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Transdermal Gel Market 2019 Research On Global Industry Development With 3M, Johnson & Johnson, Bayer , Boehringer Ingelheim, Mylan, Novartis, GSK, Novell Pharmaceutical Laboratories, And Other
Global Transdermal Gel Market is expected to rise at a stable CAGR of 12.31% in the forecast period of 2019-2026. Increasing health awareness among consumer is the major factor for the growth of this market.Transdermal is a route of administration where active ingredients are delivered across the skin for systematic distribution. Transdermal gel is a medication that is applied and absorbed directly through the skin which can provide both local and systemic effects. Different pathways by which drugs can cross the skins and reach systematic circulations are- transcellular pathway, intercellular pathway and microneedles.
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Key Developments in the Market:
• In September 2016, Zynerba Pharmaceuticals announced the launch of its Phase 2 clinical trial, STOP (Synthetic Transdermal Cannabidiol for the knee pain due to osteoarthiris, of ZYN002 cannabidiol (CBD) gel. It is formulated as a permeation- enhanced gel for transdermal delivery.
• In September 2015, Gensco Pharma announced the launch of its new transdermal medication ColciGel that is made for the treatment and prophylaxis of acute gout flares.
Market Drivers:
• Increasing sedentary lifestyle, obesity which causes hypertension; hormonal imbalance etc. is the major factor for the growth of this market.
• Increasing health expenditure in developing countries is driving the market.
Market Restraint:
• The side effects of the transdermal gel is the major factor restraining its growth.
Global Transdermal Gel Market Key Market Competitors:
Few of the major competitors currently working in the transdermal gel market are
• 3M,
• Boehringer Ingelheim International GmbH,
• Mylan N.V.,
• Norvartis AG,
• GlaxoSmithKline plc.,
• Novel Pharmaceutical Labs,
• LTS Lohmann Therapie- Systeme AG,
• Johnson & Johnson Services, Inc.,
• Bayer AG,
• Corium International, Inc.,
• Actavis.
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Global Transdermal Gel Market Segmentation:
• By Technique
o Ionophoresis
o Electroporation
o Sonophoresis
• By End- User
o Home Care Settings
o Hospitals and Clinics
• By Applications
o Pain Management
o Hormonal Applications
o Central Nervous System Disorders
o Cardiovascular Diseases
• By Geography
o North America
US.
Canada
Mexico
o South America
Brazil
Argentina
Rest of South America
o Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
o Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
o Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
Competitive Analysis: Global Transdermal Gel Market
Global transdermal gel market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of transdermal gel market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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