The ‘Global Topical Antibiotic Pharmaceuticals Market Price, Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global topical antibiotic pharmaceuticals market, assessing the market on the basis of its segments like form, type, application, distribution channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3.8%
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The increase in popularity of using topical antibiotic pharmaceuticals for treating skin infections is driving the topical antibiotic pharmaceuticals market growth across the globe. Topical antibiotics are increasingly used for treatment of acne owing to their safety and effectiveness. Acne is a multifactorial inflammatory skin disease with a high percentage of acne cases affecting youngsters. This is expected to bolster the market demand for topical antibiotic pharmaceuticals among consumers.
The surging prevalence of soft tissue and skin infections is further expected to boost the demand for topical antibiotic pharmaceuticals. The rising affordability and availability of topical antibiotic products coupled with increasing awareness of over-the-counter antibiotic products among the less educated people are aiding the growth of the topical antibiotic pharmaceuticals market.
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The rising blend of drugs with various chemical components for treating different skin infections is likely to fuel the market growth globally. Due to the employment of generic agents in the preparations, the worldwide market for topical antibiotic pharmaceuticals is substantially fragmented in terms of market players. Unequal usage of topical antibiotics in hospitals and communities has triggered worries among skin experts who recommend these topical antibiotic pharmaceuticals.
Topical Antibiotic Pharmaceuticals Industry Definition and Major Segments
Topical antibiotics are those antibiotics in the form of an ointment or a cream that are absorbed by application onto the skin. Antibiotics aim to inhibit or destroy the growth of dangerous bacteria. Topical antibacterials are a class of medications employed to treat and prevent infections caused by bacteria as well as skin infections triggered by scrapes, burns, and cuts. In case such injuries are left untreated, bacterium are likely to multiply, causing redness, pain, swelling, oozing, and itching, resulting in greater complications.
Based on form, the market can be divided into:
- Ointment
- Cream
- Suspension
- Powder
- Gel
- Others
By type, the topical antibiotic pharmaceuticals market is segregated into:
- Prescription
- OTC
Based on application, the market is segmented into:
- Skin Infection
- Eye Infection
- Bromhidrosis
- Others
On the basis of distribution channel, the market categorised into:
- Hospital Pharmacies
- Retail Pharmacies
- Online
- Others
Based on region, the market is divided into:
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa
Topical Antibiotic Pharmaceuticals Market Trends
The global topical antibiotic pharmaceuticals market is anticipated to gain momentum over the forecast period on account of the evolution in technology and increase in awareness about the effectiveness of topical antibiotic pharmaceuticals on soft tissue infections.
Patients or people with weak immune systems, compromised epidermis, poor hygiene or those in close contact with people from epidermal diseases are likely to get affected with skin conditions. This is further expected to escalate the demand for topical antibiotic pharmaceuticals around the world. On the basis of form, the ointment and cream segments are likely to fuel the market growth over the upcoming years due to their easy usage and availability.
Regionally, North America is augmenting a substantial growth in the topical antibiotic pharmaceuticals market share on account of the increasing research and development activities evaluating the safety and efficacy of generic components employed in antibiotic pharmaceuticals. Meanwhile, the Asia Pacific is expected to witness growth in the market of topical antibiotic pharmaceuticals over the coming years due to the increasing popularity of OTC antibiotics among consumers living in urban regions.
Key Market Players
The major players in the global topical antibiotic pharmaceuticals market report are Taro Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals Inc., GlaxoSmithKline plc., Novartis AG, Almirall, S.A, and Medimetriks Pharmaceuticals, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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