Physician Dispensed Cosmeceuticals Market to Witness Exponential Growth by 2031

Physician Dispensed Cosmeceuticals Market: Overview

• According to Transparency Market Research's latest report on the global physician dispensed cosmeceuticals market for the historical period 2017-2019 and forecast period 2021-2031, increase in consciousness and concerns about aging, harmful effects of pollution & damage to skin & face due to UV rays, and stressful lifestyle are projected to drive the global physician dispensed cosmeceuticals market during the forecast period

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Increase in Consumer Consciousness and Awareness: Key Driver

• Rise in consciousness about personal maintenance among the geriatric population and changing attitudes of middle aged & aging population in developing countries propel the demand for cosmeceuticals for eliminating the outward aging signs
• Moreover, increase in awareness about cosmeceuticals among most of the upper- and middle-class women and men in developed countries augments the global physician dispensed cosmeceuticals market. Women's education in underdeveloped regions has improved access to newspapers, magazines, and advertisements that tend to impart preliminary knowledge to judge genuine and effective cosmeceuticals.

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Entry of Dermatologists and Product Developers to Boost Market Growth

• Dermatologists have started developing cosmeceuticals alongside their skincare clinics and centers. Dermatologists and skincare specialists are opening their individual startups with locally manufactured low-cost products developed by their own clinics. This trend has led to the entry of new players in developing markets in Asia Pacific. Various cosmetic professional companies specialized in manufacturing and marketing cosmeceuticals are being owned by dermatologists who have recently entered the global physician dispensed cosmeceutical market, such as ZO Skin Health, Inc.

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Consumer Apprehensions on Potential Side Effects of Cosmeceuticals to Hamper Market Growth

• Consumers in developing and underdeveloped regions are relatively less aware about the advanced and innovative cosmeceuticals in the market. They lack knowledge about product results and the high cost of physician consultation and cosmeceutical products. This acts as a barrier to usage of cosmeceuticals.

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Physician Dispensed Cosmeceuticals Market: Competition Landscape

• This report profiles major players in the global physician dispensed cosmeceuticals market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
• The global physician dispensed cosmeceuticals market is highly fragmented, with the presence of a number of international as well as regional players

• Leading players operating in the global physician dispensed cosmeceuticals market are
o AbbVie Inc. (Allergan)
o L'Oreal S.A.
o Jan Marini Skin Research, Inc.
o Athena Cosmetics, Inc.
o ZO Skin Health Inc.
o Galderma Laboratories, L.P.
o Procter & Gamble Co.
o The Estée Lauder Companies, Inc.
o Merz Pharma
o Obagi Cosmeceuticals LLC
o iS CLINICAL
o Neutrogena
o Velius, LLC
o Sonoma Pharmaceuticals, Inc.
o Sientra, Inc.
o Dynamic Techno Medicals
o Implantech Associates, Inc.
o CCA Industries, Inc., and among others

Physician Dispensed Cosmeceuticals Market: Key Developments

• Key players in the global physician dispensed cosmeceuticals market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global physician dispensed cosmeceuticals market. A few expansion strategies adopted by players operating in the global physician dispensed cosmeceuticals market are:
o In April 2021, Neutrogena's 'People with Skin' campaign is part of its long-term commitment to improving skin health for all. The company is committed to improving skin health in the U.S. through advocacy, education, expertise, and transparency through this program.
o In April 2019, Merz Pharma, a global leader in medical aesthetics, announced the launch of Belotero Revive, a dermal filler product containing a unique combination of HA and glycerol that is intended to improve skin hydration, elasticity, and firmness, while addressing the appearance of fine lines and wrinkles.
• The report on the physician dispensed cosmeceuticals market discusses individual strategies, followed by company profiles of manufacturers of physician dispensed cosmeceuticals. The competition landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global physician dispensed cosmeceuticals market.

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