Fentanyl Transdermal Patches Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Fentanyl transdermal patches market is anticipated to grow at a significant CAGR during the forecast period. Fentanyl transdermal patch is used for the treatment of chronic pain in opioid-tolerant people. These patches are administrated when an opioid analgesic is needed to be used for an extended period. The major factor driving the demand for fentanyl transdermal patches is the increasing prevalence of chronic pain anmcancer pain across the globe. 

Moreover, the market is also growing due to the rising prescription rate for fentanyl patches coupled with the increasing demand for OTC non-opioid or pain medicines globally. Additionally, these patches are strong opioid agent which is considered to be 100 times more potent than morphine. Further, it continuously supplies drugs to the skin surface and enables drugs to circulate in the body for several days. However, the market growth is hampered due to the side effects related to these patches such as serious breathing problems, severely low blood pressure, adrenal insufficiency and androgen deficiency among others. 

Moreover, North America is expected to hold a prominent share in the market owing to the rising prevalence of cancer in the region. Additionally, transdermal patches support to deliver pain management drugs at a fixed proportionate rate to attain either a local or a systemic effect in cancer. Furthermore, the market is also growing due to the increasing geriatric population across the globe. Some major players in the market include Mylan N.V., and Novartis International AG, among others. 

To Request a Sample of our Report on Fentanyl Transdermal Patches Market:  https://www.omrglobal.com/request-sample/fentanyl-transdermal-patches-market

Market Coverage

·        The market number available for – 2022-2030

·        Base year- 2022

·        Forecast period- 2023-2030

Segment Covered- 

·                  By Type

·                  By Application

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- Mylan N.V., and Novartis International AG, among others 

Fentanyl Transdermal Patches Market Report by Segment

By Type

•                 12 mcg/h

•                 25 mcg/h

•                 50 mcg/h

•                 75 mcg/h

•                 100 mcg/h

By Application 

•                 Musculoskeletal Pain

•                 Auto-Immune Disease

•                 Post-Operative Pain

•                 Cancer Pain

•                 Others

A full Report of Fentanyl Transdermal Patches Market is Available @  https://www.omrglobal.com/industry-reports/fentanyl-transdermal-patches-market

Fentanyl Transdermal Patches Market Report by Region

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

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2.  More than 120 countries are for analysis.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

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