According to the latest report by IMARC Group, titled “Global Transdermal Skin Patches Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, 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
Transdermal skin patches are medicated adhesive patches placed on the skin to deliver an accurate dosage of medications. The patches administer medication through the diffusion technique, which gets released into the bloodstream over a long period of time. Transdermal skin patches consist of backings, drugs, membranes, adhesives, liners, chemical enhancers and permeators, physical aids, and low electrical current like iontophoresis. They are used as smoking reduction and cessation aid to relieve pain, overactive bladder, hormonal therapy, Alzheimer’s, HIV, osteoporosis, and cardiac disorders. Transdermal skin patches are available in single-layer and multi-layer drug-in-adhesive forms, which find application across cosmetic, topical, and transdermal delivery systems.
Base Year: 2021
Forecast Year: 2022-2027
Transdermal Skin Patches Market Trends and Drivers:
The global transdermal skin patches market is primarily driven by the increasing demand for non-invasive medication over oral and ingesting medicines that causes gastrointestinal toxicity, nausea, and vomiting. The associated benefits of transdermal drug delivery, such as reducing inconvenience caused by intravenous or parenteral therapies, are also propelling their demand worldwide.
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In addition, the growing prevalence of individuals suffering from ailments, such as cardiac and hormonal disorders, Parkinson’s disease, osteoporosis, and restless leg syndrome, is fueling the market growth.
Furthermore, research and development (R&D) activities have introduced pressure-sensitive adhesives and permeation enhancers, resulting in increased product diffusion and enhanced drug retention ability. These factors are expected to influence market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Transdermal Skin Patches Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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
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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
Breakup by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Stores
Breakup by Application:
- Pain Relief
- Smoking Reduction and Cessation Aid
- Overactive Bladder
- Hormonal Therapy
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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