Transdermal Drug Delivery Systems Market to Grow due to Rising Geriatric Population

The prevalence of chronic diseases is rising rapidly; for example, as per the International Diabetes Federation, approximately 425 million people were suffering from diabetes in the age group of 20–79 years old in 2017, and this number of further projected to rise to 629 million by 2045. In addition to this, the geriatric population across the globe is also growing rapidly. According to the United Nations Department of Economics and Social Welfares report on global aging population, the number of people aged 60 years or above is expected to reach 2.1 billion by 2050. 

Attributed to these factors, the need for different types of treatment is growing, including the requirement for transdermal drug delivery systems. This delivery system uses a special membrane for controlling the rate at which the liquid drug contained in the patch can pass through the skin and into the bloodstream. These patches eliminate the need for vascular access by syringe or the utilization of pumps. Transdermal skin patches have a number of advantages including longer duration of action leading to a reduction in dosing frequency, more uniform plasma levels, reduced side effects, and improved therapy because of the maintenance of plasma levels. 

Because of such benefits, the transdermal drug delivery systems market is projected to advance at a considerable pace in the coming years. The two types of drug delivery systems are active and passive. The demand for active transdermal drug delivery systems, such as electrical based and structural based, was higher in the past, which is attributed to the growing number of product launches. Types of passive transdermal drug delivery systems are reservoir system and matrix system.

In conclusion, the surging prevalence of chronic diseases and growing geriatric population are predicted to result in the rising demand for transdermal drug delivery systems.

Read more: https://www.psmarketresearch.com/market-analysis/transdermal-drug-delivery-systems-market

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Created on Sep 3rd 2020 08:20. Viewed 273 times.

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