DUBLIN--(BUSINESS WIRE)--The "Medicated Skin Care Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The medicated lip care market is showing renewed growth, supported by innovative ingredients and combinations, increased emphasis on youthful look, growing awareness of adverse effects of sunrays on skin, and an increasing popularity of these products amongst men. Innovative packaging and differentiation is providing a much-needed fillip to the market. Growth in the global market is driven by the rising prevalence and incidence of several skin conditions, and the need for products that maintains, nourishes and enhances and/or prevents, treats and corrects the skin.
Growing demand for better preventative and maintenance healthcare; aging population and their vulnerability to skin changes; and popularity of aesthetic and corrective care among the young, middle aged and the old offer significant potential for medicated skin care products in the coming years.
Other important growth drivers include heightened focus on patient care that would result in creation of new ideas in the field of skincare; growing prominence of personalized skin care; increasing awareness about adverse effects of sunrays on skin; rising popularity of medicated skin care products among men; insufficient sleep and vitamin/minerals deficient diets resulting in various skin related issues; and steady launch of safe, effective, and high-efficacy products with innovative ingredients, combinations, and product packaging, among others.
Amid the COVID-19 crisis, the global market for Medicated Skin Care Products estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$7.7 Billion by 2026, growing at a CAGR of 2.7% over the analysis period.
The Medicated Skin Care Products market in the U.S. is estimated at US$2.4 Billion in the year 2021. The country currently accounts for a 35.63% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$887.1 Million in the year 2026 trailing a CAGR of 4.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR while Rest of European market will reach US$918.2 Million by the end of the analysis period. The US is a key market and growth is driven
Select Competitors:
- Advanced Dermatology and Cosmetic Surgery
- Bayer
- Beiersdorf
- Curatio Healthcare India
- Dr. med. Christine Schrammek Kosmetik
- EltaMD
- Episciences
- Galderma S.A.
- GlaxoSmithKline Plc
- Johnson & Johnson
- Kao Corporation
- La Prairie Group
- Laboratorios Leti SL.
- L'Oreal
- Medimetriks Pharmaceuticals, Inc.
- Merz Pharma
- NEOCUTIS
- Obagi Cosmeceuticals
- Otsuka Pharmaceutical
- PCA Skin
- Prestige Consumer Healthcare
- ReVive Skincare
- Shiseido
- SkinCeuticals
- SkinMedica
- Skinvisible Pharmaceuticals
- Sonoma Pharmaceuticals
- Stiefel Laboratories
- The Himalaya Drug Company
- Unilever
- Vivier Pharma
-
ZO Skin Health
Key Topics Covered:
MARKET OVERVIEW
- Medicated Skin Care Products: Medical Solutions for Skin Health Needs
- Convergence of Beauty and Healthcare
- Growth Drivers in a Nutshell
- Growing Prevalence of Skin Diseases and the Unmet Treatment Needs: A Fundamental Growth Driver
- Major Skin Diseases: Few Fast Facts
- Developed Markets: Traditional Revenue Contributors
- Leading Players in the Global Medicated Skin Care Products Market
- Vendors Emphasize Collaborations
- Select M&A Deals in the Global Medicated Skin Care Products Market in the Recent Past
MARKET TRENDS & DRIVERS
- Increasing Focus on Wellness and Self-Care amidst Mounting Healthcare Costs Drive Healthy Market Growth
- Health & Wellness Boosts Demand for Dermocosmetics
- Aging Population and their Vulnerability to Age-Related Skin Changes: A Strong Growth Driver
- Major Anti-Aging Ingredients of Cosmeceuticals
- Popular Cosmeceutical Contents
- Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
- Booming Demand for Anti-Aging Skin Care Products Bodes Well for the Market
- Common Skin Care Cosmeceuticals
- Growing Prominence of Personalized Skin Care Prescriptions Benefit Market Penetration
- Failure of Non-Prescription Products Drive Demand for Physician-Dispensed Skin Care Solutions
- Medicated Skin Care Innovations: Spearheading Growth
- Innovations for Acne
- Innovations for Actinic Keratosis
- Innovations for Tuberous Sclerosis Complex and Angiofibromas
- Melasma Treatment Innovations
- Onychomycosis Treatment Innovations
- Innovations for Alopecia/Hair Loss
- Stem Cell Technology: The New Frontier?
- Intelligent Scanning for Identifying Beneficial Ingredients
- Innovations in Anti-Aging Skin Care
- Other Noteworthy Medicated Skin Care Innovations
- Consumer Interest in Natural Ingredients Drive Demand for Natural and Organic Products
- What's Next in Ingredients?
- Innovative Ingredients Gain Focus
- Aesthetic Dermatology to Witness Sustained Growth
- Favorable Trends in the Beauty Industry Spell Opportunities for Medicated Skin Care Market
- Surging Popularity of Multi-Functional Products Promote Market Expansion
- Sales of Hydroquinone-free Products Gain Momentum
- Facial Wipes Offers Huge Untapped Growth Potential
- Women: The Dominant Consumer Cluster for Medicated Skin Care Products
- Physiological Differences Entail Need for Male Specific Products
- Growing Prominence of Non-Invasive Skin Treatments Lends Traction to Market Demand
- Increasing Environmental Pollution Drive Demand for Anti-Pollution Skin Care Products
- Exponential Increase in Urban Population Promote Higher Demand for Medicated Skin Care
For more information about this report visit https://www.researchandmarkets.com/r/okd2t1
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