The global demand for Topical Excipients Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Topical excipients are innovative ingredients that enhance the efficacy and patient perception of topical pharmaceuticals. These excipients are used as drug delivery systems, skin penetration enhancers, solubilizers, emulsifiers, and emollients. Excipients should be strictly non-toxic and are mostly biologically inert or inactive. The choice of the excipient used in topical medication design is based on the rate and site of drug delivery, stability/target shelf life, packaging, storage temperature, appearance, target patient population, and palatability. There are various age-specific topical excipients, which, when inappropriately used, can lead to adverse effects.
The significant growth witnessed in the use of topical drug delivery methods because of its ability to surpass the stomach and liver metabolism pathways will be the key driver for developing this market. The growing demand for topical drugs to treat various skin infections caused by bacteria, viruses, and fungus among all age groups will boost the market growth. The cost-effectiveness and feasibility of these excipients will benefit market growth. Adopting topical drugs to treat various medical conditions will reduce hospital congestion and improve healthcare services to patients. The main factors hampering market growth are the insoluble/nonbinding nature of few excipients and the ineffectiveness of topical drugs in treating several medical conditions.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of topical excipients.
The entire topical excipients market has been sub-categorized into drug delivery system, ingredients include and end-users. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Drug Delivery System
By Ingredients Include
By End Users
- Suppository Bases
- Emollients and Moisturisers
- Oils, Fats and Waxes
- Stability Enhancers
- Pharmaceutical and Biotechnology Industry
- Academic/ Research Labs
This section covers regional segmentation which accentuates on current and future demand for topical excipients market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Topical Excipients Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the topical excipients market include Gattefosse Pharmaceutical, Dow Corning®, Azelis, BASF SE, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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