The global topical drug delivery market is expected to register high revenue growth and reach a market size of USD 145.68 Billion by 2027, according to a current analysis by Emergen Research. The importance of topical drug formulations for pharmaceutical delivery is rapidly increasing, and rising demand and use of these types of products is contributing to increasing market size currently, and the trend for more convenient treatments at home is contributing to increasing market size. Topical drug delivery routes helps to deliver drug substance more selectively to the specific area, while avoiding drug level fluctuations. This method also offers inter-and intra-patient variations, better compliance, and high suitability for self-medication and better convenience.
Emergen Research has published a novel research report titled, “Global Topical Drug Delivery Market Forecast to 2028”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Topical Drug Delivery market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
The rising prevalence of skin diseases such as acne, eczema, psoriasis, etc. continues to fuel growth of the global topical drug delivery market. Some other crucial factors such as this route of drug administration being non-invasive in nature, improved efficiency of drugs administered into the skin, and increasing global geriatric population are other major factors further driving growth of the topical drug delivery market. Moreover, new topical drug approvals and rapid technological advancement and developments, and constant innovations in the field are likely to propel growth of the topical drug delivery market to a significant extent over the forecast period.
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The report offers a complete analysis of the global Topical Drug Delivery market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Johnson & Johnson, Nestlé SA, GlaxoSmithKline, Novartis AG, Merck & Co, Bausch Health Companies, Glenmark Pharmaceuticals, Bayer AG, Hisamitsu Pharmaceuticals, and Encore Dermatology, Inc. and others are some of the top companies profiled in the report.
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Topical Drug Delivery Market:
For the purpose of this report, Emergen Research has segmented the global topical drug delivery market based on product types, route, end-use, and regions as follows:
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Key point summary of the report:
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