Transdermal Drug Delivery System Market to Attain Valuation of US$ 8,415.04 million at a CAGR of 4.3% by 2027

According to The Insight Partners market research study of 'Transdermal Drug Delivery System Market to 2027 - Global Analysis and Forecasts by Type, Application, and End User,' the global transdermal drug delivery system market is expected to reach US$ 8,415.04 million in 2027 from US$ 6,063.85 million in 2019. The market is estimated to grow at a CAGR of 4.3% from 2020 to 2027. The report highlights trends prevailing in the global transdermal drug delivery system market and the factors driving market along with those that act as hindrances.

Transdermal Drug Delivery System (TDDS) is described as a self-contained or discrete dosage form known as patches or semisolid forms that are applied to the intact skin. There are different types of semisolid forms, such as, creams, ointments, gels, and sprays. Dosage forms are designed to deliver a therapeutically effective amount of drug across a patient's skin.

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Some of the Prominent/Emerging Players in Transdermal Drug Delivery System Market:
Novartis Ag, Johnson & Johnson Services, Inc., Glaxosmithkline Plc., Bayer Ag, Mylan N.V., Boehringer Ingelheim International Gmbh, Hisamitsu Pharmaceutical Co.,Inc., Luye Pharma Group, Purdue Pharma L.P., and Lavipharm are among the leading companies operating in the transdermal drug delivery system market.
The report segments global transdermal drug delivery system market as follows:

By Type
• Transdermal Patches
o Matrix Patches
o Microneedle Patches
o Drug-In-Adhesive Patches
o Reservoir Membrane Patches
• Transdermal Semisolids
o Sprays
o Gels
o Ointments
By Application
• Cardiovascular Diseases
• Central Nervous System Disorders
• Pain Management
• Hormonal Applications
o Transdermal Estrogen Therapy
o Testosterone Replacement Therapy
• Other Applications
By End User
• Hospitals and Clinics
• Home Care Settings
• Other End Users

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Growing Demand for Non-Invasive Drug Delivery Devices
With the improvements in medical science and definite oral drug delivery technologies, the non-invasive mode of drug delivery system is now prepared to compete with traditional methods of injectable and painful routes of drug delivery. The non-invasive drug delivery systems include drug delivery via oral, topical, transdermal-active (device-aided enhanced penetration), transdermal-passive, trans-ocular membrane, trans-mucosal membrane, and via alveolar membrane from inhaled medication. Transdermal delivery has a range of advantages compared to the oral route. In particular, it is used when there is a significant first-pass effect of the liver that can impulsively metabolize drugs. Transdermal delivery also has advantages over hypodermic injections, which are painful, create dangerous medical waste, and pose the risk of disease transmission by needle re-use, especially in developing countries. Additionally, transdermal systems are non-invasive and can be self-administered. Patient compliance has been found to be much higher when administrated by non-invasive routes due to decreased pain involved in drug delivery.

The report specifically highlights the Transdermal Drug Delivery System market share, company profiles, regional outlook, product portfolio, a record of the recent developments, strategic analysis, key players in the market, sales, distribution chain, manufacturing, production, new market entrants as well as existing market players, advertising, brand value, popular products, demand and supply, and other important factors related to the market to help the new entrants understand the market scenario better.

To comprehend global Transdermal Drug Delivery System market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)
Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology.

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