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Transdermal Drug Delivery Market Market Size (2023 to 2035) | Latest Report Reveals Worldwide Industry Growth and Development 2023-2035

Global Transdermal Drug Delivery Market Key Insights 

During the forecast period of 2023-2035, the global transdermal drug delivery market is expected to reach an estimated value of ~USD 90 billion by 2035, by expanding at a CAGR of ~5%. The market further generated revenue of ~USD 55 billion in the year 2022. Major key factors propelling the growth of the transdermal drug delivery market worldwide are the growing global burden of diseases and the increasing geriatric population. 

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Market Definition of Transdermal Drug Delivery

Transdermal drug delivery (TDD) is referred to as a self-contained discrete form of dosage. The drug is applied to the intact skin which aids in delivering the drug systematically in circulation in a controlled manner. TDD is easy to administer and is a painless method of delivering drugs. Various advancements and development in delivery methods for active drugs through the transdermal route are responsible for the rising penetration in the healthcare industry.

Global Transdermal Drug Delivery Market: Growth Drivers 

The growth of the global transdermal drug delivery market can majorly be attributed to the growing explorations in the field of TDD owing to its significant advantages over the oral route in administration along with the geriatric population. For instance, it is projected that almost 1 in 6 people in the world will be aged 60 years or above by 2030. On the other hand, the market growth can also be attributed to the increasing prevalence of diabetes which is also projected to drive the market growth. For instance, it was found that about 141 million people in China were suffering from diabetes in 2021. 

The global transdermal drug delivery market is also estimated to grow majorly on account of the following: 

•    Rising incidences of digestive disorders

  • Increasing prevalence of chronic diseases
  • Surge in the R&D investment in the pharmaceutical industry  

Global Transdermal Drug Delivery Market: Restraining Factor 

Transdermal patches can cause skin irritation and allergic reactions owing to which they are less preferred by many people. Additionally, their price is high when compared to oral medications. Hence this factor is expected to be the major hindrance to the growth of the global transdermal drug delivery market during the forecast period. 

Major players include in the global transdermal drug delivery market:

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Global Transdermal Drug Delivery Market Segmentation   

  • By Delivery Type (Passive and Active)

The active segment, amongst all the other segments, is anticipated to garner the largest revenue by the end of 2035. The growth of the segment can be attributed to the growing concern for hypertension among the population along with the rising preference for TDD systems. It was found that the number of adults suffering from hypertension worldwide reached more than 1 billion in 2019.

  • By Method (Microneedles, Iontophoresis, Thermal Poration, Electroporation, Conventional Enhancers, Ultrasound)
  • By Application (Hypertension, Motion Sickness, Pain, Smoking Control, Local Anesthesia, Parkinson’s Disease, Alzheimer’s Disease, Angina Pectoris, Migraine, Major Depression)
  • By Region 

The North American transdermal drug delivery market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions. Growing spending on healthcare by the population owing to the increasing cases of chronic disease along with the presence of a strong healthcare network are some of the major factors anticipated to drive the growth of the market in North America during the forecast period. For instance, in 2020, health spending per person in the United States was around USD 11,940, which was about USD 4,000 more expensive than in any other high-income nation.

The market research report on global transdermal drug delivery also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). 

Key Market Players Featured in the Global Transdermal Drug Delivery Market 

Some of the key players of the global transdermal drug delivery market are Medherant Limited, Novartis Pharmaceuticals Corporation, 3M Company, Johnson & Johnson, Boehringer Ingelheim GmbH, Mylan Pharmaceuticals, Inc., Skyepharma, Watson Pharmaceuticals, Inc., Biogel Technology, Inc., Transdermal Technologies, Inc., Noven Pharmaceuticals, Inc., and others. 

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About Research Nester 

Research Nester, which is a leading service provider for strategic market research and consulting services, aims to provide unbiased, unparalleled market insights and industry analysis. These analyses help conglomerates, executives, and industries to take wise decisions for their businesses as well as for their future marketing strategy, expansion and investment among others. We believe that our expertise in the field of market research can help businesses to expand to its new horizon. Our team of research analysts can provide businesses a right guidance at the right time, while our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. 

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