Transdermal Skin Patches Market Size
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 8.92 Billion |
| Market Size (2029) | USD 11.33 Billion |
| CAGR (2024 - 2029) | 4.87 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Transdermal Skin Patches Market Analysis
The Transdermal Skin Patches Market size is estimated at USD 8.92 billion in 2024, and is expected to reach USD 11.33 billion by 2029, growing at a CAGR of 4.87% during the forecast period (2024-2029).
A transdermal patch is a medicated adhesive patch placed on the skin to deliver a specific dose of medication through the skin and into the bloodstream. Transdermal patches enable safe, reproducible, and controlled administration of drugs to a defined skin microenvironment as a transdermal drug delivery system. Factors such as increasing advantages of transdermal medicine over oral and ingesting medications, increasing tobacco use worldwide, and rising research and development funding of pharmaceuticals are expected to drive the transdermal patches market during the forecast period. Oral medications can have gastrointestinal adverse effects like nausea or upset stomach. However, digestive side effects can usually be prevented with transdermal patches. For instance, according to an article published in the National Library of Medicine in June 2023, it has been observed that this method of transdermal drug delivery delivers medication directly to the bloodstream through the skin, bypassing the digestive tract and any potential side effects. Therefore, transdermal patches offer a non-invasive, painless method of drug administration with the added benefit of delivering a continuous therapeutic dose for a specified period. This is expected to increase its adoption among the target population, propelling market growth. Additionally, the global increase in tobacco use has led to an increased demand for nicotine transdermal patches for smoking cessation. According to the 2023 National Youth Tobacco Survey (NYTS) report, approximately 2.8 million young people in the United States use tobacco products. Tobacco use among middle school students rose from 4.5% in 2022 to 6.6% in 2023. Therefore, with the increasing number of smokers globally, the demand in the nicotine patch market is expected to increase, which is projected to drive market growth. Moreover, the increasing awareness among people about their health and the increasing expendable income leads to high expenditure on healthcare. For instance, data published by the Canadian government in January 2022 found that the public and private sectors invested USD 226 billion and USD 75 billion in developing pharmaceutical drugs, respectively. Such government investments are expected to create opportunities in the transdermal patch market, boosting market growth. Hence, factors such as the advantages of transdermal patches over other routes of administration, increasing global tobacco usage, and increasing research and development of pharmaceuticals are expected to drive the growth of the transdermal drug delivery market. However, the inability of the skin to absorb a range of active substances is expected to hinder market growth during the forecast period.
Transdermal Skin Patches Market Trends
The Pain Relief Segment is Expected Hold Significant Growth in the Transdermal Skin Patches Market During the Forecast Period
The factors attributing to the growth of the pain relief patch market are the rising prevalence of pain-related disorders, such as diabetic neuropathy, rheumatoid arthritis, osteoarthritis, migraine, and other diseases among the population. For instance, according to Statpearls updated data in February 2023, it was observed that back pain is a common ailment among adults, and up to 23% of the world's total population experience chronic low back pain. In addition, as per the same source, the target group also revealed a one-year recurrence rate of 24% to 80%, and some estimates of lifetime prevalence are as high as 84% in the adult population. Thus, the rising burden of back pain among the population is anticipated to increase the demand for transdermal patches for pain relief, thereby bolstering segment growth. Moreover, companies' rising activities in developing pain relief transdermal patches contribute to market growth during the forecast period. For instance, in November 2022, NEXGEL launched its MEDAGEL Migraine Relief Patch, developed using NEXGEL's unique hydrogel technology. The patch provides instant and long-lasting cooling relief from migraines, hormonal headaches, and fevers by pulling heat away from the body. Thus, factors such as the rising prevalence of pain-related disorders and increasing product launches are expected to drive the segment revenue in the transdermal analgesic patch market during the forecast period.
North America is Estimated to Hold Significant Market Share During the Forecast Period
The factors attributing to the market growth are the presence of key players and established healthcare infrastructure. In addition, the rising number of smokers in North America and increasing government initiatives to help people quit smoking are expected to boost the nicotine patch market in the region. The rising number of smokers in the region is expected to increase the demand in the nicotine transdermal patches market, which will enhance market growth. For instance, from the data published by the Centers for Disease Control and Prevention in March 2022, it has been observed that about 34.0% of high school students (5.22 million) and 11.3% of middle school students (1.34 million) reported ever using a tobacco product (i.e., electronic cigarettes (e-cigarettes), cigarettes, cigars, smokeless tobacco, hookahs, pipe tobacco, heated tobacco products, nicotine pouches, and bidis). Also, various initiatives taken by the government authorities and other organizations in Mexico to prevent smoking are likely to support the growth of the transdermal patch market. For instance, in April 2022, Cancun launched a new campaign about drugs aimed at United States visitors. In collaboration with the General Communication Coordination (CGC), local authorities aimed toward international tourists dubbed "Be a part of the solution". Thus, such initiatives create awareness among individuals about smoking cessation using transdermal patches, which ultimately drive the transdermal patches market in the forecast period. The increasing product launches by transdermal patch manufacturers in North America are also expected to drive the market during the forecast period. For instance, in September 2022, Corium Inc., a biopharmaceutical company, launched ADLARITY (donepezil transdermal system) in the United States to treat patients with mild, moderate, or severe dementia of Alzheimer's type. Hence, such product approvals are expected to drive the transdermal medical patch market during the forecast period. Thus, due to the increasing number of smokers in North America, rising government initiatives, and increasing transdermal patch product launches in the region, the market is expected to be driven during the forecast period.
