Transdermal Skin Patches Market: Global Industry Analysis and Forecast 2023-2029

Transdermal Skin Patches Market is expected to reach US$ 11.37 Bn. at a CAGR of 2.7 during the forecast period 2029.
 Transdermal Skin Patches Market Definition
A transdermal patch is a medicated adhesive patch that is placed on the skin to deliver a specific dose of medication through the skin and into the bloodstream. The transdermal drug delivery system (TDDS) is a painless, non-invasive method of drug delivery and takes precedence over other conventional delivery routes.
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Transdermal Skin Patches Market Dynamics
Transdermal therapeutic delivery in gastric irritation, pH balance, and Diabetes mellitus show the systemic delivery of drug and reduce the risk of systemic side effects. Sustained release of drug at the site of application and rapid termination of therapy by removal of formulation make the treatment applicable mostly for chronic disorders. There are also combination patches for contraception, as well as hormone replacement. Oestradiol patches have the highest production by key players and are used by more than a million patients annually and, in contrast to oral formulations, do not cause liver damage.

Now a day, transdermal patches are widely used as cosmetic, topical and transdermal delivery systems. Clinical observations and evidence-based studies in skin cancer, technology and expertise developed skin patch products represent a key outcome in the global transdermal skin patched market.

Innovation, technology, strong R & D and promising solutions for better health are the driving factors for the global market. The successful merger and acquisition activities among key players and leading suppliers of life-saving drugs to various organizations in the Asia Pacific and the world over is commended the rapid growth rate of the global market in the forecast period.
Transdermal Skin Patches Market Segment Analysis:
Single-Layer Drug-in Adhesive have the highest demand by Cosmetologists for skincare treatment.

Single-layer Drug-in Adhesive is, by and large, inexpensive and convenient treatment for patients who want to get rid of remembering to take tablets/pills, and is a relief for their caregivers. The technique works as a self-administered, non-invasive, painless tool and typically allows less frequent or one-time dosing application in comparison to oral and other routes of administration. Development of drug-in-adhesive transdermal patches and in vivo pharmacokinetics & efficacy evaluation is projected largest share of xx% in the global market.

Transdermal Skin Patches have their large contribution to relieving pain during all treatment procedures.

Adoption of the commercial transdermal device and non-inflammatory products on the market for local pain relief is expected to anticipate the global market in the forecast period. The transdermal skin patches are largely utilized for arthritis and chronic back pain especially to reduce back pain. The prevalence of pain in cancer patients is between 30–50% with pain becoming much more common as the cancer advances. Transdermal opioids are safe, effective, and produce significantly fewer side effects than oral morphine when used for moderate to severe cancer pain.
Regional Analysis
North America commanded the largest share of xx% in the global transdermal skin patches market and it is expected to maintain its dominance in the forecast period.

Early use of topical therapy and the development of topical products in the 20th century are driving the global market from North America. Adoptions of adhesive transdermal delivery devices in the treatment and procedures increase the demand for transdermal patches in this region. The presence of major manufacturing companies includes Teva Pharmaceutical Industries, Mylan Pharmaceuticals Inc, 3M Company are fuel the global transdermal skin patches market.

The recently developed/ to-be-launched Transdermal Skin Patch Products in the forecast period 2023-2029.

The objective of the report is to present a comprehensive analysis of the global market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
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Transdermal Skin Patches Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 9.43 Bn.


Forecast Period 2023 to 2029 CAGR:
2.7%
Market Size in 2029:
US $ 11.37 Bn.


 Segments Covered:
by Type
Single Layer Drug in Adhesive
Multiple layer Drug in Adhesive
Matrix
Others


by Application
Pain Relief
Smoking Reduction and Cessation Aid
Overactive Bladder
Hormonal Therapy
Other Application


by Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies



Transdermal Skin Patches Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Teva Pharmaceutical Industries Ltd.
2. Mylan Pharmaceuticals Inc
3. 3M Company
4. Accrux Ltd.
5. Access Pharmaceuticals Inc.
6. Novartis AG
7. Teikoku Pharma USA Inc
8. Hisamitsu Pharmaceutical
9. UCB
10. GlaxoSmithKline
11. Boehringer Ingelheim
12. Johnson & Johnson
13. Endo International
14. Purdue Pharma
15. Chrono Therapeutics
16. CeQur
17. Agile Therapeutics
18. Allergan
19. ANI Pharmaceuticals
20. Antares Pharma
21. Bayer HealthCare Pharmaceuticals
22. Chase Pharmaceuticals

Frequently Asked Questions:

1] What segments are covered in the Global Transdermal Skin Patches Market report?
Ans. The segments covered in the Global Audiology Devices Market report are based on Type and application.

2] Which region is expected to hold the highest share in the Global Transdermal Skin Patches Market?
Ans. North America region is expected to hold the highest share in the global transdermal skin patches market .

3] What is the market size of the Global Transdermal Skin Patches Market by 2029?
Ans. The market size of the global transdermal skin patches market by 2029 is expected to reach US$ 11.37 Bn.

4] What is the forecast period for the Global Transdermal Skin Patches Market ?
Ans. The forecast period for the global transdermal skin patches market is 2023-2029.

5] What was the market size of the Global Transdermal Skin Patches Market in 2022?
Ans. The market size of the global transdermal skin patches market in 2022 was valued at US$ 9.43 Bn.