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Transdermal Drug Delivery Market by Application and Geography - Global Forecast 2019-2023

  • Published: Jul 2019
  • Pages: 122
  • SKU: IRTNTR31611
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Industry Insights

The global transdermal drug delivery market size will grow by USD 1.79 billion during 2019-2023 at over 4% CAGR. The advantages over parenteral and oral routes of administration and the availability of penetration enhancers used in transdermal drug delivery are a few factors that are expected to drive the market growth in the coming years. The report provides a detailed analysis of the market by application (analgesics, neurological disorders, hormone replacement therapy, cardiovascular disorders, and others) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Corium Inc., GlaxoSmithKline Plc, Johnson & Johnson Services Inc., Novartis AG, and Teva Pharmaceutical Industries Ltd.

They are synthetic components that mimic the functions and molecular structure of human blood. These blood substitutes are available as hemoglobin-based oxygen carrier (HBOC) and perfluorocarbon-based oxygen carrier (PFBOC).

Key Insights from Transdermal Drug Delivery Market – Global Forecast 2019-2023

Transdermal-Drug-Delivery-Market

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The advantages of transdermal drug delivery over parenteral and oral routes of administration is one of the key factors contributing to the growth of the market. There are certain limitations associated with oral drug delivery, such as incomplete delivery of medicines to the target site because of unpredictable gastrointestinal absorption. On the other hand, the parenteral route of administration, such as injection, is effective. However, many individuals do not prefer this method because of the pain associated with it.

Transdermal drug delivery overcomes the limitations mentioned above. It is an effective non-invasive drug delivery method. Transdermal patches are applied on the skin closest to the target site. They ensure controlled absorption. They also have improved bioavailability owing to pH-associated deactivation. These factors have increased patient compliance, which is significantly driving the growth of the market.

The availability of penetration enhancers used in transdermal drug delivery is one of the key trends contributing to the growth of the market. Researchers have developed various ways to modify the barrier properties of the skin for effective transdermal drug delivery. The approaches used to enhance drug penetration through the skin are chemical, physical, and biochemical. The physical approach, commonly used for skin condition treatment, involves the use of ultrasound. Also, there are many chemical and biochemical enhancers available in the market. The rising availability of these enhancers will continue to support the growth of the global transdermal drug delivery market over the forecast period. As a result of these factors, the market will register over 4% CAGR over the forecast period.

Industry Analysis

Quantitative Data

  • Market size for 2018
  • Market forecast for 2019 to 2023
  • Regional market opportunities
  • Market segment opportunities
  • Growth momentum: Overall market and individual market segments
  • Market condition: 2018
  • Market segmentation based on application: Analgesics, neurological disorders, hormone replacement therapy, cardiovascular disorders, and others
  • Market size, market forecast, and growth momentum
  • Market size and forecast in Asia, Europe, North America, and ROW
  • Market forecasts for key countries

Qualitative Data

  • Porter’s Five Forces analysis
  • Trends, drivers, and challenges
  • Vendor Landscape
  • Market structure
  • Criticality of inputs
  • Factors of differentiation
  • Market landscape disruption
  • Market maturity
  • Disruption threats
  • Factors driving disruptions
  • Competitive landscape
  • Vendor classification
  • Market positioning of vendors
  • Customer landscape
  • Market fragmentation
  • Sources of disruption

Application Insights

The application segment has been broadly categorized into analgesics, neurological disorders, hormone replacement therapy, cardiovascular disorders, and others. The analgesics segment accounted for the highest transdermal drug delivery market share in 2018. During the forecast period, the segment is expected to grow faster compared with the overall market. The other application segment will register a slower growth rate compared with the overall market during the forecast period.

Regional Insights

North America accounted for the highest market share in 2018. The growth rate of the region will be faster than the overall market over the forecast period. It will account for the largest market share in the global transdermal drug delivery market throughout the forecast period. The US is a significant revenue contributor to the transdermal drug delivery market in North America.

The rising prevalence of chronic health conditions such as neurological disorders, cardiovascular diseases, Alzheimer’s dementia, and diabetes in the US is increasing the need for novel treatment therapies. These therapies need advanced drug administration methods, which is increasing the demand for these systems. Also, the repurposing of many drugs in the region are contributing to the growth of the market. Furthermore, the presence of several leading vendors in the region will also contribute to the growth of the market in North America.  

Top Transdermal Drug Delivery Providers

The market is moderately fragmented. The transdermal drug delivery market analysis report provides a detailed analysis of the market’s competitive landscape and offers information on the services offered by various companies. To enable service providers in creating strategies to make the most of future growth opportunities, the report also provides information on the upcoming market trends and challenges that will influence the market growth.

The report offers a detailed analysis of several companies, including: 

  • Corium Inc.
  • GlaxoSmithKline Plc
  • Johnson & Johnson Services Inc.
  • Novartis AG
  • Teva Pharmaceutical Industries Ltd.

Segments covered in the report

Transdermal drug delivery market by application

  • Analgesics
  • Neurological disorders
  • Hormone replacement therapy
  • Cardiovascular disorders
  • Others

Transdermal drug delivery market by geography

  • Asia
  • Europe
  • North America
  • ROW

Key Highlights of the Transdermal Drug Delivery Market Forecast Report for the Period 2019-2023 

  • CAGR of the market during the forecast period 2019-2023 
  • Detailed information on factors that will accelerate the growth of the transdermal drug delivery market size during the next five years 
  • Precise estimation of the global transdermal drug delivery market size and its contribution to the parent market 
  • Accurate predictions on upcoming trends and changes in consumer behavior 
  • The growth of the industry across Asia, Europe, North America, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors 
  • Comprehensive details of factors that will challenge the growth of the delivery providers 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Analgesics - Market size and forecast 2018-2023
  • Neurological disorders - Market size and forecast 2018-2023
  • Hormone replacement therapy - Market size and forecast 2018-2023
  • Cardiovascular disorders - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • R&D of microneedle-assisted transdermal drug delivery systems
  • Repurposing of existing drugs
  • Availability of penetration enhancers used in transdermal drug delivery

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Corium Inc.
  • GlaxoSmithKline Plc
  • Johnson & Johnson Services Inc.
  • Novartis AG
  • Teva Pharmaceutical Industries Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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