Global Topical Drug Delivery Market – Growth, Trends, and Forecasts (2017 - 2022)
The global topical drug delivery market was valued at USD XX million in 2016. Considering the historical trend and possible future developments, the market is projected to reach USD XX million by 2022, with a CAGR of XX% over the forecast period of 2017-2022.
Topical administration means drug delivery via application on body surfaces, such as the skin or mucus membranes, including nasal sprays and ophthalmic drops.
The market is majorly driven by increased patient compliance, owing to the potential for self and painless administration. High incidence of skin diseases like eczema, psoriasis, etc. and minor ailments like acne contribute to the market expansion.
High initial capital requirements, presence of strict regulatory framework, and frequent product recalls like Philips’ voluntary recall of topical antibiotic products in June, 2017.
The global topical drug delivery market has been segmented, based on the routes of administration (dermal, ophthalmic, nasal, oral topical, vaginal, and others), by products (Formulation- Solid, Semi-solid and liquid devices) and by region (North America, Europe, Asia-Pacific, Middle East and Africa, South America)
The report provides a detailed overview of each type of topical drug delivery method, along with an in-depth analysis, in addition to the company profiles of major players in the space and a clear picture of a competitive landscape that currently exists in the market.
Some of the key players in the global topical drug delivery market include –
GlaxoSmithKline, Galderma, Bayer, Valeant pharmaceuticals, Novartis, Medpharm, Hisamitsu pharmaceuticals, Johnson & Johnson, and Crescita therapeutics are some of the key players in the global topical drug delivery market.
Market analysis for the global topical drug delivery market, with region-specific assessments and competition analysis.
Market definition, along with the identification of key drivers, restraints, opportunities, and challenges.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section, company profiles of key players, with the analysis of the current strategic interests and key financial information.
Identification and analysis of the macro and micro factors that affect the global topical drug delivery market.
Insights of the market in the regions that have the highest potential for growth and identification of untapped markets.
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