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

Physician Dispensed Cosmeceuticals Market was valued at USD 8.5 Billion in 2022, and USD 9.16 billion in 2023 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).

Physician Dispensed Cosmeceuticals Market Size

Physician Dispensed Cosmeceuticals Market Insights

Global Physician Dispensed Cosmeceuticals Market size was valued at USD 28.16 billion in 2023 and is poised to grow from USD 30.36 billion in 2024 to USD 55.36 billion by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).

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.

FAQs

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 (AbbVie Inc.) (USA) ', 'L'Oreal S.A. (France) ', 'Jan Marini Skin Research, Inc. (USA) ', 'Athena Cosmetics, Inc. (USA) ', 'ZO Skin Health Inc. (USA) ', 'Galderma Laboratories, L.P. (Switzerland) ', 'Procter & Gamble Co. (USA) ', 'The Estée Lauder Companies, Inc. (USA) ', 'Merz Pharma GmbH & Co. KGaA (Germany) ', 'Obagi Cosmeceuticals LLC (USA) ', 'iS CLINICAL (Innovative Skincare) (USA) ', 'Neutrogena Corporation (USA) ', 'Velius, LLC (USA) ', 'Sonoma Pharmaceuticals, Inc. (USA) ', 'Sientra, Inc. (USA) ', 'Dynamic Techno Medicals (India) ', 'Implantech Associates, Inc. (USA) ', 'CCA Industries, Inc. (USA) ', 'SkinMedica, Inc. (USA) ', 'Biopelle, Inc. (USA)'

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.