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Microneedle Patches Market

Market Study on Microneedle Patches: Over 50% of Sales Accounted for by Solid Patches

Microneedle Patches Market Segmented By Dissolving and Insoluble Product Type in Medical, Cosmetics and Surgerical Application

Microneedle Patches Market Outlook (2023 to 2033)

The global microneedle patches market expanded at a CAGR of 6.4% from 2017 to 2022. The market is set to exhibit substantial growth from US$ 792.9 million in 2022 to a valuation of US$ 1.7 billion by the end of 2033, expanding at 7.1% CAGR over the next ten years.

  • Solid microneedle patches accounted for 56.8% of overall product sales in 2022.
  • Sales of microneedle patches accounted for 2% share of the global drug delivery systems market in 2022.

Increasing number of people with needle phobia is expected to fuel the demand for microneedle patches. Needle phobia is necessitating the development of less invasive and convenient methods of administering medications through the skin.

  • As per the National Institutes of Health (2021), needle phobia affects 11.5 to 66 million adult Americans yearly.

People with needle phobia often forgo medical care, including vaccinations. Population resistance to vaccination could delay the development of herd immunity in the event of a pandemic. Chronic diseases such as diabetes, cancer, and rheumatoid arthritis are on the rise and often require daily, self-administered therapy. The high prevalence of chronic diseases and technological advancements provide additional opportunities for developers and manufacturers.

  • According to the National Library of Medicine in 2021, the prevalence rates of needle fear range from 3.5% to 20%. Two surveys indicate that 3.5% to 4% of the population in the United States experience a fear of needles.

Increasing number of needlestick injuries is leading to a rising demand for minimally invasive methods for the delivery of drugs and vaccines. In this case, the microneedle patches drug delivery system, which is a painless, non-invasive way of delivering drugs, prevails over other conventional delivery methods. Microneedles are small in size and do not affect blood vessels or skin nerves. A skin patch or other transdermal technique or device is used to deliver the drug into the bloodstream in a distinct dosage form.

Rising number of patients with needle phobia makes vaccine administration difficult. Therefore, there is a significant demand for minimally invasive delivery systems such as transdermal drug delivery.

Attribute Details

Microneedle Patches Market Size (2023)

US$ 846.7 Million

Projected Market Value (2033)

US$ 1.7 Billion

Global Market Growth Rate (2023 to 2033)

7.1% CAGR

Market Share of Top 5 Countries

62.6%

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What are the Main Factors Positively Influencing the Demand for Microneedle Patches?

“Rising Demand for Advanced Drug Delivery Systems and Minimally Invasive Procedures”

The market is anticipated to expand as a result of rising demand for drug delivery systems with self-administration support and more advanced and automated features.

Insulin delivery devices are designed with patients’ needs in mind for self-administration and home use. Use of syringes is undesirable for patients suffering from chronic diseases related to diabetes. This reinforces the preference for microneedle drug delivery pens or patches.

Patients suffering from diabetes find it painful and stressful to inject themselves with insulin every day. Therefore, they are looking for painless, safe, easy-to-use, and cost-effective new drug delivery technologies. By developing novel drug delivery strategies, researchers have found an alternative to traditional delivery systems. Fast-dissolving drug delivery systems are widely favored among the pediatric and geriatric populations.

Increasing number of needle stick injuries, on the other hand, is driving demand for minimally invasive methods for the delivery of drugs and vaccines. Blood-borne viruses are spread through these needlestick injuries. The human immunodeficiency virus (HIV), leading to acquired immune deficiency syndrome (AIDS), is a cause for concern, along with the rapidly increasing spread of hepatitis B and hepatitis C.

  • For instance, more than 385,000 healthcare professionals suffer needlestick injuries in the United States each year, according to the Centers for Disease Control and Prevention (CDC) (2022).

The microneedle patches market has been boosted by regulatory bodies' recommendations to use protected needles and retractable needle safety syringes as a result of an increase in needlestick injuries. These factors are driving the growth of the microneedle patches market.

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What are the Hindrances to the Demand Growth for Microneedle Patches?

“Complexity of Manufacturing and High Regulatory Cost Burden Associated with Microneedle Patches”

Microneedle patches require complex manufacturing equipment that must be properly certified and sterilized before each production batch. This results in high operating costs and debt due to the purchase or rental/lease of capital equipment.

  • The United States FDA's requirements for maintaining a high level of care not just in manufacturing but also in packaging, storage, and distribution add to the high regulatory cost burden.

The ability of microneedle patches to sufficiently penetrate the skin is another essential requirement. When addressing this issue, it is important to take into account the features of the skin that might differ from person to person.

The behavior of microneedles during insertion and penetration to overcome skin elasticity is highly dependent on several factors, including geometry, base, tip diameters, length, and interspace. Such factors limit the growth of the microneedle patches market.

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Country-wise Insights

What is the Demand Outlook for Microneedle Patches in the United States?

“Increasing Demand for Painless Drug Delivery and Favorable Government Regulations”

The United States accounted for 40.2% share of the global market in 2022.

The United States market is anticipated to expand significantly owing to increasing demand for painless drug delivery and advantageous reimbursement practices.

Microneedle patches offer a painless and minimally invasive alternative to traditional needle-based drug delivery methods such as injections. This is particularly appealing to patients who may have a fear of needles or dislike the pain associated with injections. Demand for painless drug delivery methods drives the adoption of microneedle patches.

The United States government, through agencies such as the Food and Drug Administration (FDA), also plays a crucial role in supporting and regulating medical technologies. Initiatives that promote innovation and streamline the regulatory pathways for microneedle patches encourage their development and commercialization. This support from regulatory bodies fosters market growth.

What Makes China an Attractive Market for Manufacturers of Microneedle Patches?

“Growing Prevalence of Chronic Diseases and Expanding Pharmaceutical Industry”

China held 5.5% market share of the global market in 2022.

China, like many other countries, is witnessing a rise in chronic diseases such as diabetes, cardiovascular disorders, and skin conditions. Microneedle patches provide an effective means of delivering drugs for the treatment of these conditions. The convenience, improved drug absorption, and patient compliance associated with microneedle patches make them a preferred choice for managing chronic diseases, thereby driving market growth.

  • According to the National Library of Medicine's 2022 publication, cardiovascular diseases (CVD) caused 46.74% and 44.26% of all fatalities, in rural and urban areas, respectively in 2019. CVD was the cause of two out of five deaths. China is estimated to have 330 million patients with cardiovascular disease.

The Chinese government has been actively promoting technological advancements in the healthcare sector. This includes support and investments in research and development of innovative drug delivery technologies. Microneedle patches, with their potential for improved drug delivery and patient care, have garnered attention and support from the government, which further accelerates market growth.

How is Demand for Microneedle Patches Shaping Up in Germany?

“Advancements in Microneedle Technology and Growing Emphasis on Personalized Medicine”

Germany occupied 6.4% of the global market share in 2022.

The field of microneedle technology in Germany has witnessed significant advancements in recent years, including improvements in patch design, material selection, and manufacturing techniques. These advancements have resulted in more reliable and efficient microneedle patches, which are likely to drive market growth in Germany.

Personalized medicine, which involves tailoring medical treatments to individual patients, is gaining prominence. Microneedle patches offer the potential for personalized drug delivery, as they can be customized to deliver specific medications or combinations of drugs based on an individual's needs.

Presence of several leading manufacturers of microneedle patches in Germany is likely to drive the adoption of microneedle patches in Germany.

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Category-wise Insights

Why are Solid Microneedle Patches Widely Preferred Worldwide?

“High Demand for Solid Microneedle Patches Due to Their Stability and Enhanced Safety”

The solid microneedle patches segment held 56.8% share of the global market in 2022.

Solid microneedles are typically made of biocompatible materials and do not require any additional components such as pumps or reservoirs. They are easy to manufacture, handle, and apply to the skin. Compared to other types of microneedles, solid microneedles are perceived as safer and more straightforward, making them more widely accepted by both healthcare professionals and patients.

Solid microneedles can be used to deliver a wide range of drugs, including small molecules, proteins, peptides, and even vaccines. They can be loaded with drug formulations in various ways, such as pre-coating the needles or incorporating drugs into the microneedle matrix itself. This versatility makes solid microneedle patches suitable for a broad range of therapeutic applications.

