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Cosmetovigilance Market Research Report 2023: Size, Share, Trends And Global Forecast To 2032
Cosmetovigilance Market Report
The Business Research Company's Cosmetovigilance Global Market Report 2023 identifies the rising usage of cosmetics as the major driver for the cosmetovigilance market's growth in the forecast period. Cosmetics refers to a product used on the human body to cleanse, enhance, contribute to attractiveness, change appearance, or maintain or promote healthy skin or hair. Cosmetovigilance helps people using cosmetics to understand the quality of the cosmetic product by analyzing the safety monitoring of cosmetic products. As a result, the rising usage of cosmetics increases the demand for the cosmetovigilance market.
The global cosmetovigilance market size is expected to grow from $2.95 billion in 2022 to $3.22 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cosmetovigilance market size is expected to reach $4.32 billion in 2027 at a CAGR of 7.6%.
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Major competitors in the cosmetovigilance market are PharSafer Associates Ltd., Zeincro, Skill Pharma Limited, FMD K&L Inc., Poseidon CRO, AxeRegel, Freyr Solutions, OC Vigilance, Pure Drug Safety, SGS SA, Coronis Research S.A., Biorius, B&B Associates LLP, Pharma IQ, and Medwork.
A key trend in the cosmetovigilance market includes increasing awareness among people regarding personal care. Personal care refers to consumer products that are used in personal hygiene and grooming for self-care and beautification. Cosmetovigilance analyzes the safety monitoring of personal care products and helps people to adopt quality products, as a result, the increasing awareness among the people regarding personal care increases the demand for the cosmetovigilance market.
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The cosmetovigilance market is segmented -
•By Service Type: Pre-Marketing Services, Post-Marketing Services
•By Reported Category: Skincare, Makeup, Haircare, Perfumes And Deodorants, Hair Colorants, Other Reported Categories
•By Service Providers: Clinical Research Organizations (CROs), Business Process Outsourcing (BPOs)
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the cosmetovigilance market.
The Business Research Company's "Global Cosmetovigilance Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cosmetovigilance Market Include:
1. Executive Summary
2. Cosmetovigilance Market Characteristics
3. Cosmetovigilance Market Trends And Strategies
4. Cosmetovigilance Market - Macro Economic Scenario
5. Cosmetovigilance Market Size And Growth
……
26. Africa Cosmetovigilance Market
27. Cosmetovigilance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cosmetovigilance Market
29. Cosmetovigilance Market Future Outlook and Potential Analysis
30. Appendix
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