The global micro-needle patch market is expected to reach a market size of USD 639.4 Million at a revenue CAGR of 6.1% in 2028, according to the latest analysis by Emergen Research. Increased risk of lifestyle associated diseases and increased needle-stick injuries have fueled demand for micro-needle patches. Increase in demand for self-administered medication service is also one of the driving factors for growth of the market. Companies are also focusing on bio-degradable micro-needles which can further fuel the market growth. Introduction of dissolving micro-needles in the market is also expected to add to the market growth.
The report is formulated with the updated and latest information of the global Micro Needle Patch market further validated and verified by the industry experts and professionals. The Global Micro Needle Patch Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Micro Needle Patch market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
The Micro Needle Patch market investigation report assesses the global market for the Micro Needle Patch industry and provides revenue and capability forecasts for the projected period. The factors that drive the industry's growth are highlighted in the report. The report divides the Micro Needle Patch market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets.
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Key Highlights of Report
- In August 2019, fentanyl transdermal system was announced by Johnson & Johnson to treat patients suffering from severe pain.
- In September 2019, Sparsha Pharma USA collaborated with Nemura Pharma for the development of transdermal drug delivery systems, including microneedles.
- In October 2018, Nissha Co. Ltd. exhibited Microneedle 2.0, a dissolving micro-needle technology at the international trade fair for cosmetics in Paris. It is a next generation technology, to be used in cosmetic therapy, which effectively delivers the drug to the targeted area.
- North America accounted for largest revenue share in the global market in 2020 and is expected to grow at a significantly fast rate during the forecast period. This can be attributed to the increasing use of dissolving micro-needles in the region. State of the art research and development infrastructure in the region also adds to growth of the market.
Competitive Terrain:
The global Micro Needle Patch industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
3M Company, Becton Dickinson and Company, Zosano Pharma Corporation, Raphas Co. Ltd., Nanopass Tech, Corium International, Inc., Valeritas, Inc., Nitto Denko Corporation, Microdermics, Inc., Sanofi S.A.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Micro Needle Patch market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Micro Needle Patch market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Micro Needle Patch market.
Market Segmentations of the Micro Needle Patch Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Micro Needle Patch market on the basis of product, application, and region:
Segments Covered in this report are:
Type Outlook (Revenue, USD Million; 2018–2028)
- Solid
- Hollow
- Dissolving
End Use Outlook (Revenue, USD Million; 2018–2028)
- Hospitals
- Ambulatory Surgical Centers
- Cosmetic Therapy Centers
- Academic and Research Institutions
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Israel
- Rest of MEA
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
