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 Global Topical Drug Delivery Market
Posted on : Wednesday, 18 December, 2019  09:50
Location : Maykop, Republic of Adygea
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URL : https://www.maximizemarketresearch.com/market-report/global-topical-drug-delivery-market/33725/

Global Topical Drug Delivery Market was valued US$ XX Bn in 2018 and is expected to reach XX Bn by 2026, at a CAGR of 5.80 % during a forecast period.

Topical medications are usually applied on body surfaces like skin or mucous membranes, which being reverse counterparts of systemic medications and products. These medications contain creams, foams, gels, lotions, ointments, and others.
The increasing prevalence of skin disorders across the globe is one of the key drivers in the global topical drug delivery market. Growing incidence of diabetes across the globe is expected to increase the demand for topical drug delivery. Additionally, the growing incidence of burn injuries and the rising preference of topical drug delivery are projected to boost the market growth in the global topical drug delivery market.

On the other hand, the negative impact on consumers owing to product recalls is expected to hamper the growth of the global topical drug delivery market during the forecast period.

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