According to FutureWise analysis the market for Microneedle Patches in 2023 is US$ 0.76 billion, and is expected to reach US$ 1.24 billion by 2031 at a CAGR of 6.32%.
Microneedle Patches are small medical devices consisting of a patch covered in hundreds of needles. Injecting needles into the skin is used to deliver medications and other substances under the surface of the skin. Over traditional needle-and-syringe injections, microneedle patches offer many potential advantages, including being easier to use, less painful, and more efficient at delivering medication. Using this method, the drug is delivered up to the epidermis in the skin without causing any pain. Microneedles have a wide range of applications, including cosmetics, hospitals, and minor surgery.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Microneedle Patches Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Microneedle Patches Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.