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Transdermal Patch market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Transdermal Patch market Analysis 2022-2028Due to the COVID-19 pandemic, the global Transdermal Patch market size is estimated to be worth USD 7058.3 million in 2022 and is forecast to a readjusted size of USD 8726.9 million by 2028 with a CAGR of 3.6% during the review period.
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Fully considering the economic change by this health crisis, Methyl Salicylate-based Patch accounting for % of the Transdermal Patch global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Rx Channel segment is altered to an % CAGR throughout this forecast period.
Key drivers of the transdermal patch market include the growing painless and non-invasive medicinal therapies for chronic diseases such as Parkinson's, Alzheimer's, migraine, joint, muscle pain, etc.
The technological developments in drug delivery systems will further propel the transdermal patch market growth in the coming years.
The increasing awareness regarding the harmful effects of tobacco and smoking will accelerate the market expansion during the review period.
However, Skin irritation, infection and permeability concerns will restrict the market in the upcoming years. The inability of the skin to absorb a large number of medications is expected to create hurdles moving ahead.
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Transdermal Patch Market Segment by Type
• Methyl Salicylate-based Patch
• Rivastigmine Transdermal Patch
• Fentanyl Transdermal Patch
• Lidocaine Patch
• Diclofenac Patch
• Nicotine Transdermal Patch
• Others
Transdermal Patch Market Segment By Application
• Rx Channel
• OTC Channel
Key Players of Transdermal Patch Market
• Hisamitsu Pharmaceutical
• Johnson & Johnson
• Novartis
• UCB Pharma
• Mylan
• Teva Pharmaceutical
• Nitto Denko
• Grünenthal
• IBSA Group
• GSK
• Luye Pharma Group
• Pfizer
• Chattem
• Dr Reddy's Laboratories
• Bayer
• Mundipharma
• Endo International
• Beijing Tide Pharmaceutical
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Get similar reports
1. https://reports.valuates.com/market-reports/360I-Auto-7O615/transdermal-drug-delivery-system
2. https://reports.valuates.com/market-reports/QYRE-Auto-8F9817/global-lidocaine-transdermal-patch
3. https://reports.valuates.com/market-reports/QYRE-Auto-1240/global-transdermal-drug-delivery-system
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