What is the global market size of Topical Drugs Market?

Global Topical Drugs Market size was valued at USD 97.42 Billion in 2021 and is poised to grow from USD 107.26 Billion in 2022 to USD 231.60 Billion by 2030, at a CAGR of 10.1% during the forecast period (2023-2030).

What is the key driver of Global Topical Drugs Market?

One predominant key driving force of the topical tablets marketplace is the getting older populace. As the worldwide population keeps aging, there's a growing demand for skin care and dermatological treatments to cope with age-associated skin issues. Additionally, expanded focus approximately on pores and skin health and the preference for youthful appearances are motivating purchasers to try to find topical answers, using market increase.

Topical Drugs Market Size, Share, Growth Analysis, By Type(Semi-solid, Liquid), By Route of administration(Dermal, Ophthalmic), By End-user(Burn Centers, Hospitals & Clinics), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35I2309 | Region: Global | Published Date: February, 2024
Pages: 219 | Tables: 87 | Figures: 76

Topical Drugs Market Regional Insights

North America presently dominates the global topical drugs marketplace. This dominance may be attributed to several elements, including a well-mounted healthcare infrastructure, high consumer awareness about skincare, and a strong pharmaceutical enterprise. Additionally, a sturdy emphasis on research and development, together with the presence of main pharmaceutical businesses inside the region, contributes to North America's management in this marketplace.

However, the Asia Pacific area is experiencing the quickest growth inside the international topical tablets market. This boom is broadly speaking pushed via a growing populace, increasing disposable income, and expanding right of entry to healthcare offerings in countries like China and India. Moreover, the developing occurrence of dermatological situations and the increasing adoption of Western skincare practices are fueling the call for topical pills inside the Asia Pacific region. Additionally, a surge in pharmaceutical production and partnerships with global pharmaceutical groups are further propelling an increase in this region.

Topical Drugs Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Topical Drug Delivery Market size was valued at USD 204.6 billion in 2022 and is poised to grow from USD 222.2 billion in 2023 to USD 429.9 billion by 2031, growing at a CAGR of 8.6% in the forecast period (2024-2031).

The aggressive landscape in the international topical tablets marketplace is marked by means of a diverse array of pharmaceutical organizations and producers striving to fulfill the developing demand for skin care and dermatological answers. These enterprise players have interaction in widespread studies and development efforts to formulate progressive topical treatments. 'Bayer AG (Germany)', 'Cipla Inc. (India)', 'Galderma S.A. (Switzerland)', 'GSK Group of Companies (UK)', 'Johnson & Johnson Private Ltd. (US)', 'Novartis AG (Switzerland)', 'Amgen Inc. (US)', 'Bausch Health Companies Inc. (Canada)', 'Astellas Pharma Inc. (Japan)', 'Hisamitsu Pharmaceuticals Co. Inc. (Japan)', 'Merck & Co., Inc. (US)', 'LEO Pharma A/S (Denmark)', 'Takeda Pharmaceutical Company Limited (Japan)', 'Glenmark Pharmaceuticals Ltd. (India)', 'Eli Lilly and Company (US)', 'MedPharm Ltd. (UK)', 'AbbVie Inc. (US)', 'Sun Pharmaceutical Industries Ltd. (India)', 'Pfizer Inc. (US)', 'Fresenius SE & Co. KGaA (Germany)'

Rise of Telemedicine and E-Pharmacies: Telemedicine platforms have been gaining traction all over the world owing to their convenience and effectiveness, especially in the field of dermatology. The growing need for contactless healthcare, improved access to healthcare, and rising preference for online purchase of medications are factors that are driving the demand for topical drugs through e-pharmacies and telemedicine platforms over the coming years.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Topical Drugs Market Size, Share, Growth Analysis, By Type(Semi-solid, Liquid), By Route of administration(Dermal, Ophthalmic), By End-user(Burn Centers, Hospitals & Clinics), By Region - Industry Forecast 2025-2032

Topical Drugs Market Regional Insights

Topical Drugs Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Topical Drugs Market?

Who are the key vendors in the Topical Drugs Market?

What is the key driver of Topical Drugs Market?

What is the key market trend for Topical Drugs Market?

Which region accounted for the largest share in Topical Drugs Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300