Transparency Market Research in its new report titled, “Topical Antibiotics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the topical antibiotics market. The TMR report anticipates that the development of novel approaches for new antibiotic treatment for bacterial infections and increase in number of clinical trials in the field will drive the topical antibiotics market during the forecast period i.e, 2018-2026.
The TMR report also anticipates that the increase in incidence of bacterial infections and viral infections and rise in research and development activities by several biotech companies will boost the growth of the market. However, sustained use of antibiotics results in development of resistance in disease-causing microorganisms and several adverse reactions associated with aminoglycosides are expected to restrain the global market, says the report. The TMR report has segmented the global topical antibiotics market based on product type, application, distribution channel, and region. In terms of product type, the global market is categorized into ointments, creams, and powder. In terms of application, the global topical antibiotics market is classified into skin infection, hair infection, and eye infection. In terms of distribution channel, the global market can be divided into online pharmacies, hospital pharmacies, retail pharmacies, and others.
On a geographical standpoint, the global topical antibiotics market is segmented into North America, Europe, Latin America, Asia Pacific and Middle East & Africa. Among these, North America is expected to account for the largest share of the global market, due to the large usage of these highly priced antibiotics in the region. Europe is expected to be the second largest market for topical antibiotics during the forecast period due to rise in prevalence of infectious diseases, increase in government initiatives, and focused product development in the region. The topical antibiotics market in Asia Pacific is expected to expand at a rapid pace during the forecast period. Growth of the market in the region is attributed to increase in awareness about skin diseases, rapidly developing health care infrastructure, and rise in adoption of innovative products in the region. The methicillin-resistance staphylococcus aureus (MRSA) can present significant opportunity in developing countries, where hospital-acquired methicillin-resistance staphylococcus aureus (MRSA) infections are quite common, states the report.
Some of the major players operating in the global topical antibiotics market are profiled in this report to give a better competitive analysis of the market and these include Medimetriks Pharmaceuticals, Espada Dermatology, Inc., Perrigo Company plc, GlaxoSmithKline plc, Valeant Pharmaceuticals International, Inc., Sandoz, Inc. (Novartis AG), Taro Pharmaceuticals U.S.A., Inc., Aqua Pharmaceuticals LLC, Johnson & Johnson, Pfizer, Inc. and Stiefel Laboratories, Inc.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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