Topical Drug Delivery Market: Overview
Topical drug delivery,
commonly known as a topical medication, is a designed delivery system in which
the drug delivery takes place on mucous membranes or skin for the treatment of
specific disorders such as acne, cutaneous disorders, psoriasis, eczema, etc.
Topical drug delivery system is considered a feasible mode for drug administration
accessibility. Stratum corneum presence over the skin function as a selectively
permeable membrane for drug selection. Topical delivery system includes a
variety of pharmaceutical dosage forms such as sprays, liquid preparation,
ointments, semisolids, and solid powders. Gel, ointment, and cream are the most
consumed form during topical drug delivery. Topical delivery system helps to
reduce the risk of inconvenience during administration and various required
conditions such as pH change, enzyme presence, etc. coupled with major
advantages such as efficacy achievement with continuous input with lower daily
Topical Drug Delivery Market Forecast and Trends
Topical Drug Delivery Market anticipated to reach US$ 117 billion by 2025 with
a significant CAGR of 5.4%. Factors such as rising prevalence rate of eye and skin diseases, rising
incidence of burn injuries coupled with a high patient base of diabetic
patients are contributing to increasing demand for topical drug delivery in the
global market during the forecast period of 2019-2025. Technological
advancement in the healthcare sector, coupled with growing healthcare
expenditure, anticipated dominating the global market in the upcoming years.
Properties such as deep penetration of drugs within the body, preference shift
of patient due to non-invasive nature and increasing rate of geriatric
population, R&D, biologics delivery via a transdermal route with small
player’s acquisition expected to drive the global topical drug delivery market
in the upcoming years with a significant growth rate.
rising prevalence rate of skin and eye diseases
The increasing rate of
skin and eye disease prevalence is becoming one of the factors to drive growth
in the global topical drug delivery market. The rising trend of skin-related
diseases such as psoriasis, cancer, etc. due to changing lifestyle patterns is
contributing to an increase in the demand for topical drug delivery in the
market with a significant growth rate.
Prevalence of Diabetes
The increasing rate of
disposable income, preference shifts in eating habits are the key factor
contributing to diabetes prevalence. The rising rate of diabetes prevalence is
the key factor anticipated to drive the growth and demand of topical drug
delivery system in the market with eye care segmentation.
for Alternative Modes of Drug Delivery
Rising alternative modes
of drug delivery such as injectable, oral, and pulmonary of the drug delivery
care sectors are anticipated to hamper the growth of topical drug delivery
market in the upcoming years. Product recall in the market, advancement in
technology are one of the factors for driving alternative drug delivery mode in
the existing market and becoming restraint in the growth of topical drug
delivery market during the forecast period of 2019-2025.
Topical Drug Delivery Market: Product
Based on the product, the
global topical drug delivery market segmented into semisolid formulations,
solid formulations, liquid formulations, and transdermal products. The
semisolid formulation market further segmented into creams, gels, ointments,
pastes, and lotions. The solid formulation segment further bifurcated into
suppositories and powders while the liquid formulation also categorized as
solutions and suspensions, and the transdermal product segmented as transdermal
patches and transdermal semisolids. Amidst the product segmentation semisolid
formulation segment is anticipated to dominate the global topical drug delivery
market due to advantage factors such as easy drug release, patient
acceptability, and multiple applications in the upcoming years with the
commendable growth rate.
Topical Drug Delivery Market: Route of Administration
Based on the route of
administration, the global topical drug delivery market is segmented into
dermal, ophthalmic, renal, rectal, vaginal, and nasal drug delivery. Amidst the
route of administration segmentation, the dermal segment is excepted to drive
the growth of the global topical drug delivery market due to factors such as
rising prevalence rate of diabetes, skin disease, and psoriasis. Followed by
the dermal route of administration other segments simultaneously contributing
to the global market based on patient condition, all the segments expected to
witness commendable growth during the forecast period of 2019-2025 with a
significant growth rate.
Topical Drug Delivery Market: Facility
On the basis of the
facility, the global topical drug delivery market segmented into home care
settings, hospitals & clinics, burn centers, and other facilities (academic
& research institutes and diagnostic centers). The market is anticipated to
dominate by homecare setting as a homecare setting to eliminate the hospital
visit to save patient time and money. The rising affordability and convenience
are the key factor expected to propel the growth during the forecast period of
Topical Drug Delivery Market: Regional Insights
Amidst geography, North
America is expected to hold the largest share in the topical drug delivery the
market, due to existing strong players in the region, feasible market
availability coupled with a strong patient base of skin diseases with rising
prevalence. Rising government initiatives, increasing funding in the topical
formulation segment coupled with the launch of the new formulation are the key
factor anticipated to drive the growth of the global topical drug delivery
market. Followed by North America, Asia-Pacific is expected to witness
significant growth in upcoming years, due to increasing geriatric population
and the rising disposable.
Topical Drug Delivery Market: competitive landscape
Some of the major industry players are Glaxosmithkline, Janssen Global Services (A Subsidiary of Johnson & Johnson), Bausch Health Companies, Merck & Co., Bayer AG, Hisamitsu Pharmaceutical, Nestlé Sa, Novartis AG, Glenmark Pharmaceuticals, Cipla and Other Prominent Player.
Objective of the Study:
To analyze and forecast the
global topical drug delivery market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the global topical drug delivery market into five regions,
namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin
America and their leading countries.
To outline, categorized and
forecast the global topical drug delivery market based on the product type,
application and end user.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global topical drug delivery market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
of the Report
By Route of Administration
Dermal Drug Delivery
Ophthalmic Drug Delivery
Rectal Drug Delivery
Vaginal Drug Delivery
Nasal Drug Delivery
Home Care Setting
Hospitals & Clinics
Middle East & Africa
Questions Answer by the Report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of
value and volume and market statistics with a detailed classification?
Which segment dominates the market or
region and one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players.
Analysis of strategy adopted by the key
player and their impact on other players.
Scope for the Client
Client satisfaction is our
first and last priority and that’s why BlueWeave Consulting offers customization
according to company’s specific needs. The following customization options are
available for the report:
With five additional company detail
Additional country analysis
Detailed segment analysis