Global Transdermal Drug Patches Market Overview:
The transdermal drug patches are designed to release small quantities of drugs into the bloodstream over a long period of time. The drug is engrossed from the patch, through the outer layers of skin, and into deeper layers and it is absorbed into the bloodstream and circulated through the body. Transdermal patch drugs contain pain relievers, nicotine, hormones, and drugs to treat angina and motion sickness. If the patch is broken, cut open, or chewed on, if too many are worn, or if a child has an adult patch on, overdoses can happen. Several people benefit from drugs that are absorbed slowly and regularly and some find it difficult to swallow pills. However, this type of patch is actually a sophisticated drug delivery system. Some of the key players profiled in the study are Noven Pharmaceuticals, Inc. (United States), Mylan (United States), Novartis (Switzerland), Johnson & Johnson (United States), Agile Therapeutics (United States), Accrux Ltd. (Australia), Teikoku Pharma USA (United States), Immune Pharmaceuticals (United States), Hercon Pharmaceuticals (United States) and Pocono Coated Products (United States).
On the basis of geography, the market of Transdermal Drug Patches 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Transdermal Drug Patches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Home Care Settings will boost the Transdermal Drug Patches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Prevalence of Chronic Diseases
- Ease of Administration of Drugs
Market Trend
- Increasing Advantages over the Oral and Ingesting Treatments
Restraints
- Concerns Regarding Drug Failure
Opportunities
- Technological Advancements in Transdermal Drug Delivery
Challenges
- Technical Barriers Related to Skin Irritation
Leading key players of transdermal drug patches are focusing on strategic partnerships, acquisitions, new product launches to improve their products & services and also focusing on increasing their client base to strengthen market position.
Target Audience:
Manufacturers of Transdermal Drug Patches, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Transdermal Drug Patches, Healthcare Industry, Governmental Bodies and Research Organizations
Major Objectives Focused through this Study
To define, describe, and forecast the Global Transdermal Drug Patches market on the basis of product [Fentanyl Transdermal Patch, Nicotine Transdermal Patch, Buprenorphine Transdermal Patch, Clonidine Transdermal Patch, Oxybutynin Transdermal Patch and Others] , application [Hypertension, Contraception, Analgesia, Smoking Cessation, Angina and Hormone Replacement], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Transdermal Drug Patches market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Transdermal Drug Patches industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are DURECT Corporation (United States) and Xel Pharmaceuticals (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Transdermal Drug Patches market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.