Transdermal Drug Delivery System Market Size, Share & Forecasts, 2014 - 2024.

Recent years has introduced multiple drugs that could be delivered through transdermal route. Also, the existing market players in this market are focusing on mergers and acquisition to create niche market. Transdermal drug delivery system market is categorized on the basis of delivery system type, application, and geography. On the basis of delivery system type, the market is divided into active (matrix system, reservoir system), passive (electrical based, structure based) and others. Electrical based systems can be further classified as iontophoresis, electroporation and sonophoresis. Passive delivery system segment is predicted to lead the market of transdermal drug delivery system due to rise in chronic disorders.

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Based on application, transdermal drug delivery systems industry is divided into analgesics, hormone replacement therapy, motion sickness, cardiovascular disorder, smoking cessation, and others. Cardiovascular disorder segment is projected to hold larger market share of transdermal drug delivery system owing to the increase in cases of heart-related disorders.

Geographically, transdermal drug delivery systems market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is expected to dominate transdermal drug delivery system industry owing to the growing number of patients suffering from chronic disorders. The prominent players in transdermal drug delivery systems industry include Acrux Limited, Echo Therapeutics, Inc., Johnson & Johnson, Bristol-Myers Squibb Company, GlaxoSmithKline plc, Boehringer Ingelheim GmbH, Mylan N.V., Bayer AG, Endo Pharmaceuticals Inc. and Novartis AG.

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