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. Research focus on the development of metallic micro-needle array is another factor contributing to growth of the market. Micro-needles offer easy treatment methods for chronic ailments as compared to other conventional ways. This further drives the market growth in the positive direction. Increasing government expenditure in healthcare sector all over the world is also contributing to the market growth.
The report, additionally, presents a comprehensive analysis of the key elements of the Micro Needle Patch market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.
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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.
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Additional information offered by the report:
- Along with a complete overview of the global Micro Needle Patch market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Micro Needle Patch market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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
- North America
Radical Highlights of the Micro Needle Patch Market Report:
- Comprehensive overview of the Micro Needle Patch market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Micro Needle Patch market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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