"Designing Growth Strategies is in our DNA"

Transdermal Skin Patches Market Size, Share & Industry Analysis, By Type (Drug-In-Adhesive, Reservoir, Matrix, Others), By Application (Central Nervous System Disorders, Cardiovascular Disorders, Hormonal Disorders, Pain Management, Nicotine Cessation, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102493 | Status : Ongoing

 

KEY MARKET INSIGHTS

The technological advancements in drug delivery systems have led to the innovation in transdermal patches. The transdermal skin patches are articulated to deliver the active ingredients of drugs across the skin into the systemic blood circulation in a continued or measured mode through diffusion. Apart from being convenient to the patients and noninvasive, the transdermal route offers other advantages such as circumventing first-pass digestion and avoidance of gastric/enzymatic drug degradation. Moreover, by using the transdermal route, steady-state concentrations of the drug in plasma can be achieved. The transdermal patches are currently being commercialized as hassle-free, convenient, and durable products. These patches can be worn until seven days, depending on their therapeutic indication. Growing use of transdermal patches in the treatment of osteoporosis in men; migraine, Alzheimer’s disease, and hormonal disorders is likely to propel the growth of the market.


Key Market Driver -

Growing adoption of transdermal patches due to pain-free self-administration of drugs, a steady- state concentrations of the drug in plasma and keeping away from gastrointestinal toxicity is anticipated to drive the market

Key Market Restraint -

Limited awareness and high cost of products


The transdermal skin patches market is anticipated to experience lucrative growth during the forecast period owing to factors such as rising benefits over the ingesting and oral medications, the prolonged activity of the drug, and ease of administration. Transdermal skin patches are quite useful in avoiding gastrointestinal toxicity/acidity as it bypasses first step metabolism and avoidance of enzymatic and/ or gastric drug degradation. This delivery system also avoids traditional oral route or use of syringes to inject medications. Being non-invasive, this mode of drug delivery lowers the troublesomeness triggered due to intravenous or parenteral therapies. These patches offer convenient and ache-free self-administration of drugs, ease to the patients, and accomplished steady-state concentrations of the drug in plasma, these factors may contribute to boosting the global transdermal patch market in the projected period.

However, the skin is a very good barrier, it only allows small molecule medications to penetrate and diffuse through it and large molecules are exempted, making only small drugs to be delivered this can be a major restraint for the market.

Market Segmentation:


Globally, the transdermal skin patches market can be segmented on the bases of type, applications, components, end-users, and region. Based on the type the market can be segmented into drug-in-adhesive, reservoir, matrix, and others. Based on the applications, the market can be segmented into central nervous system disorders, cardiovascular diseases, hormonal diseases, pain management, nicotine cessation, and others. Based on the distribution channel, the market can be segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Geographically, the transdermal skin patches market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Key Players Covered:


Mylan N.V., Hisamitsu Pharmaceutical Co. Inc., UCB S.A., Belgium, Novartis AG, GlaxoSmithKline plc., Boehringer Ingelheim International GmbH. Teva Pharmaceutical Industries Ltd., Endo Pharmaceuticals Inc., Johnson & Johnson Services, Inc., and others.

Key Insights:



  • Key Strategies of Leading Market Players

  • New Product Launches

  • Introduction of New Products/Approvals (By Major Players)

  • Key Industry Developments Mergers, Acquisitions, And Partnerships


Regional Analysis:


To gain extensive insights into the market, Request for Customization


Geographically, North America is likely to account for the major market share and is also anticipated to retain its ascendancy throughout the forecast period. The region will prove to be a profitable market for transdermal patch manufacturers due to enormous healthcare expenditure and rise in research and development activities to produce minimally invasive treatment solutions for long-lasting conditions such as smoking, motion sickness, pain relief and others. Europe market is likely to hold the second-largest share in the market, due to the rise in prevalence of chronic diseases and the adoption rate of the non-invasive and novel treatment in the region. However, Asia-Pacific possesses the high market potential for growth of the market due to the rise in the geriatric population and an increase in the purchasing power of the population in the Asian countries. Numerous government initiatives across different countries will impact the market outlook over the projected timeframe.

Segmentation


























 ATTRIBUTE

 DETAILS

By Type



  • Drug-In-Adhesive

  • Reservoir

  • Matrix   

  • Others



By  Application



  • Central Nervous System Disorders

  • Cardiovascular Disorders

  • Hormonal Disorders

  • Pain Management

  • Nicotine Cessation

  • Others



By Distribution Channel



  • Hospital Pharmacies

  • Retail Pharmacies

  • Online Pharmacies



By Geography



  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



 Transdermal Skin Patches Market Industry Developments



  • In July 2018, Mylan N.V. announced the U.S. FDA launch of Rivastigmine Transdermal System, a generic version of Novartis Exelon Patch, that is indicated for the treatment of dementia, Alzheimer's disease and Parkinson's disease. Such novel product launch assisted the company to expand its product portfolio.

  • In August 2019, Johnson & Johnson Services, Inc. announced DURAGESIC (fentanyl transdermal system) CII which is an FDA-approved transdermal patch designed to help patients suffering from severe pain.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Healthcare Clients

Pfizer
Grifols
Johnson
Galemed
Siemens Healthineers

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“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
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X