Topical Drug Delivery Market Statistics 2020: Growth, Forecast and Competitive Analysis

Topical medications are generally applied on body surfaces such as skin or mucus membrane, thus being reverse counterparts of systemic medications and products. These medications include creams, foams, gels, lotions, ointments, and others.

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COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

Global Topical Drug Delivery Market Report provides an overview of the market based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2020-2027). This report covers the impact of the latest COVID-19 on the market. The coronavirus epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly changing market scenarios and their impact are covered in the report.

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The topical drug delivery market is segmented on the basis of product, route of administration, end user, and region.

On the basis of product, it is bifurcated into formulations and devices. Formulation is sub-segmented into liquid, semisolid, and solid topical formulations. Devices are further classified into transdermal patches and transdermal gels.

On the basis of route of administration, it is classified into skin, ophthalmic, rectal, vaginal, and nasal.

The end-user segment includes hospitals & private clinics, home care settings, and others.

Geographically, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

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The Major Key Players Are:

Galderma S.A., GlaxoSmithKline plc., Valeant Pharmaceuticals International, Inc., Crescita Therapeutics Inc., MedPharm Group Ltd., 3M Company, Bayer AG, Novartis AG, Janssen Global Services, LLC, and Cipla.

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