Orthobiologics Market to Witness Widespread Expansion During 2020-2027

 Overview:

The global orthobiologics market had a market valuation of USD 4,964 million in 2019 and from there, the market is expected to garner a CAGR of 5.6% during the forecast period of 2020 to 2025. Market Research Future (MRFR), in its attempt to dig deep into the market, revealed several factors that can have a lasting impact on global growth. 

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Drivers and Restraints:

Among the major factors driving the global market ahead, the rising demand for minimally-invasive procedures, increasing cases of trauma and accidents that lead to procedures where orthobiologics are needed, rising technological inclusion, hike in investment for research and development, cases of obesity and geriatric population, and others are expected to boost the market prospect. A better state of disposable incomes can also inspire growth for the market. 

However, there are problems related to reimbursement policies owing to which the market may find the growth a bit restricting in the coming years. The recent COVID-19 pandemic may also restraint market growth to some extent.

Segmentation:

The global orthobiologics market has been studied on the basis of a segmentation made by MRFR experts. The segmentation includes product, application, and end-user and they have been enriched by figures, charts, graphs, and others. 

By product, the global market on the orthobiologics has been segmented into bone morphogenetic protein (BPM), synthetic bone substitutes, demineralized bone matrix (DBM), viscosupplementation products, allograft, and others.

By application, the global market study has been segmented on the basis of an understanding of segments like spinal fusion, soft tissue injuries, fracture recovery, osteoarthritis & degenerative arthritis, and others. The spinal fusion segment was the dominant sector in 2018 as it was getting traction from spinal injuries from sports-related accidents, traumatic injuries, and accidents.

By end user, the global report includes a proper study of segments like hospitals, orthopedic clinics, and others.

Regional Analysis:

The global market will gain substantially from the American market as most of the major players are from this region. The regional market is also slated to benefit from the presence of the US and Canada, where the investment for such products is substantially high. Structural advantage will also help the regional market in including the latest innovations into the mainframe without making much fuss. 

Competitive Landscape:

Globus Medical Inc., Arthrex, Inc., Exactech, Inc., Johnson & Johnson, Wright Medical Group N.V., Zimmer Biomet, Medline Industries, Inc., Integra LifeSciences, Stryker Corporation, NuVasive, Inc., and others are some of the prominent names in the orthobiologics market. These companies are known for their substantial strategic involvement in taking the global market forward. Mostly, these companies rely on methods like innovation, better investment in research and development, merger, tie-up, branding, launching, acquisition, and others. MRFR recorded their moves to understand more about trends that can impact the global market. 

Industry News:

In June 2020, VIVEX Biologics, Inc., a company known for its performance in the field of regenerative medicine company with a specialization in the development of naturally sourced treatment options, revealed their results for the VAST study that wen through a 12-month trial to evaluate VIA Disc®, a non-surgical, injectable intradiscal treatment option for patients who have been affected by degenerative disc disease (DDD). They are yet to receive the acceptance report. 

In June 2020, Bioventus, an eminent company in the field of orthobiologic solutions, has announced that it would launch its SIGNAFUSE Bioactive Bone Graft in a new strip format. It will include 55% bioglass by weight and it can induce higher levels of osteoblast differentiation in comparison to other synthetic bone graft strips. 

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Drug Discovery Informatics Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 Market Synopsis

Market Research Future (MRFR) reveals that the drug discovery informatics market is set to capture a decent growth rate of 11.5% from 2020 to 2027. 

Growth Boosters and Challenges

The drug discovery informatics industry is gaining speed worldwide, primarily on account of the advances in high-performance web and computing services and the rising use of in-silico modeling devices. The generation of massive volumes of data related to drug discovery along with the heightened demand for medicine moieties could favor the global market. Introduction of innovative drug discovery information technology will amplify the competition level in the global market. To cite an instance, in January 2021, Certara, Inc. introduced physiologically based Pharmacokinetic Simulator platform version 20, Simcyp, which helps study the drug action during lactation and pregnancy.

