This Topical Drug Delivery market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Topical Drug Delivery report simplifies managing marketing of goods and services effectively.

Global Topical Drug Delivery Market size was valued at USD 116.30 billion in 2023 and is projected to reach USD 198.33 billion by 2031, with a CAGR of 6.9% during the forecast period of 2024 to 2031.

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Market Overview:

According to a study titled 'National, regional and worldwide epidemiology of psoriasis, in May 2020, the incidence of psoriasis in adults was predicted to be around 30.3 per 100,000 person-years in Taiwan and about 321.0 per 100,000 person-years in Italy. The prevalence of skin diseases is expanding at a quicker rate, and it is becoming a global problem. The enormous burden associated with the various skin diseases and conditions makes the drug administration highly crucial, which is why the topical drug delivery market is positively impacted by increased prevalence of skin conditions. As a result, the market is estimated to show lucrative growth over the forecasted period.

Some of the major players operating in the Topical Drug Delivery market are Johnson & Johnson Private Limited (U.S.), Nestlé India Ltd.(Switzerland), Novartis AG (Switzerland), GlaxoSmithKline plc(U.K), Bausch Health Companies Inc., (Canada), Merck & Co Inc., (U.S.), Bayer AG (Germany), Hisamitsu Pharmaceutical Co.,Inc. (Japan), Glenmark Pharmaceuticals Limited, (India), Cipla Inc., (India), Crescita Therapeutics (Canada), Mylan N.V. (U.S.), Encore Dermatology, (U.S.), LEO Pharma A/S (Denmark), Almirall, S.A (Spain), Aclaris Therapeutics, Inc. (U.S.), Taro Pharmaceutical Industries Ltd. (U.S.), Teligent (U.S.), Perrigo Company plc (U.S.), Allergan (Ireland), Biofrontera, AG (U.S.), Crown (U.S.),  Akorn Operating Company LLC. (U.S.), Ingenus (U.S.), and Sun Pharmaceutical Industries Ltd. (India) among others.

Global Topical Drug Delivery Market Scope

The topical drug delivery market is segmented on the basis of product, route of administration, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

· Semi-Solid Formulations

· Liquid Formulations

· Solid Formulations

· Transdermal Products

On the basis of product, the topical drug delivery market is segmented into semi-solid formulations, liquid formulations, solid formulations and transdermal products. Semi-solid formulations are further segmented into creams, ointments, lotions, gels and pastes. Liquid formulations are further segmented into solutions and suspensions. Solid formulations are further segmented into powders and suppositories. Transdermal products are further segmented into transdermal patches and transdermal semi-solids. The semi-solid formulations registers the largest market share owing to the easy application of semi-solid formulations along with their ability to deliver a wide variety of drug molecules, which leads to high demand for it among end users.

Route of Administration

· Dermal Drug Delivery

· Ophthalmic Drug Delivery

· Rectal Drug Delivery

· Vaginal Drug Delivery

· Nasal Drug Delivery

On the basis of route of administration, the topical drug delivery market is segmented into dermal drug delivery, ophthalmic drug delivery, rectal drug delivery, vaginal drug delivery and nasal drug delivery.

Distribution Channel

· Direct Tenders

· Retail

On the basis of distribution channel, the topical drug delivery market is segmented into direct tenders and retail.

End User

· Hospitals

· Clinics

· Home Healthcare

· Diagnostic Centers

· Others

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Topical Drug Delivery Market Landscape

Part 04: Global Topical Drug Delivery Market Sizing

Part 05: Global Topical Drug Delivery Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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