Microneedle Patches Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global microneedle patches market is on the cusp of substantial growth, with an estimated valuation of US$ 850 million in 2024, and it is projected to reach an impressive US$ 1600 million by the end of 2031. The market is being driven by various factors, including the increasing prevalence of needle phobia and the demand for minimally invasive drug delivery methods.

Key Drivers of the Microneedle Patches Market

Needle Phobia: The rising number of individuals with needle phobia is a significant driver of the microneedle patches market. This condition has led to the development of less invasive and convenient drug administration methods. In the United States alone, needle phobia affects 11.5 to 66 million adult Americans each year, according to the National Institutes of Health. Needle phobia can result in patients forgoing necessary medical care, including vaccinations, which could impact the development of herd immunity during pandemics.

Needlestick Injuries: The increasing incidence of needlestick injuries is another factor fueling the demand for minimally invasive drug and vaccine delivery methods. These injuries can lead to the spread of blood-borne viruses such as HIV and hepatitis B and C. The microneedle patches drug delivery system offers a painless and non-invasive alternative to conventional needle-based methods.

Demand for Advanced Drug Delivery Systems: The market is also benefiting from the growing demand for advanced drug delivery systems that support self-administration and offer more automation features. Patients with chronic conditions such as diabetes prefer painless, easy-to-use, and cost-effective drug delivery technologies like microneedle drug delivery pens or patches.

Favorable Government Regulations: Supportive government regulations, such as those by the Food and Drug Administration (FDA) in the United States, are encouraging the development and commercialization of microneedle patches. These regulations promote innovation and streamline the regulatory pathways for these innovative drug delivery technologies.

Barriers to Market Growth

Manufacturing Complexity: The production of microneedle patches requires complex equipment that must be properly certified and sterilized before each production batch. This complexity leads to high operating costs associated with equipment purchase, rental, or leasing. Additionally, microneedle patches must meet specific requirements to ensure effective skin penetration.

Regulatory Costs: Regulatory costs are a significant burden on the microneedle patches market. Meeting the FDA's high standards for manufacturing, packaging, storage, and distribution adds to the regulatory cost burden, making it challenging for some manufacturers to enter the market.

Country-wise Market Insights

United States: The United States is expected to witness significant growth in the microneedle patches market due to increasing demand for painless drug delivery and supportive government regulations. Microneedle patches offer a minimally invasive alternative to traditional needle-based drug delivery methods, making them appealing to patients who fear needles or dislike injection pain.

China: China's growing prevalence of chronic diseases and its expanding pharmaceutical industry are driving the demand for microneedle patches. These patches offer effective drug delivery solutions for managing chronic conditions, and the Chinese government's support for healthcare technology advancements further accelerates market growth.

Germany: Germany has seen notable advancements in microneedle technology, contributing to market growth. The emphasis on personalized medicine and the presence of leading microneedle patch manufacturers in the country further drive adoption.

Competition Landscape

The competitive landscape of the microneedle patches market involves multinational and regional companies vying for market share. Collaborations, acquisitions, and expansions with key market players are common strategies to gain a foothold in the industry.

Key Companies Leading the Microneedle Patches Market:

The 3M Company
Becton, Dickinson and Company (BD)
Harro Hofliger 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

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

1. Executive Summary

1.1. Global Microneedle Patches Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Microneedle Patches Market Outlook, 2018 - 2031

3.1. Global Microneedle Patches Market Outlook, by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Solid Microneedle Patches
    - 3.1.1.1.1. Silicon
    - 3.1.1.1.2. Metal
    - 3.1.1.1.3. Polymer
  - 3.1.1.2. Hollow Microneedles Patches
  - 3.1.1.3. Dissolving Microneedles Patches
  - 3.1.1.4. Coated Microneedles Patches
3.2. Global Microneedle Patches Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Hospitals
  - 3.2.1.2. Ambulatory Surgical Centers
  - 3.2.1.3. Specialty Clinics
  - 3.2.1.4. Academic Institutions
  - 3.2.1.5. Research Institutes
3.3. Global Microneedle Patches Market Outlook, by Region, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Microneedle Patches Market Outlook, 2018 - 2031

4.1. North America Microneedle Patches Market Outlook, by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Solid Microneedle Patches
    - 4.1.1.1.1. Silicon
    - 4.1.1.1.2. Metal
    - 4.1.1.1.3. Polymer
  - 4.1.1.2. Hollow Microneedles Patches
  - 4.1.1.3. Dissolving Microneedles Patches
  - 4.1.1.4. Coated Microneedles Patches
4.2. North America Microneedle Patches Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Hospitals
  - 4.2.1.2. Ambulatory Surgical Centers
  - 4.2.1.3. Specialty Clinics
  - 4.2.1.4. Academic Institutions
  - 4.2.1.5. Research Institutes
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Microneedle Patches Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 4.3.1.2. U.S. Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 4.3.1.3. Canada Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 4.3.1.4. Canada Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Microneedle Patches Market Outlook, 2018 - 2031

