Report Overview

Global Topical Drug Delivery Market: Overview

Topical drug delivery, commonly known as a topical medication, is a designed delivery system in which the drug delivery takes place on mucous membranes or skin for the treatment of specific disorders such as acne, cutaneous disorders, psoriasis, eczema, etc. Topical drug delivery system is considered a feasible mode for drug administration accessibility. Stratum corneum presence over the skin function as a selectively permeable membrane for drug selection. Topical delivery system includes a variety of pharmaceutical dosage forms such as sprays, liquid preparation, ointments, semisolids, and solid powders. Gel, ointment, and cream are the most consumed form during topical drug delivery. Topical delivery system helps to reduce the risk of inconvenience during administration and various required conditions such as pH change, enzyme presence, etc. coupled with major advantages such as efficacy achievement with continuous input with lower daily dosage.

Global Topical Drug Delivery Market Forecast and Trends

Global Topical Drug Delivery Market anticipated to reach US$ 117 billion by 2025 with a significant CAGR of 5.4%. Factors such as rising prevalence rate of eye and skin diseases, rising incidence of burn injuries coupled with a high patient base of diabetic patients are contributing to increasing demand for topical drug delivery in the global market during the forecast period of 2019-2025. Technological advancement in the healthcare sector, coupled with growing healthcare expenditure, anticipated dominating the global market in the upcoming years. Properties such as deep penetration of drugs within the body, preference shift of patient due to non-invasive nature and increasing rate of geriatric population, R&D, biologics delivery via a transdermal route with small player’s acquisition expected to drive the global topical drug delivery market in the upcoming years with a significant growth rate.

Growth Drivers

The rising prevalence rate of skin and eye diseases

The increasing rate of skin and eye disease prevalence is becoming one of the factors to drive growth in the global topical drug delivery market. The rising trend of skin-related diseases such as psoriasis, cancer, etc. due to changing lifestyle patterns is contributing to an increase in the demand for topical drug delivery in the market with a significant growth rate.

Growing Prevalence of Diabetes

The increasing rate of disposable income, preference shifts in eating habits are the key factor contributing to diabetes prevalence. The rising rate of diabetes prevalence is the key factor anticipated to drive the growth and demand of topical drug delivery system in the market with eye care segmentation.

Preference for Alternative Modes of Drug Delivery

Rising alternative modes of drug delivery such as injectable, oral, and pulmonary of the drug delivery care sectors are anticipated to hamper the growth of topical drug delivery market in the upcoming years. Product recall in the market, advancement in technology are one of the factors for driving alternative drug delivery mode in the existing market and becoming restraint in the growth of topical drug delivery market during the forecast period of 2019-2025.

Global Topical Drug Delivery Market: Product

Based on the product, the global topical drug delivery market segmented into semisolid formulations, solid formulations, liquid formulations, and transdermal products. The semisolid formulation market further segmented into creams, gels, ointments, pastes, and lotions. The solid formulation segment further bifurcated into suppositories and powders while the liquid formulation also categorized as solutions and suspensions, and the transdermal product segmented as transdermal patches and transdermal semisolids. Amidst the product segmentation semisolid formulation segment is anticipated to dominate the global topical drug delivery market due to advantage factors such as easy drug release, patient acceptability, and multiple applications in the upcoming years with the commendable growth rate.

Global Topical Drug Delivery Market: Route of Administration

Based on the route of administration, the global topical drug delivery market is segmented into dermal, ophthalmic, renal, rectal, vaginal, and nasal drug delivery. Amidst the route of administration segmentation, the dermal segment is excepted to drive the growth of the global topical drug delivery market due to factors such as rising prevalence rate of diabetes, skin disease, and psoriasis. Followed by the dermal route of administration other segments simultaneously contributing to the global market based on patient condition, all the segments expected to witness commendable growth during the forecast period of 2019-2025 with a significant growth rate.

Global Topical Drug Delivery Market: Facility

On the basis of the facility, the global topical drug delivery market segmented into home care settings, hospitals & clinics, burn centers, and other facilities (academic & research institutes and diagnostic centers). The market is anticipated to dominate by homecare setting as a homecare setting to eliminate the hospital visit to save patient time and money. The rising affordability and convenience are the key factor expected to propel the growth during the forecast period of 2019-2025.

Global Topical Drug Delivery Market: Regional Insights

Amidst geography, North America is expected to hold the largest share in the topical drug delivery the market, due to existing strong players in the region, feasible market availability coupled with a strong patient base of skin diseases with rising prevalence. Rising government initiatives, increasing funding in the topical formulation segment coupled with the launch of the new formulation are the key factor anticipated to drive the growth of the global topical drug delivery market. Followed by North America, Asia-Pacific is expected to witness significant growth in upcoming years, due to increasing geriatric population and the rising disposable.

Topical Drug Delivery Market: competitive landscape

Some of the major industry players are Glaxosmithkline, Janssen Global Services (A Subsidiary of Johnson & Johnson), Bausch Health Companies, Merck & Co., Bayer AG, Hisamitsu Pharmaceutical, Nestlé Sa, Novartis AG, Glenmark Pharmaceuticals, Cipla and Other Prominent Player.

The Objective of the Study:

To analyze and forecast the global topical drug delivery market size of the market, in terms of value.

To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the global topical drug delivery market into five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their leading countries.

To outline, categorized and forecast the global topical drug delivery market based on the product type, application and end user.

To examine competitive developments like technological advancement, services, and regulative framework within the global topical drug delivery market.

