The global topical dispenser market size was valued at USD 418.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2020 to 2027. The growth of this market is attributed to increasing cases of skin disease and growing aging population. Moreover, accurate dispensing technique of the topical dispensers is likely to boost the market growth during forecast period. Topical dispensers offer easy access to medication with safe use and add value to drug products. The global market for dermatology drugs beats 21 billion in 2015. About 25% of total healthcare spending is for dermatological conditions that require topical therapies, such as skin cancer, psoriasis, and dermatitis. Technologies advancement and the availability of new products are the factors responsible for growth in this market.
Major factors responsible for the growth of topical dispenser market are increasing prevalence of psoriasis and rising aging population with skin diseases. Psoriasis is a chronic, painful, and non-communicable disease. It is most common in the geriatric population with age group 50 - 69. As per the National Psoriasis Foundation Report 2018, around 125 million people are suffering from psoriasis worldwide. This has increased the demand for topical dispensers in the industry.
Skin disease is a major cause of disability worldwide. It contributes to 1.79% of global burden of diseases in DALYs from 306 diseases and injuries. According to the WHO in 2018, around 900 million people in the world are suffering from skin diseases. This scenario is eventually increasing the demand for topical dispenser, thereby fueling the growth of the market.
Topical Dispenser Market Report Highlights
- The metered topical dispenser segment accounted for the largest revenue share of 63.4% in 2019. It is commonly used to dispense a wide spectrum of transdermal drugs ranging from moisturizers, skincare to bio identical hormone replacement therapy.
- The semi-solid segment accounted for the largest revenue share of 78.3% in 2019 and is anticipated to maintain its lead over the forecast period.
- The North America market captured a revenue share of 31.4% in 2019 and is expected to lead throughout the forecast period.
Segments Covered in the Report
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global topical dispenser market report on the basis of type, dosage form, and region:
- Type Outlook (Revenue, USD Million, 2016 - 2027)
- Metered Topical Dispensers
- Swab Topical Dispensers
- Dosage Form Outlook (Revenue, USD Million, 2016 - 2027)
- Solid
- Semi-solid
- Liquid
- Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Switzerland
- Belgium
- Russia
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Philippines
- Thailand
- Singapore
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Middle East Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
- Egypt
- North America
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