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The latest report by IMARC, titled “ Transdermal Drug Delivery Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
” " the global transdermal drug delivery systems market reached a value of US$ 6.0 Billion in 2021. Transdermal drug delivery (TDD) systems include the utilization of non-invasive methods for drug administration. In this method, the drug is penetrated via the stratum corneum, which is then passed through the dermis and the epidermis layer of the skin. In comparison with the conventional oral intravascular and parenteral route mode of drug delivery, these methods do not damage the skin layers or other tissues while improving the efficacy of the dosage. As a result, they are extensively utilized in the treatment of acute and chronic diseases as well as in cosmetic procedures.
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The global market is primarily driven by the increasing preference for self-administered modes of drug delivery. Coupled with the rising demand for non-invasive treatment methods among the masses, this is providing a boost to the market growth. Also, the rising preference for maintaining an aesthetic appearance among individuals has led to escalating demand for cosmetic surgeries, which is favorably impacting the market growth. Along with this, the increasing geriatric population and the rising prevalence of acute illnesses among individuals are creating a positive outlook for the market on the global level. Moreover, various technological advancements in the market, including the introduction of dissolving microneedles and sonophoresis techniques, are creating a positive outlook for the market. Other factors, including increasing healthcare expenditure, continuous improvements in the healthcare infrastructure and extensive research and development (R&D) activities conducted by key players to introduce innovative product variants with improved quality, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 6.36% during 2022-2027.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Market Summary:
Breakup by Technology:
• Electroporation
• Radiofrequency
• Iontophoresis
• Microporation
• Thermal
• Mechanical Arrays
• Ultrasound
• Others
Breakup by Application:
• Central Nervous System
• Pain Management
• Cardiovascular
• Hormone
• Others
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
• Middle East and Africa
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Competitive Landscape with Key Players:
Acrux Limited
Boehringer Ingelheim International GmbH
Hisamitsu Pharmaceutical Co. Inc.
Lavipharm S.A.
LEAD CHEMICAL Co. Ltd.
Luye Pharma Group
Nutriband Inc.
• Viatris Inc.
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