Topical drug delivery refers to the medication that is done on a particular area or part of the body. Generally, topical administration is the application to body surfaces like the skin or mucous membranes by using formulations such as, gels, foams, lotions, creams, and ointments. Topical mode of delivery offers benefits such as, site specificity, eliminating fluctuations in the levels of drugs, better compliance, and an improved suitability for self-medication.
MARKET DYNAMICS
The topical drug delivery market is anticipated to grow in the forecast, owing to high prevalence of skin diseases and high incidence of burn injuries. In addition, the increasing emphasis on self-administration and home care is expected to offer significant growth opportunities in the market during the forecast period.
MARKET SCOPE
The "Global Topical Drug Delivery Market Analysis to 2028" is a specialized and in-depth study of the pharmaceuticals industry with a special focus on the global market trend analysis. The report aims to provide an overview of topical drug delivery market with detailed market segmentation by product, route of administration, end user, and geography. The global topical drug delivery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading topical drug delivery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global topical drug delivery market is segmented on the basis of product, route of administration and end user. Based on product, the market is segmented as, liquid formulations, semi-solid formulations, solid formulations and transdermal products. The topical drug delivery market is categorized based on route of administration such as, nasal drug delivery, ophthalmic drug delivery, dermal drug delivery, rectal drug delivery, and vaginal drug delivery. Similarly, on the basis of end user, the market is classified as, burn centers, hospitals and clinics, home care settings, and other end users.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global topical drug delivery market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The topical drug delivery market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting topical drug delivery market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the topical drug delivery market in these regions.
MARKET PLAYERS
The reports cover key developments in the topical drug delivery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from topical drug delivery market are anticipated to lucrative growth opportunities in the future with the rising demand for topical drug delivery market in the global market. Below mentioned is the list of few companies engaged in the topical drug delivery market.
The report also includes the profiles of key topical drug delivery market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Cipla Inc.
- Crescita Therapeutics Inc.
- Galderma Laboratories, L.P.
- GlaxoSmithKline plc.
- Glenmark Pharmaceuticals
- Hisamitsu Pharmaceutical Co.,Inc.
- Janssen Global Services, LLC
- Merck & Co., Inc.
- Mylan N.V.
- Skinvisible Pharmaceuticals, Inc.