Ointment Market By Product Base (Hydrocarbon Bases, Absorption Bases, Emulsion or Water-Removable Bases, and Water-Soluble Bases), By Manufacturing Process (Trituration Method, Fusion Method, Chemical Reaction, and Emulsification), By Downstream Field (Pharmacies & Drug Stores, e-Commerce, and Retail & Grocery Stores), By Application (Medical Application and Non-medical Application), By End User (Hospital & Clinic, Home Care Settings, Burn Centers and Individual User) and Geography

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Ointment Market size was valued at USD 1018.2 million in 2022 and is poised to grow at a CAGR of 6.2% from 2023-2029. An ointment is an oil-based preparation used on the skin to soothe or heal burns, wounds, rashes, scrapes, or other skin problems. Ointments are prepared for external use and intended for application to the skin. It is also used as a moisturizer or cosmetics. The ointment has four types based on product base including hydrocarbon bases, absorption bases, emulsion or water-removable bases, and water-soluble bases. A high incidence of burn injuries is one of the major application areas for ointment. The driving factors of the market are the increasing incidence of skin problems, wounds, burns, and allergies, rising awareness regarding various treatment options, and growing demand for beauty products, and moisturizers. The rising demand for self-administration and home care setting units is expected to provide significant strength & opportunities to the global ointment market with the increasing patient population & geriatric population.

Ointment Market Key Developments:
  • In February 2022, Galderma and Taro Pharmaceutical Industries announced that they had signed a definitive agreement for Taro to acquire Alchemee, formerly the Proactiv Company (TPC), from Galderma.
  • In Mar 2022, Aurobindo Pharma acquired the domestic formulation business of another Veritas Healthcare on a slump sale basis at Rs 171 crore.

Ointment Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.2%

Largest Market

Europe

Fastest Growing Market

North America
Ointment Market Dynamics

The medicinal applications held a significant market share in 2021 and are anticipated to witness significant growth over the forecast period. The segment growth is majorly driven by the high demand for the beauty products like moisturizers for dry skin, and face ointments for acne-prone skin across the globe. Some of the antibiotics available on the market include neomycin sulfate, polymixin B sulfate and bacitracin (Neosporin), and bacitracin and polymixin B sulfate. The silver-based ointment segment is witnessed the fastest growth due to the treatment of second and third-degree burn infections. Some of the silver-based ointments are silver nitrate, silver foams, silver sulfadiazine, acticoat 7, flammacerium, and Aquacel-Ag, Silvercel.

Key Features of the Reports

  • The ointment market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Ointment Market Segmentation

By Product Base
  • Hydrocarbon Bases,
  • Absorption Bases,
  • Emulsion or Water-Removable Bases, and
  • Water-Soluble Bases
By Manufacturing Process
  • Trituration method
  • Fusion method
  • Chemical reaction
  • Emulsification
By Downstream Field
  • Pharmacies & Drug Stores
  • e-Commerce, and
  • Retail & Grocery Stores
By Application
  • Medical Application and
  • Non-medical Application
By End User
  • Hospital & Clinic
  • Home Care Settings
  • Burn Centers
  • Individual User
  • Others

Frequently Asked Questions

The ointment market size was valued at USD 1018.2 million in 2022 and is poised to grow at a CAGR of 6.2% from 2023-2029

Glenmark Pharmaceuticals Ltd. (India), Galderma (Switzerland), Johnson & Johnson Private Limited (US), GlaxoSmithKline Plc. (UK), Bausch Health Companies Inc. (Canada)

