Press release
Transdermal Skin Patches Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
Transdermal skin patches market is anticipated to grow at a significant CAGR during the forecast period. Transdermal patches deliver drugs by adhering to the skin. They are absorbed through the skin and directed into the bloodstream. These patches support to provide a specific, predetermined dose of medication. The major factor driving the market growth is the new product launches across the globe.For instance, in September 2021, ImQuest Biosciences has announced the launch of an antiretroviral (ARV) transdermal delivery patch. This patch was developed to replace oral medication for HIV patients. Additionally, in December 2020, Agile Therapeutics Inc. announced the launch of Twirla (Levonorgestrel and Ethinyl Estradiol) transdermal system, a new non-daily, non-invasive contraceptive patch, in the US. It is used by women of reproductive potential that has a body mass index (BMI)
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