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
- Published Date: October 2019
- Report ID: BWC19313
- Available Format: PDF
- Page: 125
Global 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 dosage.
Global Topical Drug Delivery Market Forecast and Trends
Global 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.
The 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.
Growing 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.
Preference 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.
Global 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.
Global 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.
Global 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 2019-2025.
Global 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.
The 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.
Scope of the Report
· Semi-Solid Formulations
· Transdermal Patches
· Transdermal Semi-Solid
By Route of Administration
· Dermal Drug Delivery
· Ophthalmic Drug Delivery
· Rectal Drug Delivery
· Vaginal Drug Delivery
· Nasal Drug Delivery
· Home Care Setting
· Hospitals & Clinics
· Burn Centers
· North America
· Asia Pacific
· Latin America
· 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.
Customization 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:
Additional Company Information
· With five additional company detail analysis
· Additional country analysis
· Detailed segment analysis
- Global Caustic Soda Market Analysis and Forecast by 2025
- Global Drugs for Vulvovaginal Candidiasis (VVC) Market size- Industry Trends & Forecast Report 2026
- Global Industrial PC Market Size, Share, Demand, Analysis and Forecast to 2019-2025
- Global Biopharmaceutical Logistics Market – 2019 | Industry Size, Share and Trends and Forecast to 2025
- Global Extruded Snacks Market Size, Share, Development, Growth
WHY CHOOSE US
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
We never share your personal and confidential information. Your personal information is safe and secure with us.