Product Type (Transdermal Patches, Transdermal Semisolids), Indication (Pain Management, Hormonal Applications, Central Nervous System Disorders, Cardiovascular Diseases, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2029.
Transdermal Drugs Market Analysis and Size
The global transdermal drugs market is expected to witness significant growth during the forecast period. Emerging markets and huge investment in research and development are the factors responsible for the growth of this market. The growth of transdermal drugs market are boosted by the growing cases of chronic disorders such as hypertension, rise in research and development activities, and high adoption of transdermal drugs. COVID-19 also had a major impact on the market growth.
Data Bridge Market Research analyses a growth rate in the global transdermal drugs market in the forecast period 2022-2029. The expected CAGR of global transdermal drugs market is tend to be around 5% in the mentioned forecast period. The market was valued at USD 6.5 billion in 2021, and it would grow upto USD 9.60 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Transdermal drugs are special drugs placed on the skin to deliver a specific dose of medication through the skin for therapeutic use. Once the transdermal drug is applied to the skin, it is released and travels to the stratum corneum, then to the dermis, then migrates to the capillary vessels, and finally into the affected area.
Transdermal Drugs Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Transdermal Patches, Transdermal Semisolids), Indication (Pain Management, Hormonal Applications, Central Nervous System Disorders, Cardiovascular Diseases, Others), End-Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Braeburn Inc. (U.S.), Johnsons & Johnsons Services Inc (U.S.), Boehringer Ingelheim International GmbH (U.S.), Allergan (U.S.), Sun Pharmaceutical Industries Ltd. (India), Sanofi (France), AstraZeneca (India), GlaxoSmithKline Plc. (U.K.), Novartis AG (U.S.), Pfizer Inc. (U.S.), Amneal Pharmaceuticals LLC. (U.S.), Alvogen (U.S.)
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Market Opportunities
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Global Transdermal Drugs Market Dynamics
Drivers
- Increased Collaborations and Acquisitions
Strategic collaborations play a major part in the growth of the market. The market players frequently indulge in partnerships, joint ventures, and mergers and acquisitions. These collaborations uplift the position of the major players in the transdermal drugs market and also aid in carrying out the expansion activities which lead to market growth. This boost the market growth.
- Rising Demand for Oral Drugs
Oral drugs is expected to boost the market growth. The segment is expected to accelerate the global market as most products are available in capsule and tablet form and it is a very feasible route of administration.
Opportunities
- Increased Clinical Studies and Government Initiatives
Rising awareness about the drugs and studies that are conducted for development in identifying the harmful compositions for the body that by government and private companies for better knowledge of these drugs is likely to drive the market growth.
- Increasing Demand for Retail Pharmacies
The rise in the number of narcotic drugs delivered through retail pharmacies and the surge in the number of retail pharmacies in developed countries create opportunities for the market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.
Restraints/Challenges
- Lesser Availability of Drugs
The limited availability of these transdermal drugs in the smaller economies and consequently minimal treatment to the patients could curb the growth of the global transdermal drugs market over a forecast period.
- High Cost
The huge expenditure associated with these drugs surely hamper the market growth. This global transdermal drugs market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global transdermal drugs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Global Transdermal Drugs Market
Considering the present scenario, COVID-19 has left an unprecedented global public health crisis that has impacted practically every business. Its long-term repercussions are expected to influence industry growth during the forecast period. Transition of healthcare infrastructure toward managing COVID-19 has led to drug launch cancellations and delays in clinical trials.
In the post-pandemic era, the number of COVID-19 cases is expected to reduce soon with the introduction of vaccines in the market. This has led to the upliftment of transdermal drug market. With the decline in cases, companies manufacturing these transdermal drugs must focus on operations, and supply networks so that they can respond to urgent emergencies. Thus, this will leave a significant impact on the transdermal drugs market.
Global Transdermal Drugs Market Scope
The global transdermal drugs market is segmented on the basis of product type, indication, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Transdermal Patches
- Transdermal Semisolids
Indication
- Pain Management
- Hormonal Applications
- Central Nervous System Disorders
- Cardiovascular Diseases
- Others
End User
- Hospitals
- Homecare
- Specialty Clinics
- Others
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Transdermal Drugs Market Regional Analysis/Insights
The global transdermal drugs market is analysed and market size insights and trends are provided by product type, indication, distribution channel and end-user as referenced above.
The major countries covered in the global transdermal drugs market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America has been witnessing a positive growth for transdermal drugs market throughout the forecast period due to the high prevalence of the chronic diseases and increase in number of FDA approval drugs.
Asia-Pacific dominates the market due to the developing healthcare facilities, large number of generic manufacturer and rise in government initiatives and specialist communities.
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. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Transdermal Drugs Market Share Analysis
The global transdermal drugs 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global transdermal drugs market
Key players operating in the global transdermal drugs market include:
- Braeburn Inc. (U.S.)
- Johnsons & Johnsons Services Inc (U.S.)
- Boehringer Ingelheim International GmbH (U.S.)
- Allergan (U.S.)
- Sun Pharmaceutical Industries Ltd. (India)
- Sanofi (France)
- AstraZeneca (India)
- GlaxoSmithKline Plc. (U.K.)
- Novartis AG (U.S.)
- Pfizer Inc. (U.S.)
- Amneal Pharmaceuticals LLC. (U.S.)
- Alvogen (U.S)
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