San Francisco, California, February 09, 2018: The Kingdom of Saudi Arabia (KSA) transdermal skin patches market witnesses the presence of a relatively small number of big-shot players, who enjoy a stronghold on account of their technical expertise and financial might. Prominent players operating in the market include Teva Pharmaceutical Industries Ltd., Johnson & Johnson, Novartis AG, Mylan, Purdue Pharma, Mundipharma, Luye Pharma, and Hisamitsu Pharmaceutical. A number of top players are focused on developing advanced transdermal technologies to meet emerging needs of administering a wide spectrum of medicines, in order to consolidate their shares.
A new report by TMR Research, titled, “Transdermal Skin Patches Market – Kingdom of Saudi Arabia (KSA) Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025,” offers comprehensive insights into the key market dynamics, prominent trends, the scope of major segments, innovative product launches, regulatory framework, and the competitive landscape in various regions. The study takes a closer look at key developments in the healthcare sector and its impact on emerging opportunities in the coming years.
The rising use of transdermal drug delivery among worldwide populations as a better alternative to oral drug delivery and hypodermic injections is a primary factor driving the Kingdom of Saudi Arabia (KSA) transdermal skin patches market. The widespread popularity of transdermal skin patches in various regions including Saudi Arabia in modern medical practices is attributed to several advantages they have over oral routes drugs delivery and other routes of drug dosage. Key benefits include lesser side effects as medications transferred using transdermal skin patches don’t encounter first-pass effect of the liver. In addition, in recent decades, mounting concerns of cross-contamination and disease transmission on account of needle re-use in the healthcare sector, account for the wide demand for transdermal skin patches in the Kingdom of Saudi Arabia.
The intensifying demand for transdermal systems that are non-invasive to meet the immediate needs of medications among patients is also bolstering the uptake in Saudi Arabia. The rise in adoption of third-generation drug delivery systems using transdermal skin patches as a potential treatment method in the healthcare sector is a notable trends accentuating the growth of the market. A rising geriatric population in Saudi Arabia will also contribute to the demand for transdermal skin patches.
The modulated delivery of some drugs possible with transdermal skin patches accounts for their increased preference over oral capsules. The high proclivity of patients toward self-medication is a crucial factor contributing to the demand for transdermal skin patches in the Kingdom of Saudi Arabia.
A growing public acceptance of transdermal skin patches in Saudi Arabia also will help in the expansion of the market. World over, the rising interest in transdermal delivery of vaccines to improve the efficacy of administration is likely to expand the potential of the KSA transdermal skin patches market. The attractive profile of transdermal vaccines in medical practices, coupled with substantial advancement in delivery methods, is anticipated to aid in the rapid expansion of the market. The significant demand for transdermal skin patches for elimination of the use of hypodermic needles is a noteworthy factor boosting the Kingdom of Saudi Arabia transdermal skin patches market.
Striking advances in patch technology in medical and clinical practices have opened up exciting prospects in the KSA transdermal skin patches market. Significant design innovations in transdermal drug delivery systems will open up lucrative avenues for market players. Several side effects noted among patients using transdermal skin patches such as irritations, redness, discoloring of the skin has, to an extent, dampened the demand in recent years. Nevertheless, relentless research and development activities for improving transdermal delivery in medical practices are likely to expand the potential of the KSA transdermal skin patches market over the forecast period.
• Several clinical advantages of transdermal skin patches over alternate routes such as oral drug delivery and hypodermic injections is a noteworthy factor accentuating the demand.
• Constant advances in delivery methods and technologies in patch designs will help the market realize the full potential over the forecast period.
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