Pharmaceuticals

Global Transdermal Skin Patches Market Overview And Prospects

December 8, 2021 by The Business Research Company

Learn about the global transdermal skin patches market through The Business Research Company, which provides information on transdermal skin patches market size, transdermal skin patches market drivers and restraints, transdermal skin patches market players, the COVID-19 impact on the transdermal skin patches market, and more.

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The global transdermal skin patches market is expected to grow from $6.15 billion in 2020 to $6.54 billion in 2021 at a compound annual growth rate (CAGR) of 6.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The transdermal skin patches market is expected to reach $7.67 billion in 2025 at a CAGR of 4%.

The advances in the modern technologies are expected to drive innovation in transdermal skin patches manufacturing, thus driving the market during the forecast period.

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The transdermal skin patches market consists of sales of transdermal skin patches products 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 drugs from these patches are absorbed into the body and eventually into the blood stream eliminating the drug delivery through pill, or injections.

Global transdermal skin patches market segments include:

By Product: Matrix, Drug In Adhesive, Reservoir, Vapor

By Type: Fentanyl Transdermal Patch, Nicotine Transdermal Patch, Buprenorphine Transdermal Patch, Clonidine Transdermal Patch, Oxybutynin Transdermal Patch, Others

By Application: Pain Relief, Nicotine Cessation, Hormone Replacement Therapy, Neurological Disorders, Cardiovascular Disorders, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Major companies in the market are increasingly opting for acquisitions and collaborations to enhance and expand their footprint for the growth of the transdermal skin patches market. The strategic merger and acquisition and collaboration followed by the players in the transdermal skin patches market allows the companies to take technological advantage by acquiring the technology which allows them to get ahead in the competition.

TBRC’s transdermal skin patches market report covers:

Major Market Players: Mylan Pharmaceuticals Inc, Hisamitsu Pharmaceutical, Novartis, Johnson & Johnson, Teikoku Pharma, Mylan, Actavis, Mundipharma, Henan Lingrui Pharmaceutical and Changzhou Siyao.

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)

The Transdermal Skin Patches Global Market Report 2021: COVID-19 Growth and Change 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, leading competitor revenues, profiles and market shares.

TBRC’s transdermal skin patches market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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