Transdermal Drug Delivery Systems Market Business

The global transdermal drug delivery systems market was valued at $ 32,516 million in 2016, and is projected to reach $61,689 million by 2023, growing at a CAGR of 9.5% from 2017 to 2023. The passive system segment held more than three-fifths share of the total market in 2016.

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The passive system segment is expected to dominate the market throughout the analysis period, owing to increase in the incidence of chronic disorders, such as hypertension. The active system segment is expected to register highest CAGR of 12.8% during the forecast period.
Key Findings of the Transdermal Drug Delivery Systems Market: Reservoir system segment is projected to grow at a CAGR of 7.3% during the forecast period. Matrix system contributed for nearly two-third share of the global passive transdermal drug delivery systems market, in 2016.

Key Findings of the Transdermal Drug Delivery Systems Market:
Reservoir system segment is projected to grow at a CAGR of 7.3% during the forecast period.
Matrix system contributed for nearly two-third share of the global passive transdermal drug delivery systems market, in 2016.
Structure-based drug delivery system segment is expected to register the highest CAGR of 13.3% during the analysis period.
Cardiovascular disorders segment is expected to grow at the highest CAGR of 10.8% during the forecast period.
France and Germany collectively contributed for more than one-third share of the European transdermal drug delivery systems market in 2016.
Japan is the major shareholder, accounting for more than one-third share of the Asia-Pacific transdermal drug delivery systems market in 2016.
Market Segmentation:

The report presents in-depth insights into each of the leading Transdermal Drug Delivery Systems end user verticals along with annual forecasts to 2027.

The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering regions such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Structure-based drug delivery system segment is expected to register the highest CAGR of 13.3% during the analysis period. Cardiovascular disorders segment is expected to grow at the highest CAGR of 10.8% during the forecast period. France and Germany collectively contributed for more than one-third share of the European transdermal drug delivery systems market in 2016. Japan is the major shareholder, accounting for more than one-third share of the Asia-Pacific transdermal drug delivery systems market in 2016. Asia-Pacific is projected to register the highest CAGR of 10.1% during the forecast period, owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (India and China) to cater to the unmet medical needs. Technological advancements to develop cost-effective technologies in these nations offer a lucrative opportunity for the market growth.

The major companies profiled in the report includes Novartis AG, Johnson & Johnson, Mylan N.V., Boehringer Ingelheim GmbH, Bayer AG, Bristol-Myers Squibb Company, GlaxoSmithKline plc., Acrux Limited, Echo Therapeutics, Inc., and Endo Pharmaceuticals Inc.

The leading companies in Global Transdermal Drug Delivery Systems Market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and Transdermal Drug Delivery Systems products and services.

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The report lays emphasis on the key trends and opportunities that may emerge soon and positively impact the overall industry growth. Additionally, challenges and restraining factors that are likely to curb the growth in the years to come are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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