Global Topical Drug Delivery Market Size to Reach USD 205.1 Billion by 2024
The global topical drug delivery market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Galderma Pharma, S.A., dominated the topical drug delivery market accounting for a highest market share in 2016, followed by Bayer AG, and Valeant Pharmaceuticals. Other players in this market include Allergen Plc. Kaken Pharmaceuticals, Co., Ltd, Pfizer, 3M, Hisamitsu Pharmaceuticals, Co., Inc., Abbvie, Inc., Antares Pharma among others. Some of the other players in the global topical drug delivery market are MedPharm, Janssen Pharmaceuticals, Inc. (A J&J Company), Crescita Therapeutics, West Pharmaceutical Services, Biofarmitalia s.r.l, Pharmatek Laboratories, Inc., Stiefel Laboratories, Inc., Tapemark, Acrux Limited, Nitto Denko Corporation, Skinvisible Pharmaceuticals, Inc., Mylan Pharmaceuticals Inc., Pocono Coated Products LLC, TheraSolve NV., Samyang Biopharmaceuticals Corporation, Lohmann Therapie-Systeme AG, Prosollus Pharmaceuticals, Easton Pharmaceuticals Inc., Novosis AG, Endo Pharmaceuticals Inc., Transdermal Technologies, Inc., Sheffield Pharmaceuticals, Inc., and Solvay among others.
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Galderma Pharma S.A.
Galderma Pharma S.A. was incorporated in 1981, as a joint between Nestle and L'Oreal. In February, 2014 Nestle SA, entered into an agreement to acquire remaining 50% stake in the company, from L'Oreal S.A. After the completion of the acquisition the company will form the foundation of Nestle Skin Health S.A. Galderma Pharma S.A. is headquartered in Lausanne Switzerland.
1. In July 2016, Galderma announces fda approval of full prescription-strength differin gel for over-the-counter acne use.
2. In July 2016, Galderma announces approval of epiduo gel for the treatment of acne in Japan.
Global Topical Drug Delivery Market: Segmentation
Global Topical Drug Delivery Market, By Product Type (Topical Drug Delivery Formulations (Solid, Liquid, Semi Solid), Transdermal Drug Delivery Devices (Transdermal Patches, Transdermal Gels)), By End-User (Hospitals, Clinics, Home Healthcare, Diagnostic Centers, Others), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia-Pacific, Latin America, Rest of the World)
Drivers included Topical Drug Delivery Market:
Some of the major factors driving the topical drug delivery market are ability to deliver drug at the desired site, inter-and intra-patient variations, without fluctuations in drug levels, an enhanced suitability for self-medication and improved compliance. Also, increasing aging population, growing prevalence of skin related ailments and rising prevalence of chronic diseases, also new and better technologies for topical drug delivery is expected to boost the growth of this market are the major factors driving the growth of the injectable drug delivery market.
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Rising Cases of Acute and Chronic Diseases
The prevalence of diseases and conditions such as infections which includes bacterial infection and fungal infections, inflammations, pain management, acne, sun burns, psoriasis, dermatitis, skin allergy, skin cancer, diabetes, and many others has increased considerably over a period of time.
Rising Aging Population
With the increasing age, the cases of acute and chronic diseases are rising. Older population is more prone to diseases such as diabetes, allergy, arthritis, infections, and dermatitis.
Technological Advancements and Innovations
With the rising prevalence of acute and chronic diseases it has become important for the drug and device manufacturers to develop advanced technologies that will provide more effective treatment for the diseases. In the few years, many developments took place for the topical drug delivery due to the rapid absorption of drugs.
Approval of New Drugs
With the increasing demand for the treatment of diseases using painless and non-invasive method the demand for topical drug delivery is increasing.
Better Opportunity in Pharmerging Markets
According to Data Bridge Market Research analysts, Japan, Europe and North America are expected to account for around 73% of total global pharmaceutical market, while the rest of the world only own 27% of the market.
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Major Key Players Included in Topical Drug Delivery Market:
The major players in the topical drug delivery prescription drugs are
• Galderma Pharma, S.A.,
• Allergen Plc. Kaken Pharmaceuticals, Co., Ltd,
• Bayer AG,
• Hisamitsu Pharmaceuticals, Co., Inc.,
• Abbvie, Inc.,
• Valeant Pharmaceuticals,
• Antares Pharma
• Among others.
North America Contraceptive Devices Market – Industry Trends and Forecast to 2024
North America Contraceptive Devices Market, By Product Type, By End-User, By Distribution Channel, By Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2024
Report Access: http://databridgemarketresearch.com/reports/north-america-contraceptive-devices-market/
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