Global Physician Dispensed Cosmeceuticals Market

Global Physician Dispensed Cosmeceuticals Market Size, Share, Growth Analysis, By Product Type(Skin Care, Hair Care), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies) - Industry Forecast 2023-2030


Report ID: SQMIG35I2100 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 68

Global Physician Dispensed Cosmeceuticals Market Insights

Physician Dispensed Cosmeceuticals Market was valued at USD 8.5 Billion in 2021, and USD 9.16 billion in 2022 and it is expected to reach a value of USD 16.7 Billion by 2030, at a CAGR of 7.8% over the forecast period (2023 - 2030).

Physician-dispensed cosmeceuticals are products that are only available through a medically guided company and are designed to produce true biological effects below the stratum corneum on the skin. Medicated aesthetic goods suggested by dermatologists, trichologists, cosmetic surgeons, and other medical practitioners are described as physician-dispensed cosmeceuticals.

The increased significance of beauty and appearance, as well as expanding knowledge of anti-aging, will drive demand for cosmeceuticals prescribed by doctors. Furthermore, rising consumer awareness of the safety and efficacy of physician-dispensed cosmeceuticals, as well as a growing preference among consumers for a specific solution to different skin problems such as age spot or acne spot reduction, are expected to drive market growth significantly over the forecast period. Government regulation, intense competition, and the larger availability of replacements are some of the significant factors that might limit market growth in the anticipated time.

US Physician Dispensed Cosmeceuticals Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Physician Dispensed Cosmeceuticals Market Segmental Analysis

The Global Physician Dispensed Cosmeceuticals Market is segmented based on the Product Type, Distribution Channel, and Region. Based on the Product Type, the Global Physician Dispensed Cosmeceuticals Market is segmented as Skin Care, Hair Care, Eye Care, and Other Product Types. Based on the Distribution Channel, the Global Physician Dispensed Cosmeceuticals Market is segmented as Hospital Pharmacies, Retail Pharmacies, and Other Distribution Channels. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Physician Dispensed Cosmeceuticals Market Analysis by Product Type

Since the nature of cosmeceuticals requested by customers is mostly to treat dermatological disorders, the skincare products category accounted for a significant proportion of the worldwide Physician Dispensed Cosmeceuticals Market in 2017. The need for cosmeceuticals to erase the external indications of aging has been fueled by an increase in knowledge about personal upkeep among the senior population and changing views among the middle-aged and geriatric population in emerging nations.

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Global Physician Dispensed Cosmeceuticals Market Regional Insights

North America, Europe, Asia Pacific, and the Rest of the World make up the Global Physician Dispensed Cosmeceuticals Market. Over the projected period, the Asia Pacific market is predicted to increase considerably. In the area, there is a growing desire to see long-lasting young appearance and beauty, which is driving the demand for effective physician-dispensed cosmeceuticals. Furthermore, the Asia Pacific market will be driven by leading market players' increasing focus on expansion in Asia Pacific nations, the region's large consumer base, and increased awareness of physician-dispensed cosmeceuticals.

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Global Physician Dispensed Cosmeceuticals Market Dynamics

Physician Dispensed Cosmeceuticals Market Driver

The rise in awareness of personal maintenance

  • The need for cosmeceuticals to eliminate visible aging indications is driven by a rise in personal maintenance awareness among the elderly population and changing views among the middle-aged and aging population in emerging nations.
  • Furthermore, as more upper- and middle-class women and men in developed nations become aware of cosmeceuticals, the global physician-dispensed cosmeceuticals market grows. In poor places, women's education has increased access to newspapers, journals, and ads, which tend to give preparatory information to assess authentic and effective cosmeceuticals.

Physician Dispensed Cosmeceuticals Market Restraint

Lack of Knowledge

  • Consumers in undeveloped and impoverished countries are less aware of the market's modern and innovative cosmeceuticals. They are unaware of product outcomes as well as the high expense of medical consultations and cosmeceutical goods. This serves as a deterrent to using cosmeceuticals.

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Global Physician Dispensed Cosmeceuticals Market Competitive Landscape

The Global Physician Dispenced Cosmeceuticals market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. Due to the existence of numerous small and major producers, the market is somewhat competitive. Due to increased expenditures in R&D for product innovation and boosting product efficiency by bringing new items into the market, the market rivalry is fierce. Allergan, Merz Pharma, INNOVATIVE SKINCARE, Obagi Cosmeceuticals LLC, SkinCeuticals International, and others are key participants in the industry.

Physician Dispensed Cosmeceuticals Market Top Player's Company Profiles

  • Allergan Plc
  • SkinMedica, Inc.
  • Biopelle, Inc.
  • Clinique Laboratories, LLC
  • Cutera, Inc.
  • Emerson Ecologics, LLC
  • iS CLINICAL
  • Jan Marini Skin Research, Inc.
  • La Roche-Posay Laboratoire Pharmaceutique
  • Neutrogena Corp.
  • Obagi Medical Products, Inc.
  • SkinCeuticals
  • Stiefel Laboratories, Inc.

