Cosmetovigilance Market Poised for Rapid Growth, Predicted to Reach USD 15.38 Billion by 2032, with an Outstanding 5.1% CAGR

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐬𝐦𝐞𝐭𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞 𝐢𝐬 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟗.𝟖𝟒 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 𝐚𝐧𝐝 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐚𝐧 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐨𝐟 𝐔𝐒𝐃 𝟏𝟓.𝟑𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐚𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐬𝐭𝐮𝐝𝐲 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡. 𝐁𝐞𝐬𝐢𝐝𝐞𝐬, 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐭𝐞𝐬 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐬 𝐚 𝐫𝐨𝐛𝐮𝐬𝐭 𝟓.𝟏% 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐀𝐧𝐧𝐮𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐞𝐝 𝐭𝐢𝐦𝐞𝐟𝐫𝐚𝐦𝐞, 𝟐𝟎𝟐𝟒 - 𝟐𝟎𝟑𝟐

Cosmetic products are defined as mixtures or substances that are intended to be placed in contact with external body parts such as nails, lips, hairs, and epidermis, amongst others. Also, they can be attached to the teeth or the oral cavity's mucous membranes. Cosmetics can have various functions, including cleaning, perfuming, protecting, or enhancing the appearance of products they're attached to.

𝐂𝐥𝐢𝐜𝐤 𝐭𝐨 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞 𝐈𝐦𝐩𝐚𝐜𝐭𝐟𝐮𝐥 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬:
https://www.polarismarketresearch.com/industry-analysis/cosmetovigilance-market/request-for-sample

Cosmetovigilance refers to the continuous complication, evaluation, and monitoring of cosmetic products by cosmetic companies. It is a new concept of monitoring the safety of cosmetics in terms of human health. Cosmetovigilance aims to detect the adverse side effects of cosmetics and to prevent them by taking apt measures.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐟 𝐂𝐨𝐬𝐦𝐞𝐭𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞 𝐚𝐫𝐞:

• AB Cube
• Aixial Group
• AxeRegel
• Biofrontera AG
• Di Renzo
• OC Vigilance
• PharSafer
• Poseidon CRO
• Proclinical
• SKILLPHARMA S.R.L.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬:Growing consumer awareness about the potential risks associated with cosmetic products, such as allergic reactions, skin irritation, and long-term health effects, has fueled the demand for cosmetovigilance activities.

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞: Stringent regulatory requirements imposed by government agencies and regulatory bodies to ensure the safety and quality of cosmetic products drive the adoption of cosmetovigilance practices among manufacturers and stakeholders in the cosmetics industry.

𝐑𝐚𝐩𝐢𝐝𝐥𝐲 𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: The cosmetics industry is characterized by continuous innovation, product diversification, and the introduction of new ingredients and formulations. This dynamic environment necessitates robust cosmetovigilance systems to assess the safety of novel ingredients and monitor emerging safety concerns.

𝐆𝐥𝐨𝐛𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: The globalization of the cosmetics market and the increasing cross-border trade of cosmetic products have heightened the need for harmonized cosmetovigilance standards and international cooperation to ensure consistent safety monitoring and regulatory compliance.

𝐆𝐞𝐭 𝐀𝐡𝐞𝐚𝐝 𝐰𝐢𝐭𝐡 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
https://www.polarismarketresearch.com/buy/3769/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• The cosmetovigilance market segmentation is primarily based on category, service type, phase type, and region.

• By category insights, the skincare segment accounted for the largest share, owing to a substantial increase in the consumption of skincare products.

• By service type insights, the post-marketing segment witnessed the largest market share due to the widespread use of this cosmetovigilance service to assess the effectiveness in real-world settings.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐂𝐨𝐬𝐦𝐞𝐭𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞, 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗 - 𝟐𝟎𝟑𝟐)
• Skincare
• Make-up
• Haircare
• Perfume & Deodorants

𝐂𝐨𝐬𝐦𝐞𝐭𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞, 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐓𝐲𝐩𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗 - 𝟐𝟎𝟑𝟐)
• Post-Marketing
• Pre-Marketing

𝐂𝐨𝐬𝐦𝐞𝐭𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞, 𝐏𝐡𝐚𝐬𝐞 𝐓𝐲𝐩𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝐑𝐞𝐯𝐞𝐧𝐮𝐞 - 𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧, 𝟐𝟎𝟏𝟗 - 𝟐𝟎𝟑𝟐)
• Pre-clinical
• Phase I
• Phase II
• Phase III
• Phase IV

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.polarismarketresearch.com/industry-analysis/cosmetovigilance-market

𝐂𝐨𝐬𝐦𝐞𝐭𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• In 2023, The skincare segment accounted for the largest share. Skincare products are applied directly to the skin, making them more likely to cause adverse reactions or sensitivities compared to other cosmetic products.

• In 2023, Post-marketing segment accounted for the largest market share. Post-marketing surveillance is essential for monitoring the safety of cosmetic products after they have been released into the market and are being used by consumers.

• In 2023, the North American region dominated the largest market share. Consumers in North America are increasingly conscious of product safety and ingredient transparency, driving demand for safe and effective cosmetic products. This heightened awareness creates a greater need for cosmetovigilance activities to monitor product safety and address any adverse events or concerns promptly.

• The Asia Pacific region is anticipated to witness the fastest CAGR growth during the upcoming period, due to rapid growth in the cosmetics industry, driven by increasing urbanization, rising disposable incomes, and changing consumer lifestyles. This growth leads to a higher demand for cosmetovigilance services to ensure the safety and quality of cosmetic products.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐕𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐆𝐫𝐚𝐟𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/vascular-graft-market

𝐅𝐫𝐞𝐞𝐳𝐞 𝐃𝐫𝐲𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/freeze-drying-equipment-market

𝐏𝐥𝐚𝐭𝐢𝐧𝐮𝐦 𝐁𝐚𝐬𝐞𝐝 𝐂𝐚𝐧𝐜𝐞𝐫 𝐃𝐫𝐮𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/platinum-based-cancer-drugs-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.