Rising Prevalence of Diabetes Fueling Expansion of Global Transdermal Drug Delivery Systems Market

ALAMO, Calif. - May 11, 2021 - PRLog -- The global transdermal drug delivery systems market is set for lucrative growth in the coming years. The market is being driven by the surging population of geriatric people, the rising incidence of chronic diseases such as diabetes, angina, and hypertension, the increasing adoption of advanced drug delivery system technologies, the soaring concerns being raised over painless drug delivery, the increasing number of patients diagnosed with neurovascular diseases, and the various benefits provided by transdermal drug delivery systems.

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The increasing occurrence rate of diabetes is one of the major factors fueling the advancement of the market across the globe. As per the International Diabetes Federation (IDF), nearly 425 million people all over the world in the age bracket 20–79 years were diagnosed with diabetes in 2017 and this number is predicted to rise to 629 million by 2045. Apart from the growing incidence of chronic diseases, the surging geriatric population is also fueling the market expansion.

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Geographically, the transdermal drug delivery systems market (https://www.psmarketresearch.com/market-analysis/transder...) is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region in the future years. This will be a result of the huge investments being made by the governments of several regional countries on healthcare and the increasing implementation of supportive reimbursement policies in the region. Additionally, the soaring healthcare expenditure and the rapid improvements being made in the healthcare infrastructure are massively propelling the market expansion in the region.

Hence, it can be said with full confidence that the market will register huge growth across the world in the coming years, primarily because of the growing incidence of chronic diseases such as diabetes, the rapidly increasing geriatric population, and the soaring healthcare expenditure in several countries.