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Physician Dispensed Cosmeceuticals - Global Market Trajectory & Analytics

  • ID: 2228061
  • Report
  • June 2021
  • Region: Global
  • 334 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Allergan Plc
  • Athena Cosmetics, Inc.
  • Biopelle, Inc.
  • Emerson Ecologics, LLC
  • iS CLINICAL
  • Neutrogena Corp.
  • MORE

Global Physician Dispensed Cosmeceuticals Market to Reach $24.9 Billion by 2026


The term `physician-dispensed cosmeceuticals` refer to cosmeceutical products that are sold through physician clinics or offices. Physician dispensed cosmeceuticals can be used on their own or in combination with other aesthetic procedures or treatments. Physician dispensed cosmeceuticals market globally is witnessing a steady growth, driven primarily by the rising demand from patients with high aesthetic consciousness. Despite the easy and increasing availability of professional skin care products, customers are demonstrating preference for cosmeceuticals sold by the physician`s office, as they are thought to offer better results. Patients are also expressing higher confidence in using products prescribed by their physicians, especially given the explosion in options available in the mass marketplace which are difficult to compare or differentiate. The market is also sensitive to economic environment, with financial downturns having an adverse impact on the market for physician dispensed cosmeceuticals market.

Amid the COVID-19 crisis, the global market for Physician Dispensed Cosmeceuticals estimated at US$15.3 Billion in the year 2020, is projected to reach a revised size of US$24.9 Billion by 2026, growing at a CAGR of 8.5% over the analysis period 2020-2027.Skin Care, one of the segments analyzed in the report, is projected to grow at a 9.5% CAGR to reach US$12 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hair Care segment is readjusted to a revised 8.2% CAGR for the next 7-year period. This segment currently accounts for a 23.3% share of the global Physician Dispensed Cosmeceuticals market.



The U.S. Market is Estimated at $6 Billion in 2021, While China is Forecast to Reach $1.9 Billion by 2026


The Physician Dispensed Cosmeceuticals market in the U.S. is estimated at US$6 Billion in the year 2021. The country currently accounts for a 37.66% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.9 Billion in the year 2026 trailing a CAGR of 10.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR while Rest of European market (as defined in the study) will reach US$2.1 Billion by the close of the analysis period.

The market is being fuelled by the ineffectiveness of non-prescription cosmetics in meeting the consumer needs and the promise of enhanced results offered by prescription products. Patients are showing greater confidence in products recommended by physicians owing to their ability to improve appearance of the skin. Driven by the growing level of consumer confidence in physician-prescribed products, the market for physician dispensed cosmeceutical products is expected to post steady growth in the coming years. Rising consumer demand for effective and high-quality products for promoting both health and beauty is driving physicians to prescribe cosmeceutical products for offering support to overall skin health and prevent signs of aging. Changing consumer preferences, the highly stressful lives of consumers, increasing pollution levels and the subsequent damage caused to skin, hair and eyes of people is driving growth in the global market for physician dispensed cosmeceuticals. The growing awareness about maintaining physical appearance among the world's expanding elderly population and changing attitudes of the geriatric and middle aged population in developing economies present significant opportunities for the physician dispensed cosmeceuticals market. Rising awareness about new skin conditions attributed to pollution and climate change and the growing demand for branded cosmeceuticals due to their improved efficacy and safety levels are expected to foster growth in the global physician dispensed cosmeceuticals market. Companies are increasingly investing in research and development initiatives to create new products and to stay competitive. Going forwards, product premiumization is set to fuel overall sales. Another factor expected to bring significant sales improvement is the continuous increase in the number of dispensing physicians every year. Besides, deepening Internet penetration and increasing usage of Internet and e-Commerce as a marketing channel is expected to drive future sales.

Eye Care Segment to Reach $4.3 Billion by 2026


This segment includes prescription drops, artificial tears, and other eye care products. The segment covers eye care products aimed at strengthening and stimulating the re-growth of eyelashes. In the global Eye Care segment, USA, Canada, Japan, China and Europe will drive the 7.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.1 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$434.5 Million by the year 2026, while Latin America will expand at a 8.7% CAGR through the analysis period.