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Furthermore, the surge in chronic ailments like oncology, diabetes mellitus, cardiovascular diseases (CVD), and several infectious disorders has raised the concerns among healthcare workers and government firms alike. Governments are taking up initiatives to boost financial assistance to facilitate upgradations in the pharmaceutical sector, which is touted to benefit the drug delivery informatics market.  

Market Segmentation

To offer a comprehensive framework of the drug discovery informatics industry, MRFR has profiled product, mode, service, and end user as the key segments in the report.

The products listed in the MRFR report are development informatics and discovery informatics.

Mode-wise segments are outsourced informatics and in-house informatics.

Services considered in the report include docking, sequencing and target data analysis, clinical trial data management, molecular modeling, and more. The sequencing and target data analysis segment should lead the global market over the next couple of years, given informatics solutions’ extensive applications in targeted analysis and the massive volumes of data produced drug discovery processes.

Major industry end users are contract research organizations (CROs), pharmaceutical and biotechnology industries, and others.

Regional Status 

The drug discovery informatics industry has been geographically divided into Europe, the Americas, Asia Pacific, or APAC as well as the MEA or Middle East & Africa.

The Americas has been at the forefront of the global market for drug discovery informatics since 2017 and is deemed to remain lucrative throughout the analysis period. Strong presence of several reputed contenders like PerkinElmer Inc., Thermo Fisher Scientific, Inc., and International Business Machines Corporation ensure the region’s elite position in the global industry. Moreover, the modern healthcare infrastructure, thriving biotechnology and pharmaceutical industries, and innovations in next-generation sequencing in Canada and the US also add to the American market’s value. Majority of the vendors in the Americas indulge in research collaborations and joint ventures and this could favor the market in the following years. To illustrate, in December 2020, Atomwise Inc. reported an extensive series of joint ventures with companies like OrganAi, A2i Therapeutics and vAirus, to launch programs related to immunology, oncology, infectious disease, neuroscience and clotting disorders.

Europe is the second highest gainer in the global market and will continue thriving rapidly in the next few years, thanks to the financial aid by the government in terms of research and development activities and the surge in therapeutic discovery ventures. Rise in these activities in line with growing participation of various universities, and academic and research institutes, could further strengthen the market position in Europe.

Asia Pacific will remain a highly lucrative market from 2020 to 2027 and expand at a fast pace backed by the expanding elderly population as well as the alarming rise in chronic disorders. Soaring awareness and significant use of drug discovery informatics, combined with the mounting number of clinical trials in the region also fosters the market value. Governments across multiple countries in the region are working on encouraging the use of bioinformatics for faster medicine discovery. To cite a reference, in July 2020, the Indian government introduced Drug Discovery Hackathon; a training program aimed at discovering effective molecules to fight against COVID-19. This objective is expected to be fulfilled with the use of drug discovery informatics tools that help identify, validate, and design the lead molecule.

The MEA market for drug discovery informatics should depict a decent growth in the years ahead, especially since North Africa and the Middle East account for close to 2% of the worldwide pharmaceutical sales. Exploding population and the resultant rise in drug consumption, especially higher-yield and more effective pharmaceutical products has drawn in a number of global pharmaceutical vendors. This could be a significantly favorable factor for the MEA market in the ensuing years.

Top Contenders

The players spearheading the global market for drug discovery informatics include Jubilant Life Sciences Ltd., PerkinElmer, Inc., IO Informatics, Inc., Infosys Limited, Novo Informatics Pvt. Ltd., Dassault Systèmes, Collaborative Drug Discovery Inc., Charles River Laboratories, Inc., International Business Machines Corporation, Selvita, GVK Biosciences Private Limited, Thermo Fisher Scientific, Inc., Certara, L.P., to mention a few.

Latest News

December 2020

Curve Therapeutics Ltd. adopted the CDD Vault platform for the management of its genetically encoded Microcycle platform that can be used in numerous applications across biotechnology, academic institutes and pharmaceutical. This platform helps secure and seamlessly share data faster and in real-time, thus assisting in collaborative discoveries.

