What is the global market size of Physician Dispensed Cosmeceuticals Market?

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).

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 2024-2031

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

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.

Global Physician Dispensed Cosmeceuticals Market Report Snapshots

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Physician Dispensed Cosmeceuticals Market was valued at USD 8.5 Billion in 2019, and USD 9.16 billion in 2019 and it is expected to reach a value of USD 16.7 Billion by 2031, at a CAGR of 7.8% over the forecast period (2024-2031).

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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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 2024-2031

Global Physician Dispensed Cosmeceuticals Market Dynamics

Global Physician Dispensed Cosmeceuticals Market Report Snapshots

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