The latest research study “Transdermal Skin Patches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global transdermal skin patches market reached a value of US$ 7.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.57 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027
A transdermal skin patch is a medicated adhesive patch that contains medication and is attached to the skin. The body absorbs the medication from the patch over a period of time through the diffusion technique, which eventually gets released into the bloodstream. They contain drugs, backings, adhesives, liners, membranes, permeators, low electrical currents like iontophoresis, and physical aids. It is used for treating Parkinson’s disease, osteoporosis, cardiac and hormonal disorders, Alzheimer’s, migraine, strokes, dermatology-related issues, HIV, and restless leg syndrome treatments. In recent years, transdermal skin patches are gaining momentum due to their widespread utilization as topical, cosmetic, and transdermal delivery systems.
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Transdermal Skin Patches Market Trends and Drivers:
One of the primary factors driving the market is the increasing number of individuals diagnosed with chronic ailments. Additionally, the ease of administration is boosting the market demand as it improves the compliance of the patient during smoking cessation therapy and treatment of chronic pains.
Other than this, transdermal skin patches offer advantages over oral and ingesting medications, such as it prevents gastrointestinal toxicity, vomiting, and nausea, and lowers the inconvenience caused due to intravenous or parenteral therapies, thus positively influencing the market growth. Besides this, the increasing number of clinical trials and the rising demand for better therapeutics at economical rates are creating a positive market outlook.
Furthermore, key players are extensively investing in research and development (R&D) activities to introduce new product variants, such as pressure-sensitive adhesives and permeation enhancers, to provide a better consumer experience, increase their customer base, and enhance their product portfolio.
Global Transdermal Skin Patches Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Transdermal Skin Patches Companies:
3M Company, AdhexPharma, LTS Lohmann Therapie-Systeme AG, Luye Pharma Group?, Medherant Limited, Nitto Denko Corporation, Noven Pharmaceuticals Inc. (Hisamitsu Pharmaceutical Co. Inc.), Prosolus Inc., Samyang Holdings Corporation, Tapemark, Teikoku Pharma USA Inc. (Teikoku Seiyaku Co. Ltd), tesa SE (Beiersdorf AG) and Teva Pharmaceutical Industries Ltd
The report has segmented the market on the basis of region, type, distribution channel and application.
Breakup by Type:
- Single-layer Drug-in-Adhesive
- Multi-layer Drug-in-Adhesive
- Matrix
- Others
Breakup by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Stores
Breakup by Application:
- Pain Relief
- Smoking Reduction and Cessation Aid
- Overactive Bladder
- Hormonal Therapy
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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