North America is the fastest-growing region for ointment market

1. Executive Summary
2. Global Ointment Market Introduction
2.1. Global Ointment Market Taxonomy
2.2. Global Ointment Market Definitions
2.2.1. By Product Base
2.2.2. By Manufacturing Procedure
2.2.3. By Downstream Field
2.2.4. By Application
2.2.5. By End User
2.2.6. By Region
3. Global Ointment Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Ointment Market Dynamic Factors - Impact Analysis
3.6. Global Ointment Market Competition Landscape
3.7. Epidemiology
4. Global Ointment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Ointment Market, By Product Base, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Hydrocarbon Bases
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Absorption Bases
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Water-Soluble Bases
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Emulsion or Water-Removable Bases
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Ointment Market, By Manufacturing Procedure, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1. Trituration method
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Fusion method
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Chemical reaction
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4. Emulsification
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Ointment Market, By Downstream Field, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. Pharmacies & Drug Stores
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. e-Commerce
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Retail & Grocery Stores
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8. Global Ointment Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Medical
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Non-Medical
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Ointment Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. Hospitals and Clinics
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Burn Centers
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Home Care Setting
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Individual User
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
10. Global Ointment Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. North America
10.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Ointment Market - Opportunity Analysis Index, By Product Base, By Product Base, By Manufacturing procedure, By Downstream field, By Application, By End User, and Region, 2023 - 2029
11. North America Ointment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Product Base Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Hydrocarbon Bases
11.1.2. Absorption Bases
11.1.3. Emulsion or Water-Removable Bases
11.1.4. Water-Soluble Bases
11.2. Manufacturing procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Trituration method
11.2.2. Fusion method
11.2.3. Chemical reaction
11.2.4. Emulsification
11.3. Downstream Field Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Pharmacies & Drug Stores
11.3.2. e-Commerce
11.3.3. Retail & Grocery Stores
11.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Medical Application
11.4.2. Non-medical Application
11.5. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Hospital & Clinic
11.5.2. Home Care Settings
11.5.3. Burn Centers
11.5.4. Individual User
11.6. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Ointment Market - Opportunity Analysis Index, By Product Base, By Manufacturing procedure, By Downstream field, By Application, By End User, and Country, 2023 - 2029
11.8. North America Ointment Market Dynamics Trends
12. Europe Ointment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Product Base Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Hydrocarbon Bases
12.1.2. Absorption Bases
12.1.3. Emulsion or Water-Removable Bases
12.1.4. Water-Soluble Bases
12.2. Manufacturing procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Trituration method
12.2.2. Fusion method
12.2.3. Chemical reaction
12.2.4. Emulsification
12.3. Downstream Field Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Pharmacies & Drug Stores
12.3.2. e-Commerce
12.3.3. Retail & Grocery Stores
12.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Medical Application
12.4.2. Non-medical Application
12.5. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.5.1. Hospital & Clinic
12.5.2. Home Care Settings
12.5.3. Burn Centers
12.5.4. Individual User
12.6. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Rest of Europe
12.7. Europe Ointment Market - Opportunity Analysis Index, By Product Base, By Manufacturing procedure, By Downstream field, By Application, By End User, and Country, 2023 - 2029
12.8. Europe Ointment Market Dynamics Trends
13. Asia-Pacific Ointment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. Product Base Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Hydrocarbon Bases
13.1.2. Absorption Bases
13.1.3. Emulsion or Water-Removable Bases
13.1.4. Water-Soluble Bases
13.2. Manufacturing procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Trituration method
13.2.2. Fusion method
13.2.3. Chemical reaction
13.2.4. Emulsification
13.3. Downstream Field Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Pharmacies & Drug Stores
13.3.2. e-Commerce
13.3.3. Retail & Grocery Stores
13.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Medical Application
13.4.2. Non-medical Application
13.5. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Hospital & Clinic
13.5.2. Home Care Settings
13.5.3. Burn Centers
13.5.4. Individual User
13.6. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. China
13.6.2. India
13.6.3. Japan
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Ointment Market - Opportunity Analysis Index, By Product Base, By Manufacturing procedure, By Downstream field, By Application, By End User, and Country, 2023 - 2029
13.8. Asia-Pacific Ointment Market Dynamics Trends
14. Latin America Ointment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
14.1. Product Base Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Hydrocarbon Bases
14.1.2. Absorption Bases
14.1.3. Emulsion or Water-Removable Bases
14.1.4. Water-Soluble Bases
14.2. Manufacturing procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Trituration method
14.2.2. Fusion method
14.2.3. Chemical reaction
14.2.4. Emulsification
14.3. Downstream Field Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Pharmacies & Drug Stores
14.3.2. e-Commerce
14.3.3. Retail & Grocery Stores
14.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Medical Application
14.4.2. Non-medical Application
14.5. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Hospital & Clinic
14.5.2. Home Care Settings
14.5.3. Burn Centers
14.5.4. Individual User
14.6. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Rest of Latin America
14.7. Latin America Ointment Market - Opportunity Analysis Index, By Product Base, By Manufacturing procedure, By Downstream field, By Application, By End User, and Country, 2023 - 2029
14.8. Latin America Ointment Market Dynamics Trends
15. Middle East and Africa Ointment Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
15.1. Product Base Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.1.1. Hydrocarbon Bases
15.1.2. Absorption Bases
15.1.3. Emulsion or Water-Removable Bases
15.1.4. Water-Soluble Bases
15.2. Manufacturing procedure Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
15.2.1. Trituration method
15.2.2. Fusion method
15.2.3. Chemical reaction
15.2.4. Emulsification
15.3. Downstream Field Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.3.1. Pharmacies & Drug Stores
15.3.2. e-Commerce
15.3.3. Retail & Grocery Stores
15.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.4.1. Medical Application
15.4.2. Non-medical Application
15.5. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.5.1. Hospital & Clinic
15.5.2. Home Care Settings
15.5.3. Burn Centers
15.5.4. Individual User
15.6. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. South Africa
15.6.3. Rest of MEA
15.7. MEA Ointment Market - Opportunity Analysis Index, By Product Base, By Manufacturing procedure, By Downstream field, By Application, By End User, and Country, 2023 - 2029
15.8. MEA Ointment Market Dynamics Trends
16. Competition Landscape 
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Key Bases, Key Developments, Strategies, and SWOT Analysis)
16.2.1. Glenmark Pharmaceuticals Ltd. (India)
16.2.2. Galderma (Switzerland)
16.2.3. Johnson & Johnson Private Limited (US)
16.2.4. GlaxoSmithKline Plc. (UK)
16.2.5. Bausch Health Companies Inc. (Canada)
16.2.6. Taro pharmaceuticals
16.2.7. Sun Pharmaceutical Industries Ltd.
16.2.8. Dr. Morepen
16.2.9. Smith & Nephew
16.2.10. ConvaTec Inc.
17. Research Methodology
18. Key Assumptions and Acronyms
  • Glenmark Pharmaceuticals Ltd. (India)
  • Galderma (Switzerland)
  • Johnson & Johnson Private Limited (US)
  • GlaxoSmithKline Plc. (UK)
  • Bausch Health Companies Inc. (Canada)
  • Taro pharmaceuticals
  • Sun Pharmaceutical Industries Ltd.
  • Morepen
  • Smith & Nephew
  • ConvaTec Inc.

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