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Topical Drug Delivery Market

Topical Drug Delivery market by Facility of Use (Homecare setting, Hospitals, Burn Centres), by Solids(Suppositories), by Liquids(Solutions), Transdermal products), by Route(Dermal, Ophthalmic), by Type (Semi-solids (Creams, Gels, Lotions), by Region, and Global Forecast 2022-2028

Report Id: SNS/HC/2580 | July 2022 | Region: Global | 133 Pages

Report Scope & Overview:

The Topical Drug Delivery Market Size was valued at USD 207.1 billion in 2021 and expected to reach USD 348.1 billion by 2028, and grow at a CAGR of  9% over the forecast period 2022-2028.

The distribution of medications through topical routes such as the skin, mucosa, or cavities in the body is referred to as topical drug delivery. These are used locally to avoid the drug's first-pass effect or for site-specific activity. Creams, foams, lotions, gels, ointments, and other drugs are included.

Topical Drug Delivery Market

A topical mode of delivery provides advantages such as site-specificity, elimination of variations in drug levels, greater suitability for self-medication, and improved compliance. The pharmacological response of a drug, both the desired therapeutic effect and the undesirable adverse consequence, is determined by the concentration of the drug at the site of action, which is determined by the dose form and the amount of drug absorption at the site of action.

MARKET DYNAMICS:

KEY DRIVERS:

  • The use of topical prescription medication for dry eye disorders is extremely common.

  • Transdermal patches are replacing traditional needle injections.

RESTRAINTS:

  • Topical medicines cause chronic skin irritation and allergies.

  • Preference for alternate drug delivery methods

OPPORTUNITY:

  • Self-administration and home care are becoming increasingly popular.

  • Biologics are delivered transdermally and Cosmetic industry uses topical vehicles

CHALLENGES:

  • Topical preparations for medicines with low plasma concentrations

  • The incidence of medicine failures and product recalls is increasing.

IMPACT OF COVID-19:

During the COVID-19 pandemic wave, self-medication was a frequent tendency for drug consumption. Many treatment facilities and single doctor clinics were closed as a result of the epidemic, depriving the general public of timely medical aid. The pandemic has prompted people to self-medicate. The most often utilised therapeutic techniques for self-medication were topical corticosteroids. Anti-acne preparations, corticosteroids, combos (corticosteroids, antibiotics, and antifungals), moisturisers, and barrier creams were the most commonly utilised topical medications. Self-medication has increased demand for over-the-counter and topical medications, which has benefited the topical drug delivery business.

One of the most common symptoms of COVID-19 was a runny nose, cold, and cough. Nasal sprays were beneficial in relieving nasal congestion during COVID-19. Amcyte Pharma, for example, introduced its Nasitrol nasal spray (topical solution) for sinus irrigation. The nasal cavity and rhino pharynx were the primary sites of SARS-CoV-2 propagation. The spray is designed to lower viral load in the upper respiratory tract, stopping viruses from multiplying and migrating into the lungs. This increase in nasal sprays that can decrease viral load during COVID-19 has raised demand for topical sprays and foams used to treat virus-induced nasal congestion.

The topical medication delivery market is divided into semi-solid formulations, liquid formulations, solid formulations, and transdermal products based on product. The semi-solid formulations segment held the greatest market share in 2021. This segment's substantial share is related to the applicability of APIs with low density, which are more stable in atmospheric conditions than liquid and solid forms, and the rise in personalised medicine due to their unique composition and increased absorptive capabilities. These dose forms are not dehydrating and have no effect on skin function.

The market is divided into five sections based on the method of administration: cutaneous, ophthalmic, rectal, vaginal, and nasal drug delivery. The dermal drug delivery market segment's large share can be attributed largely to pain-free self-administration for patients, which is advantageous for drugs with shorter half-lives or narrow therapeutic indices, as well as the elimination of frequent administration of drugs and plasma level peaks and valleys associated with oral dosing and injections to maintain a constant drug concentration.

The market is divided into home care settings, hospitals & clinics, burn centres, and other facilities based on the facility of usage. The high proportion of home care settings can be ascribed to benefits for long-term therapy, greater convenience over inpatient care, and improvements in medical adherence and treatment outcomes. Other key factors impacting the growth of the home care settings sector are the world's growing geriatric population and the growing requirement for self-administration of pharmaceuticals.

MARKET PLAYER

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

MARKET SEGMENTS:

by Product

  • Semi-Solid Formulations

  • Liquid Formulations

  • Solid Formulations

  • Transdermal Products

by Route of Administration

  • Dermal Drug Delivery

  • Ophthalmic Drug Delivery

  • Rectal Drug Delivery

  • Vaginal Drug Delivery

  • Nasal Drug Delivery

by Facility of Use

  • Home Care Settings

  • Hospitals & Clinics

  • Burn Centers

  • Other Facilities

Topical Drug Delivery Market

REGIONAL ANALYSIS:

North America led the topical drug delivery market, followed by Europe, Asia Pacific, Latin America, and the Middle East and Africa. The rising prevalence of target health conditions, the increasing preference for pain-free drug delivery solutions, the rising prevalence of skin diseases, an increasing number of smokers worldwide, rising advancements in transdermal patches, and the high demand for drugs that can be self-administered all contribute to North America's large share.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Topical Drug Delivery Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 207.1 Billion
Market Size by 2028 US$ 348.1 Billion
CAGR CAGR of 9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Facility of Use (Homecare setting, Hospitals, Burn Centres)
• by Solids(Suppositories)
• by Liquids(Solutions), Transdermal products)
• by Route(Dermal, Ophthalmic)
• by Type (Semi-solids (Creams, Gels, Lotions)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Valeant Pharmaceuticals International, Inc., Crescita Therapeutics Inc., MedPharm Group Ltd., 3M Company, Bayer AG, Novartis AG, Janssen Global Services, LLC, and Cipla, Galderma S.A., GlaxoSmithKline plc.
Key Drivers • Transdermal patches are replacing traditional needle injections.
RESTRAINTS • Topical medicines cause chronic skin irritation and allergies.
• Preference for alternate drug delivery methods.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Global Topical Drug Delivery Market, by Product

8.1 Semi-Solid Formulations

8.2 Liquid Formulations

8.3 Solid Formulations

8.4 Transdermal Products

 

9.Global Topical Drug Delivery Market, by Route of Administration

9.1 Dermal Drug Delivery

9.2 Ophthalmic Drug Delivery

9.3 Rectal Drug Delivery

9.4 Vaginal Drug Delivery

9.5 Nasal Drug Delivery

 

10.Global Topical Drug Delivery Market, by Facility of Use

10.1 Home Care Settings

10.2 Hospitals & Clinics

10.3 Burn Centers

10.4 Other Facilities

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 LLC, IDEMIA

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 L3Harris Technologies Inc.

12.3 Rapiscan Systems

12.4 Smiths Detection Inc.

12.5 Teledyne e2v

12.6 3DX-RAY

12.7 Astrophysics Inc.

12.8 Autoclear

12.9 Leidos

12.10 Nuctech Company Limited

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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