"Designing Growth Strategies is in our DNA"
Transdermal drug delivery system (TDDS) is one of the systems categorized under the controlled drug delivery, where drugs are delivered through the skin at a predetermined and controlled rate. These systems are used for treating various disease conditions such as cardiovascular disorders, and central nervous system disorders, etc. Drugs administered through skin patches include scopolamine (for motion sickness), nicotine (for quitting smoking), nitro-glycerine (for angina), and lidocaine to relieve the pain of shingles (herpes zoster). These devices have various advantages, like prolonged therapeutic effect, reduced side-effects, improved bioavailability, better patient compliance and easy termination of drug therapy. There are three main routes of drug penetration, which include the appendageal, transcellular and intercellular routes.
Growing geriatric population and the rise of several chronic diseases such as orthopedic diseases, and other disorders among the elderly population is fuelling the demand for transdermal drug delivery patches. In addition, transdermal drug delivery system offers several benefits such as enhanced safety, efficacy, and reduced inter-patient variability of doses. These are some of the factors favouring transdermal drug delivery systems market growth.
Key Market Driver -
Rising prevalence of bladder and prostate cancer
Key Market Restraint -
High costs of urinary flow meters
However, high cost of transdermal patches in comparison to other conventional treatment methods and low adoption in emerging markets restrains the growth of the transdermal drug delivery systems market
Some of the major companies that are present in the transdermal drug delivery system market are 3M, Mylan, Lubrizol Corporation, AdhexPharma, DuPont, Novartis AG, Endo International, Purdue Pharma L.P., and others.
Pain management segment is anticipated to hold the largest market share in transdermal drug delivery system devices in the forecast period. Higher adoption of opioid medication patches in pain management, especially among cancer patients, is one of the major factors propelling the growth of the segment in the global market.
North America dominated the global transdermal drug delivery system devices market in 2018, and is projected to continue its dominance during the forecast period. Major factors attributed to the dominance include, rising prevalence of disorders such as, chronic pain, cardiovascular diseases, and central nervous system diseases, along with research activities being conducted by market players to introduce new products in the region. The Asia Pacific transdermal drug delivery system market is projected to register the comparatively higher growth rate in the forecast period.
To gain extensive insights into the market, Request for Customization
Rising healthcare expenditure, growing healthcare awareness, and rising investments by various players operating in the region for the development of novel patches, are some of the factors driving the growth of the transdermal drug delivery systems in the region. Latin America and Middle East & Africa are projected to grow at a moderate CAGR during the forecast period.
By End User
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry