Topical Antibiotics Market: Introduction
According to the report, the global topical
antibiotics market was valued at US$ 5.8 Bn in 2019 and
is projected to grow at a rapid pace from 2019 to 2027. 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.
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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.
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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.
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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.
Topical Antibiotics Market: 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.
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Launch of Innovative Products and M&A by Key
Players to Augment Global Market
The global topical antibiotics market is highly fragmented with a large
number of players holding majority share in domestic markets. Development and
commercialization of topical antibiotics are key trends in the global topical
antibiotics market. Moreover, companies are engaged in broadening product
offerings in topical antibiotics and strengthening positions in the global
market. Prominent players operating in the global topical antibiotics market
include 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., and Mayne Pharma Group Limited.
Global Topical Antibiotics Market: Segmentation
Topical Antibiotics Market, by Drug Class
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Topical Antibiotics Market, by Dosage Form
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Topical Antibiotics Market, by Indication
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Topical Antibiotics Market, by Product Type
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Topical Antibiotics Market, by Distribution Channel
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