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Healthcare Information Systems Market Growth, Trends and Value Chain 2020-2027

 Market Synopsis

The healthcare information systems market is projected to grow at a CAGR of 10.0% during the forecast period 2018 to 2023. As per the healthcare information systems market research report, the global market for healthcare information systems is projected to grow swiftly. According to analysts, increasing cost of healthcare as well as increasing geriatric population will drive the market growth during the forecast period. The healthcare information systems market research report offers a comprehensive analysis of the global healthcare information systems market and its deployment, components, end-users, and type segments. The low per capita income along with poor economic conditions in certain regions are the elements that could influence the healthcare information systems market advancement throughout the forecast period 2018 to 2023. The healthcare information systems market research report by expert analysts is developed to assist organizations in the healthcare information systems market.

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Market Segmentation

The global healthcare information systems market has been segmented based on deployment, components, end-users, and type. On the basis of type, the market for healthcare information systems is segmented based on pharmacy information systems, hospital information systems. Additionally, the market on the basis of components, is segmented into software, hardware. The global market for healthcare information systems is also covered based on the deployment segment which is further split into web-based, on premise. Based on end-users, the market is segmented into hospitals.

Major elements such as lack of expertise could obstruct the healthcare information systems market growth. However, according to the healthcare information systems market research report, mounting prevalence of fatal diseases along with increase in adoption of advanced technologies will propel growth throughout the forecast period 2018 to 2023. The healthcare information systems market is set to register growth at a high CAGR owing to these key factors. The exploration of deployment, components, end-users, and type segments along with regional markets has been given in the global healthcare information systems market research report. The research analysts studying the healthcare information systems market have put out market forecasts in the healthcare information systems market research report in order to support healthcare information systems market-based companies. The healthcare information systems market research report provides an extensive understanding of the healthcare information systems market based on the information and forecasts till 2023.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for healthcare information systems are predominantly covered in the global healthcare information systems market research report. Country-level healthcare information systems markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level healthcare information systems markets are covered in the report. In Asia-Pacific (APAC) region, the country-level healthcare information systems markets covered are Japan, India, China, and others. The healthcare information systems market research report also explores the regional market for healthcare information systems present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The healthcare information systems market research report also covers regional markets from the rest of the world alongside healthcare information systems markets of Africa and the Middle East.

Competitive Landscape

Growing usage of digital healthcare infrastructure and enhanced efficiency of services are presumed to drive the healthcare information systems market growth worldwide. The global healthcare information systems market could be challenged by infrastructure based limitations, nevertheless, organizations in the healthcare information systems market will carry the growth rate forward. The healthcare information systems market research report presents company profiles of major companies active in the healthcare information systems market globally. Furthermore, the global healthcare information systems market report offers an all-inclusive analysis of the market collected from the healthcare information systems market’s primary and secondary sources covering both decision makers and thought leaders. The healthcare information systems market research report highlights such key areas assisting businesses operating in the healthcare information systems market to build better growth strategies.

Industry News

Despite a protest against a local non-profit, which provides approximately $30 million less and federal worries that the move could advertise public healthcare in the state, the Oklahoma Health Care Authority has approved the contract with a multinational software firm to share health information. A protest against the organization was lodged on 11 January by the Tulsa-based MyHealth Access Network calling the offering procedure "heavily flawed" as well as "arbitrary."

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Radiofrequency Ablation Devices Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 Market Synopsis

According to the research conducted at Market Research Future Reports (MRFR), the global radiofrequency ablation devices market is estimated to record a CAGR of 11.2% during the review period from 2018 to 2023. The advantage of radiofrequency ablation over other ablation medical procedures is projected to be the most significant factor driving the global radiofrequency ablation devices market 2020. Also, the higher success rate of radiofrequency is estimated to escalate the global radiofrequency ablation devices market at a global front. Besides, the increasing healthcare expenditure due to the growing diseases and victims is likely to have a substantial impact on the market in the forthcoming period. Diseases such as arthritis and osteoporosis have increased in number from the past few years, leading to significant growth in the market. Further, the increasing geriatric population is another crucial factor leading to the rise in the global radiofrequency ablation devices market.

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However, complications such as acute respiratory distress syndrome, which has a very low success rate, and the burning sensation are the treatment site of tissue are some of the important factors resulting in the obstruction of the global radiofrequency ablation devices market.

