Medicated Skin Care Products Market: Global Industry analysis and Forecast (2023-2029)

Medicated Skin Care Products Market Overview:

Medicated skin care products are used to enhance the skin appearance and texture or to treat problems such as pimples, acne, and scars. Cleansers, face and body moisturisers, and hand sanitizers are among the goods used to treat numerous skin-related diseases such as eczema, psoriasis, dry skin, and dermatitis.

 

Medicine skincare products are a type of treatment that has been clinically proven to be effective in treating a variety of skin problems. Consumers are beginning to trust the product since it is backed by cutting-edge scientific research that goes through extensive analysis and testing, as well as rigid guidelines for who/where the items can be sold and utilised. Furthermore, there is an increasing demand from those who have been exposed to ultraviolet radiation, which causes wrinkles, leathery skin, skin cancer, and other problems.

 

Active chemicals in medicated skin care products cure common skin problems. Medicated skin care products range from over-the-counter topical creams to those that require a prescription from a physician. The medicated lip care market is seeing a resurgence, fueled by novel substances and combinations, a revived focus on youthful appearance, a greater awareness of the harmful effects of UV rays on skin, and an increase in the appeal of these products among men. The market is getting a much-needed boost from innovative packaging and distinctiveness. The increased prevalence and incidence of many skin problems, as well as the necessity for goods that maintain, nourishes, and enhances and/or prevents and treatments these conditions, are driving global market growth.

Medicated Skin Care Products Market Dynamics:

A major factor driving Medicated Skin Care Products Market expansion is the rising prevalence of skin care issues such as acne, pimples, and scars among youth and adults. Cosmetics that are ineffective for skin diseases like psoriasis and eczema augment the need for medicated skin care. Furthermore, the increased demand for organic active ingredients presents market participants with profitable potential. High product costs, on the other hand, are anticipated to stifle industry expansion in the coming years.

 

In the coming years, the growing desire for better preventative and maintenance healthcare, the ageing population's vulnerability to skin changes, and the attractiveness of cosmetic and corrective care among the young, middle aged, and elderly all promise well for medicated skin care products. Other key growth drivers include a greater focus on patient care, which may lead to the development of new skincare ideas; the growing prominence of personalised skin care; growing awareness about the harmful effects of sunrays on skin; rising popularity of medicated skin care products among men; insufficient sleep and vitamin/mineral deficient diets, which can lead to various skin-related issues; and the steady launch of safe, effective, and high-efficacy products with innovative ingredients, combinations, and product packaging, among others.

 

The need for natural-based active components products, which are currently popular in the industry, is driving the medical skin care products market. Medicated skin care products that are good for both health and the environment are in high demand. Furthermore, buyers are up to date on the latest trends, resulting in a plethora of companies offering similar products to satisfy customers.

 

A single face mask, for example, has thousands of different variations. This gives customers the choice of selecting a product based on their skin type. Furthermore, market companies that cater to medicated skin care products offer items that are technologically advanced.

 

Santinov, for example, introduced the CICABEL mask, which is made of stem cell material and is based on modern technology. The stem cells in the skin care product aid to protect and activate the cells, as well as increase skin epidermal cell proliferation and skin fibrosis anagenesis.

 

The high cost of some medicated skin care products, as well as the availability of low-quality skin care products on the market, may limit the global medicated skin care product market growth. Improved public knowledge of the consequences of skin issues, as well as increased purchasing power, are expected to alleviate these constraints in the near future.

 

COVID-19 Impact:

The coronavirus pandemic has triggered a chain of unprecedented events affecting every industry. The medicated skin care products market is expected to be reset to a new normal, which may be regularly redefined and updated in the post-COVID-19 age. To handle unpredictability, change, and continually adapt to new and emerging market situations, staying on top of trends and performing correct analysis is more important than ever.

 

The COVID-19 outbreak has a moderate impact on the medicated skin care products market. Due to a shift in consumer buying behaviour toward vital commodities, the pandemic led in a decrease in sales of medicated skin care products.