5.1. Europe Microneedle Patches Market Outlook, by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Solid Microneedle Patches
    - 5.1.1.1.1. Silicon
    - 5.1.1.1.2. Metal
    - 5.1.1.1.3. Polymer
  - 5.1.1.2. Hollow Microneedles Patches
  - 5.1.1.3. Dissolving Microneedles Patches
  - 5.1.1.4. Coated Microneedles Patches
5.2. Europe Microneedle Patches Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospitals
  - 5.2.1.2. Ambulatory Surgical Centers
  - 5.2.1.3. Specialty Clinics
  - 5.2.1.4. Academic Institutions
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Microneedle Patches Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.2. Germany Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.3. U.K. Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.4. U.K. Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.5. France Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.6. France Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.7. Italy Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.8. Italy Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.9. Turkey Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.10. Turkey Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.11. Russia Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.12. Russia Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.13. Rest of Europe Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 5.3.1.14. Rest of Europe Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Microneedle Patches Market Outlook, 2018 - 2031

6.1. Asia Pacific Microneedle Patches Market Outlook, by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Solid Microneedle Patches
    - 6.1.1.1.1. Silicon
    - 6.1.1.1.2. Metal
    - 6.1.1.1.3. Polymer
  - 6.1.1.2. Hollow Microneedles Patches
  - 6.1.1.3. Dissolving Microneedles Patches
  - 6.1.1.4. Coated Microneedles Patches
6.2. Asia Pacific Microneedle Patches Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospitals
  - 6.2.1.2. Ambulatory Surgical Centers
  - 6.2.1.3. Specialty Clinics
  - 6.2.1.4. Academic Institutions
6.3. Asia Pacific Microneedle Patches Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.2. China Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.3. Japan Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.4. Japan Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.5. South Korea Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.6. South Korea Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.7. India Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.8. India Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.9. Southeast Asia Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.10. Southeast Asia Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Microneedle Patches Market Outlook, 2018 - 2031

7.1. Latin America Microneedle Patches Market Outlook, by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Solid Microneedle Patches
    - 7.1.1.1.1. Silicon
    - 7.1.1.1.2. Metal
    - 7.1.1.1.3. Polymer
  - 7.1.1.2. Hollow Microneedles Patches
  - 7.1.1.3. Dissolving Microneedles Patches
  - 7.1.1.4. Coated Microneedles Patches
7.2. Latin America Microneedle Patches Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
7.3. Latin America Microneedle Patches Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.2. Brazil Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.3. Mexico Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.4. Mexico Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.5. Argentina Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.6. Argentina Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Microneedle Patches Market Outlook, 2018 - 2031

8.1. Middle East & Africa Microneedle Patches Market Outlook, by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Solid Microneedle Patches
    - 8.1.1.1.1. Silicon
    - 8.1.1.1.2. Metal
    - 8.1.1.1.3. Polymer
  - 8.1.1.2. Hollow Microneedles Patches
  - 8.1.1.3. Dissolving Microneedles Patches
  - 8.1.1.4. Coated Microneedles Patches
8.2. Middle East & Africa Microneedle Patches Market Outlook, by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospitals
  - 8.2.1.2. Ambulatory Surgical Centers
  - 8.2.1.3. Specialty Clinics
  - 8.2.1.4. Academic Institutions
8.3. Middle East & Africa Microneedle Patches Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.2. GCC Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.3. South Africa Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.4. South Africa Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.5. Egypt Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.6. Egypt Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.7. Nigeria Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.8. Nigeria Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Microneedle Patches Market by Product, Value (US$ Mn) and Volume (Units), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Microneedle Patches Market by End User, Value (US$ Mn) and Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By Product vs by End User Heat map
9.2. Manufacturer vs by End User Heat map
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. The 3M Company
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Becton, Dickinson and Company (BD)
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. Harro Hofliger Verpackungsmaschinen GmbH
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Raphas Co. Ltd.
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Nanopass Technologies Ltd.
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Corium, Inc.
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Valeritas Inc. (Zealand Pharma)
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. Nitto Denko Corporation
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Financial Overview
  - 9.5.8.4. Business Strategies and Development
- 9.5.9. Microdermics Inc.
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. VAXXAS
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Endoderma Ltd.
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development
- 9.5.12. QuadMedicine
  - 9.5.12.1. Company Overview
  - 9.5.12.2. Product Portfolio
  - 9.5.12.3. Financial Overview
  - 9.5.12.4. Business Strategies and Development
- 9.5.13. Snvia Co., Ltd.
  - 9.5.13.1. Company Overview
  - 9.5.13.2. Product Portfolio
  - 9.5.13.3. Financial Overview
  - 9.5.13.4. Business Strategies and Development
- 9.5.14. Small Lab Co. Ltd. (kbiztrade)
  - 9.5.14.1. Company Overview
  - 9.5.14.2. Product Portfolio
  - 9.5.14.3. Financial Overview
  - 9.5.14.4. Business Strategies and Development
- 9.5.15. AdminMed nanoBioSciences LLC
  - 9.5.15.1. Company Overview
  - 9.5.15.2. Product Portfolio
  - 9.5.15.3. Financial Overview
  - 9.5.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations