Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.72 Billion | USD 15.90 Billion | 8.96% | 2022 |
According to the report published by Zion Market Research, the global Physician Dispensed Cosmeceuticals Market size was valued at USD 8.72 Billion in 2022 and is predicted to reach USD 15.90 Billion by the end of 2030. The market is expected to grow with a CAGR of 8.96% during the forecast period. The report analyzes the global Physician Dispensed Cosmeceuticals market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Physician Dispensed Cosmeceuticals industry.
Physically dispensed cosmeceuticals are products that are available only via medically directed business. These products comprise medicinal properties. However, such products do not need any legal verification process. Moreover, they are geared towards developing an actual biological action on the part of the skin present below the stratum corneum. This product consists of active ingredients that clinically target the visible signs of infection, aging, or any other imperfection in human appearance.
The rapid mushrooming of hair and skin care centers and clinics is one of the major factors that will drive the growth of the global physician-dispensed cosmeceuticals market significantly during the forecast period. Moreover, the growing number of trichologists, dermatologists, and skin care specialists who are turning into entrepreneurs and effectively running startups where branded cosmetic products are prescribed and used is another reason that is propelling the growth of the global physician-dispensed cosmeceuticals market. The growing importance of appearance and beauty among consumers is boosting the demand for physician-dispensed cosmeceuticals in the market. Moreover, there is a growing awareness among women regarding anti-aging treatments and procedures, which is also boosting its demand in the market globally.
Moreover, the high efficacy of physician-dispensed cosmeceuticals is also inducing people to adopt such products. These products are made to penetrate deeper into the skin when compared to various other available over-the-counter products. Also, due to the high penetration rate, it facilitates better results, which is a primary reason for the high demand for physician-dispensed cosmeceuticals in the market. However, several local dermatologists also provide their own cosmeceutical products that are lower in cost. Prominent market players are boosting their funding to increase the research and development activities in the field of physician-dispensed cosmeceuticals to innovate effective products and to generate huge demand in the global physician-dispensed cosmeceuticals market. Moreover, the transforming lifestyle of the people is leading to various skin problems like acne, age spots, skin pigmentation, and many others, which in turn is propelling the growth of the global physician-dispensed cosmeceuticals market vigorously.
The global physician-dispensed cosmeceuticals market can be segmented into products and regions.
By product, the market can be segmented into eye care, hair care, skin care, and others. The skincare segment accounts for the largest share in the global market. The skincare segment can further be bifurcated into sunscreens, anti-aging, and other skincare products. The anti-aging segment holds the largest share of the global market due to the rapidly growing aging population all across the globe. Moreover, the growing awareness among people regarding anti-aging treatments to improve and maintain their appearance is further boosting the growth of the segment. Also, due to the growing level of stress all across the globe, people are witnessing anxiety and signs of aging and thus there is a significant spike in the demand for physician-dispensed cosmeceuticals products in the global physician-dispensed cosmeceuticals market.
Asia Pacific accounts for the largest share in the global physician dispensed cosmeceuticals market due to the growing preference of people to adopt various procedures to hold long-lasting beauty and youthful appearance. Moreover, the presence of a strong consumer base is another major reason driving the growth of the regional market.
North America also accounts for a considerable share in the global physician-dispensed cosmeceuticals market due to the presence of prominent market players in the region. Also, the growing demand for physician-dispensed cosmeceutical products to maintain beauty and youthfulness is also boosting the growth of the regional market.
Report Attributes | Report Details |
---|---|
Report Name | Physician Dispensed Cosmeceuticals Market Research Report |
Market Size in 2022 | USD 8.72 Billion |
Market Forecast in 2030 | USD 15.90 Billion |
Growth Rate | CAGR of 8.96% |
Number of Pages | 158 |
Key Companies Covered | Johnson & Johnson Services, Inc, Jan Marini Skin Research, The Estée Lauder Companies Inc, Biopelle, Inc., Athena Cosmetics Inc., and Allergan. |
Segments Covered | By product, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the significant players in the global physician-dispensed cosmeceuticals market are
By product
FrequentlyAsked Questions
The rapid mushrooming of hair and skin care centers and clinics is one of the major factors that will drive the growth of the global physician dispensed cosmeceuticals market significantly during the forecast period. Moreover, the growing number of trichologists, dermatologists, and skincare specialists who are turning into entrepreneurs and effectively running startups where branded cosmetic products are prescribed and used is another reason that is propelling the growth of the global physician dispensed cosmeceuticals market.
Some of the significant players in the global physician dispensed cosmeceuticals market are ZO Skin Health Inc, Bausch Health, SkinCeuticals, Obagi Cosmeceuticals LLC, Johnson & Johnson Services, Inc, Jan Marini Skin Research, The Estée Lauder Companies Inc, Biopelle, Inc.
Asia Pacific accounts for the largest share in the global physician dispensed cosmeceuticals market due to the growing preference of people to adopt various procedures to hold long-lasting beauty and youthful appearance. Moreover, the presence of a strong consumer base is another major reason driving the growth of the regional market.
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