The global transdermal skin patches market is expected to flourish noticeably within the forecast period from 2017 to 2025. Transparency Market Research has recently published a report, titled, “Transdermal Skin Patches Market – Global Industry Analysis, Size, Share, Growth, Trend and Forecast 2016 – 2024.” Transdermal patch is a medicated patch which is stuck to the skin. It helps in administering the drugs into the patient’s bloodstream via the process of diffusion. The market is gaining traction as this method is an easy alternative to hypodermic injections and oral consumption of medicines. The product has seen widespread uptake in a very short span because the treatment is non-invasive, painless, and kinetic maneuverable, which is kept attached to skin for eight hours to seven days, depending on the treatment.
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Inability of the skin to assimilate a range of dynamic substances is constraining the development of the market. Only a few relatively strong medications are appropriate to be regulated by means of transdermal patches. Further, patients sometimes get dermatitis at the place of utilization of the transdermal skin patch. This is another disadvantage adversely affecting the market.
On the basis of geography, the global market for transdermal skin patches can be divided into Europe, North America, Asia Pacific, and the Rest of the World. Technological upgradation supporting transdermal patches to make them more flexible and powerful, especially in the U.S., is said to be majorly fuelling the North America market. The rising demand for better therapeutics at moderate cost is said to be the fundamental driver in the U.S. market. Continued innovation, high acceptance rates, and best in class fabricating plants, are likewise boosting the regional development.
Mylan Pharmaceuticals Inc, Teva, 3M Pharmaceuticals, Access Pharmaceuticals Inc., and Accrux Ltd. are some of the leading firms dominating the global transdermal skin patches market.