Market Segmentation

The global radiofrequency ablation devices market can be segmented on the basis of application, type, and geography.

On the basis of application, the global radiofrequency ablation devices market can be distinguished into Surgical Oncology, Cardiology and Cardiac Rhythm Management, Gynecology, Cosmetology, Pain Management

On the basis of type, the global radiofrequency ablation devices market can be distinguished into unipolar radiofrequency ablation and bipolar radiofrequency ablation

On the basis of geography, the global radiofrequency ablation devices market can be distinguished into the Americas, Europe, North America, Asia-Pacific, and the Middle East and Africa.

Regional Analysis

The global market for radiofrequency ablation devices is estimated to grow significantly during the review period. On the basis of region, the market can be segregated into the Americas, Europe, North America, Asia-Pacific, and the Middle East and Africa. As per the study, the global market is projected to be dominated by the Americas. The increasing cancer cases, along with the rising geriatric population, are estimated to be the most significant factor leading to the growth of the regional market. Further, the rise in the healthcare sector in the region is estimated to drive the regional market. The European market is projected to hold the second position in the global market. The increasing cases of cosmetology, gynecology, and pain management in the region is estimated to augment the regional market. The APAC region is projected to acquire the third position. However, the APAC region is likely to expand at the fastest pace during the review period. The increasing innovation and awareness about the medication in the region are likely to propel the regional market. On the contrary, the MEA region is estimated to acquire the least market share in the global market. The slow growth in the region can be accredited to the presence of low economy nations. The African regions lag behind. The majority of the market is anticipated to be acquired in the Middle East region. The developed economies, such as Dubai, Kuwait, and other Middle East nations, make most of the valuable contribution to expanding the market.

Key Players

The renowned players of the global radiofrequency ablation services market are Medtronic Inc, Stryker, Boston scientific corporation, Cosman Medical, Inc., Smith & Nephew, St. Jude Medical, Johnson & Johnson (J&J) services, Angiodynamics, LLC, RF Medical Co, Ltd, AtriCure, Inc., and others.

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Q fever Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 Market Highlights

The Q fever market is estimated to be valued at USD 6,249.68 thousand by 2023 and expected to grow at a CAGR of 7.83% during the forecast period. Q fever is also known as query fever. It is a bacterial infection caused by the Coxiella burnetiid bacteria. The bacteria causing this fever are found in animals such as sheep, cattle, and goats around the world. Q fever mostly occurs to people with low immunity, old age people, veterinarians, farmers, and people who work with animals in labs. It might also be caused due to air contaminated by infected animals.

The various symptoms associated with Q fever include high fever, sweating, cough, breathing problem and chest pain, headache, nausea, diarrhea, abdominal pain, jaundice, muscle pain, shortness of breath, and many more.

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Segment analysis

Global Q fever market has been segmented on the basis of type, diagnosis, treatment, and end user. On the basis of type, the market has been divided into acute and chronic. The acute type of Q fever is a normal flu-like illness which does not last for a longer period or sometimes gets recover on its own or requires less time. In some cases, it may lead to cause chronic Q fever if not treated properly. The acute Q fever holds the least number of shares in the global Q fever market. The chronic type is holding the major share of the overall Q fever market. It has been estimated that the chronic growing at the highest CAGR to reach USD 706.20 thousand by the end of 2023.

Based on diagnosis, the global Q fever market is segmented into serology tests and others. Among these segments, the serology tests account for the largest market share owing to its high index of suspicion-based diagnosis. The Q fever market, by treatment, is segmented into antibiotic and surgery. The antibiotics segment accounts for the second largest share in the market with 7.32% CAGR during the forecast period. On the basis of end user, the market is segmented into patients, hospitals and clinics, and others.

