Global Transdermal Skin Patches Market Report, Industry Trends Analysis 2023-2028

May 9, 2023 vikaschauhan

IMARC Group, a leading market research company, has recently releases report titled “Transdermal Skin Patches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global transdermal skin patches market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the Transdermal Skin Patches market?

Report Attributes	Details
Market Size in 2022	US$ 7.6 Billion
Market Forecast in 2028	US$ 10.0 Billion
Growth rate (2023 to 2028)	CAGR of 4.4%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is Transdermal Skin Patches?

A transdermal skin patch is a medicated adhesive patch that contains medication and is attached to the skin. The body absorbs the medication from the patch over a period of time through the diffusion technique, which eventually gets released into the bloodstream. They contain drugs, backings, adhesives, liners, membranes, permeators, low electrical currents like iontophoresis, and physical aids. It is used for treating Parkinson’s disease, osteoporosis, cardiac and hormonal disorders, Alzheimer’s, migraine, strokes, dermatology-related issues, HIV, and restless leg syndrome treatments. In recent years, transdermal skin patches are gaining momentum due to their widespread utilization as topical, cosmetic, and transdermal delivery systems.

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What are the growth prospects and trends in the Transdermal Skin Patches Industry?

One of the primary factors driving the market is the increasing number of individuals diagnosed with chronic ailments. Additionally, the ease of administration is boosting the market demand as it improves the compliance of the patient during smoking cessation therapy and treatment of chronic pains.

Other than this, transdermal skin patches offer advantages over oral and ingesting medications, such as it prevents gastrointestinal toxicity, vomiting, and nausea, and lowers the inconvenience caused due to intravenous or parenteral therapies, thus positively influencing the market growth. Besides this, the increasing number of clinical trials and the rising demand for better therapeutics at economical rates are creating a positive market outlook.

Furthermore, key players are extensively investing in research and development (R&D) activities to introduce new product variants, such as pressure-sensitive adhesives and permeation enhancers, to provide a better consumer experience, increase their customer base, and enhance their product portfolio.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Single-layer Drug-in-Adhesive
Multi-layer Drug-in-Adhesive
Matrix
Others

Breakup by Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Stores

Breakup by Application:

Pain Relief
Smoking Reduction and Cessation Aid
Overactive Bladder
Hormonal Therapy
Others

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

Who are the key players operating in the industry?

The report covers the major market players including:

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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