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Topical Drug Delivery Market by Size, Revenue and Key Players - 3M, Cipla, GlaxoSmithKline Plc
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Around 7.5 million US people are getting affected according to the American Academy of Dermatology (AAD). Hence, these statistics show that skin diseases prevalence is increasing at a faster pace and is becoming a global burden, which is likely to positively impact the growth of the topical drug delivery market
Key Players - Bayer AG, Cipla, Crescita Therapeutics Inc., GlaxoSmithKline, Nestle (Galderma), Valeant Pharmaceuticals, Novartis, Med pharm, Johnson & Johnson (Janssen Global Services, LLC), and Hisamitsu Pharmaceuticals.
Market segment by Type, the product can be split into
Transdermal Drug Delivery Devices
Topical Drug Delivery Formulations
Market segment by Application, split into
Hospitals
Home Healthcare
Clinics
Diagnostic Centers
Others
Dermal segment holds the major share in the Topical Drug Delivery Market
The topical drug delivery market is segmented based on the route of administration, product, and region. Based on the product, it is bifurcated into formulation and device. The formulation is sub-segmented into a solid, liquid, and semi-solid. Devices are further classified into inhaler and patch. Based on the route of administration, it is classified into dermal, ophthalmic, nasal, oral-topical, vaginal, and others.
There have been significant advantages in the topical and transdermal drug delivery systems, to target a particular site in the body. The administration of drugs through the skin is also performed to achieve controlled or prolonged drug delivery and this route can be explored as an alternative to the oral route
Recent Developments
In April 2019, Crescita Therapeutics signed an out-licensing agreement with Cantabria labs for the sales and distribution of its topical Pliaglis formulation in Italy, Portugal, France, and Spain.
In November 2018, Bausch Healthcare expanded its manufacturing facility in Rochester (Ireland) to support and fulfill the demand of its topical eye health products
Industry news
GlaxoSmithKline
02.18.20 - FDA OKs GSK's OTC Topical for Arthritis
THE REPORT COVERS EXHAUSTIVE ANALYSIS ON
Topical Drug Delivery Market Segments
Topical Drug Delivery Market Dynamics
Historical Actual Market Size, 2014 - 2019
Topical Drug Delivery Market Size & Forecast 2019 to 2024
Topical Drug Delivery Market Current Trends/Issues/Challenges
Competition & Companies involved
Topical Drug Delivery Market Drivers and Restraints.
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Related Reports
https://www.marketinsightsreports.com/reports/01021690025/global-topical-drug-delivery-system-market-report-history-and-forecast-2014-2025-breakdown-data-by-companies-key-regions-types-and-application?mode=52
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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