Topical Drug Delivery Market Insights by Growth, Segmentation, Emerging Trends and Forecast By 2030

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The Topical Drug Delivery Market crossed the US$ 205.0 billion mark in 2022 and is expected to hit US$ 325.0 billion by 2030, recording a CAGR of 8.0% during the forecast period.

Business Market Insights adds ” Topical Drug Delivery Market Forecast to 2030 – COVID-19 Impact and Global Analysis” to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

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Key companies profiled in this research study are:

  • Cipla Inc.
  • Crescita Therapeutics Inc.
  • GlaxoSmithKline plc.
  • Hisamitsu Pharmaceutical Co.,Inc.
  • Skinvisible Pharmaceuticals, Inc.
  • Galderma Laboratories, L.P.
  • Janssen Global Services, LLC
  • Mylan N.V.
  • Skinvisible Pharmaceuticals, Inc.
  • Oxford Nanopore Technologies Plc.

Rise in Incidences of Burn Injuries is Propelling Market Growth:

Topical drug delivery is the application of medication to the skin’s surface or within the layers of skin or mucous membrane. These drugs are generally applied to a certain part of the body; usually, the skin, to treat different ailments. After the application on the skin, the drug primarily enters through the stratum corneum and passes via the deeper epidermis and dermis with no drug accumulation in the dermal layer.

In this report, the market has been segmented on the basis of:

Product:

  • Lipid formulations
  • Semi-solid formulations
  • Solid formulations
  • Transdermal products

Route of Administration:

  • Nasal drug delivery
  • Ophthalmic drug delivery
  • Rectal drug delivery
  • Vaginal drug delivery
  • Pulmonary drug delivery

End-User:

  • Burn centers
  • Hospitals and clinics
  • Home care settings
  • Other end users

Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa

The reports cover key developments in the Topical Drug Delivery Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

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Major Features of Topical Drug Delivery Market Report:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Topical Drug Delivery Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Topical Drug Delivery Market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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