According to the
new research study, Global Topical Drug Market accounted to USD 120.2 billion
in 2016 growing at a CAGR of 6.8% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic years 2015, the base year
of calculation is 2016 and the forecast period is 2017 to 2024.
Report Definition:
Topical drugs
are used for topical medication and are applied on the body surface. The
topical drugs are in the form of creams, foams, gels, lotions, and ointments.
Global
Topical Drug Market, By Product Type (Liquid (Solutions, Suspensions),
Semi-solid (Cream, Gel, Ointment, Paste, Lotion), Solid (Suppositories,
Powders)), By Disease (Dermatology, Ophthalmology, Rectal, Genecology,
Respiratory) By End User (Hospitals, Clinics, Ambulatory Center), By Geography
(North America, Europe, Asia-Pacific, Europe, South America, Middle East and
Africa)” – Industry Trends and Forecast to 2024
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Report
Drivers and Restraints:
·
Increasing prevalence of skin
diseases
·
R&D investments by
pharmaceutical companies
·
Increased demand of painless
treatment
·
Stringent government regulation
·
Various instances of product
recalls
Scope of the Report:
By technology the market
for topical drug is segmented into liquid, semi-solid, solid. The liquid
segment is sub-segmented into solutions, suspensions.
By disease the topical drug market is segmented into
dermatology, ophthalmology, rectal, genecology, respiratory.
On the basis of end-users
the topical drug market is segmented into hospitals, clinics, ambulatory
center.
On the basis of geography, topical drug
market report covers data points for 28 countries across multiple geographies
such as North America & South America, Europe, Asia-Pacific, and Middle
East & Africa. Some of the major countries covered in this report are U.S.,
Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China,
India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa,
and Brazil among others. In 2017, North America is expected to dominate the
market.
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Competitive Analysis:
The global
topical drug market is highly fragmented and is based on new product
launches and clinical results of products. Hence the major players have used
various strategies such as new product launches, clinical trials, market
initiatives, high expense on research and development, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints
in this market. The report includes market shares of topical drug market for
global, Europe, North America, Asia Pacific and South America.
Top Key Competitors:
Some of the
major players operating in topical drug market are:
·
Glaxosmithkline PLC
·
Johnson & Johnson
·
Novartis AG
·
Galderma S.A.
·
Valeant Pharmaceuticals International, Inc.
·
Bayer AG
·
3M Drug Delivery Systems
·
Crescita Therapeutics Inc.
·
Medpharm
·
Cipla among others.
Read more about the Global Topical Drug
Market visit @ http://databridgemarketresearch.com/reports/global-topical-drug-market/
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