the medical patch market
A medical patch or a transdermal patch is a means of delivering a drug through the skin that spreads through the bloodstream through body heat. The advantage of a medical patch is that the doses of drugs are released more or less quickly; however, the skin can constitute a significant barrier to the passage of molecules, thus impacting the effectiveness of the drug. The uses the most common medical patches are the nicotine patches to stop smoking, the skin patches to reduce the effects of menopause, patches to treat angina pectoris, etc.
The production and marketing medical patches were created around the 1990s, but it was not until 2001 that the medical patch market experienced a very significant boom. The market is doing well: the only French manufacturer, Plasto Santé, has, for example, grown by an average of nearly 40% between 2014 and 2017, thanks to significant investments made. The market growth is due to the manufacture and release of new types of patches, as well as an important process of compliance.
The number of companies on the market is limited to a few global players and transnational. Most of the players in the medical patch market are large pharmaceutical and biotechnology companies. The amount of investments, experience and know-how required to enter this market are barriers to entry important.
Manufacturers of medical patches develop their activities at the global level . The main players in this market are concentrated in the United States and Europe, particularly in France, England and Germany. They manufacture and market their products through branches in the countries in which they have been implemented.
The medical patch market is characterized by a level of very important investment in R . Companies dedicate a large part of their profits to the development of innovative products, in order to expand their market share and conquer new niches.
The manufacture of medical patches is also aimed at expanding drug delivery options for consumers. As a result, the medical patch market is characterized by a high level of segmentation. Currently it is possible to find medical patches almost for all types of diseases and treatments . From the traditional patch to stop smoking to contraceptives and slimming patches, this market has very significant development potential in the medium and long term.
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