June 10, 2021
According to the report titled ‘Transdermal Drug Delivery Devices Market Insights, Competitive Landscape and Market Forecast-2026’, available with Market study Report LLC, transdermal drug delivery devices market is anticipated to rise considerably during 2018-2026.
Main factors propelling the growth of transdermal drug delivery devices market are increase in adoption of 3rd gen transdermal drug delivery systems, rise in prevalence of chronic diseases, especially in elderly populace, and technical advancements in drug delivery system.
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For those unaware, transdermal drug delivery systems are a substitute to transmucosal oral, intravascular, and subcutaneous routes, wherein drugs are administered through the skin for therapeutic reasons.
On the downside, post-delivery affects such as skin irritation and edema are restraining the growth of worldwide transdermal drug delivery devices industry.
Various applications areas in the market include pain management, hormonal applications, CNS disorders, cardiovascular diseases, and others. Based on type of delivery systems, transdermal drug delivery devices market is divided into active, and passive among others. The product gamut is bifurcated in transdermal patches, and transdermal semisolids.
The report entails PEST analysis, alongside KOL and SEM opinions to provide a holistic overview of this business sphere. Details about individual market share held by different segments of the market is also provided. Major investment areas are unveiled in the document which will empower the investors to make informed decisions.
Moving on to regional ambit, transdermal drug delivery devices market is scrutinized for nations like the United Kingdom, Germany, Japan, France, Italy, the United States, and Spain. Statistics about their revenue contribution to the business vertical are presented.
Speaking of the competitive scenario, companies namely Mylan N.V., UCB, Hisamitsu Pharmaceutical Co. Inc., GlaxoSmithKline plc, C.H. Boehringer Sohn AG & Co. KG, Novartis International AG, Endo International plc, Purdue Pharma L.P., and Johnson & Johnson are influencing worldwide transdermal drug delivery devices market trends.