Packaging (Two To Five Patches, Single Patch and More Than Five Patches), Dosage (below 30mg, 30-40 mg, 40-50mg and above 50 mg), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC) and Others), Application (Chronic Pain, Anxiety, Arthritis, Elevate Mood, Neurological Pain and Others), Source Type (Natural and Synthetic), End User (Homecare Setting, Research And Development Centers, Hospital, Clinics, Rehab Centers and Others), End User (Homecare Setting, Research And Development Centers, Hospital, Clinics, Rehab Centers and Others), Distribution Channel (Dispensaries & Pharmacies, Online and Conventional Stores), Country (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast To 2028.

Market Analysis and Insights: Asia-Pacific CBD Patch Market

Asia-Pacific CBD patch market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 18.1% in the forecast period of 2021 to 2028 and is expected to reach USD 64,169.10 thousand by 2028. Rising use of CBD products and patches for pain relief and consumer awareness acts as driver for the CBD Patch market growth.

CBD patches are transdermal patches containing cannabidiol (CBD). CBD is delivered quickly to the local area around the patch, and then it works its way through the bloodstream. The direct application of a patch on the skin allows the CBD to bypass the digestive system and increase the bio-availability of the product.

There are different types of patches available in the market according to their application. CBD patches are mostly used for the treatment of chronic pain such as neck pain, shoulder pain, lower back pain, and others. CBD patches are also used for the treatment of mental health problem such as insomnia, anxiety, and depression among others. It gives pain relief and keeps a person calm and stress-free because of which the demand for the product in the market is increasing..

The rising use of CBD patches for the treatment of chronic pain is the major driving factor in the market. The side effects associated with CBD can prove to be a challenge however the widening of research scope for medical applications of CBD patches proves to be an opportunity. The restraints by the government and medical bodies for the use of CBD for medical applications and the challenges faced due to the impact of COVID-19 on the supply chain of the raw materials are the restraining factors.

The CBD patch market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the CBD Patch market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific CBD Patch Market Scope and Market Size

The Asia-Pacific CBD patch market is segmented on the based on the product, species, packaging, dosage, derivative, application, source type, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of product, the CBD Patch market is segmented into reservoir, matrix and layer drug-in-adhesive. In 2021, reservoir segment is dominating the CBD Patch market due to its use in varied CBD applications.

On the basis of species, the CBD Patch market is segmented into cannabis indica, hybrid and sativa. In 2021, Cannabis Indica segment is dominating the CBD Patch market due to its high CBD and low THC percentage as compared to sativa and hybrid.

On the basis of packaging, the CBD Patch market is segmented into two to five patches, single patch and more than five patch. In 2021, two to five patches segment is dominating the CBD Patch market due to its high availability.

On the basis of dosage, the CBD Patch market is segmented into below 30 mg, 30-40 mg, 40-50 mg and above 50 mg. In 2021, below 30 mg segment is dominating the CBD Patch market as the market is at its initial stages and new consumers start with low dosage.

On the basis of derivatives, the CBD Patch market is segmented into cannabidiol (CBD), tetrahydrocannabinol (THC) Others. In 2021, cannabidiol (CBD) segment is dominating the CBD Patch market owing to the restrictions on the tetrahydrocannabinol (THC) content of 0.2-0.3% depending on the country of use.

On the basis of application, the CBD Patch market is segmented into chronic pain, anxiety, arthritis, elevate mood, neurological pain and others. In 2021, chronic pain segment is dominating the CBD Patch market due to the increase of cases of chronic pain such as neck pain and shoulder pain.

On the basis of source type, the CBD Patch market is segmented into natural and synthetic. In 2021, natural segment is dominating the CBD Patch market due to the trust of consumers on the natural products as plant based products are considered safe.

On the basis of end use, the CBD Patch market is segmented into homecare setting, research and development centers, hospital, clinics, rehab centers and others. In 2021, homecare setting segment is dominating the CBD Patch market as the CBD product utilization is not yet approved in medical care.

On the basis of distribution channel, the CBD Patch market is segmented into dispensaries & pharmacies, online and conventional stores. In 2021, dispensaries & pharmacies segment is dominating the CBD Patch market due to its established supply chain from the manufacturer to consumer.

Asia-Pacific CBD Patch Market Country Level Analysis

The CBD patch market is analysed and market size information is provided by the country, product, species, packaging, dosage, derivative, application, source type, end user and distribution channel as referenced above.

The countries covered in the CBD Patch market report are the China, South Korea, Japan, India, Singapore, Australia, Malaysia, Philippines, Thailand, Indonesia and rest of Asia-Pacific. China dominates the CBD patch market in Asia-Pacific due to the higher manufacturing facilities for CBD Patch.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Growing Research of CBD Patches for Medical Applications is Boosting the Market Growth of Asia-Pacific CBD Patch Market.

The Asia-Pacific CBD Patch market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.

Competitive Landscape and Asia-Pacific CBD Patch Market Share Analysis

CBD patch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to CBD patch market.

The major companies which are dealing in the Asia-Pacific CBD Patch are Kangdi Overseas Business Co., Ltd., SAVAN, Shenzhen Ruiyan Technology Co., Ltd, Always Pure Organics Ltd, Natures Script and Henan Kangdi Medical Devices-Co. Ltd. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many contract and agreement are also initiated by the companies’ worldwide which are also accelerating the CBD patch market.

For instance,

In November 2019, Social CBD entered into the partnership with Nyjah Huston, SLS World Champion and 12-Time X Games Gold Medalist. With this partnership, Nyjah embraces Social CBD as part of his health and wellness regimen. This will help the company to improve its brand image and expand its customer base in the market.

In December 2018, Snowden Healthcare signed an agreement with JV Healthcare as a new distributor. The company has full line pharmaceutical wholesale distribution center which serves almost 200 pharmacies locally in Malta. This has helped the company to expand its customer base.

SKU-63858

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Asia-Pacific CBD Patch Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Asia-Pacific CBD Patch Market

Asia-Pacific CBD Patch Market Scope and Market Size

Asia-Pacific CBD Patch Market Country Level Analysis

Competitive Landscape and Asia-Pacific CBD Patch Market Share Analysis

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Research Methodology:

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