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DNA-Based Skin Care Market to Witness Comprehensive Growth by 2028

02-15-2019 07:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

DNA-Based Skin Care Market to Witness Comprehensive Growth

DNA-based skin care is the development and formulation of personalized skincare specific to the DNA of the patient. It includes extracting the DNA by a cheek swab and analyzing it to identify the skin’s inherit condition across several factors such as collagen formation, inflammation, glycation, antioxidant and sun protection and others. The last step is development ad formulation of customized skin care products targeting the needs of the skin for the user.

DNA-Based Skin Care Market: Drivers and Restraints

The advancements in genomics coupled with the development of infrastructure and awareness is the prime driver of the market. The growing expenditure on wellness products and the inherent desire to be young are another driver of the market. It has been estimated that the global wellness economy, and wellness tourism is estimated to total US$ 500 billion in 2016.

The growing influence of media and the tourism industry are psychographic drivers of the market. Further the falling cost of genetic diagnostics have resulted in high potential of skin care tailored to one’s DNA and lifestyle. Intrinsic skin ageing accounts for 60% of skin damage, while the remaining 40% is due to external factors and lifestyle. Thus a large DNA-based skin care market is well evident even to an untrained eye.

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A strong developmental pipeline is another driver of the market. Companies are investing in personalized medicines which is expected to be the future of healthcare.

However the constraints such as high cost of treatment, nascent stage of technology and low awareness in under developed nations is hampering the DNA-based skin care market.

DNA-Based Skin Care Market: Segmentation

To gain a bird’s eye view of the global DNA-based skin care market, the report is segmented on the product, end user, and region.

Based on the product, the global DNA-based skin care market can be segmented as,

Serum
Creams
Antioxidants
Others

Based on the end user, the global DNA-based skin care market can be segmented as,

Wellness clinics
Home User
Salons

DNA-Based Skin Care Market: Regional Wise Outlook

The global DNA-based skin care market can be classified into the following region: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, led by the U.S., is expected to drive the largest market share owing to the large wellness expenditure, large per capita income and large international wellness tourism. The US is the top destination for international wellness tourism, averaging 7.0 million international travels in 2016.

The Asia Pacific DNA-based skin care market excluding Japan is projected to expand and dominate the scene in the near future, owing to the growing healthcare expenditure and income. China and India are anticipated to account for the major share of the Asia Pacific DNA-based skin care market growth. The Asia-Pacific region is expected to grow at a faster pace owing to traditional dominance of alternative therapies such as Ayurveda, traditional Chinese medicine, Thai massage) which incorporate preventive, curative, and therapeutic aspects closing near the wellness treatment.

Germany, France and the U.K., are projected to be the largest drivers of the Europe DNA-based skin care market. The Middle East and Africa DNA-Based Skin Care market is anticipated to be led by the gulf countries of Saudi Arabia, UAE and Qatar owing to their large income.

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DNA-Based Skin Care Market: Market Participants

Some of the major vendors operating in the global DNA-based skin care market are Imagene Labs, Caligenix, EpigenCare, SkinGenie, ALLÉL, dnaskin, SkinDNA, Jinomz, Targeted DNA, Evergreen Health Solutions Ltd., EpigenCare Inc. and others.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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