Regional Analysis

Geographically, the global Q fever market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific accounted for the largest market share of 44.5% as of 2017 and is projected to grow at the highest CAGR of 8.57% during the forecast period. The increasing prevalence of chronic diseases such as diabetes, cancer, and bacterial infection in developing countries is the major driver for market growth. The Asia-Pacific market is followed by Europe, which is accounted for the second largest number of shares in the global Q fever market, as of 2017. The Americas accounted for a significant share in the global Q fever market. It is attributed to the increasing adoption of pets, increasing preventive treatments, and care facilities for companion animals, rising technically advanced devices, and growing awareness regarding animal-transmitted diseases. For instance, according to the Insurance Information Institute, in 2015, the total number of pets insured reached 1.6 million, and it grew at an annual rate of 12.0% from 2014 to 2015. Similarly, according to a survey conducted by the National Pet Owners, in 2017, around 68% of families or households owned pets in the US.

Key Findings of the Study:

• Global Q fever Market is projected to reach 6,249.68 thousand by 2023 with 7.83% CAGR during the review period of 2018 to 2023
• Asia-Pacific accounted for the largest share due to the increasing prevalence of chronic diseases such as diabetes, cancer, and bacterial infection and rising prevalence of geriatric population in the region
• Patient is the dominant end user for Q fever market across all regional segments during the forecast period
• Chronic Q fever is the leading segment, which is growing at the highest CAGR to reach USD 706.20 thousand by the end of 2023.
• Some of the players operating in the Q fever market are Merck KGaA (Germany), Teva Pharmaceutical (Israel), Pfizer Inc. (US), Basilea Pharmaceutica Ltd (Switzerland), Sanofi S.A. (France), among others.

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Hemostasis and Tissue Sealing Agents Market 2020 Analysis, Industry Size, Share Leaders, Current Status by Major vendors and Trends by Forecast to 2027

 The global hemostasis and tissue sealing agents market is projected to grow at a CAGR of 8.6% over the forecast period. There has been increasing demand for such products as it reduces complication during surgical procedures. Moreover, large number of surgical procedures across the globe are impacting the growth of the market positively. Increasing numbers of surgery procedures worldwide is one of another reason for driving the growth of the hemostasis and tissue sealing agents market.  Surgeries are performed by making cut on the body which leads to the wound formation. Hemostasis and tissue sealing agents products are used in external surgical processes for reducing bleeding. For example, they are used in neurosurgical procedures, cardiac surgery, bariatric surgery, leg surgery, cesarean and orthopedic surgery. Hemostasis and tissue sealing agents products, are frequently used to reduce complexity and reduce recovery time after surgery. The high surgical procedure numbers lead to rising need for hemostasis and tissue sealing agents which reduces the risk during surgical procedures. However, factors such as increasing advancement minimally invasive procedures, lack of reimbursement for these products is hampering the growth of the market

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Regional Analysis

Geographically, the Americas is anticipated to dominate the global hemostasis and tissue sealing agents market owing to the high clinical R&D budgets by both government as well as public and private organizations, presence of major manufacturers for the products, high number of surgical procedures and various others. For instance, according to the Center for Diseases Control and Prevention, approximately 46.5 million surgical procedures are performed every year in the U.S.

Europe is expected to hold the second largest position in the global hemostasis and tissue sealing agents market. The Hemostasis and tissue sealing agents market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to increased medical tourism for surgical procedures, increasing healthcare expenditure in developing countries and various others. The Middle East & Africa has the lowest share of the global hemostasis and tissue sealing agents market. Majority of the market of the region is anticipated to be held by the Middle East region owing to the growing government initiatives for the healthcare sector.

Segmentation

The global hemostasis and tissue sealing agents market has been segmented into product, and end user.

By product, the market has been segmented into topical hemostats, and adhesive & tissue sealant. Furthermore, topical hemostats is divided into Active, mechanical (collagen based hemostats, cellulose based hemostats, gelatin based hemostats, polysaccharide based hemostats) Flowable. Adhesive & tissue sealant is further segmented into synthetic, natural, and adhesion barrier.

Further on the basis of end user the market is bifurcated into hospitals, ambulatory centers and others

Key Players

Some of the prominent players in the global hemostasis and tissue sealing agents market are Johnson & Johnson, Cryolife, Inc., Baxter International, Inc, Ethicon LLC, Integra Lifesciences Corporation, Becton, Dickinson & Company, Cohera Medical, Inc., Pfizer, Inc, Medtronic plc, B. Braun Melsungen AG, MIL Laboratories Pvt. Ltd, Advanced Medical Solutions Group Plc and others.

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Transdermal (Percutaneous) Drug Delivery Systems Market to Witness Widespread Expansion During 2020-2027

 Transdermal drug delivery systems (TDDS) are devices used in administering drugs through the skin at a predetermined rate and maintain concentrations accordingly. They are also known as patches. The global transdermal drug delivery systems market report contains drivers, challenges, trends, and opportunities for the period of 2018 to 2023 (forecast period). It also considers the impact of the COVID-19 pandemic on medical devices and its manufacture.

Market Scope

The global transdermal drug delivery systems market size is projected to expand at 4.6% CAGR over the forecast period. It stood at a value of USD 5,400.2 million in 2017. The market is primarily driven by increasing cases of chronic diseases and the large geriatric population. According to the World Health Organization (WHO), the population of patients above the age of 60 can reach 2 billion by 2050. Technological breakthroughs in delivery systems and adoption of new devices can pave the way for the market.

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However, incidence of irritation and edema, lack of adhesion of TDDS to different skin types, and a cap on the volume of drugs to be administered to the body can impede market growth.

Segmentation

The global transdermal (percutaneous) drug delivery systems market has been segmented into product, technology, and application.

By product, the market has been divided into transdermal patches and transdermal semisolids. The transdermal patches segment is further categorized into microneedle patches, drug-in-adhesive patches, matrix patches, and reservoir membrane patches. On the other hand, the transdermal semisolids segment is segmented into sprays, gels, and ointments. The transdermal patches segment had held the majority of the market in 2017 due to its benefits of reduced dosing frequency, lower adverse events, improved bioavailability, enhanced patient compliance (non-invasive nature), and painless application.

On the basis of technology, the market has been divided into thermal, electric current, ultrasound, iontophoresis, electroporation, microporation, and others.

By application, the market caters to hormone replacement therapy, smoking cessation, contraception, pain management, cardiovascular diseases, central nervous system disorders, and others.

Regional Analysis

The global transdermal (percutaneous) drug delivery systems market has been segmented by region into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

Geographically, in 2017, the Americas dominated the global TDDS market due to the presence of major market players (Pfizer Inc., and Johnson & Johnson Services, Inc.) and developed healthcare infrastructure. Increased investments in research activities related to transdermal drug delivery systems, a surge in surgeries, and high adoption of TDDS systems in the US and Canada.

Europe would follow the Americas in the global transdermal (percutaneous) drug delivery systems market owing to stellar advances in the pharmaceutical industry. The growth is foster due to the proximity of pharma heavyweights such as Hisamitsu Pharmaceutical Co., Inc., Novartis International AG, Mylan N.V., Boehringer Ingelheim International GmbH, and Allergan plc.

APAC is expected to generate maximum revenue for the global TDDS market owing to the growing elderly population and the rising prevalence of chronic diseases. India, China, and Japan are likely to contribute to the growth of the APAC transdermal drug delivery systems marekt throughout the forecast period. For instance, the Coronary Artery Disease among Asian Indians (CADI) Research Foundation had reports of hypertension being highly prevalent disease in India. The number is estimated to reach to 214 million by 2025. This can be prove to be lucrative for manufacturers of TDDS.

The MEA region would register a modest market growth rate during the forecast period. Introduction of new healthcare models and modernization of infrastructure in the Gulf Cooperation Council (GCC) countries and Sub-Saharan African countries can induce demand for TDDS in  the region.

Competitive Outlook

Pfizer Inc., Mylan N.V. Hisamitsu Pharmaceutical Co., Inc. UCB S.A., Boehringer Ingelheim International GmbH, Allergan plc, Noven Pharmaceuticals, Inc., Endo Pharmaceuticals Inc., Novartis International AG, Actelion Pharmaceuticals Ltd, GlaxoSmithKline PLC, and Johnson & Johnson Services, Inc. are key players of the global transdermal drug delivery systems market.

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