Select Competitors (Total 91 Featured) -

  • Allergan Plc
  • Athena Cosmetics, Inc.
  • Biopelle, Inc.
  • Clinique Laboratories, LLC
  • Emerson Ecologics, LLC
  • iS CLINICAL
  • Jan Marini Skin Research, Inc.
  • La Roche-Posay Laboratoire Pharmaceutique
  • Neutrogena Corp.
  • Obagi Medical Products, Inc.
  • SkinCeuticals
  • SkinMedica, Inc.
  • Solta Medical, Inc.
  • Stiefel Laboratories, Inc.
  • ZO® Skin Health, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allergan Plc
  • Athena Cosmetics, Inc.
  • Biopelle, Inc.
  • Emerson Ecologics, LLC
  • iS CLINICAL
  • Neutrogena Corp.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Beauty and Personal Care Industry Comes Under Tremendous Stress Due to Pandemic
  • COVID-19 Disruptions Impact Aesthetic Services Market
  • Market Players Strategize to Mitigate Impact of Pandemic
  • Dermatology Amidst the COVID-19 pandemic
  • An Introduction to Physician-Dispensed Cosmeceuticals
  • Types of Physician-Dispensed Cosmeceuticals
  • Select Major Ingredients Used in Physician-Dispensed Cosmeceuticals
  • Physician Dispensed Cosmeceuticals: Delivering Health and Beauty
  • Global Market Prospects & Outlook
  • Physician-Dispensed Skin Care Products Lead the Global Market
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • Competition
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Myriad Benefits of Physician Dispensing of Cosmeceuticals Drives Market Growth
  • Growth in the Global Cosmeceuticals Market Bodes Well for Physician-Dispensed Products
  • Exhibit 2: Global Cosmeceutical Market Size (in US$ Billion) for 2019, 2022 and 2025
  • Aging Population Emerges as a Key Demographic Driver of Growth in the Physician-Dispensed Cosmeceuticals Market
  • Exhibit 3: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Exhibit 4: Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Societal Pressure to Look Young Peps Demand for Facial Aesthetics
  • Undesirable Side Effects: A Challenge to Reckon With
  • Anti-Aging Products: The Prime Category in the Physician-Dispensed Cosmeceuticals Market
  • Exhibit 5: Global Anti-Aging Cosmetics Market for the Years 2017, 2019, 2021, 2023 and 2025
  • Major Anti-Aging Ingredients of Cosmeceuticals
  • Cosmeceuticals with Biologically Active Ingredients to Improve Skin Functioning Begin to Find Favor
  • COVID-19 Impact on Aesthetics and Anti-Aging Market
  • Skin Brightening and Lightening Products: Significant Opportunities for Growth
  • Stem Cell Products Transform Market
  • Select Popular Stem Cell Beauty Products
  • Botulinum Toxin: The Preferred Solution in Facial Injectables Market
  • Exhibit 6: Cosmetic Botulinum Toxin Procedures Performed Worldwide: Percentage Breakdown of Procedure Volume by Gender for 2020E
  • Factors Propelling the Cosmetic Botox Market: In a Nut Shell
  • Millennials: A Popular Demographic Group for Botulinum Toxin
  • Exhibit 7: Cosmetic Botulinum Toxin Procedures Performed Worldwide: Percentage Breakdown of Procedure Volume by Age Group for 2019
  • Cosmeceutical Consumers: A Highly Informed, Aesthetically-Conscious Group
  • Women Account for Highest Spends on Skin Care
  • Exhibit 8: Women as % of Total Labor Force in Select Countries: 2019
  • Growing Trend towards Cosmeceuticals with Natural Ingredients
  • Focus on Finding Alternatives to Hydroquinone for Pigment Control Purposes
  • Manufacturers Widen Customer Base
  • Physician Dispensing of Cosmeceuticals Remains a Contentious Topic
  • Distribution Scenario
  • E-Commerce Channels Reinforce Sales of Physician Dispensed Products
  • Exhibit 9: Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • Exhibit 10: Beauty and Personal Care Market in the US: % Change in Offline and Online Sales for 2019, 2021 and 2023
  • Social Networking Emerges as an Effective Marketing Tool
  • An Insight into Notable Barriers to Market Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • United States: A Major Market for Physician Dispensed Cosmeceuticals
  • Anti-Aging Cosmeceuticals and Sunscreens to Drive Growth
  • Baby-Boomers and Working Females Propel Demand for Skin Care Products
  • Exhibit 11: US Population by Age Group: Percentage Breakdown of Population by Age Group (2020)
  • Exhibit 12: North American Aging Population by Age Group: 1975-2050
  • Increasing Demand for Cosmetic Treatments Augurs Well for the Market
  • Hydroquinone-free Products Attract Attention
  • Market Analytics
CANADA
  • Anti-Aging Cosmeceutical Products: Market Overview
  • Market Analytics
JAPAN
  • Market Overview
  • Stressful and Hectic Lifestyles Spur Demand for Anti-Aging Skincare Cosmeceuticals
  • Market Analytics
CHINA
  • Market Overview
  • Aging Population Fuels Market Prospects
  • Market Analytics
EUROPE
  • Market Overview
  • Exhibit 13: Non-Surgical Aesthetic Procedures in Select European Countries: Percentage Breakdown of Number of Procedures by Procedure Type for 2019
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM
  • Market Overview
  • Market Analytics
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Market Overview
  • Market Analytics
AUSTRALIA

INDIA
  • Market Overview
  • Market Analytics
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA
  • Market Overview
  • Market Analytics
ARGENTINA

BRAZIL
  • Market Overview
  • Market Analytics
MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 91
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Allergan Plc
  • Athena Cosmetics, Inc.
  • Biopelle, Inc.
  • Clinique Laboratories, LLC
  • Emerson Ecologics, LLC
  • iS CLINICAL
  • Jan Marini Skin Research, Inc.
  • La Roche-Posay Laboratoire Pharmaceutique
  • Neutrogena Corp.
  • Obagi Medical Products, Inc.
  • SkinCeuticals
  • SkinMedica, Inc.
  • Solta Medical, Inc.
  • Stiefel Laboratories, Inc.
  • ZO® Skin Health, Inc.
Note: Product cover images may vary from those shown
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