USD 207.85 billion
Topical Drug Delivery Market Size, Share, Growth Analysis, By Product (Semi-Solid Formulations, Liquid Formulations), By Route of Administration (Dermal Drug Delivery, Ophthalmic Drug Delivery), By Facility of Use (Homecare Settings, Hospitals & Clinics), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35D2106 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Topical Drug Delivery Market Insights
Topical Drug Delivery Market size was valued at USD 109.29 Billion in 2023 and is poised to grow from USD 116.61 Billion in 2024 to USD 195.91 Billion by 2032, growing at a CAGR of 6.70% during the forecast period (2025-2032).
The global topical drug delivery market has experienced significant growth in recent years and is expected to continue expanding at a steady pace. Conditions like acne, psoriasis, eczema, and dermatitis require effective and targeted drug delivery to the affected areas. The rising incidence of these skin ailments, coupled with the growing demand for improved treatment options, has fueled the adoption of topical drug delivery systems. Moreover, the ageing population worldwide has contributed to the market expansion. As individuals age, the prevalence of chronic conditions such as arthritis, neuropathic pain, and diabetic ulcers increases. Topical drug delivery offers a non-invasive and convenient approach for managing these conditions, promoting wound healing, and providing pain relief. The elderly population's rising healthcare needs have driven the demand for advanced topical drug delivery systems. Topical drug delivery plays a crucial role in delivering active ingredients, such as retinoids and hyaluronic acid, to enhance skin appearance and combat ageing signs. The growing popularity of cosmetic dermatology has fueled the development and adoption of innovative topical drug delivery technologies.
US Topical Drug Delivery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Oral Drug Delivery
Fastest Growth
Oral Drug Delivery
Growth Rate
9.1% CAGR
Global Topical Drug Delivery By Country ($ Bn)
Country Share for North America Region (%)
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Topical Drug Delivery Market Segmental Analysis
Global Topical Drug Delivery Market is segmented by product, route of administration, facility of use and region. Based on product, the market is segmented into semi-solid formulations, liquid formulations, solid formulations and transdermal products. Based on route of administration, the market is segmented into dermal drug delivery, ophthalmic drug delivery, vaginal drug delivery, rectal drug delivery and nasal drug delivery. Based on facility of use, the market is segmented into homecare settings, hospitals & clinics, burn centers and other facilities. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Topical Drug Delivery Market Analysis by Type
Oral drug delivery is the most dominant type in the global drug delivery market. It involves the administration of medications through the oral route, such as tablets, capsules, liquids, and powders. Oral drug delivery is favoured due to its convenience, ease of administration, and patient compliance. It is a widely used method for delivering a variety of drugs, including over-the-counter medications, prescription drugs, and vitamins. The oral drug delivery market is driven by factors such as a large patient population, extensive use of oral formulations, and advancements in drug formulation technologies.
On the other hand, injectable drug delivery is the fastest growing type in the global drug delivery market. Injectable drug delivery involves the administration of medications through injections, such as intravenous (IV), intramuscular (IM), and subcutaneous (SC) injections. Injectable drug delivery offers advantages such as rapid drug action, accurate dosing, and high bioavailability. It is commonly used for delivering biologics, complex formulations, and drugs that require controlled release or direct access to the bloodstream. The injectable drug delivery market is experiencing rapid growth due to advancements in drug delivery systems, increasing prevalence of chronic diseases, and a growing demand for targeted therapies.
Topical Drug Delivery Market Analysis by Application
In the global topical drug delivery market, among the mentioned therapeutic areas, the dominant segment is cardiovascular diseases. Cardiovascular diseases, including conditions such as hypertension, coronary artery disease, and heart failure, are a leading cause of morbidity and mortality worldwide. Topical drug delivery systems have gained traction in the treatment of cardiovascular diseases, offering localised drug delivery and improved patient compliance. The dominant position of cardiovascular diseases in the topical drug delivery market is attributed to the high prevalence of these conditions and the need for effective and convenient treatment options.
On the other hand, the fastest-growing segment in the global topical drug delivery market is oncology. Oncology refers to the branch of medicine dedicated to the diagnosis, treatment, and prevention of cancer. Topical drug delivery in oncology holds promise for localised treatment of skin cancers, such as basal cell carcinoma and melanoma. Additionally, topical formulations are being explored for the management of certain solid tumours. The growing incidence of cancer globally, coupled with advancements in topical drug delivery technologies, is driving the rapid growth of the oncology segment in the market.
Global Topical Drug Delivery By Type
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Topical Drug Delivery Market Regional Insights
In the global topical drug delivery market share, the most dominant region is North America. North America has a well-established healthcare infrastructure, advanced research facilities, and a high prevalence of chronic diseases, driving the demand for topical drug delivery systems. The region is characterised by a strong presence of pharmaceutical companies and extensive R&D activities focused on innovative drug delivery technologies. Additionally, favourable government initiatives, robust reimbursement policies, and a high adoption rate of advanced healthcare technologies contribute to the dominance of North America in the global topical drug delivery market.
On the other hand, the fastest-growing region in the global topical drug delivery market share is Asia-Pacific. The region is witnessing rapid economic growth, increasing healthcare expenditure, and a rising geriatric population. Countries such as China, India, and Japan are experiencing a significant increase in the prevalence of chronic diseases and a growing demand for advanced healthcare solutions. Moreover, the increasing focus on personalised medicine and the adoption of novel drug delivery technologies are driving the growth of the topical drug delivery market in the Asia-Pacific region. Additionally, advancements in healthcare infrastructure, improving regulatory frameworks, and expanding healthcare access in rural areas contribute to the region's fast-paced growth in the market.
