Intramuscular Effect Patch Market Size, Share, Growth, and Industry Analysis, By Type (Ordinary and Pre-cut), By Application (Field of motion, Clinical rehabilitation, and Other) Regional Insights and Forecast to 2031

Updated On: 22 April 2024

intramuscular effect patch market REPORT OVERVIEW

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The global intramuscular effect patch market size was in USD 170.68 million 2021 and is expected to reach USD 295.06 million by 2027, at CAGR of 9.55% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Intramuscular effect patches represent advanced medical devices crafted to administer drugs or therapeutic substances into muscle tissue. These patches provide a convenient and less intrusive substitute for conventional intramuscular injections, rendering them an appealing choice for both patients and healthcare professionals.

COVID-19 Impact: Telemedicine and Remote Monitoring among Population to Fuel Market Growth

The pandemic stimulated a notable increase in telehealth and the remote monitoring of patients. Intramuscular effect patches offer a valuable option for remote patient care, enabling healthcare providers to administer specific medications and oversee patients' progress without necessitating in-person consultations.

The pandemic led to numerous disruptions and delays in clinical trials, thereby affecting the progress and assessment of intramuscular effect patches for diverse therapeutic purposes.

LATEST TRENDS

"Rise in Telemedicine and Remote Care, and Advancements in Microneedle Technology to Fuel Market Growth "

Telemedicine has witnessed significant expansion, a growth trajectory that was notably accelerated by the COVID-19 pandemic. Patients are showing an increasing preference for remote healthcare alternatives, whether it's for regular consultations or the supervision of chronic ailments. Intramuscular effect patches are well-suited to this evolving landscape by offering a method to remotely administer medication. Telemedicine affords patients the opportunity to engage with healthcare professionals from the safety and comfort of their residences. Intramuscular effect patches complement this convenience by enabling medication administration during virtual consultations, diminishing the necessity for in-person medical visits. Continuous research and development efforts have resulted in the progress of microneedle technology, enhancing the efficiency, comfort, and versatility of intramuscular effect patches for a wide range of drug formulations.

intramuscular effect patch market SEGMENTATION

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• By Type

Based on Type intramuscular effect patch market is classified as Ordinary and Pre-cut.

• By Application

Based on Application intramuscular effect patch market is classified as Field of motion, Clinical rehabilitation, and Other.

DRIVING FACTORS

"Patient-Centric Healthcare to Fuel Market Growth "

The intramuscular effect patch market growth is underpinned by the transition towards patient-centric healthcare, which prioritizes enhancing the patient experience and minimizing treatment discomfort. This shift has generated heightened interest in intramuscular effect patches, which present a more patient-friendly and minimally invasive method for drug administration.

"Telemedicine and Remote Healthcare to Stimulate Market Progress"

The surge in telemedicine and remote healthcare services has spurred a need for drug delivery methods that are both convenient and effective. Intramuscular effect patches fulfill this demand by facilitating medication administration from a distance, aligning with the demands of the telehealth era.

RESTRAINING FACTORS

"Regulatory Challenges to Harm Market Growth "

The stringent regulatory demands associated with developing and bringing medical devices to the market, such as intramuscular effect patches, can present obstacles to both market entry and the approval of new products. These complex and continually evolving regulations require careful navigation.

intramuscular effect patch market REGIONAL INSIGHTS

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"North America bolstered by the increasing demand for patient-centric healthcare solutions to Drive Market Share  "

North America, encompassing the United States and Canada, commands a substantial intramuscular effect patch market share in the realm of intramuscular effect patches. This dominance is fortified by the region's advanced healthcare infrastructure and substantial healthcare spending. The market share in North America is further bolstered by the increasing demand for patient-centric healthcare solutions and novel drug delivery techniques, which have spurred the widespread adoption of intramuscular effect patches. Notably, regulatory agencies in North America, such as the FDA, wield significant influence by setting product approval criteria and industry standards, further shaping the market share dynamics.

KEY INDUSTRY PLAYERS

"Multitude of companies that played a pivotal role in expansion of intramuscular effect patch "

Within the intramuscular effect patch market, prominent industry players include companies specializing in the manufacturing, development, and distribution of these cutting-edge medical devices. Pharmajet, for instance, is renowned for its Needle-Free Injection Systems, encompassing intramuscular delivery solutions for vaccines and medications.

List of Market Players Profiled

• McDavid (U.S.)
• LP (Gujarat)
• KT TAPE (U.S.)
• TheraBand (U.S.)
• RockTape (U.S.)

REPORT COVERAGE

The future demand for the intramuscular effect patch market is covered in this study. The Research report includes the Telemedicine and Remote Monitoring due to the Covid-19 Impact. The report covers the latest trends in Rise in Telemedicine and Remote Care. The paper includes a segmentation of the intramuscular effect patch market. The research paper includes the driving factors that are Patient-Centric Healthcare to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for intramuscular effect patch.