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Topical Drug Delivery Strategic Business Report 2024

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Topical Drug Delivery Market

Topical Drug Delivery Market
Topical Drug Delivery Market

Dublin, December 3, 2024 (GLOBE NEWSWIRE) — The “Topical Drug Delivery – Global Strategic Business Report” has been supplemented ResearchAndMarkets.com Offer.

The global topical drug delivery market was valued at $138.1 billion in 2023 and is expected to reach $197 billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

The growth of the topical drug delivery market is driven by several factors, including increasing prevalence of skin diseases, advances in formulation technology, and increasing demand for non-invasive treatments. Innovations such as advanced transdermal patches, improved permeation enhancers, and bioadhesive gels have expanded the applications of topical drug delivery across all medical fields.

The focus on improving patient adherence, reducing systemic side effects and offering convenient treatment options has further fueled demand as topical drug delivery offers effective solutions for localized therapy. Additionally, the growing geriatric population, expansion of home health services, and growing awareness of dermatological diseases have contributed to market growth and promoted wider adoption across healthcare facilities.

Scope of the study

The report analyzes the topical drug delivery market presented in terms of market value (US$ million). The analysis covers the key segments listed below:

Segments

  • Product (semi-solid formulations, liquid formulations, solid formulations, transdermal products)

  • Route of administration (dermal drug delivery, nasal drug delivery, ophthalmic drug delivery, rectal drug delivery, vaginal drug delivery)

  • End use (home care facilities, hospitals and clinics, burn centers, other end uses)

Key Takeaways:

  • Market Growth: Understand the significant growth trajectory of the semi-solid formulations segment which is expected to reach $76.7 billion by 2030 at a CAGR of 5.3%. The Liquid Formulations segment is also expected to grow at a CAGR of 4.8% during the analysis period.

  • Regional Analysis: Get insights into the US market, estimated at $37.5 billion in 2023, and China, which will see impressive 4.8% annual growth to $30.8 billion by 2030. Dollar is forecast. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.

Why you should buy this report:

  • Detailed Market Analysis: Access a comprehensive analysis of the global topical drug delivery market, covering all major geographical regions and market segments.

  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of key players in different regions.

  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the global topical drug delivery market.

  • Actionable insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

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