Factors such as increased incidence of burn injuries across the globe and advancements in the transdermal drug delivery systems are primarily driving the market demand
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The global topical drug delivery market is segmented into product, route of administration, end user, distribution channel, regional distribution, and Competitive Landscape. Based on product, the market is fragmented into semi-solid formulations, liquid formulations, solid formulations, and transdermal products. Semi-solid formulations dominate the market and are anticipated to maintain their dominance over the forecast period, 2023-2027. Lotions, creams, gels, pastes, ointments, and other semi-solid formulations are some examples of semi-solid formulations that are used topically. These formulations are absorbed through the skin, and the therapeutic ingredients do the same, penetrating the skin to enter the body's bloodstream through tiny capillaries. They fix any damage or abnormality in the epidermal tissues that cover the surface of the body. The rise in the number of surgeries and organ transplantation procedures is driving the segment demand.
The major market players operating in the global topical drug delivery market are Johnson & Johnson SA, Nestlé SA, GlaxoSmithKline Plc, Novartis AG, Merck & Co. Inc., Crescita Therapeutics Inc., Cipla Ltd., Taro Pharmaceutical Industries Ltd., Valeant Pharmaceuticals International Inc., Glenmark Pharmaceuticals Ltd., Bayer AG, Encore Dermatology, Inc., MedPharm Group Ltd., Skinvisible Pharmaceuticals, Inc., and Galderma S.A.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of global topical drug delivery market from 2017 to 2021.
- To estimate and forecast the market size of global topical drug delivery market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast global topical drug delivery market based on product, route of administration, end user, distribution channel, regional distribution, and competitional landscape.
- To identify dominant region or segment in the global topical drug delivery market.
- To identify drivers and challenges for global topical drug delivery market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global topical drug delivery market.
- To identify and analyze the profile of leading players operating in global topical drug delivery market.
- To identify key sustainable strategies adopted by market players in global topical drug delivery market.
The publisher calculated the market size of global topical drug delivery market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.
Key Target Audience:
- End users, service providers and other stakeholders
- Distributers and suppliers of topical drugs and other stakeholders
- Organizations, forums, and alliances related to topical drug delivery market
- Market research and consulting firms
Report Scope:
In this report, global Topical Drug Delivery market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Global Topical Drug Delivery Market, By Product:
- Semi-Solid Formulations
- Liquid Formulations
- Solid Formulations
- Transdermal Products
Global Topical Drug Delivery Market, By Route of Administration:
- Dermal Drug Delivery
- Ophthalmic Drug Delivery
- Rectal Drug Delivery
- Vaginal Drug Delivery
- Nasal Drug Delivery
Global Topical Drug Delivery Market, By Distribution Channel:
- Online
- Offline
Global Topical Drug Delivery Market, By End User:
- Hospitals
- Clinics
- Home Healthcare
- Diagnostic Centers
- Others
Global Topical Drug Delivery Market, By Region:
North America
- United States
- Canada
- Mexico
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
- Company Profiles: Detailed analysis of the major companies present in global topical drug delivery market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs. The following customization options are available for the report:Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Johnson & Johnson SA
- Nestlé SA
- GlaxoSmithKline Plc
- Novartis AG
- Merck & Co Inc
- Crescita Therapeutics Inc
- Cipla Ltd
- Taro Pharmaceutical Industries Ltd
- Valeant Pharmaceuticals International Inc
- Glenmark Pharmaceuticals Ltd
- Bayer AG
- Encore Dermatology, Inc
- MedPharm Group Ltd
- Skinvisible Pharmaceuticals, Inc
- Galderma SA