Mon, 10 Aug 2020

Global Topical Dispenser Market appraised 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.Topical applicators are used to administer peels and skin protectants, ointments, gels, creams, masks, disinfectants, and drugs. As more topical medications are being prescribed and introduced, the request for topical applicators is estimated to surge. Metered topical applicators ensure the precise quantity of drug/balm/cream/other medication for application on the body surface.

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The thematic device is user-friendly and dispenses the specified amount of medication with just one click. Topical applicators are reliable as they deliver automatic and consistent doses, assuring the same viscosity and no user-variability. They offer accuracy during the mixing and filling of the product and negate the chances of excess medication.

The primary reason for propelling the development of topical applicators is the growing need for medicine's contactless administration, assuring no transmission of bacteria carrying the infection. Besides, precision in dispensing medicine is another significant benefit and reason driving the global topical applicators market during the prediction period. High demand for topical applicators is being witnessed from the skincare sector. Topical applicators are widely used in dermal therapies and particularly for psoriasis. A large number of dermal medicinal applications are topical and require topical applicators for safe, secure, and precise administration. The therapeutic industry development in countries like China and India is predicted to push the topical applicators market during the prediction period.

Homecare settings accounted for the significant share of the market in 2018. Home care settings eliminate the need for patients to travel to healthcare facilities, thus saving time and money. Owing to convenience and affordability, a growing number of patients are opting for home-based cures. These factors reassure the growth of this market segment.

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North America dominated the market in 2019 and is expected to observe the highest CAGR during the prediction period. The prevalence of skin diseases, rising approvals and launches of innovative topical formulations in the region, and growing funding for topical drugs' development are some of the key elements driving this regional segment's growth. Emerging pharmaceutical industry in countries like China and India is expected to propel the topical applicators market during the forecast period. Europe is more evolved as topical applicators market compared to other regions such as Asia and MEA. The GCC countries and North Africa are anticipated to witness a medium to high growth in the topical applicators market during this period.

Companies such as Johnson & Johnson (US), Nestle SA (Switzerland), Novartis AG (Switzerland), GlaxoSmithKline (UK), Bausch Health Companies (Canada), Merck & Co (US), Bayer AG (Germany), Hisamitsu Pharmaceutical (Japan), Glenmark Pharmaceuticals (India), Cipla Ltd (India), Crescita Therapeutics Inc. (Canada), and Mylan (US) and others are prominent players in this market.

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