Physician Dispensed Cosmeceuticals Market Recent Developments

  • In May 2022, Xilica and Sennheiser expanded their collaboration with the introduction of two new pre-validated, plug-and-play "room kits" for medium and large collaboration spaces. The IT-compliant room kits combine premium PoE-powered Xilica and Sennheiser audio conferencing solutions in a single compact in-ceiling system, with all components connected via CatX network cable.
  • In June 2022, Nureva announced the appointment of AV Supply Group as its Australian distributor. Nureva's audio conferencing products were first introduced to the New Zealand market in 2017, and the group's expansion into Australia recognizes the demand from the shift to hybrid working and learning models.

Global Physician Dispensed Cosmeceuticals Key Market Trends

  • SkinCeuticals, a pioneer in breakthrough skincare technologies, will launch Vivace Fractional Micro Needle Radio Frequency Procedure with SkinCeuticals C E Ferulic in October 2020, a minimally invasive skin rejuvenation treatment.
  • In June 2019, AbbVie, a pharmaceutical company based in the United States, announced that it has struck a deal to purchase Allergan for $63 billion, returning the firm back to the United States for tax purposes.
  • Obagi Cosmeceuticals LLC announced the Obagi Nu-Derm System in January 2021, a wide-ranging skincare solution particularly intended for normal to dry skin to help treat hyperpigmentation and change the look of aging skin.

Global Physician Dispensed Cosmeceuticals Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Physician Dispensed Cosmeceuticals Market Analysis, the introduction of breakthrough ingredients and products, as well as greater customer willingness to spend on cosmeceuticals, are projected to propel the industry forward in the coming years. The number of physicians prescribing cosmeceuticals to promote beauty and health is also on the rise, which bodes well for industry growth. Consumers are opting for physician-dispensed skin care products after non-prescription skin care treatments failed to deliver the anticipated outcomes. Consumer knowledge of the potential health risks associated with using topical skincare products is prompting consumers to reconsider the kind of personal care items they use.

Report Metric Details
Market size value in 2021 USD 8.5 Billion
Market size value in 2030 USD 16.7 Billion
Growth Rate 7.8%
Base year 2021
Forecast period 2023 - 2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Skin Care, Hair Care, Eye Care, Other Product Types
  • Distribution Channel
    • Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Allergan Plc
  • SkinMedica, Inc.
  • Biopelle, Inc.
  • Clinique Laboratories, LLC
  • Cutera, Inc.
  • Emerson Ecologics, LLC
  • iS CLINICAL
  • Jan Marini Skin Research, Inc.
  • La Roche-Posay Laboratoire Pharmaceutique
  • Neutrogena Corp.
  • Obagi Medical Products, Inc.
  • SkinCeuticals
  • Stiefel Laboratories, Inc.
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Physician Dispensed Cosmeceuticals Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Physician Dispensed Cosmeceuticals Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Physician Dispensed Cosmeceuticals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Physician Dispensed Cosmeceuticals Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Physician Dispensed Cosmeceuticals Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Physician Dispensed Cosmeceuticals Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Physician Dispensed Cosmeceuticals Market was valued at USD 8.5 Billion in 2021, and USD 9.16 billion in 2022 and it is expected to reach a value of USD 16.7 Billion by 2030, at a CAGR of 7.8% over the forecast period (2023 - 2030).

The Global Physician Dispenced Cosmeceuticals market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. Due to the existence of numerous small and major producers, the market is somewhat competitive. Due to increased expenditures in R&D for product innovation and boosting product efficiency by bringing new items into the market, the market rivalry is fierce. Allergan, Merz Pharma, INNOVATIVE SKINCARE, Obagi Cosmeceuticals LLC, SkinCeuticals International, and others are key participants in the industry. 'Allergan Plc', 'SkinMedica, Inc.', 'Biopelle, Inc.', 'Clinique Laboratories, LLC', 'Cutera, Inc.', 'Emerson Ecologics, LLC', 'iS CLINICAL', 'Jan Marini Skin Research, Inc.', 'La Roche-Posay Laboratoire Pharmaceutique', 'Neutrogena Corp.', 'Obagi Medical Products, Inc.', 'SkinCeuticals', 'Stiefel Laboratories, Inc.'

The need for cosmeceuticals to eliminate visible aging indications is driven by a rise in personal maintenance awareness among the elderly population and changing views among the middle-aged and aging population in emerging nations.

SkinCeuticals, a pioneer in breakthrough skincare technologies, will launch Vivace Fractional Micro Needle Radio Frequency Procedure with SkinCeuticals C E Ferulic in October 2020, a minimally invasive skin rejuvenation treatment.

North America, Europe, Asia Pacific, and the Rest of the World make up the Global Physician Dispensed Cosmeceuticals Market. Over the projected period, the Asia Pacific market is predicted to increase considerably. In the area, there is a growing desire to see long-lasting young appearance and beauty, which is driving the demand for effective physician-dispensed cosmeceuticals. Furthermore, the Asia Pacific market will be driven by leading market players' increasing focus on expansion in Asia Pacific nations, the region's large consumer base, and increased awareness of physician-dispensed cosmeceuticals.

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