Topical Drug Delivery Report: Trends, Forecast and Competitive Analysis to 2030

Topical Drug Delivery Report: Trends, Forecast and Competitive Analysis to 2030

Topical Drug Delivery Trends and Forecast

The future of the global topical drug delivery market looks promising with opportunities in the home care settings, hospitals & clinics, and burn centers markets. The global topical drug delivery market is expected to reach an estimated $396.6 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are increasing frequency of skin related diseases, growing incidence of burn related injuries, and rising prevalence of diabetes.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Topical Drug Delivery by Segment

The study includes a forecast for the global topical drug delivery by product, route of administration, end use industry, technology, and region

Topical Drug Delivery Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Semi-Solid Formulations
• Liquid Formulations
• Solid Formulations
• Transdermal Products

Topical Drug Delivery Market by Route of Administration [Shipment Analysis by Value from 2018 to 2030]:

• Dermal Drug Delivery
• Ophthalmic Drug Delivery
• Rectal Drug Delivery
• Vaginal Drug Delivery
• Nasal Drug Delivery

Topical Drug Delivery Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Home Care Settings
• Hospitals & Clinics
• Burn Centers
• Others

Topical Drug Delivery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Topical Drug Delivery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies topical drug delivery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the topical drug delivery companies profiled in this report include-

• Glenmark Pharmaceuticals
• Galderma
• Johnson & Johnson
• GlaxoSmithkline
• Bausch Health
• Hisamitsu Pharmaceuticals
• Cipla
• Bayer
• Viatris
• 3M

Topical Drug Delivery Market Insights

Lucintel forecast that semi-solid formulations is expected to witness highest growth over the forecast period due to its flexibility in delivering different pharmacological compounds and ease of use.

Home care settings will remain the largest segment due to increasing need for affordable and convenient topical drug delivery services in this setting.

North America is expected to witness highest growth over the forecast period due to growing number of smokers, high demand for self-administered medications, and presence of key pharmaceutical players in the region.

Features of the Global Topical Drug Delivery Market

Market Size Estimates: Topical drug delivery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Topical drug delivery market size by product, route of administration, end use industry, and region in terms of value ($B).

Regional Analysis: Topical drug delivery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, route of administrations, end use industries, and regions for the topical drug delivery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the topical drug delivery market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the topical drug delivery market size?

Answer: The global topical drug delivery market is expected to reach an estimated $396.6 billion by 2030.

Q.2 What is the growth forecast for topical drug delivery market?

Answer: The global topical drug delivery market is expected to grow with a CAGR of 8.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the topical drug delivery market?

Answer: The major drivers for this market are increasing frequency of skin related diseases, growing incidence of burn related injuries, and rising prevalence of diabetes.

Q4. What are the major segments for topical drug delivery market?

Answer: The future of the topical drug delivery market looks promising with opportunities in the home care settings, hospitals & clinics, and burn centers markets.

Q5. Who are the key topical drug delivery market companies?

Answer: Some of the key topical drug delivery companies are as follows:

• Glenmark Pharmaceuticals
• Galderma
• Johnson & Johnson
• GlaxoSmithkline
• Bausch Health
• Hisamitsu Pharmaceuticals
• Cipla
• Bayer
• Viatris
• 3M

Q6. Which topical drug delivery market segment will be the largest in future?

Answer: Lucintel forecast that semi-solid formulations is expected to witness highest growth over the forecast period due to its flexibility in delivering different pharmacological compounds and ease of use.

Q7. In topical drug delivery market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing number of smokers, high demand for self-administered medications, and presence of key pharmaceutical players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the topical drug delivery market by product (semi-solid formulations, liquid formulations, solid formulations, and transdermal products), route of administration (dermal drug delivery, ophthalmic drug delivery, rectal drug delivery, vaginal drug delivery, and nasal drug delivery), end use industry (home care settings, hospitals & clinics, burn centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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