The Global Transdermal Skin Patches Market Report by The Business Research Company covers transdermal skin patches market drivers and restraints, transdermal skin patches market size, major players, and the impact of COVID-19 on the transdermal skin patches market.
The transdermal skin patches market consists of sales of transdermal skin patches and related services used to provide medicine to the human body through patches. Transdermal skin patches involve the use of adhesive patches made up of polymers that contains drugs. The drug from these patches is absorbed into the body and eventually into the blood stream eliminating the need for drug delivery through pills or injections.
The global transdermal skin patches market reached a value of nearly $6,504.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.9% since 2015. The market is expected to grow from $6,504.6 million in 2020 to $7,910.6 million in 2025 at a rate of 4.0%. The market is then expected to grow at a CAGR of 3.5% from 2025 and reach $9,390.0 million in 2030.
Rapid growth in the geriatric population is expected to drive the demand for transdermal skin patches during the forecast period. The older population is prone to the majority of neurological disorders like dementia, Alzheimer’s disease, Parkinson’s disease, and others. The proportion of people above the age of 65 years is expected to increase globally and with it, age-related neurological disorders are also expected to increase. Therefore, the rise in the geriatric population would lead to an increase in the demand for transdermal patch systems available for neurologic conditions thereby boosting the market for transdermal skin patches during the forecast period.
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Some transdermal skin patches market trends include robust research and development activities. These research and development activities have led to increasing success rates in clinical trials. Moreover, companies in the transdermal skin patches market are investing on the advancements in nicotine transdermal patches to encash rising investment opportunities.
Global transdermal skin patches market segments include:
1) By Product: Drug In Adhesive, Matrix, Reservoir, Vapor
2) By Type: Fentanyl Transdermal Patch, Estradiol Transdermal Patch, Nicotine Transdermal Patch, Clonidine Transdermal Patch, Testosterone Transdermal Patch, Others Type
3) By Application: Pain Relief, Neurological Disorders, Hormone Replacement Therapy, Nicotine Cessation, Cardiovascular Disorders, Others
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Transdermal Skin Patches Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides transdermal skin patches market overviews, analyzes and forecasts market size, share, transdermal skin patches market players, transdermal skin patches market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The transdermal skin patches identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Transdermal Skin Patches Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Novartis, Hisamitsu Pharmaceutical, Hercon Pharmaceuticals, Mylan Pharmaceuticals Inc. (Viatris Inc.), The 3M Company
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Transdermal Skin Patches Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Transdermal Skin Patches Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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