 

Medicated Skin Care Products Market Segment Analysis:

By Type: Medicated Skin Care Products Market is segmented into cleanser, toner, scrubs/masks, serums, moisturizer and others on the basis of type.

Cleanser is expected to be the leading category in medicated skin care products market due to its ability to remove bacteria, pollutants, viruses, filth, and oily (dead) skin cells from the body, as well as its ability to prevent skin dehydration by assisting in maintaining a normal level of hydration.

 

By Distribution channel: Medicated Skin Care Products Market is segmented into Hospital Pharmacies, Retails Pharmacies, Online Pharmacies, Beauty Clinics, Hypermarkets & Supermarkets on the basis of distribution channel.

In 2021, hypermarkets and supermarkets held a considerable market share, and the segment is expected to grow at a robust CAGR during the forecast period. This is mostly due to a rise in the number of medicated skin care products on the shelf in physical stores, as well as high demand for the goods. Due to increased internet penetration over the review period, the e-commerce segment is expected to rise at the fastest rate, strengthening the category's growth.

 

Medicated Skin Care Products Market Regional Analysis:

The Medicated Skin Care Products Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America on the basis of region. North America is expected to continue to dominate the Medicated Skin Care Products Market during the forecast period of 2022-2027. The product is becoming more widely used as medical research and technology progress, leading in the development of products that are both effective and have fewer negative effects. Furthermore, a huge number of individuals in this region are more aware of skin-related disorders and treatments, which drives up demand for medicated skin care products.

 

Furthermore, as fast-food culture evolves, the number of people who require the products grows. Most fast-food items, such as burgers, hot dogs, french fries, nuggets, milkshakes, and sodas, include refined carbs, fats, and high calories, causing allergic reactions and a variety of skin problems. According to data published in December 2018 by Safety and Health Magazine, an estimated 37 percent of the American population consumes fast food on a regular basis.

 

In the Medicated Skin Care Products market, the US currently holds a 35.63 % stake. Through the analysis period, China, the world's second largest economy, is expected to grow at a CAGR of 4.2 %. Japan and Canada are two other important geographic markets, with forecasted growth rates of 1.9 percent and 2.2 %, respectively, over the analysis period. Germany is expected to expand at a CAGR of around 2.1 % in Europe.

 

 

The objective of the report is to present a complete picture of global Medicated Skin Care Products market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Medicated Skin Care Products market. It also helps to understand bargaining power of suppliers and consumers.

 

The report also presents PESTLE analysis which helps to gain a macro picture of Medicated Skin Care Products market.  Political factors help to identify the influence of government over Medicated Skin Care Products market. Economic factors a have direct impact on a company’s long-term prospects in a market.

 

 

The economic environment may affect how a company dealing in Medicated Skin Care Products price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Medicated Skin Care Products market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements. 

 

Medicated Skin Care Products Market Scope:

Medicated Skin Care Products Market  Scope
Market Size in 2022	USD 6.78 Bn.
Market Size in 2029	USD 7.96 Bn.
CAGR (2023-2029)	2.7%
Historic Data	2017-2021
Base Year	2022
Forecast Period	2023-2029
	by Type Cleanser Toner Scrubs/masks Serums Moisturizer Others
	by Distribution Channel Hospital Pharmacies Retails Pharmacies Online Pharmacies Beauty Clinics Hypermarkets Supermarkets
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Medicated Skin Care Products Market Key Players:

• Avon Products Inc. (UK)
• Beiersdorf AG (Germany)
• Colgate-Palmolive Company (US)
• Kao Corporation (Japan)
• L’Oréal S.A. (France)
• Procter & Gamble (US)
• Shiseido Company (Japan)
• The Estee Lauder Companies Inc. (France)
• Unilever PLC (UK)
• Revlon (US)
• Bayer AG (Germany)
• Dr. med. Christine Schrammek Kosmetik GmbH & Co. KG (Germany)
• GlaxoSmithKline Plc (UK)
• Johnson & Johnson (US)
• Obagi Cosmeceuticals LLC (US)