Product ID: UCMIG35A2178
Transdermal Drug Delivery Systems Market Size, Share, Growth Analysis, By Technology Outlook(Electroporation, Radio Frequency), By Application Outlook(CNS, Pain Management) - Industry Forecast 2024-2031
Report ID:
UCMIG35A2178 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Transdermal Drug Delivery Systems Market Insights
Market Overview:
According to reports, the transdermal drug delivery system market had a valuation of USD 59.4 billion in 2022, with an estimated compound annual growth rate (CAGR) of 11.9% from 2023 to 2030. The market's growth is mainly attributed to the rise in chronic diseases worldwide, where conventional drug delivery systems such as oral drugs are less effective due to hepatic first-pass metabolism. However, the COVID-19 pandemic has had a minor adverse effect on the transdermal drug delivery system market.
Transdermal Drug Delivery Systems Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Transdermal Drug Delivery Systems Market Report Snapshots
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