Global Topical Drug Delivery Market – Trends and Forecast to 2024

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GLOBAL TOPICAL DRUG DELIVERY MARKET
GLOBAL TOPICAL DRUG DELIVERY MARKET accounted
value of USD 205.1 billion at a CAGR of 9.2 by
2024
Global Topical Drug Delivery Market is expected
to reach USD 205.1 billion by 2024 from USD 101.7
billion in 2016, growing at a CAGR of 9.2 in the
forecast period 2017 to 2024. The new market
report contains data for historic years 2015, the
base year of calculation is 2016 and the forecast
period is 2017 to 2024.
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Report Description
The global topical drug delivery market can be
segregated into two kinds of products over the
counter drugs and prescription drugs. Over the
counter drugs are mainly focused on consumer care
and the medical companies have no share in it.
While the prescription drugs are having only
36.8 market share of the global topical drug
delivery market, in 2016.
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Key Drivers

• Topical drug delivery involves the introduction
  of a medication to the body surface such as skin
  or mucous membrane or to the circulatory system
  by periodic transdermal drug delivery for the
  treatment of diseases.
• It is considered as key route for local and
  systemic treatment. Drugs delivered through this
  route of administration penetrate deeply into the
  skin and are better absorbed. Topical drugs such
  as sunscreens and astringents are used for
  prophylaxis

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Market Segmentation

• The Global Topical Drug Delivery Market is
  segmented on the basis of product type,
  indication, distribution channel, end user and
  geography.
• On the basis of product type the market is
  segmented into transdermal drug delivery devices
  and topical drug delivery formulations.
• Topical drug delivery formulations are further
  segmented based on form into solid, semi-solid
  and liquid. The semi solid segment is further
  classified into ointments, creams, lotions, gels
  and pastes. The solid drugs segment is further
  segmented into powders and suppositories.
• The liquid drugs segment is further classified
  into solutions and suspensions. The transdermal
  drug delivery devices market segment is further
  segmented into patches and gels.

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Competitive Landscape
The Global Topical Drug Delivery Market report
contains an in-depth profiling of the key market
players, along with the recent developments and
strategies adopted by them to sustain and
strengthen their positions in the market.  
 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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