Global Topical Drug Delivery Market Including Key Players, Infrastructure Growth, Increasing Demand & Forecast till 2027

 

Global Topical Drug Delivery Market

Topical drug delivery is defined as the delivery of drugs through topical route like skin, mucus membrane or cavities in the body. These are applied topically the body. These drugs are applied locally to avoid the first-pass effect of the drug or for site-specific action. These medications include foams, lotions, creams, gels, ointments, and others. Topical drug delivery has various benefits such as site-specificity, better compliance, eliminating fluctuations in the levels of drugs, and improved suitability for self-medication.

Market Drivers

The increase in approval of new drugs from U.S. FDA is expected to drive growth of the global topical drug delivery market. For instance, in August 2020, the U.S. Food and Drug Administration (FDA) announced the approval of Cassiopea’s Winlevi drug, which is used for the treatment of topical acne treatment from. Furthermore, the increase in prevalence of skin diseases and high incidence of burn injuries, expected to boost the global topical drug delivery market growth over the forecast period. For instance, Information provided by the World Health Organization (WHO), around 2 to 3 million cases of non-melanoma skin cancer and around 132,000 cases of melanoma skin cancer are diagnosed every year across the globe.

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Moreover, new product launches are expected to boost the global topical drug delivery market. For instance, in February 2021, Almirall U.S., biopharmaceutical company focused on skin health, launched new drug (Klisyri). It is used as the topical treatment for actinic keratosis (AK) of the face and scalp. Actinic keratosis (AK) is the most common diagnosis made by dermatologists in the United States, affects more than 40 million Americans annually. In addition, the increase in geriatric population will positively influence the global topical drug delivery market growth throughout the forecast period.

Availability of alternative dug delivery modes for patients and end users expected to hamper the global topical drug delivery market growth. Also, side effects of topical drugs like allergies and rashes, and slow onset of action hinder the growth of global topical drug delivery market growth.

Market Segmentation 

On the basis of product type global topical drug delivery system market is segmented into Formulations, and devices. Further, formulations are sub segmented into Semisolid (Creams, Gels, Pastes, Ointments, and Lotions), Liquid (Solutions, Suspensions), and Solid (Suppositories, and Powders). Also, the Devices are classified into Transdermal Patches, and Transdermal Gels.

 Based on the product type semisolid is expected to witness the highest growth throughout the forecast period. Due to the advantages of dermal drug delivery over other topical drug delivery methods, such as convenience and greater patient compliance.

 

Based on the route of administration market is segmented into Skin, Ophthalmic, Rectal, Vaginal, and Nasal. In addition, the market is segmented into end user such as Home Care Settings, Hospitals & Private Clinics, and Others. The home care settings segment holds largest share of the market during this forecast period, owing to factors such as the convenience & affordability of topical drugs for home administration.

Regional Analysis 

The Global Topical Drug Delivery Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. 

The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This is due to the increase of skin diseases like skin cancer, the growing use of contraceptives, and the increase in focus of pharmaceutical companies on the research and development of smart transdermal drug delivery systems, all of which are propelling adoption of topical drug delivery in the region. Also, the North America dominates the market due to the presence of large number of pharmaceutical companies & drug delivery technology providers in the region. 

Key Players Analysis 

Some key operating players are listed in this report such as Bausch Health Companies, Agile Therapeutics, Hisamitsu Pharmaceutical, Cipla, Almirall U.S., Cassiopea, Crescita Therapeutics Inc., 3M, MERCK & CO., Bayer AG, etc. Merger acquisition, partnership, and product launch are some key strategies adopted by the key players & sustain and capture the market share in the global topical drug delivery market. For instance, in December 2020, Agile Therapeutics, Inc. had launched its new Twirla (levonorgestrel and ethinyl estradiol) transdermal system which is a contraceptive patch.

Market Taxonomy

By Product type 

·         Formulations

·         Semisolid

·         Creams

·         Gels

·         Pastes

·         Ointments

·         Lotions

·         Liquid

·         Solutions

·         Suspensions

·         Solid

·         Suppositories

·         Powders

·         Devices

·         Transdermal Patches

·         Transdermal Gels 

By Route of Administration

·         Skin

·         Ophthalmic

·         Rectal

·         Vaginal

·         Nasal

By End User

·         Home Care Settings

·         Hospitals & Private Clinics

·         Others

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