Cosmetovigilance Market Size, Share & Growth Report 2032

Cosmetovigilance Market: Industry Perspective

The global cosmetovigilance market size was worth around USD 11.24 billion in 2023 and is predicted to grow to around USD 16.80 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.56% between 2024 and 2032.

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Cosmetovigilance is the systematic checking or detection of cosmetics safety to ensure that human health is not impacted. The objective behind this is to prevent the side effects of cosmetics on human skin by enforcing the required measures.

Escalating the popularity of using cosmetics to improve looks is slated to steer the overall Cosmetovigilance market expansion. Consciousness among end-users regarding enhancements in aesthetic appeal will boost the popularity of cosmetics during the assessment period.  Additionally, technological breakthroughs witnessed in Cosmetovigilance software will beneficially leverage Cosmetovigilance market revenue over the upcoming years. Nevertheless, a lower level of consciousness regarding Cosmetovigilance in emerging as well as less developed economies will put brakes on the Cosmetovigilance market surge over the foreseeable future. Nonetheless, the introduction of an appropriate vigilance system addressing the health concerns of the consumers along with the streamlining of the Cosmetovigilance process is likely to generate new ripples of growth for the market over the forthcoming years.

The report covers the forecast and analysis of the aircraft engine market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the aircraft engine market has also been included in the study. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness.

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Cosmetovigilance Market: Segmentation Analysis

The cosmetovigilance market can be separated into service types, reported categories, and service providers.

Based on the service type, the market is sectored into pre-marketing services and post-marketing services. The pre-marketing services are further segmented into clinical safety testing, document writing, risk management, and others. The post-marketing services are further segmented into case intake, case triage, data entry & acquisition, tracking & reporting, and others.

In terms of reported categories, the cosmetovigilance market can be sectored into skincare, makeup, haircare, perfumes & deodorants, hair colorants, and others. On the basis of service providers, the cosmetovigilance industry can be divided into clinical research organizations and business process outsourcing.

Cosmetovigilance Market: Report Scope

Regional Analysis

Regionally, the cosmetovigilance market is divided into Europe, Latin America, Asia Pacific, North America, and the Middle East and Africa. The European region is estimated to make substantial contributions towards the global Cosmetovigilance market revenue during the projected timeframe, subject to strict legislation on the use of cosmetic items in the EU. However, the launching of a centralized notification system has resulted in massive enhancement in the present regulatory scenario, thereby benefitting multinationals as well as firms not based in EU countries. This, in turn, is predicted to drive the market trends in Europe. The North American Cosmetovigilance market is slated to witness incessant growth over the next decade, subject to massive consumer expenditure on cosmetics as well as awareness among consumers about appearance, beauty, and appeal.

In addition, growing consciousness among both the government as well as consumers regarding the use of ingredients in cosmetic items will proliferate the regional market growth. Asia Pacific, Latin America, and the Middle East and Africa are projected to be the major market growth drivers in the coming decade.

Cosmetovigilance Market: Competitive Analysis

The global cosmetovigilance market is dominated by players like:

• Pharmathen
• Skill Pharma
• Cliantha
• Poseidon CRO
• AxeRegel
• PharSafer
• Freyr
• OC Vigilance
• MSL Solutions Providers
• FMD K&L
• ZEINCRO

The report segments the global cosmetovigilance market into:

Global Cosmetovigilance Market: Service Type Segment Analysis

• Pre-Marketing Services
  • Clinical Safety Testing
  • Document Writing
  • Risk Management
  • Others
• Post-Marketing Services
  • Case Intake
  • Case Triage
  • Data Entry & Acquisition
  • Tracking & Reporting
  • Others

Global Cosmetovigilance Market: Reported Categories Segment Analysis

• Skincare
• Makeup
• Haircare
• Perfumes & Deodorants
• Hair Colorants
• Others

Global Cosmetovigilance Market: Service Provider Segment Analysis

• Clinical Research Organizations
• Business Process Outsourcing

Global Cosmetovigilance Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa