TOPICAL DRUG DELIVERY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The topical drug delivery market faces several challenges. First, ensuring product stability and preventing degradation during storage remains an issue. Formulating drugs that can effectively penetrate the skin to reach the target site is another challenge, as the outer layers of skin act as a good barrier. Maintaining an even distribution of drugs on the application area and preventing accidental removal by external factors such as water or abrasion also challenge manufacturers.

Market Opportunities: Advancements in material sciences and transdermal drug delivery technologies

The non-invasive nature and self-application features of topical drugs increase patient compliance. Many newer drug molecules are now available that can selectively target deeper skin layers and tissues. Advancements in material sciences and transdermal drug delivery technologies now allow formulating more effective topical dosage forms. There is also scope to develop combination products that deliver multiple API simultaneously to treat complex conditions.