Transdermal Skin Patches Industry Segmentation
The transdermal skin patches market is semi-consolidated in nature and competitive. The key players are focused on adopting product innovations, product launches and approvals, R&D investment for advancements in transdermal patches, and mergers and acquisitions as their developmental strategies to sustain the competitive market environment. Some major companies in the market are Teva Pharmaceuticals USA Inc., Novartis AG, Teikoku Pharma USA Inc., Mylan Inc., and 3M, which are leading transdermal patch manufacturers.
Transdermal Skin Patches Market Leaders
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Teva Pharmaceuticals USA Inc.
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Novartis AG
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Teikoku Pharma USA, Inc.
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Viatris, Inc.
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Johnson & Johnson
*Disclaimer: Major Players sorted in no particular order
Transdermal Skin Patches Market News
- January 2024: Starton Therapeutics Inc., a clinical-stage biotechnology company, filed a provisional patent application with the United States Patent and Trademark Office (USPTO) for unique and novel approaches to incorporate various active pharmaceutical ingredients (APIs) into transdermal drug delivery systems.
- April 2023: Teikoku Seiyaku Co. Ltd and Kowa Company Ltd launched ALLYDONE Patches 27.5 mg / ALLYDONE Patches 55 mg in Japan to treat dementia due to Alzheimer’s disease.
Transdermal Skin Patches Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Advantages of Transdermal Medicine Over Oral and Ingesting Medications
4.2.2 Increasing Funding and Investments in Drug Research
4.3 Market Restraints
4.3.1 Inability of the Skin to Absorb a Range of Active Substance
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Value in USD)
5.1 By Type
5.1.1 Single-layer Drug-in-Adhesive
5.1.2 Multi-layer Drug-in-Adhesive
5.1.3 Matrix
5.1.4 Other Types
5.2 By Application
5.2.1 Pain Relief
5.2.2 Smoking Reduction and Cessation Aid
5.2.3 Overactive Bladder
5.2.4 Hormonal Therapy
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Teva Pharmaceutical Industries Ltd
6.1.2 Novartis AG
6.1.3 Teikoku Pharma USA Inc. (Teikoku Seiyaku Co. Ltd)
6.1.4 Viatris Inc.
6.1.5 Johnson & Johnson
6.1.6 Luye Pharma Group
6.1.7 Purdue Pharma Manufacturing LP
6.1.8 Henan Lingrui Pharmaceutical Ltd
6.1.9 Samyang Biopharmaceuticals Corp. (Samyang Holdings)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Transdermal Skin Patches Industry Segmentation
As per the report's scope, the transdermal patch is a medicated adhesive patch placed on the skin to deliver a precise dose of medication. These patches deliver medicine dosage through the skin using a diffusion technique, which gets released into the bloodstream over a long period. The transdermal skin patches market is segmented by type, application, and geography. The market is segmented into single-layer drug-in-adhesive, multi-layer drug-in-adhesive, matrix, and other types. By application, the market is segmented into pain relief, smoking reduction and cessation aid, overactive bladder, hormonal therapy, and other applications. The market is segmented by geography into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value in USD for the above segments.
| By Type | |
| Single-layer Drug-in-Adhesive | |
| Multi-layer Drug-in-Adhesive | |
| Matrix | |
| Other Types |
| By Application | |
| Pain Relief | |
| Smoking Reduction and Cessation Aid | |
| Overactive Bladder | |
| Hormonal Therapy | |
| Other Applications |
| Geography | ||||||||
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Transdermal Skin Patches Market Research FAQs
How big is the Transdermal Skin Patches Market?
The Transdermal Skin Patches Market size is expected to reach USD 8.92 billion in 2024 and grow at a CAGR of 4.87% to reach USD 11.33 billion by 2029.
What is the current Transdermal Skin Patches Market size?
In 2024, the Transdermal Skin Patches Market size is expected to reach USD 8.92 billion.
Who are the key players in Transdermal Skin Patches Market?
Teva Pharmaceuticals USA Inc., Novartis AG, Teikoku Pharma USA, Inc., Viatris, Inc. and Johnson & Johnson are the major companies operating in the Transdermal Skin Patches Market.
Which is the fastest growing region in Transdermal Skin Patches Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Transdermal Skin Patches Market?
In 2024, the North America accounts for the largest market share in Transdermal Skin Patches Market.
What years does this Transdermal Skin Patches Market cover, and what was the market size in 2023?
In 2023, the Transdermal Skin Patches Market size was estimated at USD 8.49 billion. The report covers the Transdermal Skin Patches Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Transdermal Skin Patches Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Transdermal Skin Patches Industry Report
The Global Transdermal Skin Patches Market is segmented by type and application across various geographies. The market analysis includes single-layer drug-in-adhesive, multi-layer drug-in-adhesive, matrix, and other types. Applications cover pain relief, smoking reduction and cessation aid, overactive bladder, hormonal therapy, and other uses. The market forecast provides a comprehensive overview of the market growth, market size, and market share.
The industry report offers valuable insights into the market trends and market leaders, focusing on industry statistics and market segmentation. The industry outlook highlights the expected market growth and market value, providing a detailed market review. The market data and market predictions are crucial for understanding the market overview and market forecast.
Additionally, the report includes industry research and industry sales information, offering a thorough industry analysis. The market outlook and market review provide a clear picture of the market dynamics, supported by industry trends and industry size data. The report example and report PDF are available for a deeper dive into the market research and market forecast.
Overall, the industry reports and market leaders' insights are essential for understanding the market trends and industry outlook. The report highlights the significance of market segmentation and market value in driving market growth. The market forecast and market review offer a comprehensive understanding of the market dynamics, supported by industry analysis and industry statistics. The report PDF and report example provide additional resources for further research and analysis.
Transdermal Skin Patches Market Report Snapshots
