Market Overview:
The global transdermal transmission patches market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for drug delivery and health monitoring applications, and the growing awareness about the benefits of transdermal transmission patches. The wrist/hand wear segment is expected to dominate the global transdermal transmission patches market in terms of revenue by 2030. This segment is projected to grow at a CAGR of 8% from 2018 to 2030, owing to its advantages such as easy portability and low cost.
Product Definition:
A transdermal transmission patch is a medicated adhesive patch that is placed on the skin to deliver a drug through the skin and into the bloodstream. The patches are often used to treat chronic pain, addiction, and other conditions.
Wrist/Hand Wear:
Hand/Wrist wear is a method of delivering medication to patients that do not have access to the veins. The skin on the palm of your hand acts as a perfect barrier, which prevents any type of infection from entering through your skin and reaching the blood stream. This method is mostly used for medications that are required to be administered in small doses (as in case of vitamins) or when it's difficult to apply make up drugs on certain areas (such as infants).
Body Wear:
Body wear is also known as body-powered or self-powered transdermal patches. It is a method of delivering medication through the skin using adhesive backed paper or plastic film, which absorbs the drug at a rate that is greater than or equal to 95% and lesser than 99%. The major advantage of this system over traditional methods such as oral tablets and injections, is that there are no external devices needed for delivery.
Application Insights:
Health monitoring application segment is expected to emerge as the fastest-growing segment over the forecast period. This can be attributed to growing awareness about transdermal patches for medication adherence and patient compliance. As per a study published in 2016 by NCBI, around 92% of patients regularly use some form of medication management tool such as pill boxes or reminder alarms while taking medicines. Growing usage of patch for non-invasive blood glucose testing is also expected to contribute towards growth during the forecast period.
Diagnosis application segment held the largest share in 2017 owing to increasing adoption across various disease states such as diabetes, epilepsy, asthma and others where skin permeability issues have been observed previously with other treatment options available at present only through invasive methods (such as surgery). The introduction of new products with enhanced performance is also anticipated fuel demand during the study period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of developed healthcare infrastructure, high adoption rate of advanced technologies and a large number of key players operating in this region. Moreover, increasing R&D expenditure by companies for development of innovative products is expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income coupled with growing awareness regarding health monitoring applications. Furthermore, increasing prevalence of chronic diseases such as diabetes and cardiac disorders among Asian population will boost demand for transdermal patches in near future.
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to the World Health Organization (WHO), chronic diseases account for 60%–70% of all deaths worldwide. This provides a huge opportunity for transdermal transmission patches market as these patches can be used to deliver drugs directly to the site of action, thus reducing the side effects associated with traditional drug delivery methods.
- Technological advancements: The technological advancements in transdermal patch technology are providing new opportunities for players in this market. For instance, recent advances in microneedle technology have made it possible to develop transdermal patches that can be used to deliver large molecules such as proteins and peptides, which was not possible earlier. This is expected to boost the growth prospects of this market in coming years.
- Growing demand for self-medication: There has been a growing trend towards self-medication across the world in recent years due to various factors such as easy availability of drugs over-the-counter and increasing awareness about health issues among people .This is providing a major impetus to growth prospects for transdermal transmission patches market as these patches offer an easy and convenient way for people to take medication without having need go see a doctor every time they want take medication..
Scope Of The Report
Report Attributes
Report Details
Report Title
Transdermal Transmission Patches Market Research Report
By Type
Wrist/Hand Wear, Body Wear
By Application
Health Monitoring, Drug Delivery, Diagnosis
By Companies
BioIntelliSence, iRhythm Technologies, BioTelemetry, Feeligreen, G-Tech, GENTAG, The IONTO Team, Insulet Corporation, Tracxn Technologies, VivaLNK
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Transdermal Transmission Patches Market Report Segments:
The global Transdermal Transmission Patches market is segmented on the basis of:
Types
Wrist/Hand Wear, Body Wear
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
Health Monitoring, Drug Delivery, Diagnosis
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:
- BioIntelliSence
- iRhythm Technologies
- BioTelemetry
- Feeligreen
- G-Tech
- GENTAG
- The IONTO Team
- Insulet Corporation
- Tracxn Technologies
- VivaLNK
Highlights of The Transdermal Transmission 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:
- Wrist/Hand Wear
- Body Wear
- By Application:
- Health Monitoring
- Drug Delivery
- Diagnosis
- 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 Transdermal Transmission 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Transdermal patches are a type of medication delivery system that use adhesive to attach the patch to the skin. The patch releases medication through tiny pores in its surface over time.
Some of the major companies in the transdermal transmission patches market are BioIntelliSence, iRhythm Technologies, BioTelemetry, Feeligreen, G-Tech, GENTAG, The IONTO Team, Insulet Corporation, Tracxn Technologies, VivaLNK.
The transdermal transmission patches market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transdermal Transmission 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 Transdermal Transmission Patches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transdermal Transmission 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 Transdermal Transmission 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 Transdermal Transmission Patches Market Size & Forecast, 2020-2028
4.5.1 Transdermal Transmission Patches Market Size and Y-o-Y Growth
4.5.2 Transdermal Transmission 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 Wrist/Hand Wear
5.2.2 Body Wear
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 Health Monitoring
6.2.2 Drug Delivery
6.2.3 Diagnosis
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transdermal Transmission 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 Transdermal Transmission 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 Wrist/Hand Wear
9.6.2 Body Wear
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 Health Monitoring
9.10.2 Drug Delivery
9.10.3 Diagnosis
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 Wrist/Hand Wear
10.6.2 Body Wear
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 Health Monitoring
10.10.2 Drug Delivery
10.10.3 Diagnosis
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 Wrist/Hand Wear
11.6.2 Body Wear
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 Health Monitoring
11.10.2 Drug Delivery
11.10.3 Diagnosis
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 Wrist/Hand Wear
12.6.2 Body Wear
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 Health Monitoring
12.10.2 Drug Delivery
12.10.3 Diagnosis
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 Wrist/Hand Wear
13.6.2 Body Wear
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 Health Monitoring
13.10.2 Drug Delivery
13.10.3 Diagnosis
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 Transdermal Transmission Patches Market: Competitive Dashboard
14.2 Global Transdermal Transmission Patches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BioIntelliSence
14.3.2 iRhythm Technologies
14.3.3 BioTelemetry
14.3.4 Feeligreen
14.3.5 G-Tech
14.3.6 GENTAG
14.3.7 The IONTO Team
14.3.8 Insulet Corporation
14.3.9 Tracxn Technologies
14.3.10 VivaLNK