To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report

By Product

·         Semi-Solid Formulations

·         Creams

·         Ointments

·         Lotions

·         Gels

·         Pastes

Liquid Formulation

·         Suspensions

·         Solutions

Solid Formulation

·         Powders

·         Suppositories

Transdermal Products

·         Transdermal Patches

·         Transdermal Semi-Solid

By Route of Administration

·         Dermal Drug Delivery

·         Ophthalmic Drug Delivery

·         Rectal Drug Delivery

·         Vaginal Drug Delivery

·         Nasal Drug Delivery

By Facility

·         Home Care Setting

·         Hospitals & Clinics

·         Burn Centers

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Business Questions Answer by the Report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with a detailed classification?

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players.

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that’s why BlueWeave Consulting offers customization according to company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis

·         Additional country analysis

·         Detailed segment analysis

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Industry Participants

2.5. Market Size Estimation

2.6. Assumption for the Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Topical Drug Delivery Market - Industry Insights

4.1. Value Chain Analysis

4.2. DROC Analysis

4.2.1.   Growth Drivers

4.2.2.   Restraints

4.2.3.   Opportunities

4.2.4.   Challenges

4.3. Technological Landscape

4.4. Regulatory Framework

4.5. Company Market Share Analysis,2018

4.6. Competitor Analysis, 2018

4.7. Porter’s Five Forces Analysis

4.8. Pest Analysis

4.9. Strategic Outlook

5.    Global Topical Drug Delivery Market Overview

5.1. Market Size & Forecast

5.1.1.   By Value (USD Million)

5.2. Market Share & Forecast, 2015 - 2025

5.2.1.   By Product

5.2.1.1.1.           Semi-Solid Formulations

5.2.1.1.1.1.              Creams

5.2.1.1.1.2.              Ointments

5.2.1.1.1.3.              Lotions

5.2.1.1.1.4.              Gels

5.2.1.1.1.5.              Pastes

5.2.1.2.       Liquid Formulation

5.2.1.2.1.1.              Suspensions

5.2.1.2.1.2.              Solutions

5.2.1.3.       Solid Formulation

5.2.1.3.1.1.              Powders

5.2.1.3.1.2.              Suppositories

5.2.1.4.       Transdermal Products

5.2.1.4.1.1.              Transdermal Patches

5.2.1.4.1.2.              Transdermal Semi-Solid

5.2.2.   By Type

5.2.2.1.       Soft & Elastic Braces and Supports

5.2.2.2.       Hard & Rigid Braces and Supports

5.2.2.3.       Hinged Braces and Supports

5.2.3.   By Route of Administration

5.2.3.1.       Dermal Drug Delivery

5.2.3.2.       Ophthalmic Drug Delivery

5.2.3.3.       Rectal Drug Delivery

5.2.3.4.       Vaginal Drug Delivery

5.2.3.5.       Nasal Drug Delivery

5.2.4.   By Facility

5.2.5.   Home Care Setting

5.2.6.   Hospitals & Clinics

5.2.7.   Burn Centers

5.3. By Region

5.3.1.1.       North America

5.3.1.2.       Europe

5.3.1.3.       Asia-Pacific

5.3.1.4.       Latin America

5.3.1.5.       Middle East and Africa

6.    North America Topical Drug Delivery Market

6.1. Market Estimates & Forecast, 2015 - 2025

6.1.1.   By Product

6.1.2.   By Type

6.1.3.   By Route of Administration

6.1.4.   By Facility

6.1.5.   By Country

6.1.5.1.       US

6.1.5.2.       Canada

7.    Europe Topical Drug Delivery Market

7.1. Market Estimates & Forecast, 2015 - 2025

7.1.1.   By Product

7.1.2.   By Type

7.1.3.   By Route of Administration

7.1.4.   By Facility

7.1.5.   By Country

7.1.5.1.       UK

7.1.5.2.       Germany

7.1.5.3.       France

7.1.5.4.       Russia

7.1.5.5.       Spain

8.    Asia-Pacific Topical Drug Delivery Market

8.1. Market Estimates & Forecast, 2015 - 2025

8.1.1.   By Product

8.1.2.   By Type

8.1.3.   By Route of Administration

8.1.4.   By Facility

8.1.5.   By Country

8.1.5.1.       China

8.1.5.2.       India

8.1.5.3.       Japan

8.1.5.4.       South Korea

9.    Latin America Topical Drug Delivery Market

9.1. Market Estimates & Forecast, 2015 - 2025

9.1.1.   By Product

9.1.2.   By Type

9.1.3.   By Route of Administration

9.1.4.   By Facility

9.1.5.   By Country

9.1.5.1.       Brazil

9.1.5.2.       Mexico

10. Middle East & Africa Topical Drug Delivery Market

10.1.             Market Estimates & Forecast, 2015 - 2025

10.1.1. By Product

10.1.2. By Type

10.1.3. By Route of Administration

10.1.4. By Facility

10.1.5. By Country

10.1.5.1.    Saudi Arabia

10.1.5.2.    UAE

10.1.5.3.    South Africa

11. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

11.1.             Glaxosmithkline

11.2.             Janssen Global Services (A Subsidiary of Johnson & Johnson)

11.3.             Bausch Health Companies

11.4.             Merck & Co.

11.5.             Bayer AG

11.6.             Hisamitsu Pharmaceutical

11.7.             Nestlé Sa

11.8.             Novartis AG

11.9.             Glenmark Pharmaceuticals

11.10.          Cipla

11.11.          Other Prominent Player

12. Strategic Recommendation

*Financial Details Not Be Captured in Case of Unlisted Companies

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable.