The Asia Pacific transdermal drug delivery system market is expected to witness significant growth during the forecast period. The growth of the market is expected to be fastest in countries such as China, India, and Australia. The growth of the market in these countries is expected to be fastest due to growing technology, growing geriatric population, increasing prevalence of cardiovascular diseases, and growing demand for non-invasive medical devices. China is the largest market for transdermal drug delivery systems market. The growth of the transdermal drug delivery system market is primarily attributed to the growing technology in China and increasing developments by the market players. The excessive population in China, coupled with the rising prevalence of chronic diseases is offering immense growth opportunities in the transdermal patches and semisolid products for the pain management market. However, considering the geographic and economic operations between Asian countries and China, the countries are expected to witness challenge of COVID-19. The outbreak of disease has badly affected supply chain, and led to shortage of healthcare supplies in the region. Moreover, domestic start-ups backed by international funding have already started witnessing back out from investors putting the development of the products in jeopardy.
• Central Nervous System Disorders
• Pain Management
• Hormonal Applications
• Other Applications
• Home Care Settings
• Other End Users
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,199.69 Million |
| Market Size by 2027 | US$ 1,736.02 Million |
| Global CAGR (2020 - 2027) | 4.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |