Market Overview:
The global methyl salicylate patches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic pain, rising geriatric population, and technological advancements in the field of medical devices. Based on type, the global methyl salicylate patches market is segmented into polyisobutylene, polyacrylate, silicone rubber, and other segments. Polyisobutylene is expected to account for a major share of this market during the forecast period owing to its superior properties such as biocompatibility and flexibility. Based on application, hospital pharmacies are expected to account for a major share of this market during the forecast period owing to their large customer base and widespread distribution network across regions.
Product Definition:
Methyl Salicylate patches are used to treat pain and inflammation. They work by releasing methyl salicylate, which is a type of medicine known as a non-steroidal anti-inflammatory drug (NSAID). Methyl salicylate is thought to work by blocking the action of enzymes called cyclooxygenases. These enzymes help to make chemicals in the body called prostaglandins. Prostaglandins are involved in causing pain and inflammation, and methyl salicylate is thought to block their production, which reduces pain and inflammation.
Polyisobutylene:
Polyisobutylene, commonly known as PIB or isoprene-butadiene rubber, is a synthetic rubber produced by the polymerization of isobutylene. It has a molecular weight of 140.0 and an amorphous structure. Polyisobutylene exhibits superior properties such as resistance to chemicals, high temperature, ozone and UV light; making it useful in producing molds for the production of pharmaceutical drugs and medical devices among other applications (1).
Polyacrylate:
Polyacrylate is a polymer with cross-linked molecular chains. It has applications in adhesion promotion, drug delivery, and tissue engineering. Polyacrylates are used as stabilizers in methyl salicylate (MSA) patches for the treatment of atopic dermatitis because it improves the patch stability and results in uniform distribution of MSA on the skin surface.
Application Insights:
The global methyl salicylate patches market by application is segregated into hospital pharmacies, online pharmacies, independent pharmacies and drug stores. The hospital pharmacy segment dominated the market in 2017 owing to factors such as high usage rates of the product and increasing prevalence of chronic diseases. Methyl salicylate patches are used for various conditions such as rheumatoid arthritis, osteoarthritis and acute pain. Thus, rising incidences of these diseases will boost the demand for methyl salicylate patches over the forecast period.
Online pharmacy is expected to be one of the fastest-growing segments during the forecast period due to factors such as growing internet penetration rate globally along with increased accessibility of medicines through e-commerce platforms at a cheaper price compared to traditional brick-and-mortar stores or local drugstores. Increasing use cases where patients require medical assistance but are unable to reach a doctor quickly due to work pressure or other reasons will drive this segment growth further over next few years.
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand for pharmaceutical products coupled with stringent regulations regarding their manufacturing. The region is expected to maintain its dominance over the forecast period due to increasing geriatric population and rising incidences of skin cancer, which are majorly attributed to sun exposure. Rising awareness about preventive healthcare measures is also one of the key factors driving growth in this region.
Asia Pacific is estimated to be fastest-growing regional market from 2018 till 2030 on account of rapid economic development along with improving healthcare infrastructure in emerging countries such as China, India, and South Korea. In addition, growing penetration of online pharmacies will further boost product demand during the forecast period.
Growth Factors:
- Increasing demand for pain relief medication: The global population is aging and with this, the prevalence of chronic diseases is increasing. This has led to an increase in the demand for pain relief medication, which in turn is driving the growth of the methyl salicylate patches market.
- Technological advancements: The development of new and innovative technologies has helped to improve the efficacy and safety profile of methyl salicylate patches, thereby driving their adoption.
- Rising awareness about benefits of methyl salicylate patches: There is a growing awareness among consumers about the benefits of using methyl salicylate patches for pain relief, which is helping to drive market growth.
- Growing number of product launches: Key players in the methyl salicylate patches market are launching new products in order to cater to the growing demand from consumers worldwide. This is helping to fuel market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Methyl Salicylate Patches Market Research Report
By Type
Polyisobutylene, Polyacrylate, Silicone Rubber, Other
By Application
Hospital Pharmacies, Online Pharmacies, Independent Pharmacies & Drug Stores
By Companies
Acorda Therapeutics, Teikoku Seiyaku, GlaxoSmithKline, Hisamitsu Pharmaceutical, Mylan, Pfizer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Methyl Salicylate Patches Market Report Segments:
The global Methyl Salicylate Patches market is segmented on the basis of:
Types
Polyisobutylene, Polyacrylate, Silicone Rubber, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital Pharmacies, Online Pharmacies, Independent Pharmacies & Drug Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Acorda Therapeutics
- Teikoku Seiyaku
- GlaxoSmithKline
- Hisamitsu Pharmaceutical
- Mylan
- Pfizer
Highlights of The Methyl Salicylate Patches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyisobutylene
- Polyacrylate
- Silicone Rubber
- Other
- By Application:
- Hospital Pharmacies
- Online Pharmacies
- Independent Pharmacies & Drug Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methyl Salicylate Patches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Methyl salicylate patches are a type of medication used to relieve pain. They are made of a thin, adhesive sheet that is covered in methyl salicylate, which is an oil derived from the willow tree. When applied to the skin, the patch releases methyl salicylate into the bloodstream. This chemical then travels to your brain and spinal cord where it blocks nerve signals that cause pain.
Some of the key players operating in the methyl salicylate patches market are Acorda Therapeutics, Teikoku Seiyaku, GlaxoSmithKline, Hisamitsu Pharmaceutical, Mylan, Pfizer.
The methyl salicylate patches market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Methyl Salicylate Patches Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Methyl Salicylate Patches Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Methyl Salicylate Patches Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Methyl Salicylate Patches Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Methyl Salicylate Patches Market Size & Forecast, 2020-2028 4.5.1 Methyl Salicylate Patches Market Size and Y-o-Y Growth 4.5.2 Methyl Salicylate Patches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polyisobutylene
5.2.2 Polyacrylate
5.2.3 Silicone Rubber
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital Pharmacies
6.2.2 Online Pharmacies
6.2.3 Independent Pharmacies & Drug Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Methyl Salicylate Patches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Methyl Salicylate Patches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polyisobutylene
9.6.2 Polyacrylate
9.6.3 Silicone Rubber
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital Pharmacies
9.10.2 Online Pharmacies
9.10.3 Independent Pharmacies & Drug Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polyisobutylene
10.6.2 Polyacrylate
10.6.3 Silicone Rubber
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital Pharmacies
10.10.2 Online Pharmacies
10.10.3 Independent Pharmacies & Drug Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polyisobutylene
11.6.2 Polyacrylate
11.6.3 Silicone Rubber
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital Pharmacies
11.10.2 Online Pharmacies
11.10.3 Independent Pharmacies & Drug Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polyisobutylene
12.6.2 Polyacrylate
12.6.3 Silicone Rubber
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital Pharmacies
12.10.2 Online Pharmacies
12.10.3 Independent Pharmacies & Drug Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polyisobutylene
13.6.2 Polyacrylate
13.6.3 Silicone Rubber
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital Pharmacies
13.10.2 Online Pharmacies
13.10.3 Independent Pharmacies & Drug Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Methyl Salicylate Patches Market: Competitive Dashboard
14.2 Global Methyl Salicylate Patches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acorda Therapeutics
14.3.2 Teikoku Seiyaku
14.3.3 GlaxoSmithKline
14.3.4 Hisamitsu Pharmaceutical
14.3.5 Mylan
14.3.6 Pfizer