Asia-Pacific CBD Patch Market, By Product (Layer Drug-In-Adhesive, Reservoir and Matrix), Species (Cannabis Indica, Sativa and Hybrid), Packaging (Two To Five Patches, Single Patch and More Than Five Patches), Dosage (below 30mg, 30-40 mg, 40-50mg and above 50 mg), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC) and Others), Application (Chronic Pain, Anxiety, Arthritis, Elevate Mood, Neurological Pain and Others), Source Type (Natural and Synthetic), End User (Homecare Setting, Research And Development Centres, Hospital, Clinics, Rehab Centres and Others), Distribution Channel (Dispensaries & Pharmacies, Online and Conventional Stores) - Industry Trends and Forecast To 2030.
Asia-Pacific CBD Patch Market Analysis and Size
CBD patches are transdermal patches containing cannabidiol (CBD). CBD is delivered quickly to the local area around the patch, and then it works its way through the bloodstream. The direct application of a patch on the skin allows the CBD to bypass the digestive system and increase the bio-availability of the product.
There are different types of patches available in the market according to their application. CBD patches are mostly used for the treatment of chronic pain such as neck pain, shoulder pain, lower back pain, and others. CBD patches are also used for the treatment of mental health problem such as insomnia, anxiety, and depression among others. It gives pain relief and keeps a person calm and stress-free because of which the demand for the product in the market is increasing.
Data Bridge Market Research analyses that the Asia-Pacific CBD patch market which was USD 63.23 million in 2022, would reach up to USD 239.30 million by 2030, and is expected to undergo a CAGR of 18.10% during the forecast period. “Chronic pain” dominates the application segment of the Asia-Pacific CBD patch market owing to its growing prevalence and rising popularity of natural remedies. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Asia-Pacific CBD Patch Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Layer Drug-In-Adhesive, Reservoir and Matrix), Species (Cannabis Indica, Sativa and Hybrid), Packaging (Two To Five Patches, Single Patch and More Than Five Patches), Dosage (below 30mg, 30-40 mg, 40-50mg and above 50 mg), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC) and Others), Application (Chronic Pain, Anxiety, Arthritis, Elevate Mood, Neurological Pain and Others), Source Type (Natural and Synthetic), End User (Homecare Setting, Research And Development Centres, Hospital, Clinics, Rehab Centres and Others), Distribution Channel (Dispensaries & Pharmacies, Online and Conventional Stores)
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Countries Covered
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China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific
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Market Players Covered
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Kangdi Overseas Business Co., Ltd. (China), SAVAN (U.S.), Shenzhen Ruiyan Technology Co., Ltd. (China), Always Pure Organics Ltd (U.K.), Natures Script (U.S.) and Henan Kangdi Medical Devices Co. Ltd. (China)
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Market Opportunities
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Market Definition
CBD patches are transdermal patches infused with cannabidiol (CBD), a non-psychoactive compound derived from the cannabis plant. These patches are designed to deliver a controlled and sustained release of CBD through the skin into the bloodstream over an extended period, typically 8-12 hours. Users apply the patch directly onto clean, dry skin, and the CBD is absorbed through the skin's surface. This delivery method allows for precise dosing and avoids the need for ingesting CBD orally. CBD patches are favored for their convenience, discreetness, and the potential to provide targeted relief for various conditions, including pain, anxiety, and inflammation.
Asia-Pacific CBD Patch Market Dynamics
Drivers
- Increasing Awareness and Acceptance
Growing awareness of CBD's potential health benefits in the Asia-Pacific region is driven by information dissemination through the internet, social media, and word-of-mouth. As more people become educated about CBD's non-psychoactive properties and its potential to alleviate issues like anxiety, pain, and sleep disorders, there is a rising willingness to explore CBD products, including patches, as a natural wellness option.
- Rising Health and Wellness Trends
The Asia-Pacific region has witnessed a significant shift towards health and wellness, with consumers actively seeking products and practices that promote overall well-being. CBD patches align with this trend by offering a non-invasive, holistic solution for managing stress, pain, and other health concerns. This growing focus on self-care and preventive health measures is propelling the adoption of CBD patches as part of a broader wellness regimen, contributing to market growth.
Opportunities
- Rising Research and Development Activities
With increased demand, there will likely be more investment in research and development of CBD patches. This can lead to innovations in patch technology, allowing for more efficient and effective delivery of CBD and potentially other compounds.
- Rising Agriculture and Hemp Farming
The production of CBD patches relies on a steady supply of high-quality hemp. This can lead to opportunities for farmers and agriculture businesses to cultivate hemp for the CBD industry.
Restraint/Challenge
- Lack of Clinical Research
While there is growing anecdotal evidence of CBD's potential benefits, the lack of comprehensive clinical research and standardized dosing guidelines can be a challenge. Healthcare professionals and consumers may remain cautious without more concrete scientific data.
This Asia-Pacific CBD patch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Asia-Pacific CBD patch market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In November 2019, Social CBD entered into the partnership with Nyjah Huston, SLS World Champion and 12-Time X Games Gold Medalist. With this partnership, Nyjah embraces Social CBD as part of his health and wellness regimen. This will help the company to improve its brand image and expand its customer base in the market.
- In December 2018, Snowden Healthcare signed an agreement with JV Healthcare as a new distributor. The company has full line pharmaceutical wholesale distribution center which serves almost 200 pharmacies locally in Malta. This has helped the company to expand its customer base.
Asia-Pacific CBD Patch Market Scope
The Asia-Pacific CBD patch market is segmented on the basis of product, species, packaging, dosage, derivatives, application, source type, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Layer Drug-In-Adhesive
- Reservoir
- Matrix
Species
- Cannabis Indica
- Sativa
- Hybrid
Packaging
- Two to Five Patches
- Single Patch
- More Than Five Patches
Dosage
- Below 30mg
- 30-40 mg
- 40-50mg
- Above 50 mg
Derivatives
- Cannabidiol (CBD)
- Tetrahydrocannabinol (THC)
- Others
Application
- Chronic Pain
- Anxiety
- Arthritis
- Elevate Mood
- Neurological Pain
- Others
Source Type
- Natural
- Synthetic
End User
- Homecare Setting
- Research and Development Centres
- Hospital
- Clinics
- Rehab Centres
- Others
Distribution Channel
- Dispensaries & Pharmacies
- Online
- Conventional Stores
Asia-Pacific CBD Patch Market Regional Analysis/Insights
The Asia-Pacific CBD patch market is analysed and market size insights and trends are provided by country, product, species, packaging, dosage, derivatives, application, source type, end user and distribution channel as referenced above.
The countries covered in the Asia-Pacific CBD patch market report are China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific.
China is expected to dominate the market and also expected to record the fastest growth during the forecast period 2023-2030 due to due to increasing patient pool, rising practice of natural medicine in treatment of many ailments.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The Asia-Pacific CBD patch market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Asia-Pacific CBD patch market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia-Pacific CBD patch market. The data is available for historic period 2015-2020.
Competitive Landscape and Asia-Pacific CBD Patch Market Share Analysis
The Asia-Pacific CBD patch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Asia-Pacific CBD patch market.
Some of the major players operating in the Asia-Pacific CBD patch market are:
- Kangdi Overseas Business Co., Ltd. (China)
- SAVAN (U.S.)
- Shenzhen Ruiyan Technology Co., Ltd. (China)
- Always Pure Organics Ltd (U.K.)
- Natures Script (U.S.)
- Henan Kangdi Medical Devices Co. Ltd. (China)
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