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Dermacosmetics Market to Reach $76.3 Billion by 2024

Published Date:   May 2019

The global dermacosmetics market is expected to generate $76.3 billion revenue by 2024, advancing at a CAGR of 6.5% during the forecast period. Increasing prevalence of skin diseases, rising number of seminars and conferences, and increasing consciousness toward appearance are some of the drivers propelling the market growth, according to P&S Intelligence.

Insights into Market Segments

On the basis of product, the dermacosmetics market is classified into skincare products and haircare products. Of these, the market for skincare products is expected to hold the largest share and witness the fastest growth, contributing 88.3% revenue share to the total market by 2024. This is due to increasing prevalence of skin diseases, and availability of broad range of skincare products in the market.

Based on end user, the dermacosmetics market is categorized into clinics, medical spas, and salons; hospitals; and at-home. Amongst these, the clinics, medical spas, and salons category dominated the market during the historical period, with a revenue share of 48.9% in 2018, as compared to 33.8% market share of at-home category. This is primarily due to a large number of skin treatment procedures performed in this category.

Asia-Pacific (APAC) Dermacosmetics Market to Observe the Highest Growth in the Coming Years

The APAC dermacosmetics market is expected to grow at a CAGR of 7.8% during the forecast period. The growth is mainly attributed to the improving economic condition, changing lifestyle patterns, increasing personal spending, increasing awareness about dermacosmetics, and strong presence of regional players.

In APAC, due to rise in the prevalence of skin disorders, personal spending on skin treatment has also increased significantly in recent years. According to the Organization for Economic Cooperation and Development (OECD), Japan’s personal spending reached to $2,874 billion in 2017 from $2,833 billion in 2016. Similarly, personal spending in South Korea increased to $914 billion in 2017 from $880 billion in 2016. This increases the adoption of dermacosmetics in the region.

Browse report overview with detailed TOC on "Dermacosmetics Market Research Report: By Product (Skincare, Haircare), Treatment (Skin, Hair), Distribution Channel (Pharmacy and Retail Store, Online), End-User (Clinics, Medical Spas, and Salons, Hospitals, At-Home), Regional Insight (U.S., Canada, France, Italy, Germany, U.K., Spain, Russia, Switzerland, Sweden, Norway, Denmark, Poland, China, India, Japan, South Korea, Indonesia, Australia, Singapore, Thailand, Malaysia, Sri Lanka, Brazil, Mexico, Argentina, Chile, Colombia, Ecuador, Saudi Arabia, U.A.E., South Africa, Israel, Egypt, Kuwait) – Global Industry Analysis and Forecast to 2024" at:https://www.psmarketresearch.com/market-analysis/dermacosmetics-market

Dermacosmetics Market Competitive Landscape

Players in the dermacosmetics market are coming up with innovative solutions and technologies to enhance their market presence. For instance, in April 2019, the U.S. Food and Drug Administration (USFDA) approved Bausch Health Companies Inc.’s halobetasol propionate and tazarotene lotion, DUOBRII. The product has been approved for the topical treatment of plaque psoriasis indication in adults. With the approval of DUOBRII, patients suffering from plaque psoriasis now have an innovative topical treatment option that uniquely combines halobetasol propionate and tazarotene, with established safety profiles, into a single lotion featuring dual mechanisms of action.

Similarly, Shiseido Co. Ltd., a global cosmetics company, and A.S. Watson Group, an international health and beauty retailer, jointly announced the development of the exclusive range, Urban Damage Care, under derma skincare brand program. Urban Damage Care is developed with the objective to deliver a skincare solution to protect women with sensitive skin from harmful environment and pollution. The range has been successfully launched in Thailand and Taiwan.

Besides, in February 2019, L’Oréal S.A. launched a digital skin diagnostic technology for consumers. This development was possible owing to the acquisition of augmented reality and artificial intelligence entity, Modiface Inc.

Allergan plc, Bausch Health Companies Inc., Procter & Gamble (P&G), Johnson & Johnson, L’Oréal S.A., Unilever Group, and Beiersdorf AG are some of the key players operating in the global dermacosmetics market.

DERMACOSMETICS MARKET SEGMENTATION

Market Segmentation by Product

  • Skincare
    • Cream
    • Serum
    • Lotion
    • Cleanser
    • Gel
    • Toner
    • Others
  • Haircare
    • Shampoo
    • Conditioner
    • Others

Market Segmentation by Treatment

  • Skin
    • Anti-aging
    • Skin whitening
    • Acne treatment
    • Others
  • Hair
    • Anti-dandruff
    • Anti-hair fall
    • Hair repair
    • Others

Market Segmentation by Distribution Channel

  • Pharmacy and Retail Store
  • Online

Market Segmentation by End User

  • Clinics, Medical Spas, and Salons
  • Hospitals
  • At-Home

Market Segmentation by Region

  • Europe Dermacosmetics Market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – France, Italy, Germany, U.K., Spain, Russia, Switzerland, Sweden, Norway, Denmark, Poland, and Rest of Europe
      • France dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • Italy dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • Germany dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • U.K. dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • Spain dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
  • North America Dermacosmetics Market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – U.S. and Canada
      • U.S. dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • Canada dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
  • APAC Dermacosmetics Market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – China, India, Japan, South Korea, Indonesia, Australia, Singapore, Thailand, Malaysia, Sri Lanka, and Rest of APAC
      • China dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • India dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • Japan dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • South Korea dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
  • Latin America (LATAM) Dermacosmetics Market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – Brazil, Mexico, Argentina, Chile, Colombia, Ecuador, and Rest of LATAM
      • Brazil dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
      • Mexico dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user
  • Middle East and Africa (MEA) Dermacosmetics Market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – Saudi Arabia, U.A.E., South Africa, Israel, Egypt, Kuwait, and Rest of MEA
      • U.A.E dermacosmetics market
        • By product
        • By treatment
        • By distribution channel
        • By end user