Transdermal Gel Market Scope
A transdermal gel is part of transdermal drug delivery which is the type of medication that is applied to and absorbed directly in the skin. The popularity of transdermal gel products is increasing as various drugs have been delivered by this route because of its non-invasive and painless treatment. The transdermal gels which are semi-solid systems consist of either suspension with small inorganic particles or large organic molecules mixed with liquid. The increasing number of skin disease cases and injuries are driving the market along with the demand for minimally invasive and painless treatment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M Company (United States), Novartis International AG (Germany), Boehringer Ingelheim International GmbH (Germany), Merck & Co., Inc. (United States), Mylan N.V (United States), Mary's Medicinal (United States) and Zynerba Pharmaceuticals, Inc. (United States) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Transdermal Gel market throughout the predicted period.
3M Company (United States), Novartis International AG (Germany), Boehringer Ingelheim International GmbH (Germany), Merck & Co., Inc. (United States), Mylan N.V (United States), Mary's Medicinal (United States) and Zynerba Pharmaceuticals, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Tapemark (United States) and LTS Lohmann Therapie-Systeme AG (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Transdermal Gel market by Type , by Application (Hospital, Clinic and Other) and Region with country level break-up.
On the basis of geography, the market of Transdermal Gel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2020 , DermBiont, Inc., a clinical stage precision dermatology company targeting skin diseases at their root cause has expanded its pipeline and therapeutic modalities with the acquisition of SeylanMED, Inc.
In February 2020, Zynerba Pharmaceuticals, Inc. leader in pharmaceutically produced transdermal cannabidiol therapies for rare and near rare neuropsychiatric disorders. The company announced the issue of new US patent no. titled "treatment of autism and cannabidiol" directed to methods of treating autism spectrum disorder (ASD) by transdermally administering via gel or cream, a therapeutically effective amount of purified cannabidiol (CBD).
Influencing Trend:
The Introduction of CBD based Transdermal Gel and Online Availability of Transdermal Gel
Market Growth Drivers:
Increasing Skin Diseases in People Across the World and Demand for Minimally Invasive and Painless Approach for Treatment
Challenges:
High Cost Associated with Transdermal Gel
Restraints:
Allergy-Related Problems with Transdermal Gel Might Hinder the Market
Opportunities:
Surging Popularity of Transdermal Drug System will Boost the transdermal Gel Market and Growing CBD Market will Boost the Transdermal Gel Market
Key Target Audience
Transdermal Gel Manufacturers, Transdermal Gel International Traders, Transdermal Gel Distributors and Suppliers, Research and Development Institutes, Potential Investors, Hospitals, Regulatory Bodies, Upstream and Downstream Buyers and Others