Dublin, March 03, 2023 (GLOBE NEWSWIRE) -- The "Medicated Skin Care Products: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Medicated Skin Care Products estimated at US$7.2 Billion in the year 2022, is projected to reach a revised size of US$9.2 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2022-2030.
Cleansers, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach US$2.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Toners segment is readjusted to a revised 2.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 4.6% CAGR
The Medicated Skin Care Products market in the U.S. is estimated at US$2.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$845.3 Million by the year 2030.
Select Competitors (Total 251 Featured) -
- Advanced Dermatology and Cosmetic Surgery
- Bayer AG
- Beiersdorf AG
- Curatio Healthcare India Pvt. Ltd.
- Dr. med. Christine Schrammek Kosmetik GmbH & Co. KG
- EltaMD, Inc.
- Episciences, Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 715 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $7.2 Billion |
| Forecasted Market Value (USD) by 2030 | $9.2 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- 2020: A Year of Disruption & Transformation
- Year 2021 in Review and Near Term Outlook
- Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact 2022 Growth Outlook
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
- Global Beauty Industry Posts a Cautious Recovery from the Pandemic Impact
- Dermatology Practices Amidst the COVID-19 pandemic
- Pandemic Influences Demand for Dermatology Products
- Skin Care Products Witness Pockets of Growth
- Key Skincare Trends for 2022 and Beyond
- Competition
- Medicated Skin Care Products - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Medicated Skin Care Products: An Introduction
- Growing Prevalence of Skin Diseases and the Unmet Treatment Needs: A Fundamental Growth Driver
- Major Skin Diseases Driving the Need for Medicated Skincare Products
- Recent Market Activity
- WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Medicated Skin Care Domain to Have Real Moment with Innovation Focus
- Select Recently Launched Innovative Skin Care Brands
- Trending Ingredients for Skin Care Products
- Medical Skin Care Products Rank Better than Regular OTC Products
- Growing Demand for Products with Visible Results to Push Growth
- Rising Incidence of Skin Issues among Children Fuels Demand for Medicated Skincare Products
- Increasing Incidence of Skin Cancer Spurs Demand for Dermatological Products
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Multiple Skin Changes During Cancer Treatment Offers Opportunities
- Incidence of Different Types of Skin Cancer
- Growing Prevalence of Psoriasis Widens the Demand
- Rising Incidence of Eczema to Underpin Volume Growth
- Increasing Focus on Wellness and Self-Care amidst Mounting Healthcare Costs Drive Healthy Market Growth
- Health & Wellness Boosts Demand for Dermocosmetics
- Growth in the Global Cosmeceuticals Market Bodes Well for Market Growth
- Global Cosmeceutical Market Size (in US$ Billion) for 2019, 2022 and 2025
- Cosmeceuticals with Biologically Active Ingredients to Improve Skin Functioning Begin to Find Favor
- Rise in Young Population and Skin Conditions Such as Acne Drive Demand for Medicated skin Care Products
- Aging Population and their Vulnerability to Age-Related Skin Changes: A Strong Growth Driver
- Major Anti-Aging Ingredients of Cosmeceuticals
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Research-Backed Ingredients Hold Preference
- Growing Prominence of Personalized Skin Care Prescriptions Benefit Market Penetration
- AI Skin Technology Opening New Opportunities for Ultra-Personalized Skincare Shopping
- Medicated Skin Care Advancements DriveGrowth
- Nano Gold Products Emerge for Combating Aging
- Consumer Interest in Natural Ingredients Drive Demand for Natural and Organic Products
- Demand for Natural Ingredients for Cosmetic Products Surges amid the Pandemic
- Surging Popularity of Multi-Functional Products Promote Market Expansion
- Women: The Dominant Consumer Cluster for Skin Care Products
- Participation of Women in Workforce & Subsequent Need to Maintain Appearance to Fuel Mediated Skincare Product Sales: Women as % of Labor Force by Region (2020)
- Physiological Differences Entail Need for Male Specific Products
- Gen Z Emerge as an Attractive Target
- Focus Grows on Finding Alternatives to Hydroquinone for Pigment Control
- Growing Prominence of Non-Invasive Skin Treatments Lends Traction to Market Demand
- Growing Online Availability of Medical-Grade Products and Concerns
- Increasing Environmental Pollution Drive Demand for Anti-Pollution Skin Care Products
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9vqi5o
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