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Topical Drug Delivery Market

Topical Drug Delivery Market Forecasts to 2028 – Global Analysis By Product (Liquid Formulations, Solid Formulations, Devices (Transdermal Drug Delivery), Semi-Solid Formulations), and By Geography

4.7 (50 reviews)
Published: February 2022 ID: SMRC20423
4.7 (50 reviews)
Published: February 2022 ID: SMRC20423

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Topical Drug Delivery Market is accounted for $101.29 billion in 2021 and is expected to reach $178.15 billion by 2028 growing at a CAGR of 8.4% during the forecast period. Topical drug delivery refers to the delivery of drugs through topical routes such as the skin, mucosa, or cavities in the body. These are applied locally to avoid the first-pass effect of the drug or for site-specific action. A topical mode of delivery offers benefits such as site-specificity, eliminating fluctuations in the levels of drugs, improved suitability for self-medication, and better compliance.

Market Dynamics:

Driver:

Growing prevalence of skin diseases


Growing prevalence of skin disorders and infections including acne, psoriasis, and eczema, rising incidences of minor skin injuries such as skin burns, increasing self-medication practices, and increased consumer spending on dermatological products such as anti-acne and anti-septic creams and gels are among the other key factors expected to drive the global topical drug delivery market. As topical drug delivery is the first line of treatment for the majority of skin diseases, the demand for advanced topical products is expected to increase in the coming years.

Restraint:

Availability of alternative modes of drug delivery


There are several alternative drug delivery modes available for patients and end users. The benefits of these alternatives over topical drug delivery form a key restraint to the growth of this market. Of these, the oral route is the most preferred as it is easy to use, convenient, cost-effective, safe, and acceptable. Furthermore, orally administered drugs can be conveniently stored and are portable, economical, noninvasive, and safe.

Opportunity:

Delivery of biologics through the transdermal route


The delivery of biologics through the transdermal route is one of the emerging trends in the topical drug delivery market. The transdermal delivery of large molecules as an alternative to intramuscular, subcutaneous, or intravenous routes of administration is expected to provide significant patient benefits, such as painless drug delivery and cost-effective treatment.

Threat:

Technical barriers related to skin irritation


The chance for local adverse reactions and skin irritation is a significant challenge for topical drug delivery formulation and transdermal systems. However, the emergence of novel techniques for skin permeation and the development of methods to reduce skin irritation would help widen the topical drug delivery formulations and transdermal systems market for hydrophilic compounds, macromolecules, and conventional drugs for new therapeutic indications.

The home care settings segment is expected to be the largest during the forecast period

The home care settings segment is expected to be the largest during the forecast period owing to the convenience and affordability of topical drugs for home administration. Also, for patients requiring long-term therapy, inpatient care is not only extremely expensive but also prevents patients from resuming a normal lifestyle and work activities. In this regard, technological advancements have helped patients undergo therapies effectively and safely at home.
 
The dermal drug delivery (skin) segment is expected to have the highest CAGR during the forecast period

The dermal drug delivery segment is expected to witness the highest growth during the forecast period. This can be attributed to the advantages of dermal drug delivery over other topical drug delivery methods, such as convenience and greater patient compliance. Besides, dermal products have fewer regulatory requirements than ophthalmic products, where sterility testing is mandatory.

Region with largest share:

North America is projected to hold the largest market share owing to the growing product launches by various key players in the region. Due to the COVID-19 outbreak, the market is expecting to observe positive growth. This is mainly due to the novel treatment being developed. The growing burden of skin-related conditions is also expected to accelerate the market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR due to the high incidence of skin diseases (such as skin cancer), increasing use of contraceptives, and the growing focus of pharmaceutical companies on the R&D of smart transdermal drug delivery systems.

Key players in the market

Some of the key players profiled in the Topical Drug Delivery Market include Teligent Pharma, Almirall, S.A, Perrigo Pharma, Novartis AG, Bayer AG, Mylan, Merck & Co, LEO Pharma , Johnson & Johnson, Agile Therapeutics Inc., Cipla Ltd, GlaxoSmithKline, Encore Dermatology, Inc., Crescita Therapeutics Inc., Taro Pharmaceutical Industries Ltd, Bausch Health Companies, Glenmark Pharmaceuticals, and Aclaris Therapeutics, Inc.

Key developments:

In February 2021: Almirall and MC2 Therapeutics went under an exclusive agreement for the commercialization of its product 'Wynzora', a topical drug indicated against the treatment of plaque psoriasis.

In December 2020: Agile Therapeutics Inc. introduced Twirla (levonorgestrel and ethinyl estradiol) transdermal system, which is a contraceptive patch.

In August 2020: LEO Pharma received United States Food and Drug Administration approval for its delgocitinib cream for the treatment of moderate-to-severe chronic hand eczema (CHE) in adults.

In November 2018: Bausch Healthcare expanded its manufacturing facility in Rochester in order to support and fulfill the demand of its topical eye health products.

Routes of Administration Covered:
• Vaginal Drug Delivery
• Rectal Drug Delivery
• Ophthalmic Drug Delivery
• Nasal Drug Delivery
• Dermal Drug Delivery (Skin)

Products Covered:
• Liquid Formulations
• Solid Formulations
• Devices (Transdermal Drug Delivery)
• Semi-Solid Formulations

Distribution Channels Covered:
• Retail
• Direct Tenders

Facilities of Use Covered:
• Hospitals & Private Clinics
• Home Care Settings
• Burn Centers
• Other Facilities

Types Covered:
• Hard & Rigid Braces
• Hinged Braces
• Soft & Elastic Braces

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface      

 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities    
 3.5 Threats     
 3.6 Product Analysis    
 3.7 Emerging Markets    
 3.8 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry     
       
5 Global Topical Drug Delivery Market, By Route of Administration 
 5.1 Introduction    
 5.2 Vaginal Drug Delivery   
 5.3 Rectal Drug Delivery    
 5.4 Ophthalmic Drug Delivery   
 5.5 Nasal Drug Delivery    
 5.6 Dermal Drug Delivery (Skin)   
       
6 Global Topical Drug Delivery Market, By Product   
 6.1 Introduction    
 6.2 Liquid Formulations    
  6.2.1 Suspensions   
  6.2.2 Solutions    
 6.3 Solid Formulations    
  6.3.1 Suppositories   
  6.3.2 Powders    
 6.4 Devices (Transdermal Drug Delivery)  
  6.4.1 Transdermal Semi-solids  
  6.4.2 Transdermal Patches   
  6.4.3 Inhaler    
 6.5 Semi-Solid Formulations   
  6.5.1 Pastes    
  6.5.2 Ointments   
  6.5.3 Lotions    
  6.5.4 Gels    
  6.5.5 Creams     
       
7 Global Topical Drug Delivery Market, By Distribution Channel  
 7.1 Introduction    
 7.2 Retail     
  7.2.1 Offline    
  7.2.2 Online    
 7.3 Direct Tenders    
       
8 Global Topical Drug Delivery Market, By Facility of Use  
 8.1 Introduction    
 8.2 Hospitals & Private Clinics   
 8.3 Home Care Settings    
 8.4 Burn Centers    
 8.5 Other Facilities    
  8.5.1 Academic & Research Institutes  
  8.5.2 Diagnostic Centers   
       
9 Global Topical Drug Delivery Market, By Type  
 9.1 Introduction    
 9.2 Hard & Rigid Braces    
 9.3 Hinged Braces    
 9.4 Soft & Elastic Braces    
       
10 Global Topical Drug Delivery Market, By Geography  
 10.1 Introduction    
 10.2 North America    
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina    
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America  
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia   
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa  
       
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch    
 11.4 Expansions    
 11.5 Other Key Strategies    
       
12 Company Profiling     
 12.1 Teligent Pharma     
 12.2 Almirall, S.A     
 12.3 Perrigo Pharma    
 12.4 Novartis AG    
 12.5 Bayer AG     
 12.6 Mylan     
 12.7 Merck & Co    
 12.8 LEO Pharma    
 12.9 Johnson & Johnson    
 12.10 Agile Therapeutics Inc.   
 12.11 Cipla Ltd     
 12.12 GlaxoSmithKline    
 12.13 Encore Dermatology, Inc.   
 12.14 Crescita Therapeutics Inc.   
 12.15 Taro Pharmaceutical Industries Ltd  
 12.16 Bausch Health Companies   
 12.17 Glenmark Pharmaceuticals   
 12.18 Aclaris Therapeutics, Inc.   


