This is the painless way for drug delivery which delivers the drug up to the epidermis in skin. The application range of the microneedle is wide can be used in cosmetics, in hospitals, during minor operation etc. The microneedle patches have prominent properties such painless penetration, low cost, excellent therapeutic efficacy, and relative safety which increases the growth of the market in forecast period.
The funds distributed by the governments for the research and development in healthcare sector gives a great opportunity for the market movers to develop new technologies in the market and contribute in the growth and demand of the market globally
The painless drug delivery property, high therapeutic efficacy helps in boosting the growth of the market.
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The introduction of new technologies such as use of microneedles for vaccination drives the demand of the market , introduction of dissolving microneedle patches which makes the drug deliver easy and gives the relief to the patient within no time drives the demand of the market.
The technological advancement in healthcare sector is high in this region and the presence of well-established key players drives the growth of the market in the region. The increasing number of chronic disease such as diabetes, cancer, and other boosts the market growth.
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Europe has some established key players in the market and many emerging and rising stars of the Microneedle Patches industry are rising every year this boosts the demand of the market.
The Asia Pacific region has better prospect in growing with a high rate of CAGR in the coming years as the regional market will witness several changes in the healthcare sector. The increasing expenditure on the healthcare sector in the region leads to boost for demand in region.
- Nissha Co.
- CosMED Pharmaceutica
- Skyn ICELAND
- Micron Biomedical
- Micropoint Technologies
- Bela LAB
- Dermaject
- Raphas
- nanoBioSciences
- Win Coat Corporation
are identified as the key players of the Microneedle Patches market.
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Key Segments
By Product Type
- Dissolving
- Insoluble
By Application
- Medical
- Cosmetics
- Surgerical
By End User
- Hospitals
- Specialized clinics
- Cosmetics care centers
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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