Global Transdermal Drug Delivery Systems Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Transdermal drug delivery systems transport drugs through the skin to guarantee a systemic drug circulation and maintain clinically effective concentrations at a predetermined rate over an estimated timeline. The drug or medicine is generally applied in the form of a plaster, patch, or ointment such that the drug is gradually absorbed into the systemic circulation. Transdermal drug delivery systems comprise of five key components mainly the drug, polymer matrix, permeation enhancers, adhesives, and backing layers. This system of drug transfer is easy-to-use and more convenient than conventional drug administration systems. The global transdermal drug delivery systems market is accounted approximate USD 36767.1 million in 2020 and it is expected to reach approximate USD 92795.1 million by 2030 with a CAGR of 9.7% during forecast period.
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Market Dynamics and Factors:
Rising geriatric population along with growth in chronic diseases across the globe are the major factors driving the transdermal drug delivery systems market. For instance, according to World Health Organisation in 2017, there are about 422 million people suffering from diabetes across the globe. Furthermore, the advantage of transdermal drug delivery system over other conventional drug delivery system is also attributing towards the growth of the market. For instance, there are certain limitations linked with oral drug delivery, such as incomplete delivery of drugs to the target site due to unexpected gastrointestinal absorption. The injectable drug delivery system is an effective mode but the pain associated with injections limits its usage among many individuals. However, certain factors like high cost of transdermal drug delivery system; natural limits of drug entry due to skin’s permeability; and irritation are going to restrain the market growth of transdermal drug delivery systems.
Market Segmentation:
Global Transdermal Drug Delivery Systems Market – By Type
Transdermal Patches
Transdermal Semisolids
Global Transdermal Drug Delivery Systems Market – By Application
Pain Management
Hormonal Applications
Central Nervous System Disorder
Cardiovascular Diseases
Others
Global Transdermal Drug Delivery Systems Market – By End-Users
Hospitals
Clinics
Home Care
Others
Global Transdermal Drug Delivery Systems Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global transdermal drug delivery system in terms of market share during the forecast period. The rising occurrence of chronic health disorders such as cardiovascular diseases, diabetes, and neurological disorders is increasing the demand for transdermal drug delivery systems in the region. For instance, according to American Diabetes Association in 2017, more than 1.5 million Americans are diagnosed with diabetes every year. Europe is expected to be the second most dominating market for transdermal drug delivery systems during the forecast period in terms of market share. Rising usage of vapour patch to reduce smoking, and increasing emphasis of patients for simple drug delivery systems are certain factors enhancing the market growth in the region. The Asia Pacific region is anticipated to be the fastest growing market for transdermal drug delivery systems during the forecast period. The huge patient pool of chronic diseases; growing healthcare infrastructure; and rising investments by key players in the APAC region are some factors attributing for the market growth of transdermal drug delivery systems in the region.
Competitive Scenario:
The key players operating in the global transdermal drug delivery systems market are –
Johnson & Johnson, GlaxoSmithKline, Novartis AG, Bayer AG, Acrux Limited, Hisamitsu Pharmaceutical Co. Inc., Allergan Plc., Pfizer, Actelion Pharmaceuticals Ltd., Boehringer Ingelheim International GmbH.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Transdermal Drug Delivery Systems industry, although key threats, opportunities and disruptive technologies that could shape the Global Transdermal Drug Delivery Systems Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Transdermal Drug Delivery Systems Market most.
The data analysis present in the Global Transdermal Drug Delivery Systems Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Transdermal Drug Delivery Systems Market business.
The 2021 Annual Global Transdermal Drug Delivery Systems Market offers:
100+ charts exploring and analysing the Global Transdermal Drug Delivery Systems Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Transdermal Drug Delivery Systems Market type
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