Topical Drug Delivery Market to Reach US$ 117 Bn by 2025
Published | 31 October 2019
According to BlueWeave
Consulting, The Global Topical Drug Delivery Market anticipated to reach US$
117 billion by 2025 with a significant CAGR of 5.4%. 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. Rising alternative modes of drug
delivery such as injectable, oral, and pulmonary of the drug delivery care
sector are anticipated to hamper the growth of topical drug delivery market in
the upcoming years.
Growing
prevalence of diabetes expected to dominate the global topical drug delivery
market
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. Semi-solid
formulation segment is expected to dominate the global topical drug delivery
market due to an advantage factor such as easy drug release, patient
acceptability, and multiple applications in the upcoming years with the
commendable growth rate.
Technological
advancement in the homecare setting is the key factor propelling the growth in
the market in the forecast period
Technological advancement in
the healthcare sector, coupled with increasing healthcare expenditure
anticipated to dominate 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. 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
2019-2025.
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.
Browse Detailed Analysis
with TOC, “Global Topical Drug Delivery
Market by Type (Semisolids (Creams, Ointments, Gels, Lotions), Liquids, Solids,
Transdermal Products), Route (Dermal, Ophthalmic, Rectal, Vaginal, Nasal),
Facility of Use (Homecare, Hospital, Burn Center), By Region (North America,
Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis,
Competitive Market Share & Forecast, 2015-2025”
At
The in-depth analysis of the
report provides the growth potential, upcoming trends and statistics of
nutraceutical products market size & forecast. The report promises to
provide state-of-the-art technology of Topical Drug Delivery Market and
industry insights which help decision makers to take sound strategic decisions.
Furthermore, the report also analyzes the market drivers and challenges and
competitive analysis of the market.
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