The purpose of our comprehensive Transdermal Patches Market analysis is to delve deeply into the market's intricate structure, offering forecasts for its various segments and sub-segments. Our report meticulously examines consumer needs across major regions, types, and applications within the global market, considering the industry's past, present, and future trajectories. Rather than relying on AI content detection, we've conducted thorough analysis based on market type, organizational size, on-premises availability, and end-user organization type.
Contained within the Transdermal Patches Market report are detailed company profiles, product specifications, production values, market shares, and contact information for manufacturers and companies. We've diligently identified and analyzed emerging trends, major drivers, challenges, and opportunities within the market landscape. This research report serves as a crucial resource, offering both current and forthcoming technical and financial insights within the industry up to 2025. The comprehensive profiles of key market players and dominant brands enrich the report, providing a robust foundation for informed decision-making and facilitating robust business growth.
Data Bridge Market Research analyses that the transdermal patches market, which was USD 7,132.45 million in 2022, would rocket up to USD 10,465.37 million by 2030, and is expected to undergo a CAGR of 4.9% during the forecast period.
Definition
A transdermal patch is a medicated adhesive patch applied to the skin to deliver a specific medication dosage into the bloodstream. Transdermal drug delivery differs from other methods of medication delivery (such as oral, topical, intravenous, or intramuscular) due to the controlled release of the medication into the patient that the patch provides, typically through a porous membrane covering a reservoir of drugs or through body heat melting thin layers of medicine embedded in the adhesive.
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Key Growth Drivers:
- Smokers' population growth in the area accelerates the growth
The region's growing smoking population is anticipated to increase demand for nicotine transdermal patches, boosting market growth. For instance, according to information released by the CDC in March 2022, approximately 34.0% of high school students (5.22 million) and 11.3% of middle school students (1.34 million) said they had ever used a tobacco product, such as cigarettes, cigars, smokeless tobacco, hookahs, pipe tobacco, heated tobacco products, nicotine pouches, or bidis (small brown cigarettes wrapped in a leaf). Additionally, among high school and middle school students, e-cigarettes are the most frequently used tobacco product from the same source, followed by cigarettes, cigars, smokeless tobacco, hookahs, nicotine pouches, heated tobacco products, and pipe tobacco.
- Increased cancer rates allow for growth
Breast and prostate cancer incidence are rising, which will likely significantly speed up market growth. For instance, the GLOBOCAN 2020 report states that Mexico reported 195,499 cancer cases in 2020, with breast and prostate cancers being the most prevalent. According to GLOBOCAN 2020, there will be 254,665 new cancer cases in Mexico by 2030 and 323,432 cases by 2040. Thus, the rising incidence of cancer in the population is anticipated to spur demand for transdermal patches containing medication nanoparticles that reduce cancer therapy-related pain.
- Growing investment in healthcare facilities
Surging focus on improving the condition of healthcare facilities and improving the overall healthcare infrastructure is another important factor fostering market growth. The rising number of partnerships and strategic collaborations between the public and private players about funding and application of new and improved technology further creates lucrative market opportunities.
The report emphasizes the participation of key entities, notably:
- AdhexPharma (France)
- ProSolus, Inc (U.S.)
- Tapemark (U.S.)
- tesa Tapes (India) Pvt. Ltd. (Germany)
- Nitto Denko Corporation. (Japan)
- Noven Pharmaceuticals, Inc (U.S.)
- LTS Lohmann Therapie-Systeme AG (Germany)
- Medherant Limited (U.K.)
- Corium, Inc. (U.S.)
- Bayer AG (Germany)
- Novartis AG (Switzerland)
- Antares Pharma (U.S.)
- (U.S.)
- Medipatch, Inc. (U.S.)
- Mylan N.V. (U.S.)
- Acrux Limited (Australia)
- Sparsha Pharma International Pvt Ltd (India)
- Bliss GVS Pharma. (India)
- Johnson & Johnson (U.S.)
- Informa PLC (U.K.)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Transdermal Patchesmarket's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
Product (Single-Layer Drug-In-Adhesive, Multi-Layer Drug-In-Adhesive, Matrix, Reservoir, Vapor, and Others), Type (Fentanyl Transdermal Patch, Nicotine Transdermal Patch, Buprenorphine Transdermal Patch, Clonidine Transdermal Patch, Oxybutynin Transdermal Patch, and Others), Application (Cardiovascular Disorder, Central Nervous System Disorders (CNS), Pain Management/ Relief, Smoking Reduction and Cessation Aid, Overactive Bladder, Nicotine Cessation, Hormonal Therapy/ Disorders, Dermatology, and Others), Technology (Electric Current, Mechanical Arrays, Thermal Ablation, Chemical Enhancers, and Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), End-user (Home Care Settings, Hospitals, and Clinics)
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