Global Topical Dispenser Market Poised to Surge Ahead – Projected to Reach worth USD 711.7 Million in 2027
Published | 10 November 2021
Global topical dispenser market is witnessing a healthy growth. The key market drivers for the global topical dispenser market are the increased prevalence of skin diseases and the demand for convenient dispensing systems…
A recent study by the strategic consulting and market research firm BlueWeave Consulting revealed that the global topical dispenser market was worth USD 505.2 Million in 2020 and is anticipated to reach USD 711.7 Million by 2027 at a CAGR of 5.21%. The expected growth of the topical dispenser market is attribute to the demand for a convenient dispensing system for use in skincare treatment, increased prevalence of skin diseases, increasing the geriatric population, raising awareness about drug delivery, and growing health awareness. Topical drugs are mainly used in the treatment of dermatological problems. U.S. National Library of Medicine reported that from 1989 to 2008, over 320 million visits were documented documenting topical over-the-counter recommendations, the majority of which were dermatologic visits.
Increasing Prevalence of Skin Disorders Contributing To the Growth Of Topical Dispenser Market
Skin diseases are the fourth most common disease among people worldwide and cause a lot of mental stress and physical discomfort. According to the (AADA) American Academy of Dermatology Association, nearly 85 million people in America suffer from various skin diseases like acne, hair loss, Psoriasis, Rosacea, etc. People in need of medical treatment are sometimes stigmatized, which adds to their burden. Providing patients with the right dispensing system can somewhat ease their burden. Additionally, patients are more likely to use a drug that is within easy reach at the time they need it, which simultaneously contributes to the demand for topical dispensers within the industry.
Technological Advancements Promoting the Topical Dispenser Market
The ever-evolving advancements in the topical dispenser market have further promoted its significance in the industry. Primary packaging types used in skin medication include pouches, sachets, or stick packs for single or multiple doses. A dispensing system should coordinate with the patient’s way of life, capacity, and restorative concerns. Many unique advancements in the field, such as click-to-piston technology, which allows a patient to see visually and audibly hear the exact dosages being dispensed, are enhancing the market's growth. These dispensers improve patient care and ensure that medications are refilled on time. Additionally, locking mechanisms are being introduced into dispensers to prevent unattended children from coming into contact with potentially hazardous medication. These factors are fueling the topical dispenser market.
Metered Topical Dispenser Segment Expected to Witness Tremendous Growth In Upcoming Years
The topical dispenser market is fragmented into metered and swabs based on the type of dispensers. The metered dispensing system held the largest market share in 2020. Metered type dispensers are useful in cases of skin disorders involving applying a precise amount of medication to prevent complications resulting from an overdose. Furthermore, in dermatological diseases, the skin is broken or burned. Because the skin is sensitive to direct contact, a metered pump dispenser can be used to provide a sft spray that can be administered directly to the inflamed or sensitive skin without touching it.
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Impact of COVID-19 on the Topical Dispenser Market
Apart from the effort to flatten the curve of COVID cases, the lockdown presented various challenges to the population around the world. One of the major challenges was access to regular checkups and treatment for problems other than COVID-19. This prompted the need for self-administration of medication and treatment. Generally, the treatment of skin disorders requires daily application of medication in the precise amount, so a dispensing system that complements the patient's capabilities is necessary. The meter dispenser allows the patient to clearly see and hear the exact dosages that are to be applied and is helpful in self-administration of the skin treatment. Thus, COVID 19 has facilitated the growth of the global topical dispenser market as people had to resort to self-administration of the skin treatment during the pandemic due to lockdown restrictions.
North America Dominates the Topical Dispenser Market
The Topical Dispenser market is categorized into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. Among these, North America held the largest market shares in 2020. This growth can be attributed to the increasing prevalence of skin disorders in the North American region. As per the Skin Cancer Foundation, more than 9500 people are diagnosed with skin cancer every day in the United States, and more than two people die of skin cancer in the U.S. every hour. On the other hand, as per a journal released by the American Academy of Dermatology, people spend around $75 Million on health care in the U.S., which contributes to North America’s dominance in the global topical dispenser market.
The global market for topical dispensers is consolidated. TEAM Technologies, Reflex Medical, Biosrx Compounding Technologies, Simcro Ltd., Volumetric Inc., Porex Corporation, Fagron, Inc., Super Brush LLC, Unicep, LLC., Sonic, Packaging Industries, Inc., Foamtec Medical, and other major competitors dominate the topical dispenser industry. The key marketing strategies adopted by the players are new product launches, collaborations, and partnerships to expand their customer reach.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the global Topical Dispenser market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global Topical Dispenser market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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