October 8, 2021

Topical Antibiotics Market Driven By Rising Prevalence Of Skin Infections Across The Globe

Topical Antibiotics Market: Introduction

According to the report, the global topical antibiotics market was valued at US $ 5.8 billion in 2019 and is expected to grow at a rapid rate from 2019 to 2027. Topical antibiotics are preparations made as a cream or ointment that can be applied directly to the skin. Topical antibiotics are used for indications such as acne vulgaris, fungal skin infections, viral skin infections, and the second-line option for localized impetigo. Several topical antibiotics are available over the counter (OTC) and by prescription.

High prevalence and increasing incidence rate of dermatological and ophthalmic disorders to drive the global market

Dermatological and ophthalmic disorders differ across the world based on geographic location, climatic conditions, socioeconomic status, lifestyles, age, sex, 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), more than 900 million people were affected by skin disease in 2017 and around 80% of skin conditions represent five common skin conditions. Acne is one of the most common skin disorders, affecting approximately 9.4% of the world’s population. It is the eighth most common disease in the world.

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According to the American Academy of Dermatology (AAD), acne is the most common skin disease in the United States that affects approximately 50 million people each year. In addition, about 85% of young people between the ages of 12 and 24 suffer from at least minor acne. Rosacea affects approximately 16 million people in the United States each year. More than 3 million cases of impetigo are reported in the country each year. Additionally, the prevalence rate of acne in Europe is around 57.8%, and conjunctivitis affects around 6 million people in the United States each year. Hence, the increasing incidence rate of dermatological and ophthalmic disorders across the world and the awareness of various skin diseases are expected to boost the topical antibiotics market during the forecast period.

Tetracycline leads the world

In terms of drug class, the global topical antibiotics market has been categorized into tetracycline, aminoglycosides, erythromycin, clindamycin, and others. The tetracyclines segment dominated the global topical antibiotics market during the forecast period. The growth of the segment can be attributed to a large number of drugs existing and under development in this class, which are expected to be introduced by the end of 2022. Significant use in the treatment of bacterial infections is a key driver of the segment tetracyclines.

Gels to offer lucrative opportunities

On the basis of dosage form, the global topical antibiotics market has been categorized into ointments, creams, powders, 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 the properties of the gels such as the barrier easy to apply, transparent and protective on sensitive skin.

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Skin infection to stimulate demand for topical antibiotics

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

Over-the-counter drugs will see high demand

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

Retail pharmacies will be the main distribution channel

On the basis of distribution channel, the global topical antibiotics market has been classified into hospital pharmacies, retail pharmacies, and others. The high rate of establishment of retail pharmacies drives the segment. Increased approval for the sale of topical antibiotics in retail pharmacies and market availability of topical antibiotics as over-the-counter products are expected to drive sales. These factors are likely to increase the retail pharmacy segment during the forecast period.

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Topical Antibiotics Market: Important Regions

In terms of region, the global topical antibiotics market has been segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America dominated the global topical antibiotics market in 2019, followed by Europe. The United States accounted for the largest market share in North America in 2019. Increased consumer awareness of health and wellness coupled with rising healthcare costs is driving demand for topical antibiotics in the region. In addition, the increased incidence of injuries and trauma, as well as follicular keratinization caused by heavy fatty acid deposits, contributes to the increased incidence of acne in the United States. This can be attributed to the sedentary lifestyle and the increased propensity to consume fatty foods among the locals. .

The high prevalence of bacterial infections and increasing per capita healthcare spending in North America are expected to propel the market in the region during the forecast period.

Launch of innovative products and mergers and acquisitions by key players to increase the global market

The global topical antibiotics market is highly fragmented with a large number of players holding a majority share in the domestic markets. The development and commercialization of topical antibiotics are key trends in the global topical antibiotics market. In addition, the companies are committed to expanding their product offering in the field of topical antibiotics and strengthening their positions in the global market. Major players operating in the global topical antibiotics market include Novartis AG, GlaxoSmithKline plc, Perrigo Company plc, Pfizer, Inc., Almirall, SA, Bausch Health Companies, Inc. (Valeant Pharmaceuticals International, Inc.), Medimetriks Pharmaceuticals, Inc ., Taro Pharmaceutical Industries Ltd. and Mayne Pharma Group Limited.

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