Transdermal Skin Patches Market is Estimated to Witness High Growth Owing to Rising Prevalence of Chronic Diseases
Transdermal Skin Patches Market The transdermal skin patches market has witnessed significant growth over the past few years owing to growing demand in applications such as pharmaceuticals and medical therapy. Transdermal skin patches are drug delivery systems used to deliver a therapeutically effective amount of medication through the skin and into the bloodstream. They provide several advantages over conventional oral drug delivery methods including controlled release of drugs at predetermined rates, non-invasiveness, and direct access to systemic circulation. Owing to these benefits, transdermal skin patches are widely being used for delivery of nicotine, hormones, analgesics and various other drugs. The Global transdermal skin patches market is estimated to be valued at US$ 9773.27 Bn in 2024 and is expected to exhibit a CAGR of 23% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the transdermal skin patches are Omsk Carbon Group, Tokai Carbon