North America Topical Drug Delivery Market, Product Type (Drug Delivery Formulations and Drug Delivery Devices), Delivery Techniques (Ionotophoresis, Sonophoresis, Laser Ablation, Radio Frequency Ablation, Magnetophoresis, Electroporation And Others), Type (Cleansing Agents, Protective Agents, Moisturizing Agents, Drying Agents, Anti-Itch Agents, Anti-Inflammatory Agents, Anti-Infective Agents, Keratolytics, and Others), Generation (First Generation Transdermal Delivery Systems, Second Generation Transdermal Delivery Systems and Third Generation Transdermal Delivery Systems), Mode of Purchase (Prescription and Over The Counter), Indication (Dermatological Disorders, Ophthalmic Disorders, Pain Management, Neurosurgical Disorders, Hormonal Therapy, Smoking Cessation and Others), Route of Administration (Dermal, Ophthalmic, Rectal, Vaginal, Nasal and Others), End User (Hospitals, Specialty Centers, Home Healthcare, and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, and Others) - Industry Trends and Forecast to 2030.
North America Topical Drug Delivery Market Analysis and Insights
North America topical drug delivery market is increasing with the rising prevalence of skin disorders and ophthalmic disorders in North America. Further, rising spending on healthcare and growing awareness for diagnostics and skin disease treatment are also contributing to market value growth. Thus. Increasing the demand for dermatology prescription-based drugs. Increasing research and development in topical drug delivery is creating new opportunities in the topical drug delivery market.
Data Bridge Market Research analyzes that the North America topical drug delivery market is expected to reach the value of USD 80,484.97 million by 2030, at a CAGR of 6.8% during the forecast period Increasing the demand for dermatology prescription-based drugs. Increasing research and development in topical drug delivery is creating new opportunities in the topical drug delivery market. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020-2015)
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Quantitative Units
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Revenue in Million, Pricing in USD
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Segments Covered
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Product Type (Drug Delivery Formulations and Drug Delivery Devices), Delivery Techniques (Ionotophoresis, Sonophoresis, Laser Ablation, Radio Frequency Ablation, Magnetophoresis, Electroporation And Others), Type (Cleansing Agents, Protective Agents, Moisturizing Agents, Drying Agents, Anti-Itch Agents, Anti-Inflammatory Agents, Anti-Infective Agents, Keratolytics, and Others), Generation (First Generation Transdermal Delivery Systems, Second Generation Transdermal Delivery Systems and Third Generation Transdermal Delivery Systems), Mode of Purchase (Prescription and Over The Counter), Indication (Dermatological Disorders, Ophthalmic Disorders, Pain Management, Neurosurgical Disorders, Hormonal Therapy, Smoking Cessation and Others), Route of Administration (Dermal, Ophthalmic, Rectal, Vaginal, Nasal and Others), End User (Hospitals, Specialty Centers, Home Healthcare, and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, and Others)
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Countries Covered
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U.S., Canada, Mexico
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Market Players Covered
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CRESCITA THERAPEUTICS INC., Cipla Inc., Glenmark, Bausch Health Companies, Inc., Merck & Co., Inc., Novartis AG, Bayer AG, Hisamitsu Pharmaceutical Co., Inc., Pfizer Inc., Viatris Inc., NITTO DENKO CORPORATION, LTS Lohmann Therapy Systems AG, Procter & Gamble, ANI Pharmaceuticals, Inc., Corium, Inc., Medherant Limited., Purdue Pharmaceuticals L.P., AbbVie Inc., GSK plc., 3M., Agile Therapeutics, Tapemark, tesa Labtec GmbH, Noven Pharmaceuticals, Inc. among others
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Market Definition
Topical drug delivery is considered one of the most effective methods due to its optimal therapeutic benefits. The desired therapeutic effect and unwanted side effect of a drug are both determined by the concentration of the drug at the site of action. The concentration of the drug is determined by the dosage form and absorption of the drug at the site of action. The growth of this market is attributed to the rising prevalence of diabetes, the growing number of burn cases, escalating prevalence of dermal diseases, and technological developments in topical drug delivery systems. In addition, the major consumers of topical drug delivery systems are specialty clinics and hospitals. Some other consumers include diagnostic centers and home care centers.
North America Topical Drug Delivery Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- HIGH PREVALENCE OF SKIN DISEASES
The prevalence of skin diseases is expanding at a quicker rate, and it is becoming a North America problem. The enormous burden of various skin diseases and conditions makes drug administration crucial. The increased prevalence of skin conditions positively impacts the North America topical drug delivery market. As a result, the market is estimated to show lucrative growth over the forecasted period. The increasing incidences of skin infections such as eczema, psoriasis, and minor ailments, including acne, are the most significant factors driving the growth of this market.