Which End User Accounts for High Demand for Microneedle Patches?

“Specialty Clinics’ Expertise in Targeted Medical Treatment Boosting Demand for Microneedle Patches”

Specialty clinics accounted for 33.3% sales of microneedle patches in 2022.

Specialty clinics typically focus on specific medical fields or conditions, such as dermatology, aesthetics, or pain management. These clinics often have specialized knowledge, expertise, and experience in using microneedle patches for specific treatments or applications. They can provide specialized guidance and recommendations to patients regarding the use of microneedle patches.

Specialty clinics often provide personalized or tailored treatment plans to their patients based on their unique needs. Microneedle patches offer the advantage of customization, allowing healthcare providers in specialty clinics to select or design patches with specific needle lengths, configurations, or drug formulations to address individual patient requirements.

Competition Landscape

The market for microneedle patches experiences competition as companies strive to strengthen relationships with existing distributors while expanding their market presence in emerging regions. The competitive landscape involves a comprehensive evaluation of multinational and regional companies that hold significant market shares. Collaborations, acquisitions, and expansions with key market players contribute to the market's competitive environment.

Some key developments include the following:

  • In October 2021, 3M Health Care and Thermo Fisher Scientific formed a partnership aimed at enhancing process efficiency and addressing scalability challenges in the manufacturing of commercial therapeutics.
  • Vaxxas secured a US$ 5 million grant in 2020 for the development of a micro-array patch utilized in measles and rubella vaccination, showcasing their commitment to advancing immunization technologies.

The team at Persistence Market Research has tracked similar developments related to companies manufacturing microneedle patches, which are available in the full report.

Microneedle Patches Industry Report Scope

Attribute Details

Forecast Period

2023 to 2033

Historical Data Available for

2015 to 2022

Market Analysis

  • US$ Million/Billion for Value
  • Units for Volume

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Argentina
  • Mexico
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Türkiye
  • GCC Countries
  • South Africa

Key Market Segments Covered

  • Product
  • End User
  • Region

Key Companies Covered

  • The 3M Company
  • Becton, Dickinson and Company (BD)
  • Harro Höfliger Verpackungsmaschinen GmbH
  • Raphas Co. Ltd.
  • Nanopass Technologies Ltd.
  • Corium, Inc.
  • Valeritas Inc. (Zealand Pharma)
  • Nitto Denko Corporation
  • Microdermics Inc.
  • VAXXAS
  • Endoderma Ltd.
  • QuadMedicine
  • Snvia Co., Ltd.
  • Small Lab Co. Ltd. (kbiztrade)
  • AdminMed nanoBioSciences LLC

Report Coverage

  • Market Forecast
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

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Key Segments of Microneedle Patches Industry Research

Product:

  • Solid Microneedle Patches
    • Silicon
    • Metal
    • Polymer
  • Hollow Microneedles Patches
  • Dissolving Microneedles Patches
  • Coated Microneedles Patches

End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Academic Institutions
  • Research Institutes

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

- Companies Covered in This Report -

  • The 3M Company
  • Becton, Dickinson and Company
  • Raphas Co., Ltd.
  • Nanopass Tech
  • Corium International, Inc.
  • Valeritas, Inc.
  • Nitto Denko Corporation
  • Microdermics Inc.
  • Vaxxas Pty Ltd.
  • Endoderma Ltd.
  • QuadMedicine
  • SNvia Co., Ltd.
  • Small Lab Co. Ltd. (kbiztrade)
  • AdminMed nanoBioSciences LLC
  • Harro Höfliger Verpackungsmaschinen GmbH

- Frequently Asked Questions -

The global microneedle patches market was valued at US$ 792.9 million in 2022.

The global market expanded at a 6.4% CAGR from 2015 to 2022.

The United States accounted for 40.2% share of the global market in 2022.

China accounted for 5.5% share of the global market in 2022.

Solid microneedle patches accounted for 56.8% share of global sales in 2022.

The United States, Germany, United Kingdom, China, and France together held 62.6% market share in 2022.

The market for microneedle patches is set to reach US$ 1.7 billion by the end of 2033.

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