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 global Micro Needle Patch market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Micro Needle Patch market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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.
Research Report on the Micro Needle Patch Market Addresses the Following Key Questions:
- Who are the dominant players of the Micro Needle Patch market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Micro Needle Patch market?
- What are the key growth drivers and restraining factors of the Micro Needle Patch market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Micro Needle Patch market and its key segments?
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Emergen Research has segmented the global Micro Needle Patch market on the basis of type, type of care, and region
Segments Covered in this report are:
Type Outlook (Revenue, USD Million; 2018–2028)
End Use Outlook (Revenue, USD Million; 2018–2028)
- Ambulatory Surgical Centers
- Cosmetic Therapy Centers
- Academic and Research Institutions
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
In conclusion, the Micro Needle Patch Market report is an exhaustive database that will help readers formulate lucrative strategies. The Micro Needle Patch Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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