Physician Dispensed Cosmeceuticals Market Predicted to Reach USD 19 Billion by 2031 with 7.8% CAGR | Global Analysis by TMR

The global 𝐩𝐡𝐲𝐬𝐢𝐜𝐢𝐚𝐧 𝐝𝐢𝐬𝐩𝐞𝐧𝐬𝐞𝐝 𝐜𝐨𝐬𝐦𝐞𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 8.5 billion in 2020, is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2021 to 2031, reaching US$ 19 billion by 2031.

This growth trajectory is fueled by heightened demand for products and improved supply chain management amidst the COVID-19 pandemic. However, brands in this market face scrutiny for potential side effects, necessitating increased awareness campaigns promoting physician consultation. To cater to the aging population, companies are innovating dermatologically-approved skincare cosmeceuticals. Furthermore, in regions like Asia Pacific, including India, Sri Lanka, and Bangladesh, the rise in women's education and smartphone penetration in rural areas is driving increased product adoption.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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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.

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝:

AbbVie, Inc. (Allergan),L'Oreal S.A.,Jan Marini Skin Research, Inc.,Athena Cosmetics, Inc.,ZO Skin Health, Inc.,Galderma Laboratories, L.P.,Procter & Gamble Co.,The Estée Lauder Companies, Inc.,Merz Pharma,Obagi Cosmeceuticals LLC,iS CLINICAL,Neutrogena,Velius, LLC,Sonoma Pharmaceuticals, Inc.,Sientra, Inc.,Dynamic Techno Medicals,Implantech Associates, Inc.,CCA Industries, Inc.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Face-care
Skincare

𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Skin Lightening or De-pigmenting
Rhytide Reduction
Anti-Wrinkle/Aging
Scar-reducing
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

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.

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.

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Trends shaping the market include the adoption of natural and organic ingredients, personalized skincare solutions, innovative delivery systems, and the integration of technology such as AI and IoT into skincare devices.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Key points of study may include market dynamics, competitive landscape, consumer preferences, regulatory landscape, technological advancements, and strategic collaborations.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the physician dispensed cosmeceuticals market appears promising, with continued innovation driving product development and expanding consumer demographics seeking advanced skincare solutions.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐀𝐜𝐮𝐩𝐮𝐧𝐜𝐭𝐮𝐫𝐞 𝐍𝐞𝐞𝐝𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/23/2674199/0/en/Acupuncture-Needles-Market-to-Secure-USD-200-Mn-Revenue-by-2031-Fueled-by-5-CAGR-TMR-Study.html

𝐓𝐫𝐚𝐢𝐥 𝐂𝐚𝐦𝐞𝐫𝐚 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/23/2674093/0/en/Trail-Camera-Demand-is-Predicted-to-Grow-at-a-6-9-CAGR-Reaching-US-189-6-Million-by-2031-Transparency-Market-Research-Analysis.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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