The global fentanyl transdermal patches market is anticipated to grow at a significant CAGR during the forecast period. Fentanyl transdermal patch is used for the treatment of chronic pain in opioid-tolerant people. These patches are administrated when an opioid analgesic is needed to be used for an extended period. The major factor driving the demand for fentanyl transdermal patches is the increasing prevalence of chronic pain anmcancer pain across the globe.
Moreover, the market is also growing due to the rising prescription rate for fentanyl patches coupled with the increasing demand for OTC non-opioid or pain medicines globally. Additionally, these patches are strong opioid agent which is considered to be 100 times more potent than morphine. Further, it continuously supplies drugs to the skin surface and enables drugs to circulate in the body for several days. However, the market growth is hampered due to the side effects related to these patches such as serious breathing problems, severely low blood pressure, adrenal insufficiency and androgen deficiency among others.
Moreover, North America is expected to hold a prominent share in the market owing to the rising prevalence of cancer in the region. Additionally, transdermal patches support to deliver pain management drugs at a fixed proportionate rate to attain either a local or a systemic effect in cancer. Furthermore, the market is also growing due to the increasing geriatric population across the globe. Some major players in the market include Mylan N.V., and Novartis International AG, among others.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Mylan N.V., and Novartis International AG, among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Fentanyl Transdermal Patches Market Report by Segment
By Type
- 12 mcg/h
- 25 mcg/h
- 50 mcg/h
- 75 mcg/h
- 100 mcg/h
By Application
- Musculoskeletal Pain
- Auto-Immune Disease
- Post-Operative Pain
- Cancer Pain
- Others
A full report of Fentanyl Transdermal Patches Market is available at: https://www.omrglobal.com/industry-reports/fentanyl-transdermal-patches-market
Fentanyl Transdermal Patches Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Mylan N.V.
- Novartis International AG
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