The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest transdermal skin patches market share, and Middle East was the fastest-growing region in 2022.

The global transdermal skin patches market is expected to grow from $7.1 billion in 2022 to $7.42 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The transdermal skin patches market is expected to grow from $8.43 billion in 2027 at a CAGR of 3.2%.

Major Driver In The Transdermal Skin Patches Market ­– Increase In Modern Technologies
For example, Corium, a biopharmaceutical company based in the United States, will debut Adlarity, a transdermal patch for the treatment of Alzheimer’s disease, in September 2022. It is a donepezil transdermal device that administers donepezil through the skin at regular intervals. It is used to treat mild, moderate, or severe Alzheimer’s-related dementia. Adlarity takes use of Corium’s exclusive Corplex technology. Corplex enables continuous, controlled, and sustained drug release over a set time period.

View More On The Transdermal Skin Patches Market Report 2023 – https://www.thebusinessresearchcompany.com/report/transdermal-skin-patche-global-market-report

Key Transdermal Skin Patches Market Segments
1) By Product: Matrix, Drug In Adhesive, Reservoir, Vapor
2) By Type: Fentanyl Transdermal Patch, Nicotine Transdermal Patch, Buprenorphine Transdermal Patch, Clonidine Transdermal Patch, Oxybutynin Transdermal Patch, Other Types
3) By Application: Pain Relief, Nicotine Cessation, Hormone Replacement Therapy, Neurological Disorders, Cardiovascular Disorders, Other Applications

Recent Transdermal Skin Patches Market Trend – Adopting For Acquisitions And Collaborations
Major market players are increasingly turning to acquisitions and collaborations to strengthen and expand their foothold in the transdermal skin patches market. The strategic merger, acquisition, and partnership practises employed by market participants in the transdermal skin patches market enable the corporations to get a technological advantage by obtaining technology that helps them to stay ahead of the competition. For example, in December 2021, Boyd Corporation, a US-based producer of innovative sealing, thermal management, and protection systems, paid an undisclosed sum for MBK Tape systems. The acquisition broadens Boyd’s medical material science expertise in areas such as biosensors, transdermal patches, and wound care. MBK Tape Solutions is a US-based manufacturer of medical-grade adhesives for medical devices, direct wound sealing, and other applications.

Transdermal Skin Patches Market Prominent Players
Major players in the transdermal skin patches market are Mylan Pharmaceuticals Inc., Hisamitsu Pharmaceutical, Novartis, Johnson & Johnson, Teikoku Pharma, Mylan, Actavis, Mundipharma, Henan Lingrui Pharmaceutical, Changzhou Siyao, Rfl Pharmaceutical, Teva, ProSolus Inc., Medipatch Inc., AdhexPharma, Medherant Limited, Nitto Denko, Noven Pharmaceuticals, 3M Pharmaceuticals, Accrux Ltd., Access Pharmaceuticals Inc., Luye Pharma Group Ltd., Purdue Pharma L.P., Abbott Laboratories, Aneva Drug Delivery Systems, Allergan PLC., Corium International Inc., Immune Pharmaceuticals, Hercon Pharmaceuticals, Pocono and DURECT Corporation.

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The Transdermal Skin Patches Global Market Report 2023  provides a comprehensive overview on the transdermal skin patches market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the transdermal skin patches market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Transdermal skin patches are a drug delivery technique in which a pre-prescribed dose of medication is applied as an adhesive patch and absorbed into the bloodstream through the skin. They administer a precise, pre-set amount of medication into the bloodstream via the skin.

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