Topical Dispenser Market: Trends, Growth, and Future Outlook
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 populatio...