The global topical dispensers market size is expected to reach USD 620.6 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% from 2020 to 2027. Rise in the prevalence of psoriasis and increasing incidence of skin disease are anticipated to propel the market growth.
Topical
dispensers are used for topical application of gels, creams, foams, lotions,
and ointments on skin. It ensures the touch free application of medication on
skin. There are two types of topical dispensers: metered and swab type.
Increasing prevalence of psoriasis is one of the major factors contributing to
the growth of this market. 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.
North
America dominated the global market, accounting for 31.4% share in 2019.
Increasing adoption of topical dispensers and rising awareness are expected to
drive the market in the region. In addition, increased technological
development in the pharmaceutical sector and increasing cases of skin diseases
in the region are anticipated to propel market growth in the region.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/topical-dispenser-market
Topical Dispensers
Market Report Highlights
- By type, the
metered segment dominated the market with a share of 63.4% in 2019 due to
increasing investment in R&D to develop more advanced products
- The metered
type segment is also the fastest growing segment in the market due to
recent technological development and increase in the demand for the
metered topical dispensers
- The liquid
dosage form segment in expected to expand at the highest CAGR of 5.6% from
2020 to 2027 due to rising awareness among the patients
- North America
is the dominant and fastest growing regional market owing to increasing
prevalence of psoriasis in the region.
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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