The Global Topical Dispenser Market was evaluated at USD 418 billion in 2019 and is anticipated to reach USD 631.8 billion by 2027, at a CAGR of 5.3 % during the projection period. The primary reason triggering the development of topical applicators is the need to eliminate human contact for minimizing or negating any transmission. Besides, the topical applicators facilitate the precision of the amount in drug administration. Topical applicators are widely used in dermal therapies and dermatological treatment, especially for psoriasis. A large number of medicines related to skin are topical and require topical applicators for safe application. Development in the therapeutic industry in countries like China and India is pitched to push demand for topical applicators during the projection period.
Increasing prevalence of psoriasis and a rising aging population with skin diseases
Psoriasis is a prolonged, sore, and non-communicable skin 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 have psoriasis worldwide. The prevalence of psoriasis has amplified the demand for topical dispensers in the industry. Skin disease is a significant healthcare problem accounting for 1.79% of the global burden of diseases in DALYs of 306 diseases and injuries. As per the WHO, approximately 900 million individuals were suffering from skin ailments globally in 2018. This scenario is eventually growing the demand for the topical dispenser, strengthening its market.
Easy use of Topical applicators
The precise and easy administration of medication with the topical applicators is the primary factor leading the global topical applicators market during the forthcoming period. Higher demand is being witnessed from the skincare sector, particularly for psoriasis and other skin therapies. A large number of medications concerning skin are topical and need topical applicators for safe use. Metered topical applicators safeguard the application of the right quantity of ointment on the body external. They are dependable devices for the automated and accurate dose, reducing variability, and delivering uniform viscosity.
Global Topical Dispenser Market: Segmentation
Based on the product, the market is divided into semi-solid formulations (creams, pastes, gels, ointments, and lotions), liquid formulations (solutions and suspensions), solid formulations (suppositories and powders) and transdermal products (transdermal patches and transdermal semi-solids). The semi-solid formulations section is anticipated to account for the significant market share of the market in 2019. They offer advantages of faster drug release and better acceptability of topical gels by the patient. Extensive use of topical pastes to avoid skin irritation, infectiousness, and the possibility of quick removal of creams for curing various ailments related to different skin types is the dominant element stimulating this market’s growth.
The dermal drug delivery segment accounted for the largest share of the market in 2018. It is mainly due to the high occurrence of skin ailments across the globe. For instance, the occurrence of psoriasis universal series between 0.09% and 11.43% has become a severe problem worldwide with at least 100 million individuals affected worldwide. (Source: WHO 2016).
Homecare settings accounted for the significant share of the market in 2018 in terms of facility of use. Home care settings eliminate the need for patients to travel to healthcare facilities, thus saving time and money. Owing to its convenience and affordability, a growing number of patients are opting for home-based cures. These factors reassure the growth of this market segment.
Based on region, Global Topical Dispenser Market is segregated by crucial regions— North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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