The topical drug delivery market is a fragmented market with several global as well as local players operating in various market segments. The key players in this market are Galderma S.A. (Switzerland), GlaxoSmithKline plc. (U.K.), Valeant Pharmaceuticals International, Inc. (Canada), Crescita Therapeutics Inc. (Canada), Medpharm (U.K.), 3M (U.S.), Bayer AG (Germany), Novartis AG (Switzerland), Janssen Global Services, LLC (U.S.), and Cipla (India).
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The topical drug delivery market is expected to reach USD 125.88 Billion by 2021 from USD 92.40 Billion in 2016 at a CAGR of 6.4% during forecast period. Major factors driving growth of this market are high incidence of burn injuries, rising geriatric population, and increasing incidence of diabetes.
However, negative impact of product recalls may restrain growth of this market in coming years.
Complete Report on Topical Drug Delivery Market spread across 144 Pages, Profiling 10 Companies and Supported with 87 Tables and 41 Figures is now available at http://www.rnrmarketresearch.com/topical-drug-delivery-market-by-product-type-formulation-solid-cream-lotion-paste-liquid-transdermal-patch-gel-route-of-administration-skin-ophthalmic-rectal-vaginal-nasal-facility-of-use-hosp-st-to-2021-market-report.html .
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Topical drug delivery market categorized into hospitals and private clinics, health care settings, and other facilities of use like research institutes and diagnostic centers. Hospitals and private clinics segment expected to be major end-user in topical drug delivery market.
This large share of this segment can mainly attributed to increasing incidence of skin diseases, subsequent increase in demand for topical products for treatment of these diseases, increase in funding, and infrastructural development in hospitals.
- Hospitals and Private Clinics
- Ambulatory Surgery Centers (ASCs)
- Academic Institutes
- Medical Research Institutes
- Market Research and Consulting Firms
- Venture Capitalists
- Suppliers and Distributors of Topical Products
Topical drug delivery market segmented based on product type, route of administration, facility of use, and regions. On basis of route of administration, market is segmented into skin, ophthalmic, rectal, vaginal, and nasal routes.
Considering high incidence of skin diseases, high demand for self-administration, & increasing number of product approvals for skin-related drug delivery systems, market for topical drugs administered through skin is expected to register highest CAGR during forecast period.
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North America expected to dominate global market in 2016, with U.S. accounting for a major share of this regional market.
High incidence of skin diseases (like psoriasis, eczema, and skin cancer), increasing inclination of patients towards pain-free drug delivery, launch of new topical products, & increasing focus of prominent players on strengthening their presence in North American market (through acquisitions and expansions) are expected to drive growth of this regional market.
1 High Prevalence of Skin Diseases
2 Growing Preference for Topical Drug Delivery
3 High Incidence of Burn Injuries
4 Rising Incidence of Diabetes
5 Rising Geriatric Population
Connect for More Details for More Information “Topical Drug Delivery Market by Product Type (Formulation (Solid, Cream, Lotion, Paste, Liquid), Transdermal (Patch, Gel)), Route of Administration (Skin, Ophthalmic, Rectal, Vaginal, Nasal), & Facility of Use (Hospital, Clinic, Home care, Research) - Global Forecast to 2021” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=945871 .
Topical drug delivery market categorized on basis of product type, route of administration, facilities of use, and region. Apart from comprehensive geographical analysis, product analysis, and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players in the last three years.
In addition, company profiles comprise basic views on key players and their product portfolios, developments, & strategies adopted.
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