Global Transdermal Gel Market, By End-User (Home Care Settings, Hospitals and Clinics), Technique (Ionophoresis, Electroporation, Sonophoresis), Application (Pain Management, Hormonal Applications, Central Nervous System Disorders, Cardiovascular Diseases), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Transdermal gel market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 12.36% in the above-mentioned forecast period. Increasing health expenditure in developing countries drives the transdermal gel market.
Transdermal is a route of administration where active ingredients are delivered across the skin for systematic distribution. Transdermal gel is a medication that is applied and absorbed directly through the skin which can provide both local and systemic effects. Different pathways by which drugs can cross the skins and reach systematic circulations are- transcellular pathway, intercellular pathway and microneedles.
High prevalence of skin diseases is the vital factor escalating the market growth, also high incidence of burn injuries, rising prevalence of diabetes, rising sedentary lifestyle, obesity which causes hypertension, hormonal imbalance among others, rising expenditure in the healthcare industry and rising research and development activities for the better medication are the major factors among others driving the transdermal gel market. Moreover, rising modernization and technological advancements in the healthcare machinery, rising delivery of biologics through the transdermal route and increasing self-administration and home care will further create new opportunities for transdermal gel market in the forecasted period of 2021-2028.
However, rising awareness regarding the side effects of the transdermal gel is the major factors among others which will obstruct the market growth, and will further challenge the growth of transdermal gel market in the forecast period mentioned above.
Transdermal gel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 transdermal gel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Transdermal Gel Market Scope and Market Size
Transdermal gel market is segmented on the basis of end-user, technique and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of end-user, transdermal gel market is segmented into home care settings and hospitals and clinics.
- Based on technique, the transdermal gel market is segmented into ionophoresis, electroporation and sonophoresis.
- The transdermal gel market is also segmented on the basis of application into pain management, hormonal applications, central nervous system disorders and cardiovascular diseases.
Transdermal Gel Market Country Level Analysis
Transdermal gel market is analysed and market size insights and trends are provided by country, end-user, technique and application as referenced above.
The countries covered in the transdermal gel market report are 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.
Asia-Pacific dominates the transdermal gel market due to rising modernization and technological advancements in the healthcare machinery, rising delivery of biologics through the transdermal route, increasing incidence of skin diseases (such as skin cancer), growing focus of pharmaceutical companies on the R&D of smart transdermal drug delivery systems and increasing use of contraceptives in this region.
The country section of the transdermal gel market 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Transdermal gel market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for transdermal gel market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the transdermal gel market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Transdermal Gel Market Share Analysis
Transdermal gel 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 transdermal gel market.
The major players covered in the transdermal gel market report are 3M, Boehringer Ingelheim International GmbH, Mylan N.V., Norvartis AG, GlaxoSmithKline plc., Novel Pharmaceutical Labs, LTS Lohmann Therapie- Systeme AG, Johnson & Johnson Services, Inc., Bayer AG, Corium International, Inc. and Teva Pharmaceutical Industries Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.