Global Transdermal Patches Market Booming Market To Hit $ 7383.47 Billion By 2026 With Top Key Players Bayer AG, ANI Pharmaceuticals Inc., Novartis AG, Janssen Pharmaceuticals Inc., Antares Pharma Inc

Transdermal Patches Market is expected to reach USD 7383.47 Billion by 2026 from USD 4445.18 Billion in 2017 at a CAGR of 5.8%. The upcoming market report contains data for historic year 2017, base year for this study is 2018 and the forecast period is 2019-2026. The rising number of diabetic patients across the globe is likely to increase the consumption of transdermal drug delivery patch.

This Transdermal Patches market research report provides a detailed synopsis on the study for market and how it is impacting the medical devices industry. The key research methodology used here by DBMR team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary validation. This wide-ranging market research report acts as a backbone for the success of business in any sector. Also, Transdermal Patches market analysis report gives an in-depth knowledge on what the recent developments, products launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry.

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Few of the major competitors currently working in the Transdermal Patches Market are AdhexPharma, ProSolus, Inc., Tapemark, Tesa Labtec GmbH, Nitto Denko Corporation, Noven Pharmaceuticals, Inc. (Wholly-owned subsidiary of Hisamitsu Pharmaceutical Co., Inc.), LTS Lohmann, Therapie-Systeme AG, Medherant Limited, Corium International, Inc., Bayer AG, ANI Pharmaceuticals Inc., Novartis AG, Janssen Pharmaceuticals Inc., Antares Pharma Inc., Aneva Drug Delivery Systems, Abbott Laboratories, Medipatch, Inc., Mylan Pharmaceutical, Inc., Acrux Limited among others.

Key Developments in the Market:

In December 2018, Hisamitsu Pharmaceutical Co., Inc. (Japan) announced that the transdermal, pain management patch FENTOSTAPE achieved the primary endpoint of the Phase III clinical study in Japan.
In July 2018, Mylan N.V. (U.S.) launched generic version of Novartis' Exelon Patch known as Rivastigmine Transdermal System for the treatment of patients suffering from dementia in the US.

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Market Drivers:

Increasing advantages over the oral and ingesting medications is expected to drive the market growth
Non-Invasive and painless administration of medication is also expected to drive the market growth

Market Restraints:

Inability of the skin to absorb large range of medications is expected to restrain the market growth
Development of contact dermatitis or other skin infections at the site of application is also expected to restrain the market growth

SEGMENTATION: GLOBAL TRANSDERMAL PATCHES MARKET

By Application

Cardiovascular
CNS
Pain Management
Dermatology
Others

By Technology

Electric current
Mechanical arrays
Thermal Ablation
Chemical Enhancers
Others

Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

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