Global Transdermal Skin Patches Market to Reach US$ 9.57 Billion by 2027, Impelled by the Rising Prevalence of Chronic Illnesses

September 20, 2022

The latest report by IMARC, titled “Transdermal Skin Patches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global transdermal skin patches market size reached US$ 7.22 Billion in 2021. A transdermal skin patch refers to a medicated adhesive patch attached to the skin for absorbing the medication through the diffusion technique, thereby releasing the drugs into the bloodstream. They possess adhesives, drugs, backings, liners, membranes, permeators, low electric currents like iontophoresis, and physical aids. They are also effective in the treatment of hormonal and cardiac disorders, osteoporosis, Parkinson’s disease, Alzheimer’s, migraine, strokes, HIV, dermatology-related issues, and restless leg syndrome treatments. In recent years, transdermal skin patches have gained traction due to their widespread adoption as cosmetic, topical, and transdermal delivery systems.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will be integrated into the report.

Global Transdermal Skin Patches Market Trends:

One of the primary factors driving the market is the rising prevalence of chronic illnesses. Additionally, transdermal skin patches enhance the compliance of the patient in smoking cessation therapy and the treatment of chronic pains due to the ease of administration, thus positively influencing the market growth. Other than this, there are several advantages these patches hold over oral and ingesting medications, such as the prolonged activity of the drugs, lowering the inconvenience caused due to intravenous or parenteral therapies, and preventing gastrointestinal toxicity, nausea, and vomiting. Along with this, the surging demand for better therapeutics at economical rates and the rising number of clinical trials are also creating a positive market outlook. Moreover, key players are extensively investing in research and development (R&D) activities to launch various product variants, including pressure-sensitive adhesives and permeation enhancers. On account of these factors, IMARC Group expects the market value to reach US$ 9.57 Billion by 2027, expanding at a CAGR of 4.50% during the forecast period (2022-2027).

Market Summary:

  • Based on the type, the market has been divided into single-layer-drug-in adhesive, multi-layer drug-in-adhesive, matrix, and others.
  • On the basis of the distribution channel, the market has been segmented into hospital pharmacies, retail pharmacies, and online stores.
  • Based on the application, the market has been categorized into pain relief, smoking reduction and cessation aid, overactive bladder, hormonal therapy, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being 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), Teva Pharmaceutical Industries Ltd.
     

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Transdermal Skin Patches Market to Reach US$ 9.57 Billion by 2027, Impelled by the Rising Prevalence of Chronic Illnesses
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More