Global Transdermal Patches Market, By Type (Single-layer Drug-in-Adhesive, Multi-layer Drug-in-Adhesive, Matrix, Others), Application (Cardiovascular, CNS, Pain Management, Dermatology, Others), Technology (Electric current, Mechanical arrays, Thermal Ablation, Chemical Enhancers, Others), 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 patches 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 5.75% in the above-mentioned forecast period. Increasing prevalence of chronic diseases drives the transdermal patches market.
Transdermal patches are the type of adhesive patches which are medicated. They help in delivering a preset dose of medication inside the body by using the transdermal technology and diffusion technique. The medication later gets into the blood stream over a period of time. These patches are used for various diseases including migranes, diabetes, Alzheimer’s, cardiac and hormonal disorders among others.
Rising technological advancements in transdermal drug delivery systems is the vital factor escalating the market growth, also rising advantages over the oral and ingesting medications, increasing non-invasive and painless administration of medication, increasing adoption of various strategies such as product innovation, increasing product launches and approvals, rising research and development investment for advancements in transdermal patches, merger and acquisition as their developmental strategies to sustain the competitive environment, rising beneficial government initiatives and an increase in the number of research partnerships are the major factors among others driving the transdermal patches market. Moreover, rising collaborations between pharmaceutical companies and drug delivery firms and rising self-administration and home care drug delivery systems will further create new opportunities for transdermal patches market in the forecasted period of 2021-2028.
However, rising inability of the skin to absorb large range of medications and increasing development of contact dermatitis or other skin infections at the site of application are the major factors among others which will obstruct the market growth, while increasing technical barriers related to skin irritation and permeability will further challenge the growth of transdermal patches market in the forecast period mentioned above.
This transdermal patches 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 patches market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Transdermal Patches Market Scope and Market Size
Transdermal patches market is segmented on the basis of type, application and technology. 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 type, the transdermal patches market is segmented into single-layer drug-in-adhesive, multi-layer drug-in-adhesive, matrix and others.
- Based on application, the transdermal patches market is segmented into cardiovascular, CNS, pain management, dermatology and others.
- The transdermal patches market is also segmented on the basis of technology into electric current, mechanical arrays, thermal ablation, chemical enhancers and others.
Transdermal Patches Market Country Level Analysis
Transdermal patches market is analysed and market size insights and trends are provided by country, type, application and technology as referenced above.
The countries covered in the transdermal patches 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.
North America dominates the transdermal patches market due to rising presence of key players and established healthcare infrastructure, increasing beneficial government initiatives along with increase in the number of research partnership, increasing adoption of various strategies such as product innovation and increasing product launches and approval in this region.
The country section of the transdermal patches 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 patches 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 patches market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the transdermal patches market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Transdermal Patches Market Share Analysis
Transdermal patches 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 patches market.
The major players covered in the transdermal patches market report are AdhexPharma, ProSolus, Inc., Tapemark, Tesa Labtec GmbH, Nitto Denko Corporation, Noven Pharmaceuticals, Inc. LTS Lohmann, Therapie-Systeme AG, Medherant Limited, Corium International, Inc., Bayer AG, ANI Pharmaceuticals Inc., Novartis AG, Janssen Pharmaceuticals Inc., Antares Pharma,., Aneva Drug Delivery Systems, Abbott, Medipatch, Inc., Mylan N.V. and Acrux Limited 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.
Customization Available : Global Transdermal Patches Market
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 customised 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 analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.