Global Topical Drug Delivery Market to Reach $125.88 Billion by 2021: High Incidence of Burn Injuries, Rising Geriatric Population & Increasing Incidence of Diabetes - Research and Markets
DUBLIN, Apr. 05, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Topical Drug Delivery Market by Product Type, Route of Administration - Global Forecast to 2021" report to their offering.
The topical drug delivery market is expected to reach USD 125.88 Billion by 2021 from USD 92.40 Billion in 2016 at a CAGR of 6.4% during the forecast period. Major factors driving the growth of this market are the high incidence of burn injuries, rising geriatric population, and increasing incidence of diabetes.
The market is segmented based on product type, route of administration, facility of use, and regions. On the basis of product type, the market is segmented into formulations and devices (transdermal drug delivery). Transdermal drug delivery is expected to offer lucrative growth opportunities and represents a new revenue pocket for market players. This is because transdermal drug delivery offers enhanced therapeutic efficiency and helps maintain a steady plasma level of the drug.
On the basis of route of administration, the market is segmented into skin, ophthalmic, rectal, vaginal, and nasal routes. Considering the high incidence of skin diseases, high demand for self-administration, and the increasing number of product approvals for skin-related drug delivery systems, the market for topical drugs administered through the skin is expected to register the highest CAGR during the forecast period.
Based on facility of use, the topical drug delivery market is categorized into hospitals and private clinics, health care settings, and other facilities of use such as research institutes and diagnostic centers. The hospitals and private clinics segment is expected to be the major end-user in the market.
Companies Mentioned
- 3M Drug Delivery Systems
- Bayer AG
- Cipla
- Crescita Therapeutics Inc.
- Galderma S.A.
- Glaxosmithkline PLC
- Janssen Global Services
- Medpharm
- Novartis AG
- Valeant Pharmaceuticals International, Inc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Topical Drug Delivery Market, By Product Type
7 Topical Drug Delivery Market, By Route of Administration
8 Topical Drug Delivery Market, By Facility of Use
9 Topical Drug Delivery Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/sx5vvd/topical_drug
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