Dublin, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The "Topical Drug Delivery - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Topical Drug Delivery was estimated at US$138.1 Billion in 2023 and is projected to reach US$197 Billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the Topical Drug Delivery market is driven by several factors, including the increasing prevalence of skin diseases, advancements in formulation technologies, and rising demand for non-invasive treatments. Innovations like advanced transdermal patches, improved permeation enhancers, and bioadhesive gels have expanded the applications of topical drug delivery across medical fields.
The focus on enhancing patient adherence, reducing systemic side effects, and offering convenient treatment options has further fueled demand, as topical drug delivery offers effective solutions for localized therapy. Additionally, the rising geriatric population, expanding home healthcare services, and growing awareness of dermatological conditions have contributed to market growth, supporting wider adoption across healthcare settings.
Scope of the Study
The report analyzes the Topical Drug Delivery market, presented in terms of market value (US$ Million). The analysis covers the key segments outlined below:
Segments
- Product (Semi-Solid Formulations, Liquid Formulations, Solid Formulations, Transdermal Products)
- Route of Administration (Dermal Drug Delivery, Nasal Drug Delivery, Ophthalmic Drug Delivery, Rectal Drug Delivery, Vaginal Drug Delivery)
- End-Use (Home Care Settings, Hospitals & Clinics, Burn Centers, Other End-Uses)
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Semi-Solid Formulations segment, which is expected to reach US$76.7 Billion by 2030 with a CAGR of a 5.3%. The Liquid Formulations segment is also set to grow at 4.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $37.5 Billion in 2023, and China, forecasted to grow at an impressive 4.8% CAGR to reach $30.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Topical Drug Delivery Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Topical Drug Delivery Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Topical Drug Delivery Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Topical Drug Delivery Market such as 3M, Acrux, Bayer, Biofarmitalia, Cipla and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 43 companies featured in this Global Topical Drug Delivery Market report include:
- 3M
- Acrux
- Bayer
- Biofarmitalia
- Cipla
- Crescita Therapeutics
- Galderma
- GlaxoSmithKline
- Janssen Global Services
- Lohmann Therapie-Systeme
- Medpharm
- Mylan
- Nitto Denko
- Novartis
- Pharmatek Laboratories
- Pocono Coated Products
- Skinvisible Pharmaceuticals
- Stiefel Laboratories
- Tapemark
- Valeant Pharmaceuticals International
- West Pharmaceutical Services
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 94 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $138.1 Billion |
| Forecasted Market Value (USD) by 2030 | $197 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Topical Drug Delivery - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS
MARKET TRENDS & DRIVERS
- Rising Prevalence of Dermatological Conditions Spurs Demand
- Focus on Non-Invasive Treatment Methods Strengthens Business Case
- Growing Use in Localized Pain Management Propels Market Adoption
- Advancements in Transdermal Patches Expand Addressable Market
- Development of Innovative Formulations Drives Adoption
- Rising Incidence of Diabetes Propels Demand for Topical Treatments
- Increasing Use in Hormone Replacement Therapy Expands Market Opportunity
- Focus on Reducing Systemic Side Effects Generates Demand
- Advancements in Nano-Formulation Technology Propel Market Expansion
- Rising Use in Anti-Inflammatory Drugs Strengthens Business Case
- Increasing Demand for Wound Care Products Expands Addressable Market
- Growing Use in Veterinary Medicine Generates New Opportunities
GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/jepd9k
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