Transdermal Adhesives Market Key Growth Trends, Major Players And Forecast by Fact MR

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The transdermal adhesives market (経皮接着剤市場) is projected to attain a worth of US$ 477.3 million by 2023, with a predicted compound annual growth rate (CAGR) of 7.7% that will lead to a value of US$ 1,002.2 million by the conclusion of 2033.

The transdermal adhesives market has witnessed substantial growth in recent years, driven by a rising demand for convenient and effective drug delivery systems. Transdermal patches offer a non-invasive method of drug administration, delivering medication through the skin for prolonged and controlled release. This market's growth is primarily attributed to its advantages, including reduced side effects, improved patient compliance, and a continuous therapeutic effect.

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Market Dynamics:

One of the key drivers of the transdermal adhesives market is the growing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer. Transdermal patches are particularly well-suited for delivering medications for these conditions, as they provide a continuous and controlled release of the drug over an extended period. Additionally, the aging population and increasing healthcare expenditures have fueled demand for more effective and convenient drug delivery systems, further driving market growth.

Another factor driving market growth is the increasing preference for transdermal patches among patients and healthcare providers. Transdermal patches are easy to use, painless, and do not require frequent dosing, making them a preferred option for many patients, especially those who have difficulty swallowing pills or are averse to needles.

Market Future Outlook:

The transdermal adhesives market is expected to continue its growth trajectory in the coming years, fueled by technological advancements in transdermal delivery systems, increasing investment in research and development, and the introduction of new drugs that can be delivered via transdermal patches. Additionally, the expanding applications of transdermal patches beyond pharmaceuticals, such as in the cosmetic and personal care industries, are expected to further drive market growth.

Market Insights:

The transdermal adhesives market is segmented based on application, end-user, and region. On the basis of application, the market is segmented into pain management, hormone replacement therapy, cardiovascular disorders, and others. The pain management segment is expected to dominate the market, owing to the high prevalence of chronic pain conditions and the effectiveness of transdermal patches in delivering pain medications.

Key Players

  • 3M
  • Adhesives Research, Inc.
  • Adhex Technologies
  • DuPont
  • Elkem
  • Henkel
  • Lohmann GmbH & Co. KG
  • Nitto Denko Corporation

Competitive Landscape

Market leaders are prioritizing direct sales to end-users by forming partnerships with them. This strategy, coupled with capacity expansion and global expansion through collaboration or acquisition, is driving market growth and creating profitable opportunities for manufacturers. Nitto Denko, for example, recently introduced a new range of high-performance adhesive tapes for transdermal patches in 2021, which boast enhanced adhesion, flexibility, and durability.

Segmentation of Transdermal Adhesives Industry Research

  • By Base Chemistry :
    • Silicone Based
    • Acrylic Based
    • Rubber Based
  • By Application :
    • Single-layer drug-in-adhesive Patch
    • Multi-layer drug-in-adhesive Patch
    • Reservoir Patch
    • Matrix Patch
    • Vapour Patch
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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Explore More Related Studies Published by Fact.MR Research:

Pressure Sensitive Adhesives Market (感圧接着剤市場): https://www.factmr.com/report/441/pressure-sensitive-adhesives-market

Structural Adhesives Market (構造用接着剤市場): https://www.factmr.com/report/470/structural-adhesive-market

UV Cured Adhesives Market (UV硬化型接着剤市場): https://www.factmr.com/report/1188/uv-cured-adhesive-market

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