Press release
Transdermal Drug Delivery Systems Market - Share, Size, Regional Trend, Future Growth, Leading Players Updates, Industry Demand by Forecast to 2030
The global Transdermal Drug Delivery Systems Market is expected to reach US$ 51,949.74 million in 2030 from US$ 37,230.28 million in 2022. The market is estimated to grow with a CAGR of 4.3% from 2022 to 2030.The key factors driving the market's growth include growing areas of application of transdermal drug delivery systems and rising cases of spinal cord injury. However, the post-surgical complications hinder the market growth.
Market Opportunities of Transdermal Drug Delivery Systems Market
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Analysis of the Top Market Players:
1. Novartis AG
2. Johnson & Johnson
3. GSK Plc
4. Viatris Inc
5. Boehringer Ingelheim International GmbH
6. Hisamitsu Pharmaceutical Co Inc
7. Luye Pharma Group Ltd
8. Lavipharm SA
9. Purdue Pharma LP
10. UCB SA
In this report, the market has been segmented on the basis of:
Type (Transdermal Patches, Transdermal Gel, Transdermal Sprays, and Others)
Application (Cardiovascular Diseases, Central Nervous System Disorders, Pain Management, Hormonal Applications, and Other Applications)
Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies, and Others)
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A transdermal drug administration route is novel and one of the reliable means of sustained drug delivery. With significant research being conducted in this field and the increasing interest of researchers in this form of drug delivery, a large number of transdermal patches are likely to reach the marketplace in the future. Transdermal patches are used to deliver drugs such as nicotine, fentanyl, nitroglycerin, and clonidine to treat various medical conditions. Recently, these patches have been explored to deliver biologics in various applications. Smart patches are equipped with sensors and other technologies to monitor patient conditions and adjust drug delivery accordingly.
In January 2023, a lead scientist at Swansea University developed a new smart patch to detect proinflammatory biomarkers of neurodegenerative diseases such as Parkinson's and Alzheimer's using the microneedle technology. These smart patches comprise numerous microneedles designed to penetrate the skin barrier in a minimally invasive manner, followed by monitoring the biomarkers of clinical significance. They can be self-administered for point-of-care diagnosis at general practices or at home. This innovative research can potentially change the landscape of early neurodegenerative disease detection.
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