Global Topical Drugs Market 2018-2022 | Use of the 3D Printing Technology to Boost Demand | Technavio

analysts forecast the global topical drugs market to grow at a CAGR of
close to 7% during the forecast period, according to their latest
market research report. However, the growth momentum of the market is
expected to decelerate due to a decline in the year-over-year growth.

The use of 3D printing technology is one of the major trends being
witnessed in the global
topical drugs market 2018-2022
. The 3D printing technology has a
lot of potential in the global topical drugs market. This technology
depends on computer-aided designs, which enhance the manufacturing
capability of pharmaceutical companies. The process involves the 3D
prototyping of layer-by-layer fabrication via computer-aided design
models to formulate drug materials into the desired dosage form.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global topical drugs market is the increase in the
prevalence of skin diseases:

Global topical drugs market: Increase in the
prevalence of skin diseases

The global topical drugs market is expected to grow during the forecast
period, owing to the increasing prevalence of skin diseases such as
psoriasis, rosacea, atopic dermatitis, and several bacterial and fungal
infections. According to CDC, each year in the US, at least two million
people are infected with bacteria that are resistant to antibiotics, and
at least 23,000 people die due to such infections.

According to a senior analyst at Technavio for research on infectious
and rare diseases, “The strong pipeline for different autoimmune skin
diseases such as drug-induced pemphigus, atopic dermatitis, systemic
lupus erythematosus, vitiligo, and psoriasis indicates the bright
prospects for the skin disease treatment market. There are more than 43
ongoing Phase III clinical trials for different skin diseases across the
world, which shows that the global topical drugs market has the
potential to grow significantly during the forecast period.”

Global topical drugs market: Segmentation

The global topical drugs market research report provides market
segmentation by product (semi-liquid, liquid, and solid) and by region
(the Americas, EMEA, and APAC). It provides an in-depth analysis of the
prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

Of the three major products, the semi-solid segment held the largest
market share in 2017. This product segment is expected to dominate the
global market throughout the forecast period.

The Americas experienced the highest incremental growth of the market in
2017, accounting for close to 48% share. It was followed by EMEA and
APAC respectively. The increase in the prevalence of skin diseases and
the growing geriatric population are the main factors to drive the
growth of the market in the Americas.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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