Transdermal Skin Patches Market Size, Share Analysis, Industry Trends And Global Forecast 2023-2032

As per The Business Research Company's Transdermal Skin Patches Opportunities And Strategies Market Report 2023, The global transdermal skin patches market size grew from $7.1 billion in 2022 to $7.42 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global transdermal skin patches is expected to grow from $8.43 billion in 2027 at a CAGR of 3.2%.

The advances in modern technologies contribute to the growth of the transdermal skin patches market. Advances in modern technologies increase the number of drugs being delivered transdermally including small molecule hydrophobic drugs, hydrophilic drugs, and macromolecules. The new technological advances add to the increased efficiency and increased use of transdermal drug delivery systems (TDDS) thus, increasing the popularity and demand for TDDS. For instance, in September 2022, Corium, a US-based biopharmaceutical company, launched Adlarity, a transdermal patch for treating Alzheimer's. It is a donepezil transdermal system that distributes donepezil at regular intervals through the skin. It treats people with Alzheimer's-related dementia that is mild, moderate, or severe. Adlarity makes use of the unique Corplex technology from Corium. Over a predetermined period of time, Corplex provides continuous, controlled, and sustained medication release.

View Complete Report @
https://www.thebusinessresearchcompany.com/report/transdermal-skin-patche-global-market-report

Major companies in the market are increasingly opting for acquisitions and collaborations to enhance and expand their footprint for the growth of the transdermal skin patches market. The strategic merger and acquisition and collaboration followed by the players in the transdermal skin patches market allow the companies to take technological advantage by acquiring the technology which allows them to get ahead in the competition. For instance, in December 2021, Boyd Corporation, a US-based provider of advanced sealing, thermal management and protection solutions, acquired MBK Tape Solutions for an undisclosed amount. The acquisition enhances Boyd's medical material science expertise in applications including biosensors, transdermal patches, and improved wound care. MBK Tape Solutions is a US-based manufacturer of medical-grade adhesives designed for medical devices, direct wound sealing, or transdermal patches.

Transdermal Skin Patches Market Segmentation:
The transdermal skin patches market is segmented by product, by type and by Application.
By Product -
a) Matrix
b) Drug In Adhesive
c) Reservoir
d) Vapor

By Type -
a) Fentanyl Transdermal Patch
b) Nicotine Transdermal Patch
c) Buprenorphine Transdermal Patch
d) Clonidine Transdermal Patch
e) Oxybutynin Transdermal Patch
f) Other Types

By Application -
a) Pain Relief
b) Nicotine Cessation
c) Hormone Replacement Therapy
d) Neurological Disorders
e) Cardiovascular Disorders
f) Other Applications

Major players in the transdermal skin patches market include Mylan Pharmaceuticals Inc., Hisamitsu Pharmaceutical, Novartis, Johnson & Johnson, Teikoku Pharma.

The regions covered in the global transdermal skin patches market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Download FREE SAMPLE Report -
https://www.thebusinessresearchcompany.com/sample_request?id=2829&type=smp

The latest report from The Business Research Company, 'Global Transdermal Skin Patches Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Transdermal Skin Patches Market Report Table Of Content
1. Executive Summary
2. Transdermal Skin Patches Market Characteristics
3. Transdermal Skin Patches Market Trends And Strategies
4. Transdermal Skin Patches Market - Macro Economic Scenario
5. Transdermal Skin Patches Market Size And Growth
……
26. Africa Transdermal Skin Patches Market
27. Transdermal Skin Patches Market Competitive Landscape And Company Profiles
28. Transdermal Skin Patches Pipeline Analysis
29. Key Mergers And Acquisitions In The Transdermal Skin Patches Market
30. Transdermal Skin Patches Market Future Outlook and Potential Analysis

PURCHASE the report @
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2829

LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/

Get to know us better:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

This release was published on openPR.