Topical Drug Delivery Market to grow with double digit CAGR During the Forecast Period
Rising advancement in topical
medicines are driving the growth in Global Topical Drug Delivery Market in the
forecast period, 2022-2026.
According
to TechSci Research report, “Global Topical Drug Delivery
Market By Product (Semi-Solid
Formulations, Liquid Formulations, Solid Formulations, Transdermal Products) By
Route of Administration (Dermal Drug Delivery, Ophthalmic Drug Delivery, Rectal
Drug Delivery, Vaginal Drug Delivery, Nasal Drug Delivery) By End-User
(Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Others) By
Distribution Channel (Online vs. Offline) By Region, Competition Forecast &
Opportunities, 2026”,
the global topical drug delivery market is anticipated to show a robust growth
with an impressive CAGR in the forecast period, 2022-2026. The market growth
can be attributed to the increasing prevalence of burn injuries and skin
diseases. Also, growing prevalence of eye infection is driving the market
growth in the upcoming five years. Skin and soft tissue infections are highly
prevailing diseases that require the topical drug delivery thus, it drives the
global topical drug delivery market growth in the next five years.
Global
burden of disease project, mentioned in one of its report that skin diseases
like psoriasis, eczema, skin cancer, and vitiligo are major cause of non-fatal
disease worldwide and infects a huge number of global populations. Top players
like Nestlé Skin Health, Mylan, etc. have adopted various strategies to enhance
their position in the competitional landscape. For example, Nestlé Skin Health
opened a new office in Malaysia to strengthen their position in the Asia
Pacific region. Mylan launched its diclofenac sodium gel, that treats
osteoarthritis pain, swelling and stiffening in the joints with excellent
performance. Crescita Therapeutics and Cantabria labs came to a partnership
that out-licensed an agreement for the sales and distribution of topical
Pliaglis formulation in Italy, Portugal, France, and Spain.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Topical Drug
Delivery Market"
https://www.techsciresearch.com/report/topical-drug-delivery-market/7362.html
The global topical drug delivery market is
segmented by product, route of administration, end-user, distribution channel,
regional distribution, and competitional
landscape. Based on route of administration, the market is further
sub-segmented into dermal drug delivery, ophthalmic drug delivery, rectal drug
delivery, vaginal drug delivery, and nasal drug delivery. Dermal drug delivery is
anticipated to dominate the market in the forecast years, on the account of convenience
and greater patient compliance.
Topical
administration of the drugs is favored route for local administrations of
therapeutic agents due to its convenience and affordability. The therapeutic
system requires an optimal concentration of certain drugs at the target site
for appropriate duration. This route of administration of the drugs fulfills
the requirement of controlled and prolonged drug delivery and is quite competitive
for oral administration mode of drug delivery. Furthermore, the rising
prevalence of skin disorders will support the global topical drug delivery
market growth in the forecast period, 2022-2026.
Some
of the major competitors in the global 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., Galderma S.A., among others. Other strategies include extensive research
and development under the guidance of FDA as well as the partnerships among the
top players to bring the best quality assured products in the market.
Download Sample
Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7362
Customers can also request for 10% free
customization on this report.
“Asia Pacific is the anticipated largest
market share in the forecast period, on account of increasing prevalence of
skin diseases. The region also has a high scale usage of contraceptives which
is a major factor for the market growth in the region. Pharmaceutical companies
including the top players are actively involved in the research and development
of the more effective drugs and smart transdermal drug delivery systems. Home
care segment is prevailing on account of increasing incidences of prolonged
patient care. In-patient care for a prolonged period is difficult and halts
normal lifestyle of the patients, thus home care for such patients is a better
alternative and thus it is a promising sector for the future investments. New
drugs and their delivery system advancements is the potential strategic
recommendation for a new player entering the market,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based Global management
consulting firm.
“Global Topical Drug
Delivery Market By Product (Semi-Solid Formulations, Liquid Formulations, Solid
Formulations, Transdermal Products) By Route of Administration (Dermal Drug
Delivery, Ophthalmic Drug Delivery, Rectal Drug Delivery, Vaginal Drug
Delivery, Nasal Drug Delivery) By End-User (Hospitals, Clinics, Home
Healthcare, Diagnostic Centers, Others) By Distribution Channel (Online vs.
Offline) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global topical drug delivery and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global topical drug delivery.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Website
: https://www.techsciresearch.com/