|09-05-2018 11:57 AM CET - Health & Medicine||
Global Topical Drug Market 2018-2024: Top Companies are Medpharm, Crescita Therapeutics, 3M Drug Delivery Systems, Bayer, Valeant Pharmaceuticals International, Inc., Galderma, Novartis, Johnson & Johnson, GlaxoSmithKline
Press release from: Data Bridge Market Research
The key players of the Topical Drug Market are making moves like product launches, joint ventures, developments, merges and accusations which is affecting the Topical Drug Market and Pharmaceutical Industry as a whole and also affecting the sales, import, export, revenue and CAGR values.
We at Data Bridge Market Research take the help of Porter's Five Forces Analysis that explains what the threats of new entrants, threat of substitutes, bargaining power of customers, bargaining power of suppliers, and Industry rivalry to the organizations are.
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Market Segmentation: Topical Drug Market
• By technology the market for topical drug is segmented into liquid, semi-solid, solid. The liquid segment is sub-segmented into solutions, suspensions. The semi-solid segment is sub-segmented into cream, gel, ointment, paste, lotion and liquid segment is further sub-segmented into suppositories, powders.
• By disease the topical drug market is segmented into dermatology, ophthalmology, rectal, genecology, respiratory.
• On the basis of end-users the topical drug market is segmented into hospitals, clinics, ambulatory center.
• On the basis of geography, topical drug market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Market Definition: Topical Drug Market
Topical drugs are used for topical medication and are applied on the body surface. The topical drugs are in the form of creams, foams, gels, lotions, and ointments.
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Major Market Drivers and Restraints:
• Increasing prevalence of skin diseases
• R&D investments by pharmaceutical companies
• Increased demand of painless treatment
• Stringent government regulation
• Various instances of product recalls
Competitive Analysis: Topical Drug Market
The topical drug market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of topical drug market for global, Europe, North America, Asia Pacific and South America.
Market Analysis: Topical Drug Market
The Topical Drug Market Accounted to USD 120.2 billion in 2016 growing at a CAGR of 6.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Competitors: Topical Drug Market
• Glaxosmithkline PLC,
• Johnson & Johnson,
• Novartis AG,
• Galderma S.A.,
• Valeant Pharmaceuticals International, Inc.,
• Bayer AG,
• 3M Drug Delivery Systems,
• Crescita Therapeutics Inc.,
• Among others
Frequently Asked Questions:
- What will the market size be in 2024?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
- Which strategies are used by top players in the Global Topical Drug Market?
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