Global Topical Drug Delivery By Geography
- Largest
- Fastest
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Topical Drug Delivery Market Dynamics
Topical Drug Delivery Market Drivers
Convenience and Non-Invasiveness
- Topical drug delivery offers a convenient and non-invasive method of administering medications, eliminating the requirement for injections or oral medications. This feature is particularly advantageous for patients who may have a fear of needles or prefer a more comfortable and hassle-free approach. The use of topical formulations enhances treatment adherence and overall patient experience, making it a preferred option, especially for children and individuals with needle phobia.
Topical Drug Delivery Market Restraints
Formulation Challenges
- The development of stable and effective topical formulations can present significant challenges. Various factors, including drug solubility, stability, compatibility with excipients, and achieving the desired release profile, contribute to the complexity of formulation development. These formulation challenges can impact the availability and commercial viability of topical drug products, as the formulation must meet stringent quality standards and regulatory requirements while ensuring optimal therapeutic efficacy.
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Topical Drug Delivery Market Competitive Landscape
The global topical drug delivery market is characterised by intense competition and a wide range of market players. This market segment encompasses the development and delivery of pharmaceutical products through topical routes, such as creams, gels, ointments, patches, and sprays, for local or systemic treatment of various diseases and conditions.
The competitive landscape of the global topical drug delivery market is marked by the presence of both established pharmaceutical companies and emerging players. Established companies have a strong foothold in the market due to their extensive product portfolios, wide distribution networks, and established brand recognition. These companies leverage their experience, resources, and research capabilities to develop innovative topical drug delivery systems and expand their market presence.
Topical Drug Delivery Market Top Player’s Company Profiles
- Glenmark Pharmaceuticals Ltd. (India)
- Galderma (Switzerland)
- Johnson & Johnson Private Limited (US)
- GlaxoSmithKline Plc. (UK)
- Bausch Health Companies Inc. (Canada)
- Hisamitsu Pharmaceuticals Inc. (Japan)
- Cipla (India)
- Bayer AG (Germany)
- Viatris Inc. (Mylan N.V.) (US)
- 3M (US)
- Merck & Co., Inc. (Germany)
- Crescita Therapeutics Inc. (Canada)
- Novartis International AG (Switzerland)
- Boehringer Ingelheim International GmbH (Germany)
- Pfizer Inc. (US)
- Teva Pharmaceuticals Industries Ltd. (Israel)
- Bristol Myers Squibb (US)
- Lead Chemical Co., Ltd. (Japan)
- Purdue Pharma L.P. (US)
- Lavipharm (Greece)
Topical Drug Delivery Market Recent Developments
- In February 2022, Galderma and Taro Pharmaceutical Industries Ltd. announced a definitive agreement for Taro to acquire Alchemee, which is formerly The Proactiv Company, from Galderma. This agreement will add Proactiv to Taro's broad portfolio of prescription and over-the-counter dermatology products.
- In February 2023, Coria Health announced the launch of its new topical drug delivery platform, Coria-TD. Coria-TD is a microneedle patch that can be used to deliver drugs to the skin in a targeted and controlled manner.
- In March 2023, Akari Therapeutics plc announced the launch of its new topical drug delivery product, AkariQure. AkariQure is a gel that can be used to treat psoriasis and other skin conditions.
- In April 2023, Innoplexus AG announced the launch of its new topical drug delivery platform, Innoplexus-TD. Innoplexus-TD is a nanoemulsion that can be used to deliver drugs to the skin in a targeted and controlled manner.
- In May 2023, Transdermal Delivery Sciences Inc. announced the launch of its new topical drug delivery product, TD-04. TD-04 is a patch that can be used to deliver drugs to the skin in a targeted and controlled manner.
Topical Drug Delivery Key Market Trends
Skin Issues among the Aging Population:
- The market is driven by the increasing prevalence of skin diseases, the rising ageing population, and the growing demand for non-invasive drug delivery methods. The development of new topical drug delivery technologies, such as microneedles and nanocarriers, is also expected to boost the market growth. However, the high cost of topical drug delivery products and the stringent regulatory requirements could restrain the market growth.
Topical Drug Delivery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global topical drug delivery analysis, the rising incidence of conditions such as acne, psoriasis, and eczema has fueled the need for targeted and localised drug delivery methods. Topical drug delivery offers several advantages, including direct application to the affected area, reduced systemic side effects, and improved patient compliance. Innovations such as nanotechnology, transdermal patches, and novel drug delivery systems are revolutionising the field. Nanotechnology enables the development of nanoparticles and nanoemulsions that enhance the permeation and efficacy of drugs. Transdermal patches provide a convenient and controlled release of drugs, making them suitable for long-term therapy. These advancements in technology are driving the market growth by improving drug delivery efficiency and patient experience.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 207.85 billion |
| Market size value in 2031 | USD 455.17 billion |
| Growth Rate | 9.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Topical Drug Delivery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Topical Drug Delivery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Topical Drug Delivery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Topical Drug Delivery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Topical Drug Delivery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Topical Drug Delivery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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