Topical Antibiotics Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

The topical antibiotics market size surpassed at US$ 5.7 Bn in 2019 and projected to reach US$ 8 billion by 2027.

High demand for topical antibiotics for the treatment of dermatological conditions is projected to be a major driver for the global topical antibiotics market during the forecast period

Topical antibiotics are preparations manufactured in cream or ointment form that can be applied directly over the skin. Topical antibiotics are used for indications such as acne vulgaris, fungal skin infections, viral skin infections, and second line option for localized impetigo. Several topical antibiotics are available as over-the-counter (OTC) and prescription products.

The global topical antibiotics market is expected to grow at a sluggish CAGR of 3% during the forecast period. The market growth can be primarily attributed to a host of factors, including growing focus on improving the efficacy of topical antibiotics, growing investments toward research & development activities, entry of new and emerging topic antibiotics agents, and the considerable surge in the number of skin infections around the world. Market players should focus on addressing challenges put forward by topical antibiotics such as increasing bacterial resistance, catastrophic ecological impact, etc. While North America and Europe are likely to remain at the forefront in terms of market share and value, the Asia Pacific region is projected to provide a safe haven for growth to the market players in the upcoming years.

High Prevalence and Increase in Incidence Rate of Dermatological & Ophthalmic Disorders to Drive Global Market

Dermatological and ophthalmic disorders differ across the globe based on geographic location, climatic conditions, socioeconomic status, lifestyles, age, gender, heredity, and personal habits. High prevalence and substantial increase in incidence rate of various dermatological and ophthalmic infectious disorders across the globe are key factors driving the global topical antibiotics market. According to the World Health Organization (WHO), over 900 million people were affected with skin disease in 2017 and around 80% of the skin disorders account for five common skin disorders. Acne is one of the most prevalent skin disorders, affecting around 9.4% of the global population. It is the eighth most prevalent disease across the world.

According to the American Academy of Dermatology (AAD), acne is the most common skin disease in the U.S. that affects around 50 million people every year. Moreover, around 85% of youngsters between the ages 12 and 24 experience at least minor acne. Rosacea affects around 16 million people in the U.S. each year. Over 3 million cases of impetigo are reported in the country every year. Moreover, rhe prevalence rate of acne in Europe is around 57.8% and conjunctivitis affects about 6 million people in the U.S. every year. Hence, increase in incidence rate of dermatological and ophthalmic disorders across the globe and rise in awareness about various skin diseases are projected to drive the topical antibiotics market during the forecast period.

Tetracycline to Lead Global Market

In terms of drug class, the global topical antibiotics market has been classified into tetracycline, aminoglycosides, erythromycin, clindamycin, and others. The tetracycline segment dominated the global topical antibiotics market during the forecast period. The growth of the segment can be attributed to a large number of existing and pipeline drugs in this class, which are likely to be introduced by the end of 2022. Significant usage in treating bacterial infections is a key factor driving the tetracycline segment.

Gels to Offer Lucrative Opportunities

Based on dosage form, the global topical antibiotics market has been categorized into ointments, creams, powder, gels, and others. The gels segment is likely to dominate the global topical antibiotics market during the forecast period. The dominance of the segment can be attributed to properties of gels such as easy to apply, transparent, and protective barrier on sensitive skin.

Skin Infection to Propel Demand for Topical Antibiotics

In terms of indication, the global topical antibiotics market has been divided into skin infection, eye infection, bromhidrosis, and others. The skin infection segment dominated the global topical antibiotics market in 2019. An infection of the skin can be caused by bacteria, fungus, viruses, or parasites. When this happens, it can cause pain, swelling, other types of discomfort, and skin color changes. A skin infection could be mild or serious. The four types of skin infection are bacterial, viral, fungal, and parasitic.

OTC Drugs to Witness High Demand

Based on product type, the global topical antibiotics market has been bifurcated into prescription and OTC. The OTC segment dominated the global topical antibiotics market in 2019. Topical antibacterial drugs are one of the over-the counter (OTC) medications that are also known as self-medication products. Common topical antibiotics available OTC are bacitracin, neomycin, fusidic acid, clindamycin, mupirocin, gentamicin, erythromycin, polymyxin B, and chloramphenicol. These topical antibiotics are available as sole agent as well as in combination with other topical antibiotics or with topical corticosteroids. Hence, easy availability of topical antibiotics as OTC medicines is expected to boost the growth of the segment.

Retail Pharmacies to be Major Distribution Channel

Based on distribution channel, the global topical antibiotics market has been categorized into hospital pharmacies, retail pharmacies, and others. High rate of establishment of retail pharmacies drives the segment. Increase in approval for sale of topical antibiotics in retail pharmacies and availability of topical antibiotics market, as OTC products are expected to drive sales. These factors are likely to augment the retail pharmacies segment during the forecast period.

Prominent Regions

In terms of region, the global topical antibiotics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global topical antibiotics market in 2019, followed by Europe. The U.S. accounted for the largest share of the market in North America in 2019. Increase in customer awareness about health and well-being coupled with rise in healthcare costs drives the demand for topical antibiotics in the region. Moreover, surge in incidence of injuries and trauma, and follicular keratinization caused by large deposits of fatty acids contribute to increase in incidence of acne in the U.S. This can be attributed to sedentary lifestyle and increased propensity to consume fatty food items among people in the country.

High prevalence of bacterial infections and rise in the per capita healthcare expenditure in North America are expected to propel the market in the region during the forecast period.

Key Players

  • Novartis AG
  • GlaxoSmithKline plc
  • Perrigo Company plc
  • Pfizer, Inc
  • Almirall, S.A.
  • Bausch Health Companies, Inc. (Valeant Pharmaceuticals International, Inc.)
  • Medimetriks Pharmaceuticals, Inc.
  • Taro Pharmaceutical Industries Ltd.
  • Mayne Pharma Group Limited.

Market Segmentation

By Drug Class

  • Tetracycline
  • Aminoglycosides
  • Erythromycin
  • Clindamycin
  • Others

By Dosage Form

  • Ointments
  • Creams
  • Powder
  • Gels
  • Others

By Indication

  • Skin Infection
  • Eye Infection
  • Bromhidrosis
  • Others

By Product Type

  • Prescription
  • OTC

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

The Topical antibiotics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Topical antibiotics market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Topical antibiotics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Topical antibiotics market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Topical antibiotics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Topical antibiotics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Topical antibiotics by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Topical antibiotics market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Topical antibiotics market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Topical antibiotics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Topical antibiotics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Topical antibiotics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Topical antibiotics market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Topical antibiotics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Topical antibiotics market. These factors have benefited the growth of the global market for Topical antibiotics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Topical antibiotics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Topical antibiotics are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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