Sharp Surge Expected In Asia-pacific Transdermal Drug Delivery Systems Market In Future

By Author: Pramod Kumar
Total Articles: 97
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The global transdermal drug delivery systems market is set for lucrative growth in the coming years. The market is being driven by the surging population of geriatric people, the rising incidence of chronic diseases such as diabetes, angina, and hypertension, the increasing adoption of advanced drug delivery system technologies, the soaring concerns being raised over painless drug delivery, the increasing number of patients diagnosed with neurovascular diseases, and the various benefits provided by transdermal drug delivery systems.

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The increasing occurrence rate of diabetes is one of the major factors fueling the advancement of the market across the globe. As per the International Diabetes Federation (IDF), nearly 425 million people all over the world in the age bracket 20–79 years were diagnosed with diabetes in 2017 and this number is predicted to rise to 629 million by 2045. Apart from the growing incidence of chronic diseases, the surging geriatric population is also ...
... fueling the market expansion.

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Furthermore, the organization found that only 54% of the people suffering from high blood pressure in the U.S. have their condition under control. Depending on the type of delivery system, the transdermal drug delivery systems market is divided into passive and active delivery systems. Between these, the passive delivery system category will hold higher market share in the future. This will be because of the growing incidence of chronic diseases such as hypertension and the mushrooming usage of these devices.

Geographically, the transdermal drug delivery systems market is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region in the future years. This will be a result of the huge investments being made by the governments of several regional countries on healthcare and the increasing implementation of supportive reimbursement policies in the region. Additionally, the soaring healthcare expenditure and the rapid improvements being made in the healthcare infrastructure are massively propelling the market expansion in the region.

Hence, it can be said with full confidence that the market will register huge growth across the world in the coming years, primarily because of the growing incidence of chronic diseases such as diabetes, the rapidly increasing geriatric population, and the soaring healthcare expenditure in several countries.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.