- RISING COMPANY ACTIVITIES IN DEVELOPING PRODUCTS AND INCREASING PRODUCT LAUNCHES
As various skin diseases are on the urge, the need for topical drugs is rapidly increasing. Various companies are taking initiatives to develop new products and launch them in the market. The dramatic rise in research quality and increasing research opportunities is because of various strategic initiatives the market players take. They are taking initiatives such as product launch, collaborations, mergers, acquisitions, and many more over the years and is expected to lead and create more opportunities in the market.
- HIGH INCIDENCE OF BURN INJURIES
Burns are tissue damage that results from heat, overexposure to the sun or other radiation, or chemical or electrical contact. Burns can be minor medical problems or life-threatening emergencies. High incidences of burn injuries are seen in various regions across the globe.
Restraints
continuous irritation on THE skin and allergies caused by topical drugs
Many topical formulations are available over the counter, including antibacterial and antifungal preparations, anti-inflammatory and pain relief preparations, and cleansing and moisturizing agents. Topical corticosteroids are used in many inflammatory rashes. However, in some cases, topical corticosteroid sensitivity produces allergic reactions.
Usually, this is seen as a failure to cure dermatitis or to worsen existing dermatitis treated with corticosteroids. Very rarely, corticosteroid allergy may appear as an eczematous rash in a completely different area of the body from original dermatitis.
Some topical antibodies may also cause contact allergies, such as bacitracin, which is used to prevent minor skin injuries such as cuts, scrapes, and burns. Benzocaine and salicylate are some active ingredients in topical formulations which causes allergies. These allergies caused by such drugs can be diagnosed by a patch test that can detect contact allergens.
discontinued product recalls in the u.s.
Product recall is the most common threat for any business or any market. It has a serious negative impact on the market, such as decreased market size and a decline in revenue for the company, among others. In the topical drugs market, various products are recalled due to some defect in batch or after getting banned by the FDA.
Opportunity
Extensive R&D activities in dermatology drugs
Rising R&D activities for developing innovative and highly efficient drugs are expected to boost market growth. There is a rising demand for therapies and a deeper understanding of disease pathways, genetic discoveries, antibody drug development, novel targets, advanced delivery technologies, and diagnostic technologies which can be utilized in translational research and clinic.
The increase in the burden of skin-related diseases with unmet medical needs has increased the demand for new innovative drugs for treating infectious skin diseases, pigmentation disorders, and inflammatory/autoimmune disorders, which has increased the research and development activities for dermatological drugs in order to bring new drugs to market.
Challenge
Stringent Regulation for product approval
Regulation of drugs and topical ointments plays a significant role in healthcare. Achieving the requisite approval for legal selling medical devices or medications in such jurisdictions can entail substantial financial expenditure, which could take months or years to complete. If these constraints are not understood or considered, delays can seriously jeopardize the likelihood of success in a highly competitive market. The biologics such as vaccines, blood and blood components, allergenic, somatic cells, gene therapy, tissues, and recombinant therapeutic proteins, among others, are of significant importance for treating various diseases. But their approval and marketing in multiple regions across North America require a meeting of stringent regulatory standards and acceptance by various regulatory bodies.
Post-COVID-19 Impact on North America Topical Drug Delivery Market
The pharmaceutical industry has been severely affected by the COVID-19 pandemic. Lockdowns imposed due to the epidemic have disrupted the supply of raw materials from manufacturing centers such as India and China. This slowed drug development and production, severely affecting companies that relied heavily on outsourcing. Initially, the entire pharmaceutical ecosystem was disrupted. In addition, regulatory agencies had to draft and draft new laws to ensure maximum patient safety after using drugs. After the shutdowns ended, the pharmaceutical industry gained steam, especially due to the demand for drugs such as hydroxychloroquine and Remdesivir, which showed positive results against COVID-19. The growing demand for these drugs boosted the turnover of some companies.
Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple R&D activities, product launches, and strategic partnerships to improve the technology in the topical drug delivery market.
Recent Developments
- In December 2022, GSK plc announced new 48-week data from the MOMENTUM phase III trial were released, showing that most patients treated with investigational momelotinib maintained their responses across critical clinical measures, such as the Total Symptom Score (TSS), Transfusion Independence (TI) rate, and Splenic Response Rate (SRR), in myelofibrosis patients who had previously received treatment with an approved Janus kinase (JAK) inhibitor. In addition, fresh MOMENTUM studies revealed that the TI response to momelotinib at week 24 was related to overall survival. This has helped the company to expand its business in the market
- In January 2022, Agile Therapeutics, Inc. (Nasdaq: AGRX), a women's healthcare company, announced a new alliance with Afaxys Pharma, LLC to promote Twirla (levonorgestrel and ethinyl estradiol) transdermal system. This has helped the company to increase its North America presence in the market
North America Topical Drug Delivery Market Scope
North America topical drug delivery market is segmented into product type, delivery technique, type, generation, mode of purchase, indication, route of administration, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
North America Topical Drug Delivery Market, By Product Type
- Drug Delivery Formulations
- Drug Delivery Devices
On the basis of product type, the North America laboratory hoods and enclosure market is segmented into drug delivery formulations and drug delivery devices.
North America Topical Drug Delivery Market, By Delivery Techniques
- Sonophoresis
- Electroporation
- Laser Ablation
- Ionotophoresis
- Radio Frequency Ablation
- Magnetophoresis
- Others
On the basis of delivery techniques, the North America laboratory hoods and enclosure market is segmented into ionotophoresis, sonophoresis, laser ablation, radio frequency ablation, magnetophoresis, electroporation and others.
North America Topical Drug Delivery Market, By Type
- Cleansing Agents
- Protective Agents
- Moisturizing Agents (Emollients)
- Drying Agents
- Anti-Itch Agents
- Anti-Inflammatory Agents
- Anti-Infective Agents
- Kerolytics
- Others
On the basis of type, the North America laboratory hoods and enclosure market is segmented into cleansing agents, protective agents, moisturizing agents, drying agents, anti-itch agents, anti-inflammatory agents, anti-infective agents, keratolytics, and others.
North America Topical Drug Delivery Market, By Generation
- First-Generation Transdermal Delivery Systems
- Second-Generation Transdermal Delivery Systems
- Third-Generation Transdermal Delivery Systems
On the basis of generation, the North America laboratory hoods and enclosure market is segmented into first generation transdermal delivery systems, second generation transdermal delivery systems and third generation transdermal delivery systems.
North America Topical Drug Delivery Market, By Mode of Purchase
- Prescription
- Over The Counter
On the basis of mode of purchase, the North America laboratory hoods and enclosure market is segmented into prescription and over the counter.
North America Topical Drug Delivery Market, By Indication
- Dermatological Disorders
- Ophthalmic Disorders
- Pain Management
- Neurological Disorders
- Hormonal Therapy
- Smoking Cessation
- Others
On the basis of indication, the North America laboratory hoods and enclosure market is segmented into dermatological disorders, ophthalmic disorders, pain management, neurosurgical disorders, hormonal therapy, smoking cessation and others.
North America Topical Drug Delivery Market, By Route Of Administration
- Dermal
- Ophthalmic
- Rectal
- Vaginal
- Nasal
- Others
On the basis of route of administration, the North America laboratory hoods and enclosure market is segmented into dermal, ophthalmic, rectal, vaginal, nasal and others.
North America Topical Drug Delivery Market, By End User
- Hospitals
- Home Healthcare
- Specialty Centers
- Others
On the basis of end user, the North America laboratory hoods and enclosure market is segmented into hospitals, specialty centers, home healthcare, and others.
North America Topical Drug Delivery Market, By Distribution Channel
- Hospitals Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
On the basis of distribution channel, the North America laboratory hoods and enclosure market is segmented into hospital pharmacy, retail pharmacy, online pharmacy, and others.
North America Topical Drug Delivery Market Regional Analysis/Insights
North America topical drug delivery market is analyzed, and market size information is provided product type, delivery technique, type, generation, mode of purchase, indication, route of administration, end user, and distribution channel.
Some countries covered in this market report are U.S., Canada, and Mexico.
North America is expected to dominate due to the presence of key market players in the largest consumer market with high GDP. The U.S is expected to grow due to the rise in technological advancement in Healthcare IT.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Topical Drug Delivery Market Share Analysis
North America topical drug delivery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus on the North America topical drug delivery market.
Some of the major players operating in the North America topical drug delivery market are CRESCITA THERAPEUTICS INC., Cipla Inc., Glenmark, Bausch Health Companies, Inc., Merck & Co., Inc., Novartis AG, Bayer AG, Hisamitsu Pharmaceutical Co., Inc., Pfizer Inc., Viatris Inc., NITTO DENKO CORPORATION, LTS Lohmann Therapy Systems AG, Procter & Gamble, ANI Pharmaceuticals, Inc., Corium, Inc., Medherant Limited., Purdue Pharmaceuticals L.P., AbbVie Inc., GSK plc., 3M., Agile Therapeutics, Tapemark, tesa Labtec GmbH, Noven Pharmaceuticals, Inc. among others.
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