Transdermal Drug Delivery Systems Market Industry Verticals And Regional Demand Till 2027
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Transdermal Drug Delivery Systems Market By Application (Cardiovascular, Contraception, Pain Management / Neurological Disorders, Smoking Cessation, Others), By Technology (Electric Current, Electroporation, Radio Frequency, Thermal, Ultrasound, Others) and Geography- Global/Region/Country Forecast to 2027”.
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Increasing R&D Activities to Develop Novel Transdermal Drug Delivery Systems will Fuel the market growth
Transdermal drug delivery systems are detached, self-contained dosage given in the patches form to the unbroken skin and delivers medication through the controlled rate. Crucial goal of transdermal patches is to deliver medication at controlled rates into the systemic circulation in order to reduce the intra and interpatient variation. Huge benefits provided by transdermal delivery system like less painful drug delivery system than conventional drug delivery systems and high bioavailability is one of the major factors to drive the global transdermal drug delivery systems market.
There are important factors that are positively affecting the market growth such as transdermal drug delivery systems are non-invasive and they provide fewer side effects. In addition, current novel product launch and developments in the transdermal drug delivery systems projected to drive the growth of the market over the forecast years. On the other hand, the compatibility and adaptation rates of several big sized drugs are projected to hinder the market growth.
Global Transdermal Drug Delivery Systems Market - Geographical Analysis
On the basis of geographical analysis, the global Transdermal Drug Delivery Systems Market is classified into different regions such as Asia pacific, North America, Europe, Middle East and Latin America. North America transdermal drug delivery systems market is projected to record considerable growth rate due to the factors like increasing cases of cardiovascular disorders, presence of a huge count of key industry players and growing count of surgical conditions. Transdermal drug delivery system market in Europe is anticipated to grow at significant rates due to the increase in R&D investments for developing transdermal drug delivery systems in the region. Asia Pacific market is also anticipated to record lucrative growth opportunity due to the increasing consciousness amid people about the benefits of transdermal drug delivery systems and advancement in healthcare infrastructure.
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A few key players operating in the global transdermal drug delivery systems market are Novartis AG (Switzerland), Boehringer Ingelheim GmbH (Germany), Generex Biotechnology Corp. (Canada), Echo Therapeutics, Inc. (U.S.), Crescita Therapeutics Inc (Canada), MedPharm (U.K.), Pantec Biosolutions AG (Liechtenstein), Transdermal Corp. (U.S.), Noven Pharmaceuticals, Inc. (U.S.), Actelion Pharmaceuticals Ltd (Switzerland), Johnson & Johnson Limited (U.S.), 3M Pharmaceuticals Inc. (U.S.), Mylan Pharmaceuticals Inc. (U.S.) and GlaxoSmithKline plc (U.K.). Key players working in the market are implementing mergers and acquisitions like strategies for leveraging their market share and expanding the product portfolio.
Geographically, global melanoma treatment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America transdermal drug delivery systems market is expected to grow at significant rates owing to the factors such as presence of key market players and increase in the number of surgical procedures and prevalence of cardiovascular disorders. According to American Heart Association, incidence of heart disease in U.S. is about 58000 in 2014. Europe transdermal drug delivery system market expected to grow at notable rates owing to prevalence of the cardiovascular disorders and growing R&D investments in development of transdermal drug delivery systems. Asia Pacific transdermal drug delivery systems market is expected to have lucrative growth opportunity owing to development of healthcare infrastructure, growing R&D investments and growing awareness related to the advantages of transdermal drug delivery systems.
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