OTC Topical Drugs Showing Growth And Challenges of Market

global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

November 2018

OTC Topical Drugs Market Analysis Growth

Topical drugs are used for the application where body surfaces such as the skin or mucous membranes to treat ailments. OTC Topical drugs are epicutaneous medication that are applied in the skin directly. The large range of classes included in the topical drugs are creams, foams, gels, lotions and ointments. The advantage of reduced side effects to the other organ. Disadvantage of topical formulation is that it is time consuming, complicated and uncomfortable sometimes. Topical drug formulation are made up in a vehicle or base which is made specific to the site of the body or type of skin. The amount of ingredients observed in the skin totally depends upon type of skin. The different type of formulation of OTC topical drugs includes lotions, creams, ointment, gel, paste etc. Lotions that are usually thicker than a solution and contains oil and water or alcohol. 

Scope of the Report:

This report studies the OTC Topical Drugs market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the OTC Topical Drugs market by product type and applications/end industries.North America will continue to dominate the OTC Topical drugs due to better healthcare facilities and increased cases of skin diseases. Europe and APAC is expected to hold large market share in global OTC Topical drugs. The increasing focus towards better healthcare system and the increasing geriatric population in APAC region is expected to grow the OTC Topical drugs market in this region.The global OTC Topical Drugs market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.

 

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of OTC Topical Drugs.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.

Market Segment by Companies, this report covers
Pfizer
Novartis
GlaxoSmithKline
Sanofi
Johnson & Johnson
Merck
Roche
Bayer
Abbott
Teva Pharmaceutical