List of Tables      
1 Global Topical Drug Delivery Market Outlook, By Region (2020-2028) ($MN)
2 Global Topical Drug Delivery Market Outlook, By Route of Administration (2020-2028) ($MN)
3 Global Topical Drug Delivery Market Outlook, By Vaginal Drug Delivery (2020-2028) ($MN)
4 Global Topical Drug Delivery Market Outlook, By Rectal Drug Delivery (2020-2028) ($MN)
5 Global Topical Drug Delivery Market Outlook, By Ophthalmic Drug Delivery (2020-2028) ($MN)
6 Global Topical Drug Delivery Market Outlook, By Nasal Drug Delivery (2020-2028) ($MN)
7 Global Topical Drug Delivery Market Outlook, By Dermal Drug Delivery (Skin) (2020-2028) ($MN)
8 Global Topical Drug Delivery Market Outlook, By Product (2020-2028) ($MN)
9 Global Topical Drug Delivery Market Outlook, By Liquid Formulations (2020-2028) ($MN)
10 Global Topical Drug Delivery Market Outlook, By Suspensions (2020-2028) ($MN)
11 Global Topical Drug Delivery Market Outlook, By Solutions (2020-2028) ($MN)
12 Global Topical Drug Delivery Market Outlook, By Solid Formulations (2020-2028) ($MN)
13 Global Topical Drug Delivery Market Outlook, By Suppositories (2020-2028) ($MN)
14 Global Topical Drug Delivery Market Outlook, By Powders (2020-2028) ($MN)
15 Global Topical Drug Delivery Market Outlook, By Devices (Transdermal Drug Delivery) (2020-2028) ($MN)
16 Global Topical Drug Delivery Market Outlook, By Transdermal Semi-solids (2020-2028) ($MN)
17 Global Topical Drug Delivery Market Outlook, By Transdermal Patches (2020-2028) ($MN)
18 Global Topical Drug Delivery Market Outlook, By Inhaler (2020-2028) ($MN)
19 Global Topical Drug Delivery Market Outlook, By Semi-Solid Formulations (2020-2028) ($MN)
20 Global Topical Drug Delivery Market Outlook, By Pastes (2020-2028) ($MN)
21 Global Topical Drug Delivery Market Outlook, By Ointments (2020-2028) ($MN)
22 Global Topical Drug Delivery Market Outlook, By Lotions (2020-2028) ($MN)
23 Global Topical Drug Delivery Market Outlook, By Gels (2020-2028) ($MN)
24 Global Topical Drug Delivery Market Outlook, By Creams (2020-2028) ($MN)
25 Global Topical Drug Delivery Market Outlook, By Distribution Channel  (2020-2028) ($MN)
26 Global Topical Drug Delivery Market Outlook, By Retail (2020-2028) ($MN)
27 Global Topical Drug Delivery Market Outlook, By Offline (2020-2028) ($MN)
28 Global Topical Drug Delivery Market Outlook, By Online (2020-2028) ($MN)
29 Global Topical Drug Delivery Market Outlook, By Direct Tenders (2020-2028) ($MN)
30 Global Topical Drug Delivery Market Outlook, By Facility of Use (2020-2028) ($MN)
31 Global Topical Drug Delivery Market Outlook, By Hospitals & Private Clinics (2020-2028) ($MN)
32 Global Topical Drug Delivery Market Outlook, By Home Care Settings (2020-2028) ($MN)
33 Global Topical Drug Delivery Market Outlook, By Burn Centers (2020-2028) ($MN)
34 Global Topical Drug Delivery Market Outlook, By Other Facilities (2020-2028) ($MN)
35 Global Topical Drug Delivery Market Outlook, By Academic & Research Institutes (2020-2028) ($MN)
36 Global Topical Drug Delivery Market Outlook, By Diagnostic Centers (2020-2028) ($MN)
37 Global Topical Drug Delivery Market Outlook, By Type (2020-2028) ($MN)
38 Global Topical Drug Delivery Market Outlook, By Hard & Rigid Braces (2020-2028) ($MN)
39 Global Topical Drug Delivery Market Outlook, By Hinged Braces (2020-2028) ($MN)
40 Global Topical Drug Delivery Market Outlook, By Soft & Elastic Braces (2020-2028) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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