Micro Needle Patch Market Trend | Demand and Import/Export Details up to 2028

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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 Micro Needle Patch Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market.

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This market study covers and analyzes the potential of the global Micro Needle Patch industry, providing geometric information about market dynamics, growth factors, major challenges, PEST analysis and market entry strategy analysis, opportunities and forecasts. One of the major highpoints of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19 on Micro Needle Patch market.

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.

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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.

Prominent Players Analyzed in the Report:

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

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Furthermore, the report divides the Micro Needle Patch market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

For this report, Emergen Research has segmented global micro-needle patch market based on type, end use, and region:

  • 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

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2021-2028. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

  • 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)

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Some of the important question for stakeholders and business professional for expanding their position in the Global Micro Needle Patch Market :

Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2021?
Q 2. What are the business threats and Impact of latest scenario Over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Micro Needle Patch movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Micro Needle Patch Market in 2020 and beyond?
Q 5. Who are the significant players confronting and developing in Micro Needle Patch Market?

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