Increasing prevalence of skin disorders and infections such as acne, eczema, psoriasis, rapid advancements in topical drug formulations, high prevalence of diabetes, and rising disposable income are some key factors expected to drive global Topical Drug Delivery market revenue growth.
Increasing prevalence of skin disorders and infections such as acne, eczema, psoriasis, rapid advancements in topical drug formulations, high prevalence of diabetes, and rising disposable income are some key factors expected to drive global Topical Drug Delivery market revenue growth.
According to Emergen Research, the global topical drug delivery market size was USD 88.96 billion in 2019 and is expected to reach USD 145.68 billion in 2027 and register a steady CAGR of 12.8% during the forecast period, 2020-2027.
Market Dynamics:
Topical products used for managing skin conditions have drastically evolved from simple potions to advanced delivery systems. Lotions, gels, powders, patches, ointment, and cream among others are some common forms of topical medication. A Topical drug delivery involves drug transport via skin to a local targeted site to treat various ailments. Factors such as increasing prevalence of burn injuries, rising geriatric population, deep drug penetration, and high preference for topical drug delivery due to its non-invasive nature and effective drug administration are expected to drive global market revenue growth.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/479
Other factors such as improving healthcare infrastructure, increasing healthcare spending, and rising investments for developing novel and more effective products are expected to fuel market growth going ahead. However, high preference for alternative modes of drug administration, lack of skilled healthcare professionals, and technical barriers related to permeability and skin irritation are some key factors that can hamper global market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Semi-Solid Segment to Account for Significantly Larger Revenue Share:
The semi-solid segment is expected to account for a significantly larger revenue share during the forecast period. Factors such as increasing prevalence of skin diseases, high preference for semi-solid formulations such as ointment, gels, lotions, and dream due to easy application, non-invasive, and more effective delivery of drug molecules are some key factors expected to drive revenue growth of the segment during the forecast period.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/479
Home Healthcare Segment To Register Robust Revenue Growth:
The home healthcare segment is expected to register robust revenue growth between 2020 and 2027. This can be attributed to increasing inclination towards self-medication practices, rising disposable income, high preference for home care settings, and growing demand for topical dermatological products such as suspensions, creams, gels, and foams.
North America to Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share over the forecast period. This can be attributed to increasing prevalence of skin diseases and skin infections, high spending on dermatological products, and availability of a wide range of topical drug delivery products. In addition, presence of leading manufacturing companies, high disposable income, and increasing investments in developing more effective products are expected to drive North America market growth going ahead.
Major Companies in the Market Include:
- Johnson & Johnson
- Nestlé SA
- GlaxoSmithKline
- Novartis AG
- Merck & Co
- Bausch Health Companies
- Glenmark Pharmaceuticals
- Bayer AG
- Hisamitsu Pharmaceuticals
- Encore Dermatology, Inc.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/topical-drug-delivery-market
For the purpose of this report, Emergen Research has segmented the global topical drug delivery market based on product types, route, end-use, and regions as follows:
Product Form Outlook (Revenue, USD Billion; 2017–2027)
- Semi-Solid
- Solid Formulations
- Transdermal Products
- Liquid Formulations
Route Outlook (Revenue, USD Billion; 2017–2027)
- Dermal
- Ophthalmic
- Nasal
- Others
End-Use Outlook (Revenue, USD Billion; 2017–2027)
- Hospitals
- Home Healthcare
- Clinics
- Diagnostic Centers
- Burn Center
Custom Requirements can be requested for this Report [Customization Available] @ https://www.emergenresearch.com/request-for-customization/479
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
Related Published Articles Published by Emergen Research:
Healthcare IT Integration Market
Risk-based Monitoring (RBM) Software Market
Patient Engagement Solutions Market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Emergen Research Media Citations: https://www.emergenresearch.com/media-citations
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Press Release Available @ https://www.emergenresearch.com/press-release/global-topical-drug-delivery-marke