Transdermal Skin Patches Market is Estimated at US$ 9.57 Billion With CAGR of 4.50% By 2027

IMARC Group has recently released a new research study titled "Transdermal Skin Patches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global transdermal skin patches market reached a value of US$ 7.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.57 Billion by 2027 exhibiting a CAGR of 4.50% during 2022-2027

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Transdermal skin patches refer to medical devices designed to deliver medication through the skin and into the bloodstream. They are made of a thin, flexible material that adheres to the skin and contains a specific amount of medication. They aid in slowly releasing the medicine through the skin into the bloodstream and provide a consistent dose of the drug. At present, they are used to deliver a variety of medications for pain relief, hormonal therapy, nicotine replacement therapy, and overactive bladder.

Transdermal Skin Patches Market Trends and Drivers:

Presently, the growing geriatric population and increasing demand for non-invasive treatments represent one of the key factors positively influencing the market. In addition, the increasing prevalence of chronic diseases, such as diabetes, hypertension, and cardiovascular disorders, are catalyzing the demand for transdermal skin patches for managing these conditions as they provide a consistent and reliable dose of medication over an extended period.

Moreover, the rising popularity of transdermal nicotine patches among people who are trying to quit smoking is creating a favorable market outlook. Besides this, key market players are introducing biodegradable microneedle patches for transdermal delivery, which is contributing to the market growth.

Furthermore, governments of various countries are taking favorable initiatives to improve drug delivery and reduce healthcare costs, which is stimulating the market growth.

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Global Transdermal Skin Patches Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

3M Company, AdhexPharma, LTS Lohmann Therapie-Systeme AG, Luye Pharma Group?, Medherant Limited, Nitto Denko Corporation, Noven Pharmaceuticals Inc. (Hisamitsu Pharmaceutical Co. Inc.), Prosolus Inc., Samyang Holdings Corporation, Tapemark, Teikoku Pharma USA Inc. (Teikoku Seiyaku Co. Ltd), tesa SE (Beiersdorf AG) and Teva Pharmaceutical Industries Ltd

The report has segmented the market on the basis of region, type, distribution channel and application.

Breakup by Type:
• Single-layer Drug-in-Adhesive
• Multi-layer Drug-in-Adhesive
• Matrix
• Others

Breakup by Distribution Channel:
• Hospital Pharmacies
• Retail Pharmacies
• Online Stores

Breakup by Application:
• Pain Relief
• Smoking Reduction and Cessation Aid
• Overactive Bladder
• Hormonal Therapy
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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