Title: Topical Drug Delivery Market-Future Scope,Industry Trends and Forecast to 2026
1Topical Drug Delivery Market-Future
Scope,Industry Trends and Forecast to 2026
Topical Drug Delivery Market By Product Type
(Formulations,( Topical (Solid, Liquid,
Semi-Solid), Transdermal (Patches, Gels)),
Application of Drug (Skin Drug, Ophthalmic Drug,
Rectal Drug, Vaginal Drug, Nasal Drug), End-User
(Hospitals, Clinics, Home Healthcare, Diagnostic
Centers, Others) Distribution Channel (Direct
Tenders, Retail)Geography (North America, South
America, Europe, Asia-Pacific, Middle East and
Africa) Industry Trends Forecast to 2026
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2Report Description
Global Topical Drug Delivery Market is expected
to rise from its initial estimated value of USD
120.82 billion in 2018 to an estimated value of
USD 240.76 billion by 2026, registering a CAGR of
9.00 in the forecast period of 2019-2026. This
rise in market value can be attributed to the
increasing preference for topical drug
delivery. Topical drug delivery is one of the
most effective ways of drug delivery as it gives
optimum therapeutic outcomes. Gradually, the
topical drug delivery system has become
increasingly important in the pharmaceutical
industry. The pharmacological response, both the
desired therapeutic effect and the undesired
unfavourable effect of a drug is dependent on the
concentration of the drug at the place of action,
which in turn depends upon the dosage form and
the extent of absorption of the drug at the site
of action.
3Major Key Players
- Some of the major players operating in this
market are - Galderma S.A. (Switzerland)
- GlaxoSmithKline plc. (U.K.)
- Valeant Pharmaceuticals International, Inc.
(Canada) - Crescita Therapeutics Inc. (Canada)
- Medpharm (U.K.)
- 3M (U.S.)
- Bayer AG (Germany)
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4Market Segmentation
- By Product Type (Formulations,( Topical (Solid,
Liquid, Semi-Solid), Transdermal (Patches, Gels) - By Application of Drug (Skin Drug, Ophthalmic
Drug, Rectal Drug, Vaginal Drug, Nasal Drug) - By End-User (Hospitals, Clinics, Home Healthcare,
Diagnostic Centers, Others)
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5Regional Analysis
- Based on geography, the market is segmented into
five geographical regions - North America
- Europe
- Asia-Pacific
- South America
- Middle East
- Africa
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