Transdermal Drug Delivery System Market to Record a CAGR of 4.6%, OTC and Rx to be Largest Revenue-generating Application Segment – Market.us
Pune, Maharashtra, India, September 21 2022 (Wiredrelease) Prudour Pvt. Ltd –:Transdermal Drug Delivery System Market: Introduction
The transdermal drug delivery systems market is expected to reach USD 7.2 billion by 2023 from an estimated USD 5.8 billion in 2018, at a CAGR of 4.6% during the forecast period.
Majorly, the market is driven by the rising prevalence of chronic diseases. Traditional drug delivery systems such as oral drugs are less potent due to their hepatic first pass metabolism.
These devices have a higher drug diffusion capability than conventional routes of drug distribution, such as oral, intravenous and pulmonary. This is what accounts for their efficacy. The market growth can also be attributed to the rising desire by patients and doctors to have pain-free drug delivery. This is expected to further drive market demand during the forecast period. These factors are expected to increase the growth potential over the forecast period.
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Transdermal Drug Delivery System Market – Competitive Landscape
Johnson & Johnson
Hisamitsu Pharmaceutical (Japan), introduced ALLESAGA TAPE to the Japanese market in January 2018.
UCB (Belgium), received an Import Drug License from China Food and Drug Administration in July 2018 for its transdermal rotigotine pad–NEUPRO.
Luye Pharma (China), and Bayer AG (Switzerland), reached an agreement to acquire global rights for the Apleek contraceptive patch transdermal in August 2018.
Competitive benchmarking allows you to see how your competitors are doing and compare it to your company’s. Market.us professionals assist our stakeholders in keeping track of competitors, identifying improvement areas, increasing profits, and designing better go-to-market strategies.
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Transdermal Drug Delivery System Market Segmentation
Based on the type, the Transdermal Drug Delivery System market is segmented into
Based on the application, the Transdermal Drug Delivery System market is segmented into
Market Breakup by Region:
– North America (United States, Canada)
– Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
– Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
– Latin America (Brazil, Mexico, Others)
– The Middle East and Africa
Market Report Coverage and Deliverables will help you to understand:
1. Company revenue shares | revenue (US$ Mn)
2. Upcoming Regional opportunities
3. Latest trends & Market dynamics
4. Competitive benchmarking
5. Key Financial Charts
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Key Questions Answered in This Report:
Q1. What is the market size of Transdermal Drug Delivery System?
Q2. What are the elements of retail Transdermal Drug Delivery System?
Q3. What are the key decision drivers for service buyers?
Q4. How can we accelerate our bidding process?
Q5. What is the potential of the Transdermal Drug Delivery System Market?
Q6. Who are the prominent players in Transdermal Drug Delivery System Market?
Q7. What are the different types of Transdermal Drug Delivery System market?
Q8. What are the top strategies that companies adopt in Transdermal Drug Delivery System Market?
Q9. What is the future of Transdermal Drug Delivery System?
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