Transdermal Skin Patches Market

A transdermal patch is a modern technique of pain management designed to treat chronic pain and other conditions. Also known as a skin patch, a transdermal patch is a medicated adhesive patch, which is placed on the skin to deliver regular doses of medication into the bloodstream through the skin. Transdermal delivery systems have gained extensive attention due to the ease of administration and absence of hepatic first-pass metabolism. These patches are also used to treat migraine, hormones, pain, cardiovascular diseases, neurology disease, smoking cessation, among others. Currently, the use of transdermal drug delivery has increased due to improved bioavailability, reduced adverse events, reduced dosing frequency, and drug input termination at any point by the removal of the patch.

Market Dynamics:

Increasing prevalence of lung cancer and increasing number of smokers around the world is expected to boost the growth of the global transdermal skin patches market during the forecast period. Nicotine skin patches are used to help people stop smoking cigarettes. They provide a source of nicotine that reduces withdrawal symptoms experienced when smoking is stopped. Cigarette smoking is the number one risk factor for lung cancer. For instance, according to the Centers for Disease Control and Prevention (CDC), in the United States, cigarette smoking is linked to about 80% to 90% of lung cancer deaths. Moreover, according to the Canadian Lung Association 2021, tobacco is the leading cause of preventable disease and death in Canada. Each year, an estimated 48,000 Canadians die as a result of smoking.

Key features of the study:

• This report provides in-depth analysis of the global transdermal skin patches market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global transdermal skin patches market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global transdermal skin patches market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global transdermal skin patches market.

Detailed Segmentation:

• Global Transdermal Skin Patches Market, By Type:
  • Single-layer Drug-in-Adhesive
  • Multi-layer Drug-in-Adhesive
  • Matrix
  • Other Types
• Global Transdermal Skin Patches Market, By Applications:
  • Pain Relief
  • Smoking Reduction and Cessation Aid
  • Overactive Bladder
  • Hormonal Therapy
  • Other Applications
• Global Transdermal Skin Patches Market, By Geography:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa