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Market Size in USD Billion
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USD 41.50 Billion |
| USD 79.71 Billion | |
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U.S. Rx Dermatology Topical Drug Delivery Market, By Product Type (Semi-Solid, Liquid, Solid), Drug Class (Topical Corticosteroids, Anti-Septic, Anti-Acne, Anti-Inflammatory, Anti-Bacterial, Anti-Fungal, Antihistamines, Erythromycin, Wound Healing Agents, Others), Application (Atopic Dermatitis, Hyperpigmentation, Skin Cancer, Onychomycosis, Hidradenitis Suppurativa, Others), Category (Branded, Generic), Distribution Channel (Retail Pharmacy & Drug Store, Hospital Pharmacy, Online Pharmacy, Others) – Industry Trends and Forecast to 2030.
The increase in occurrences of burn injuries all over the world acts as one of the primary factors boosting the growth of Rx dermatology topical drug delivery market. It has been observed that transdermal products are estimated to witness huge growth rate during the forecast period 2023-2030. Rising incidence of skin diseases such as acne vulgaris has pushed the market to a great extent.
Data Bridge Market Research analyses a growth rate in the Rx dermatology topical drug delivery market in the forecast period 2023-2030. The expected CAGR of Rx dermatology topical drug delivery market is tend to be around 8.50% in the mentioned forecast period. The market was valued at USD 41.5 billion in 2022, and it would grow upto USD 79.71 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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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 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Semi-Solid, Liquid, Solid), Drug Class (Topical Corticosteroids, Anti-Septic, Anti-Acne, Anti-Inflammatory, Anti-Bacterial, Anti-Fungal, Antihistamines, Erythromycin, Wound Healing Agents, Others), Application (Atopic Dermatitis, Hyperpigmentation, Skin Cancer, Onychomycosis, Hidradenitis Suppurativa, Others), Category (Branded, Generic), Distribution Channel (Retail Pharmacy & Drug Store, Hospital Pharmacy, Online Pharmacy, Others)
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Market Players Covered
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Agouron Pharmaceuticals, LLC (U.S.), AHP Holdings B.V. (Netherlands), Alacer Corp. (U.S.), Alpharma Pharmaceuticals LLC (U.S.), Bioren, LLC (U.S.) and G. D. Searle & Co. Limited (U.K.) Hikma Pharmaceuticals PLC (U.K.), Mylan N.V. (U.S.), Pfizer Inc.(U.S.), Fresenius Kabi AG (Germany), F. Hoffmann-La Roche Ltd. (Switzerland)
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Market Opportunities
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Market Definition
The Rx dermatology topical drug delivery is the type of topical drug delivery of a medication which is applied to a particular place on, or in the body. Bacterial and fungal infections, psoriasis, hair, skin, acne, inflammations, and skin problems are the type of indications it deals with. Topical drugs play an essential role in treating dermatologic diseases and comprise a large percentage of products in the drug sector.
Drivers
According to the study conducted by Value in Health journal, about 12,946 people in U.S. witnessed with complex burn injuries. Likewise, according to the report from National Fire Protection Association, local fire departments responded to about 1.4 million fire incidences in the U.S. Furthermore, home fires were witnessed every year and above 450,000 serious burn injuries are recorded in the U.S. alone as per American Burn Association. All these factors also contribute to the growth of the marketa as the demand for topical drug delivery is rising. Thus, this boost the growth of the treatment market.
The rising frequency of skin cancer and other related skin disorders or other skin issues such as acne, vitiligo, and dermatosis combined with the increasing demand of effective drugs are the most prominent factors boosting the growth for this market. Additionally, fungal infection and acne were more incident in the adolescent age group, accounting for about 17.4% and 30.4%, respectively. About 84.5 million Americans, one in four, were largely impacted by skin disease. It has been seen that acne is the most common skin condition in the U.S., affecting more than 50 million Americans each year. Acne typically begins in puberty and affects numerous adolescents and young adults. According to the records of the World Psoriasis Day consortium, about 125 million people globally which means that 2 to 3% of the total population suffer from psoriasis. Thus, this boosts the market growth.
Opportunities
Huge advancements in medicinal and pharmacy therapeutics associated with skin and burn accidents are pushing the market. For instance, Biofrontera AG has received U.S. Food and Drug Administration for acclerating the batch production of Ameluz to 35 kg from 7 kg in past years in January. Biofrontera AG has also got approval from the European Medicines Agency (EMA). This fivefold increase in the production of Ameluz benefits Biofrontera AG to meet the increasing requirement for Ameluz globally. Therefore, these factors are anticipated to fuel the market during the forecast period 2023-2030.
Restraints/Challenges
Numerous side-effects are related to the disease, such as nausea, dizziness, or headache. Also, stinging, irritation, burning, dryness, or redness at the application site may occur. Thus, these factors restrict the market growth.
This Rx dermatology topical drug delivery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Rx dermatology topical drug delivery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The Rx dermatology topical drug delivery market is segmented on the basis of product type, drug class, application, category, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Drug Class
Application
Category
End User
Distribution Channel
The Rx dermatology topical drug delivery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, U.S. presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Rx dermatology topical drug delivery market.
Key players operating in the Rx dermatology topical drug delivery market include:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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